According to the report, “Mobile Accessories Market Size, Share & Trends Analysis Report By Product Type (Earphone/Headphone, Protective Cases), By Distribution Channel, By Region, And Segment Forecasts, 2019 - 2025”, the growing demand for latest smartphones and rise in popularity of mobile accessories stands pivotal for market development in the current scenario. Growing adoption of smartphone among teenagers is a major factor boosting the market demand.
Increasing quality and features of the smartphones with decreasing prices has led to an increase in the number of consumers for the product, which eventually increases the demand for safety and security of the phones. The consumer in the modern times don’t bother to go an extra mile to keep their phone safe, trendy, and vogue. Increasing internet penetration, coupled with artificial intelligence incorporated by the online retailers that gives pop-up notification to the users about the product, is also a prominent factor for the market growth.
The latest trend of fast chargers, high power banks and long-life batteries is on spree since a past few years as the population is on constant travel. In 2019, Zebronics introduced 10,000 mAh power bank that came with a triple USD 2.1A output designed specially for travelers. Innovation in wireless charging solutions have also reflected in better development of global market as there is a huge demand for small-sized bluetooth speakers with high outputs. Light earphones and sporty headphones are already ruling the market.
Further Findings From the Report Suggest:
Countries such as UAE and Saudi Arabia are projected to witness significant growth due to increasing demand for smartphones
The distribution channel, the online segment is anticipated to expand at a CAGR of 7.9% in the forecast period
Rise in young workforce is fueling the adoption of mobile accessories owing to the changing preferences in the consumer group. The demand for phone covers in the female population is relatively high, which in turn impacts the overall market growth
As compared with women, men population prefer changing their gears such as heaphones and chargers owing to the change in outlook
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Grand View Research has segmented the global mobile accessories market on the basis of product type, distribution channel, and region:
Mobile Accessories Product Type Outlook (Revenue, USD Billion, 2015 - 2025)
Earphones/Headphones
Charger
Power Bank
Protective Cases
Others
Mobile Accessories Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Online
Offline
Mobile Accessories Regional Outlook (Revenue, USD Billion, 2015 - 2025)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
India
Middle East & Africa
Saudi Arabia
Central & South America
Brazil
List of Key Players in Mobile Accessories Market:
Samsung
Apple
Harman International Inc
Belkin International Co
Groovermade Walnut
Powercore
UE Boom
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