Mobile Phone Accessories Market Research Report By Product Type (Chargers, Cases and Covers, Headsets and Earphones, Power Banks, Screen Protectors), By Distribution Channel (Online, Offline, Multichannel), By Price Range (Low-End, Mid-Range, High-End), By Target Audience (Millennials, Gen X, Baby Boomers), By Application (Personal Use, Business Use, Gaming) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.

Global Mobile Phone Accessories Market Overview

Mobile Phone Accessories Market Size was estimated at 167.72 (USD Billion) in 2022. The Mobile Phone Accessories Market Industry is expected to grow from 186.08(USD Billion) in 2023 to 474.3 (USD Billion) by 2032. The Mobile Phone Accessories Market CAGR (growth rate) is expected to be around 10.95% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Mobile Phone Accessories Market Trends Highlighted

The Mobile Phone Accessories Market has shown positive signs of growth due to the rising use of smartphones and the increasing demand for advanced features. Factors supporting this market include the increasing popularity of wireless chargers, the implementation of the fifth generation of mobile networks, and a growing trend towards smartwatches and fitness devices.

Within the targeted market, there is potential to widen the scope by venturing into new markets, developing new charging methods, or creating accessories aimed at improving the security and privacy facets of smartphones. Increasing usage of artificial intelligence (AI) in accessories, growth in the trend of eco-friendly accessories, and advancement in the trend of customized accessories are some of the major trends that will impact the market.

Mobile Phone Accessories Market Drivers

Growing Demand for Mobile Phones

The increasing demand for mobile phones is one of the primary drivers of the growth of the  Mobile Phone Accessories Market Industry. The widespread adoption of smartphones and the increasing affordability of mobile devices have led to a surge in the number of mobile phone users ly. As the number of mobile phone users continues to grow, the demand for mobile phone accessories such as cases, screen protectors, chargers, and headphones is expected to increase in tandem.The growing popularity of mobile gaming and the use of mobile phones for entertainment purposes are also contributing to the growth of the market.

Technological Advancements

The rapid advancements in technology are another major driver of the growth of the  Mobile Phone Accessories Market Industry. The development of new and innovative mobile phone accessories is constantly expanding the range of options available to consumers. For example, the introduction of wireless chargers, smartwatches, and fitness trackers has created new opportunities for growth in the market. Additionally, the integration of advanced features such as artificial intelligence (AI) and augmented reality (AR) into mobile phone accessories is expected to further drive market growth in the coming years.

Changing Consumer Preferences

The growth of the  Mobile Phone Accessories Market Industry is also being driven by changes in consumer preferences. Consumers are now looking for accessories for their mobile phones that are both practical and stylish, as well as personalized to reflect their own unique sense of style. Some of the most rapidly growing demands are for similar items, such as stylish phone cases designed by top designers and premium-quality headphones. Also, the popularity of online shopping is continuously increasing, meaning that consumers are now able to easily find and buy mobile phone accessories from around the world.

Mobile Phone Accessories Market Segment Insights

Mobile Phone Accessories Market Product Type Insights

The  Mobile Phone Accessories Market segmentation by product type comprises chargers, cases and covers, headsets and earphones, power banks, and screen protectors. Of these, chargers held the largest revenue share in 2023, owing to the increasing demand for fast and wireless charging solutions. Meanwhile, cases and covers are projected to witness the highest CAGR growth during the forecast period, as they have become an integral part of smartphones and cable phones, in addition to being an accessory. In addition, rising consumer demand for personalized, protective phone covers is another factor that will propel segmental growth.Meanwhile, headsets and earphones are expected to account for a significant share of the market, as the market is witnessing rapid adoption of wireless earbuds and headphones. Moreover, power banks are anticipated to gain traction in the coming years as the use of smartphones and tablets continues to grow. At the same time, a steady growth rate is expected for the screen protectors segment, as the accessory helps protect smartphone screens from scratches and breakage.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Mobile Phone Accessories Market Distribution Channel Insights

The distribution channel segment plays a crucial role in the  Mobile Phone Accessories Market. In 2023, the online channel held the largest market share due to the convenience and wide selection of products it offers. The  Mobile Phone Accessories Market is segmented into online, offline, and multichannel distribution channels. The online channel is projected to maintain its dominance in the coming years, driven by the increasing popularity of e-commerce and the growing number of smartphone users. The offline channel, which includes brick-and-mortar stores and specialty retailers, is expected to witness steady growth, supported by the increasing demand for mobile phone accessories in emerging markets.The multichannel distribution channel, which combines both online and offline channels, is also gaining traction, as it offers customers the flexibility to purchase products through their preferred channels.

