Market Research Future published a research report on “Mobile Accessories Market Research Report – Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
The growing sales, as well as, the use of smartphones and other hand-held mobile devices with a strong distribution network, has spurred the demand for different mobile accessories globally. The new research report about the global Mobile Accessories Market size is expected to grow from USD 3,625.79 million in 2017 to USD 6,780.86 million by 2025, at a CAGR of 8.09%, during the forecast period.
Monitoring the market structure, this report mensurates the future growth potential of the market. It characterizes the strategies of the major market players in the market and aids the competitive developments like research & developments (R&D), new product developments, mergers & acquisitions, and joint ventures, in the market.
The foremost factor driving the growth of global mobile accessories market is the growing demand for protective accessories and wireless accessories. The protective accessories are meant to save a mobile device from physical damage. Such accessories include screen guards and tempered glass. The wireless accessories include Bluetooth headsets and wireless chargers. E-Commerce and internet banking also enhance market growth. However, the security issues in online shopping and user preference over mobile accessories can hamper market growth.
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The global mobile accessories market segmentation covers distribution channel, price range, product. MRFR is analyzing the features of these segments to understand market trends.
Regarding the distribution channel, this market has been segmented into online, offline, and others. Offline distribution channels segment has been sub-segmented into the single-brand store, multi-brand store, and others. Online distribution channels include eCommerce stores. Offline distribution channels primarily include normal retail shops.
In the context of the price range, the market has been segmented into premium, medium, and low. The product-based segmentation of the market covers headphone/earphone, protective cases, power bank, portable speakers, and others.
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.
Geographical outline of the global mobile accessories market covers Asia Pacific, Europe, North America, and Rest of the World (RoW).
Asia Pacific region dominates the global market due to the high number of smartphone and other handheld devices that are sold, as well as, used in China and India. Due to technological advancement and a strong economy, Japan also holds the potential of becoming an important country-specific market. The increasing number of mobile phone users and growing internet-based activities that include online shopping have opened avenues for market growth in the Asia Pacific region.
North America is the second-largest regional market due to the high number of smartphone users, technological advancement, presence of key market players, and easy availability of internet-based services in this region. USA and Canada are the two strongest economies in this region that can generate maximum revenue in this market.
During the forecast period, Europe is expected to register healthy market growth due to the increasing demand for mobile phones and mobile accessories. The strongest economies in this region that can be lucrative are France, Germany, and the UK.
The RoW segment covers the Middle East & Africa (MEA) region. In the MEA region, the market is meager due to the limited availability of technology.
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