Press release
Car Phone Holder Market Poised for 7.1 % Growth, Set to Hit 70.33 Billion by 2029
Car Phone Holder Market Share
The car phone holder market has expanded significantly in recent years. It is forecasted to rise from $1.1 billion in 2024 to $1.18 billion in 2025, with a CAGR of 7.3%. The growth has been driven by increasing smartphone usage while driving, growing concerns for road safety and hands-free laws, demand for convenient mobile access in vehicles, the rise of ride-sharing and navigation apps, innovations in adjustable holder designs, and an increase in long-distance commuting.
The car phone holder market is expected to reach $1.56 billion by 2029, with a CAGR of 7.1%. Growth is attributed to wireless charging capabilities, customization options, ride-hailing services, ergonomic designs, eco-friendly materials, and regulatory compliance. Major trends include magnetic solutions, smart features, and safe usage drive.
What Are the Key Drivers Behind the Growth of the Car Phone Holder Market?
The growth of ride-sharing services is expected to drive the demand for car phone holders. As ride-sharing services increase, particularly in the UK, where the number of licensed taxis and private hire vehicles rose by 11% in 2023, there is a growing need for secure phone holders for navigation and communication. This is driving the demand for car phone holders in the automotive market.
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Who Are the Major Industry Players Fueling Car Phone Holder Market Expansion?
Major companies operating in the car phone holder market are Belkin International Inc., Nite Ize, Scosche Industries Inc., Amkette, Baseus, Amzer Inc., Brodit AB, Arkon Resources Inc., RAM Mounting Systems Inc., Macally, Kenu, MPOW Innovations Limited, WizGear.com, TechMatte Inc., Shenzhen DIVI Technology Co, Ltd. (Ainope), Bestrix, Olixar, Portronics Digital Private Limited., ZAAP, National Products Inc., Koomus, iOttie, Insten Solutions LLP, The Joy Factory, Mirakase International Limited, Humixxus
Which Key Developments Are Influencing the Car Phone Holder Market?
Major players in the car phone holder market emphasize creating unique and innovative designs, such as offering two mounting options, to gain a competitive edge. These two mounting options allow the holder to be installed either on the rear-view mirror or via a vent clamp, offering flexible positioning-either horizontally for dash cam use or vertically for navigation purposes. For example, in February 2024, SmartAdditions, Inc., a consumer products company from the US, introduced the Lounge-IT car phone holder. This product is designed for one-handed convenience and enhanced security, featuring a combination of magnetic technology and fold-out rests to prevent slipping, ensuring phones stay securely in place while driving. The Lounge-IT offers two magnet areas that do not interfere with wireless charging, enabling easy attachment of a required metal plate. The product provides two mounting options: one is a rear-view mirror arm mount that positions the phone at eye level for safer navigation, and the other is a vent clamp mount for dashboard installation.
How Is the Segmentation of the Car Phone Holder Market Defined?
The car phone holder market covered in this report is segmented -
1) By Product Category: Magnetic, Cradle Or Spring
2) By Mounting Type: Sticky Pad, Car Air Vent Clip, Suction Pad, Other Mounting Types
3) By Category: Wireless Charging, Regular
4) By Distribution Channel: Store-Based, Non-Store-Based
Subsegments:
1) By Magnetic: Magnetic Mount Holders, Magnetic Dashboard Mounts
2) By Cradle Or Spring: Cradle Holders, Spring-Loaded Holders
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What Is the Leading Region in the Car Phone Holder Market?
North America was the largest region in the car phone holder market in 2024. The regions covered in the car phone holder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Car Phone Holder Global Market Report?
- Market Size Analysis: Analyze the Car Phone Holder Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Car Phone Holder Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Car Phone Holder Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Car Phone Holder Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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