Mobile Phone Accessories Market Price Range Insights

The  Mobile Phone Accessories Market is segmented by price range into low-end, mid-range, and high-end. The low-end segment is expected to account for the largest market share in 2023, with a valuation of USD 65.23 billion. This segment is driven by the growing demand for affordable accessories, such as chargers, cases, and screen protectors. The mid-range segment is expected to grow at a CAGR of 11.5% over the forecast period, reaching a valuation of USD 78.45 billion by 2032. This growth is attributed to the increasing popularity of mid-priced smartphones and the growing disposable income of consumers.The high-end segment is expected to account for a valuation of USD 41.7 billion in 2023 and is projected to grow at a CAGR of 10.5% over the forecast period. This growth is driven by the increasing demand for premium accessories, such as wireless chargers, smartwatches, and VR headsets.

Mobile Phone Accessories Market Target Audience Insights

The  Mobile Phone Accessories Market segmentation by Target Audience can be divided into Millennials, Gen X, and Baby Boomers. Millennials, born between 1981 and 1996, are the largest generation in history, with a population of over 2 billion. They are known for their tech-savvy and are early adopters of new technologies. As a result, they are a key target audience for mobile phone accessories manufacturers. Gen X, born between 1965 and 1980, is the second-largest generation, with a population of over 1 billion. They are known for their practicality and value for money.As a result, they are more likely to purchase mobile phone accessories that are functional and affordable. Baby Boomers, born between 1946 and 1964, are the oldest generation and have a population of over 700 million. They are known for their brand loyalty and are more likely to purchase mobile phone accessories from established brands. The  Mobile Phone Accessories Market revenue is expected to reach $474.3 billion by 2032, growing at a CAGR of 10.95%. The market is segmented by product type, distribution channel, and target audience.

Mobile Phone Accessories Market Application Insights

The application segment plays a crucial role in shaping the  Mobile Phone Accessories Market landscape. Personal Use accounts for a significant portion of the market, driven by the widespread adoption of smartphones and the growing demand for protective cases, screen protectors, and other accessories to enhance device functionality and aesthetics. In 2023, the Personal Use segment is estimated to be valued at around USD 96.4 billion, with a projected market size of USD 204.5 billion by 2032, exhibiting a CAGR of 9.2%. Business Use also holds a substantial market share, fueled by the increasing penetration of mobile devices in corporate environments.Accessories such as rugged cases, power banks, and headsets are in high demand among professionals seeking reliable and efficient solutions for mobile communication and productivity. The Business Use segment is anticipated to reach a market value of USD 67.5 billion by 2032, expanding at a CAGR of 8.3%. Gaming is another notable application segment, driven by the surge in mobile gaming and the need for specialized accessories to enhance the gaming experience. Gaming-specific accessories, such as gaming controllers, headsets with immersive audio, and cooling fans, are gaining popularity among mobile gamers.The Gaming segment is projected to witness a robust growth trajectory, with a market size estimated to reach USD 45.2 billion by 2032, exhibiting a CAGR of 11.2%.

Mobile Phone Accessories Market Regional Insights

The regional segmentation of the  Mobile Phone Accessories Market offers a comprehensive understanding of the market's performance across various regions. North America is expected to account for a significant share of the market in 2023, driven by factors such as high smartphone penetration, rapid technology adoption, and the presence of key industry players. Europe follows closely behind, with a strong market presence and a growing demand for advanced mobile phone accessories. The APAC region is projected to witness substantial growth over the forecast period, fueled by the increasing adoption of smartphones and the expanding middle class in developing countries.South America and MEA are also expected to contribute to the overall market growth, with increasing disposable income and rising consumer spending on mobile phone accessories.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Mobile Phone Accessories Market Key Players And Competitive Insights

