Press release
Fact.MR Study: Which Vehicle Type would Dominate the Automotive Mobile Accessories Market in terms of Revenue?
Request a Report Sample to Gain Valuable Insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=6
The rising fad for enhancing functionality of vehicles is inducing a significant demand hike in the automotive mobile accessories market. Furthermore, the need for enhancing connectivity features on the go is foreseen to provide the much-needed fillip to growth of automotive mobile accessories market. As per the report mentioned by Fact.MR, the automotive mobile accessories market valued US$ 24,320 Mn in 2017. The market is further estimated to value around US 30, 416 Mn by 2022 end.
With rising penetration of smartphones, phone holders have emerged as one of the widely-adopted types in automotive mobile accessories market. On the backdrop of having flawless interaction with mobile phones on the move, phone holders are foreseen to be one of the highly attractive types in automotive mobile accessories market. Phone holders are slated to be of great help for attending phone calls while driving, which is further driving this segment in automotive mobile accessories market. Moreover, phone holder has become an imperative to ensure seamless and hassle-free driving, which further aggrandizes its dominance in automotive mobile accessories market. The phone holder segment is poised to be the largest product type segment in automotive mobile accessories market and is foreseen to value around US$ 16, 067 Mn in 2022.
For More Detailed Information about Methodology at https://www.factmr.com/connectus/sample?flag=RM&rep_id=6
Another predominant reason pushing adoption of phone holders in the automotive mobile accessories market is GPS navigation. Burgeoning proliferation of cab services making use of GPS navigation are poised to complement its ever-growing demand in the automotive mobile accessories market. The advent of magnetic air vent phone holders is believed to be a major novelty, which is also evolving as a popular product in the automotive mobile accessories market.
Europe is estimated is foreseen to be the dominant region in the automotive mobile accessories market in terms of revenue. In terms of growth rate, the North America automotive mobile accessories market is anticipated to gain new heights with a moderate CAGR. By product type, USB chargers are also anticipated to grow rapidly in automotive mobile accessories market by virtue of rapidly exhausting batteries in smartphones. Moreover, the fad for playing audio or video files while driving is one of the major factors fostering sales of USB cables in automotive mobile accessories market.
The low cost segment of automotive mobile accessories market accounted for a significant revenue in 2017 and is projected to retain its position in the automotive mobile accessories market. The low cost segment is poised to grow at a meteoric rate standing out as too big to ignore in automotive mobile accessories market. Moreover, the mid-sized segment is also forecasted to reach impressive heights in automotive mobile accessories market by the end of the forecast period. Passenger cars comprise for a major chunk of revenue share in the automotive mobile accessories market. It wouldn’t be surprising if the major stakeholders of automotive mobile accessories market decide to extensively count on passenger cars as opposed to LCV’s and HCV’s. Additionally, rising vogue of compact cars and SUVs is also likely to magnify the supremacy of passenger cars in the automotive mobile accessories market.
Browse Full Report, visit: https://www.factmr.com/report/6/automotive-mobile-accessories-market
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fact.MR Study: Which Vehicle Type would Dominate the Automotive Mobile Accessories Market in terms of Revenue? here
News-ID: 2257370 • Views: …
More Releases from Fact.MR
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between…
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032.
Market Drivers & Outlook
The demand for…
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems.
Key…
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate…
More Releases for Unit
Global Transcutaneous Electrical Nerve Stimulation Unit Market, Transcutaneous E …
Global Transcutaneous Electrical Nerve Stimulation Unit Market Overview:
The Transcutaneous Electrical Nerve Stimulation Unit market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Transcutaneous Electrical Nerve Stimulation Unit market has experienced significant growth, driven by factors such as increasing consumer demand,…
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Jackfruit Processing Unit
The fruit processing sector has some undoubtedly potential Business Ideas, and Jackfruits processing is highly recommended because jackfruits are highly perishable tropical fruits, which helps in improving the immunity, replenishes the energy, cardiovascular health, regulates Blood Pressure, Digestion, treats the skin diseases, prevent/control asthma and many more awesome advantages of jackfruit consumption.
Rising demand for processed fruit product for secondary preparations, rising income, and resultant increased spending on food items is…
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India.
Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in…
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP).
Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences.
Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for…
