Mobile Accessories Industry Report: Information by Price Range (Premium, Medium, and Low), by Product (Headphone, Protective Cases, Power Bank, Portable Speaker, and Others), by Distribution Channel (Online and Offline), and by Region (North America, Europe, Asia-Pacific, and the Middle East & Africa)— Forecast till 2025
Mobile Accessories Industry Insights:
The large-scale penetration of mobile phones has boosted the sales of mobile accessories in the recent times. The increased product offerings in the Mobile Accessories Industry are set to accelerate demand generation over the next few years. Market Research Future (MRFR) has revealed in its latest report that the Mobile Accessories Industry is set to proliferate at 6% CAGR during the forecast period 2016 to 2022. The report also prognosticates that the market valuation will reach USD 104 Bn by the end of 2022.
Product innovation has been the key driver of demand in recent times and is likely to continue generating demand across the assessment period. The expansion of product line for enhancing the user experience with earphones, turbochargers, power banks, etc. will accelerate the market growth over the next few years. Furthermore, the products being made available in the Mobile Accessories Industry for safeguarding the expensive smartphones will encourage the market expansion.
The dependence on mobile phones coupled with the adoption of digitalization will favor the market growth and expansion. Furthermore, the growth in e-commerce and e-banking industries are also expected to boost the growth of the mobile accessories market. The efficiency and convenience offered by the wireless mobile accessories such as Bluetooth headsets, and, wireless charger among others will catalyze the revenue generation of the market.
The factors responsible for hampering the global accessories market growth and expansion are user preference over mobile accessories and security issues in online shopping.
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Asia Pacific leads the Mobile Accessories Industry with the highest market share. Emerging economies like China and India have a massive surplus demand for smartphones and cater to the rising demand for mobile accessories. The presence of multiple top manufacturers in countries like China, Taiwan, South Korea, and Japan cater to the increasing demand of mobile accessories, subsequently contributing to the market share of the region.
North America is the second largest market for mobile accessories due to the high disposable income of the majority of the population in the U.S. and Canada. The U.S. is a technological groundbreaker and has an enormous demand for advanced products such as portable speakers, high capacity power banks, and wireless earphones and headphones
Europe is predicted to be the third largest market for mobile accessories. The presence of a massive number of developed countries in Europe and the increasing number of smartphone users among the population is raising the demand for mobile accessories such as power banks, Bluetooth earphones and headphones, and display protectors.
The prominent players in the market of Mobile Accessories are- Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), Apple Inc. (U.S.), JVC Kenwood Corp. (Japan), Plantronics, Inc. (U.S.), Bose Corporation (U.S.), Griffin Technology (U.S.), Otter Products, LLC (U.S.), Sennheiser Electronics GmbH & Co. KG (Germany) among others.
The mobile accessories market is segmented by products, distribution channel, price, and region. By products, the market is segmented into headphones/earphones, protective cases, power banks, and portable speakers, among others. The market is segmented by distribution channel into online and offline. By price, the market is segmented into premium, medium, and low. The market is segmented by region into North America, Europe, Asia Pacific, and the rest of the world.
Portable speakers, power banks, and wireless earphones and headphones have the highest revenue generation among the product segments of the market.
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TABLE OF CONTENTS
Table Of Contents
1 Executive Summary
1.1 Market Attractiveness Analysis
1.2 Global Mobile Accessories Market, By Price Range
1.3 Global Mobile Accessories Market, By Product Type
1.4 Global Mobile Accessories Market, By Distribution Channel
1.5 Global Mobile Accessories Market, By Region
2 Market Introduction
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4 Market Insights
4.1 North America
4.4 Middle East & Africa
4.5 South America
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