Since the inception of the Mobile Phone Accessories Market, the major players have been engaging in dynamism to gain a much-needed competitive advantage. In this case, to stay ahead of the competition, players in this industry have been employing innovation, forming strategic partnerships, expanding their geographical coverage, and engaging in research and development to enhance the value that comes with their product portfolio. Once to attain a competitive advantage, the players in the market serve their customers through technology. At the time being, advanced innovations such as wireless charging, noise cancellation, and artificial intelligence are some of the ways that the leading players in this market use to stay afloat in the competition. Another trend that can be observed in the Mobile Phone Accessories Market is the inclination toward customization. In this case, the market players create bespoke solutions such as personalized jellies and accessories. The move ensures buyer preference and loyal to specific products. Lastly, it can be noted that the increasing popularity and convenience of online stores have spurred the Mobile Phone Accessories Market into providing the modern-day buyer with an array of choices that are accessible with just the click of a button.Samsung leads the pack in the Mobile Phone Accessories Market. The company is among the leading producers of reliable and high-quality smartphones and accessories. In this case, Samsung capitalizes on this to ensure that their Samsung Mobile Phone Accessories are high in quality and serve the intended purpose. For this reason, the chargers for Samsung phones, as well as phone cases, headphones, and other peripherals offered in the Samsung Mobile Phone Accessories Market, tend to meet the set quality threshold. Additionally, the actual mobile phone marketed by Samsung is often tailored to interact with these add-on products and comes with additional reasons to make a purchase. The company leverages its brand and good name. Moreover, the company has a strong and well-established distribution network. Lastly, Samsung often forms partnerships with other companies to market exclusive Samsung Mobile Phone Accessories or accessories offered as part of a Samsung promotional package. In doing so, the company enjoys economies of scale and enhanced coverage to increase sales in this category.Anker is a company that harvests the replete opportunities in the Mobile Phone Accessories Market. The prevalence of mobile phones among families and individuals created an opportunity that Anker has grasped. The company mainly focuses on charging solutions, but it also offers other accessories. Over the years, Anker has gained popularity as an affordable and reliable brand. As such, the company has gained popularity across social strata in the population, which has significantly increased its market share. The company also embraces technology by identifying consumer needs and designing products that address these needs. Lastly, Anker has developed a strong online presence, which has allowed it to reach its customer base all around the world.

Key Companies in the Mobile Phone Accessories Market Include

• Zagg


• Apple


• Spigen


• Anker Innovations


• Samsung


• Mophie


• Casetify


• Twelve South


• Xiaomi


• Logitech


• ESR


• OtterBox


• Incipio


• UAG


• Belkin

Mobile Phone Accessories Market Industry Developments

The  Mobile Phone Accessories Market is anticipated to reach a valuation of USD 186.08 billion by 2023, expanding at a CAGR of 10.95% from 2024 to 2032. The rise in smartphone adoption and the growing popularity of wireless charging technology are major factors driving market growth. Additionally, increasing demand for protective cases and covers to safeguard devices from damage is contributing to market expansion. The market is expected to witness significant growth in the Asia-Pacific region due to the presence of a large consumer base and increasing disposable income. Strategic partnerships and collaborations among key players are also shaping the competitive landscape of the market.

Mobile Phone Accessories Market Segmentation Insights

• Mobile Phone Accessories Market Product Type Outlook
  
  
  
  • Chargers
  
  
  • Cases and Covers
  
  
  • Headsets and Earphones
  
  
  • Power Banks
  
  
  • Screen Protectors
  
  
  
  


• Mobile Phone Accessories Market Distribution Channel Outlook
  
  
  
  • Online
  
  
  • Offline
  
  
  • Multichannel
  
  
  
  


• Mobile Phone Accessories Market Price Range Outlook
  
  
  
  • Low-End
  
  
  • Mid-Range
  
  
  • High-End
  
  
  
  


• Mobile Phone Accessories Market Target Audience Outlook
  
  
  
  • Millennials
  
  
  • Gen X
  
  
  • Baby Boomers
  
  
  
  


• Mobile Phone Accessories Market Application Outlook
  
  
  
  • Personal Use
  
  
  • Business Use
  
  
  • Gaming
  
  
  
  


• Mobile Phone Accessories Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa