Press release
Mobile Phone Accessories Market to reach USD 298 Bn by 2029, emerging at a CAGR of 11.03 percent and forecast 2023-2029
Mobile Phone Accessories Market
In 2022, the Mobile Phone Accessories Market witnessed a valuation of US$ 140.84 billion, with an anticipated growth rate of 11.03% CAGR throughout the forecast period.
Maximizing Market Research Pvt Ltd's latest report delves into the diverse landscape of the Mobile Phone Accessories Market, covering a wide array of products such as Batteries, Headphones/Earphones, Portable Speakers, Chargers, Memory Cards, Power Banks, Battery Cases, Protective Cases, Screen Guards, Popsockets, and more. The report provides a comprehensive analysis of market dynamics, drivers, restraints, and regional insights.
The research methodology employed by Maximizing Market Research Pvt Ltd involves a meticulous examination of market participants' data and regions, including North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report utilizes facts, figures, illustrations, and presentations to provide key data analysis from 2017 to 2020.
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Mobile Phone Accessories Market Dynamics:
Worldwide, smartphone users exhibit a robust desire for an array of mobile phone accessories. The pervasive adoption of smartphones globally serves as a driving force, significantly influencing the mobile phone accessories market. The market is poised for remarkable expansion, driven by the increasing necessity and prevailing trends in online purchases of smartphones. The demand for smartphones is expected to witness a surge propelled by a notable decline in selling prices, the escalating popularity of online video streaming, enhanced accessibility to social networking, and various other factors throughout the forecast period.
The imperative need to safeguard smartphones, whether flagship or feature phones, coupled with other compelling reasons, has fueled a surge in demand for mobile phone accessories on a global scale. In the forthcoming years, the global demand for these accessories is set to receive a substantial boost, driven by the availability of contemporary and stylish phone covers, fashionable and vibrant headphones, as well as the growing need for battery and charger replacements.
Mobile Phone Accessories Market Regional Insights:
In the global mobile phone accessories market, North America asserts its dominance, securing the highest market shares. This is attributed to several factors, including a heightened adoption of wireless accessories, the presence of advanced technology, and a strong inclination towards digitalization.
The Asia-Pacific region is poised for rapid development in the global mobile phone accessories market, showcasing the highest Compound Annual Growth Rate (CAGR). This growth is fueled by increased internet penetration, a rising adoption of smartphones, and their reduced prices. The region's augmented per-capita income and advancements in product technologies further contribute to bolstering market growth.
China emerges as a particularly enticing growth opportunity for mobile phone accessories producers, courtesy of its expansive existing and potential customer base. The expansion of e-commerce channels, coupled with an increase in the spending power of customers, positions China as an exceptionally attractive market for the sale of mobile phone accessories.
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Mobile Phone Accessories Market Segmentation:
Product Segmentation:
The market is segmented into Batteries, Headphones/Earphones, Portable Speakers, Chargers, Memory Cards, Power Banks, Battery Cases, Protective Cases, Screen Guards, Popsockets, and others. Earphones/Headphones, Protective Cases, and Power Banks are identified as key segments.
Distribution Channel:
Segmentation includes Offline and Online channels, with Online stores holding the largest market share, driven by prevailing online shopping trends and exclusive sales.
Price Range:
Segmentation into Premium, Mid, and Low-range accessories, with Mid-range accessories holding the largest market share due to a balanced price-performance ratio.
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Mobile Phone Accessories Market Key Players:
1. Samsung Electronics Co., Ltd.
2. Energizer holdings
3. Panasonic corporation
4. Plantronics, Inc.
5. Sony Corporation
6. Apple Inc.
7. Skullcandy Inc.
8. GN Group
9. Incipio Group
10.Western Digital Corporation
11.Kingston Technology Company Inc.
12.Cambridge Soundworks Inc.
13.Bscstore Inc.
14.Jvckenwood corporation
15.TYLT, Ballistic
16.Moftware Inc.
17.Seidio Inc.
18.Bose corporation
19.Case Mate Inc.
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Table of content for the Mobile Phone Accessories Market includes:
1. Global Mobile Phone Accessories Market: Research Methodology
2. Global Mobile Phone Accessories Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Mobile Phone Accessories Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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