Mobile Accessories are undergoing a major demand amongst the consumers as there is a rise in the number of mobile users who are always up for modifications. During the forecast period of 2022-2030, the Mobile Accessories Market is expected to grow at a CAGR of 8.30%. With this rate, the Mobile Accessories Market is expecting a stupendous market valuation that stands at USD 310.4 Billion by the end of the forecast period in 2030.
Mobile Accessories are not a part of the system, specifications, or mobile features. These can be recognized as any kind of hardware that is not a part of the mobile phone or devices’ operation generated by the manufacturer’s end. These kinds of accessories include a variety that supports the proper functioning of mobile phones and similar devices. Some of the components of the mobile accessories include mobile chargers, screen guards and screen protectors, BlueTooth headsets, headphones, earphones, phone covers, protective cases, data cables, power banks, USB cables, and adapters, amongst others.
COVID 19 Analysis
The novel coronavirus pandemic has pushed the government to impose strict restrictions in the form of lockdown. The corporates and educational institutes have adopted the work-from-home scenario and online classes. This has increased the demand for mobile phones and similar electronic devices. Maintaining the quality of these phones and not hamper the original parts as assembled by the manufacturers is pushing mobile users to opt for the mobile accessories market trends. Hence, the pandemic has introduced positive attributes for the Mobile Accessories Market growth during the pandemic followed by the forecast period of 2021-2030.
Numerous factors will help in propelling the global growth of the market during the forecast period. There is a growing need for protective accessories that will protect the basic yet important and expensive features of the phone. For example, the screen guards and tampered glasses help in protecting the original phone screen from any physical damage. Also, the Mobile Accessories Market is witnessing a mushrooming need for wireless mobile accessories like wireless chargers that support quick charging and BlueTooth headsets in verticals like e-commerce and e-banking.
One of the major restraints that the Mobile Accessories Market is facing on the path of its growth during the forecast period of 2021-2030 is that there is excessive use of headphones and earphones. This is impacting the user’s hearing ability and other health concerns. The lack of standardization and the high risk related to privacy leak and misuse is restricting the Mobile Accessories Market and its operations globally.
As one of the major components of the Mobile Accessories Market, power banks are witnessing excellent momentum across the target audience that is distributed in various global regions. The main reason for this splendid rise and demand is the ease and convenience that is offered by these products. Also, technological features like long and reliable battery life have great convenience to offer to the target audience. Most of the business professionals, corporate employees, and students are largely demanding these products. Following the trends, the potential market investors are also on the lookout for both growth and investment opportunities based on technological advancements and are likely to present major aspects for growth during the forecast period that ends in 2030.
The mobile accessories market has been divided all across the globe based on the price range, product type, and distribution channel.
The mobile accessories market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. The largest market share in the mobile accessories market all across the globe is held by the Asia-Pacific region owing to increasing demand for smartphones and various other electronic devices in countries like India and China drive the market demand in this region.
The second-largest market share in the mobile accessories market all across the globe is held by the North American region owing to the presence of the most prominent major key players in this region. Moreover, a well-established consumer electronic market is another contributing factor that drives the market demand in this region during the review period.
The third-largest market share in the mobile accessories market all across the globe is held by the European region owing to the presence of several manufacturers of smartphones and other electronic devices in this region. Moreover, the presence of countries like Germany, Italy, France, and the UK also drives the market demand.
The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.
The most prominent major key players in the mobile accessories market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the mobile accessories market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the mobile accessories all across the globe.
The global mobile accessories market research report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the mobile accessories market in the global market along with the factors that restrict its growth in the global market. The impact of COVID 19 on the mobile accessories market all across the globe is mentioned. The future growth rate in the mobile accessories market during the forecasted period is estimated and mentioned.
Portable battery manufacturers, e-commerce and retail, phone case and display protector manufacturers, smartphone accessories suppliers, and accessories manufacturers.
|Market Size||USD 310.4 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Price Range, Product, Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), Apple Inc. (US), JVC Kenwood Corp. (Japan), Plantronics, Inc. (US), Bose Corporation (US), Griffin Technology (US), Otter Products, LLC (US), Sennheiser Electronics GmbH & Co. KG (Germany), Huawei Technologies Co., Ltd. (China), HTC Corporation (Taiwan), Lenovo Group Limited (China), ASUSTeK Computer Inc. (Taiwan), and TCL Communication (China)|
|Key Market Opportunities||Rich supply chain and growing reach of e-commerce in terms of making the product availability and delivery.|
|Key Market Drivers||
The growing demand for wireless mobile accessories such as Bluetooth headsets, the wireless charger is one of the crucial trends boosting the market of mobile accessories.
The market’s segmental analysis has included segments such as price range, product type, and distribution channel.
Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan) are the companies topping for grabbing the maximum share of the market.
The global market for the mobile accessories market will be growing in the forecast period from 2022 to 2030.
Asia-Pacific will be leading the market of the mobile accessories market during the forecast period.
headphone, protective cases, power bank, portable speaker, and others