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Growth In Ride-Sharing Services Fuel The Car Phone Holder Market Growth: The Driving Engine Behind Car Phone Holder Market Evolution in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Car Phone Holder Market Size Growth Forecast: What to Expect by 2025?
The market size of car phone holders has seen a robust growth in the previous years. Its expansion is projected from $1.1 billion in 2024 to $1.18 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.3%. Factors contributing to this historical growth include more people using smartphones while driving, increasing awareness about road safety and adherence to hands-free laws, the need for easier access to mobile devices in vehicles, the growth of ride-sharing and navigation apps, the creation of flexible and adjustable holder models, and an increase in long-haul commuting and travel.
How Will the Car Phone Holder Market Size Evolve and Grow by 2029?
Anticipations are high for significant enlargement in the car phone holder market over the coming years, with projections estimating a market worth of $1.56 billion by 2029, accounting for a compound annual growth rate (CAGR) of 7.1%. Factors contributing to the growth during the forecast period include the acceptance of features like wireless charging in phone holders, adjustable options to accommodate varying cars' interiors and phone dimensions, the rising prominence of car-sharing and ride-booking platforms, the emphasis on creating user-friendly and ergonomic designs, and the growth of online shops selling car accessories. Other factors promoting market growth are the use of environmentally friendly and sustainable materials, adherence to regulations, and guidelines against distracted driving. Remarkable trends projected during the forecast tenure covers the embracing of multipurpose mounting configurations, expansion in magnet-based solutions, wireless charging integration, eco-friendly material use, smart feature inclusion, and a growing stress on usage safety.
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What Drivers Are Propelling the Growth of Car Phone Holder Market Forward?
The advancement of ride-sharing services is anticipated to push the expansion of the car phone holder market. These services are platforms that encourage shared usage of resources or services between people or organizations, leading to enhanced efficiency and cooperation. The surge in ride-sharing services stems from urban growth, ease of use, cost efficiencies, and progression in mobile technology. This surge prompts higher demand for car phone holders as both drivers and passengers require reliable phone mounts for navigation and interaction. For instance, reports from the UK government website Gov.UK in July 2023 indicated that England had 289,400 licensed taxis and private hire vehicles (PHVs) in 2023, showing an 11.0% increase from 2022. This surge was largely attributed to a 14.6% escalation in PHV numbers while licensed taxis in London experienced a 3.4% growth. Therefore, the rising trend in ride-sharing services is instrumental in fueling the growth of the car phone holder market.
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Which Emerging Trends Are Transforming the Car Phone Holder Market in 2025?
Leading firms in the car phone holder market are concentrating their efforts on creating innovative and distinct designs, such as double mounting alternatives, to achieve a competitive edge. The two mounting possibilities allow for the holder to be affixed to either the rear-view mirror or a vent clamp, providing versatile positioning-either horizontal for dashboard camera use or vertical for navigation. For instance, in February 2024, the consumer product corporation SmartAdditions, Inc., based in the USA, introduced the Lounge-IT car phone holder, an innovative design focusing on single-handed ease-of-use and increased security. This creative product features a design that merges magnetic technology with fold-out rests to eliminate slipping, ensuring phones remain securely in position while on the move. The Lounge-IT includes two magnetic areas that do not intrude with wireless charging functions, enabling the easy affixation of the necessary metal plate. The mounting options provided by it include attaching to the arm of a rear-view mirror, positioning the phone for safer navigation at eye level, and a vent clamp mount for placement on the dashboard.
What Are the Key Segments in the Car Phone Holder Market?
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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Who Are the Key Players Shaping the Car Phone Holder Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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