Press release
Global Mobile Accessories Market Share Projected to Surpass $352.3 Billion by 2029 with 6.6% Annual Growth
Mobile Accessories Market Share
The escalating demand for smartphones is predicted to spur the development of the mobile accessories Market Share. A smartphone is a handheld device that fuses mobile phone capabilities with personal computer features. Mobile accessories augment the functionality and usability of smartphones, offering extra characteristics, protection, and customization choices. For example, Uswitch Limited, a finance authority based in the UK, noted that starting 2022, there were 71.8 million mobile connections in the UK in November 2023, showing a 3.8% increase (approximately 2.6 million connections) relative to 2021. Forecasts suggest that the UK's population will reach 68.3 million by 2025, with an estimated 95% (roughly 65 million people) being smartphone owners. Thus, this growing demand for smartphones is propelling the mobile accessories Market Share's growth. The rise of the e-commerce sector is projected to fuel the advancement of the mobile accessories Market Share. E-commerce, or electronic commerce, pertains to the online purchasing and selling of goods and services. These digital platforms offer a wide array of mobile accessories from different brands and sellers, often competitively priced, enabling easy comparison and convenient shopping at home. For example, the Boston Consulting Group Inc., a consulting firm based in the US, stated that in October 2023, e-commerce sales in Europe grew by 3%, with a 7% increase in the US and Asia in 2022. Similarly, the global annual growth in e-commerce is predicted to rise by 9% by 2027. Therefore, the burgeoning e-commerce sector will contribute to the expansion of the mobile accessories Market Share.
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What is the projected compound annual growth rate (CAGR) of the mobile accessories Market Share from 2025 to 2034, and what factors influence it?
In recent times, the mobile accessories Market Share has expanded considerably. It is projected to surge from $252.92 billion in 2024 to $273.07 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. This remarkable growth in the historical period has been triggered by factors such as the widespread use of smartphones, fashion and personalization trends, growth of e-commerce, escalating concerns about mobile device durability, and advancement in multi-function integration.
Anticipations are high for robust expansion in the mobile accessories Market Share in the coming years. It is projected to reach $352.3 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.6%. The surge during this forecast period can be credited to the increasing popularity of gaming accessories, the integration of augmented reality (AR) and virtual reality (VR), an emphasis on eco-friendly and sustainable accessories, health and fitness tracking accessories, and enhancements in smartphone cameras. The forecast period will also see significant trends such as fast-paced product innovation, the adoption of 5G technology, the rise of wireless technology, technological advancements, and wireless charging technology.
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How are the latest trends influencing the growth of the mobile accessories Market Share?
Top-notch companies competing in the mobile accessories Market Share are shifting their attention towards developing ecologically friendly mobile accessories to get ahead in the Market Share. These are mobile accessories crafted with an emphasis on environmental sustainability, using eco-friendly materials and methods that reduce environmental damage. For example, in August 2023, Samsung Electronics Co. Ltd., a firm from South Korea manufacturing appliances, unveiled the Samsung Eco-Friends range. This range is built around eco-minded values and distinct designs. The accessories are crafted from reused materials and suitable for multiple Samsung devices like Galaxy Z Flip5, Z Fold5, Tab S9, Watch6, Buds2 Pro, and the Freestyle mobile projector. This series also incorporates charming characters and designs, including tie-ups with renowned brands and artists like TOILETPAPER, Keith Haring, Disney, Marvel, and more.
What are the major segments of the mobile accessories Market Share and their role in driving growth?
The mobile accessories Market Share covered in this report is segmented -
1) By Type: Earphones Or Headphones, Charger, Power Bank, Protective Cases, Other Types
2) By Price Range Outlook: Premium, Medium, Low
3) By Sector: Residential, Commercial, Industrial, Retail, Hospitality, Health Care
4) By Distribution Channel: Online, Offline
Subsegments:
1) By Earphones or Headphones: Wired Earphones Or Headphones, Wireless Earphones Or Headphones, Noise-Cancelling Earphones OrHeadphones, Bluetooth Earphones Or Headphones
2) By Charger: Wired Chargers, Wireless Chargers, Fast Chargers, Car Chargers
3) By Power Bank: Portable Power Banks, Solar Power Banks, High-Capacity Power Banks, Compact Power Banks
4) By Protective Cases: Hard Cases, Soft Cases, Wallet Cases, Battery Cases, Waterproof Cases
5) By Other Types: Screen Protectors, Stylus Pens, Mobile Stands And Holders, Bluetooth Speakers, PopSockets And Grips
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Which regions are key players in the growth of the mobile accessories Market Share?
North America was the largest region in the mobile accessories Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile accessories Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the mobile accessories Market Share?
Major companies operating in the mobile accessories Market Share report are Apple Inc., Google LLC, Samsung Electronics Co.Ltd., Huawei Technologies Co. Ltd., Sony corporation, Panasonic corporation, JBL, Western Digital Corporation, ASUSTeK Computer Inc., Emerson Electric Co, Signify Holding, Harman International, Logitech International S.A, Bose corporation, Anker Innovations Co. Ltd., Plantronics Inc., Sennheiser Electronics GMBH & Co. KG, Belkin International Inc., Skullcandy, HTC Corporation, Aukey, PopSockets, Incipio Group, Kenwood corp., X-Doria, Groovemade, Spigen Inc., OtterBox, TCL Communication, UE Boom
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What Is Covered In The Mobile Accessories Global Market Share Report?
•Market Share Size Forecast: Examine the mobile accessories Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile accessories Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the mobile accessories Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile accessories Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile accessories Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile accessories Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile accessories Market Share.
•Competitive Landscape: Review strategic developments in the mobile accessories Market Share, including expansions, agreements, and new product launches.
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