Market Research Future published a research report on “Mobile Accessories Market Research Report – Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027
The mobile accessories market size is predicted to touch USD 6,780.6 million by 2025, as per the latest report by Market Research Future (MRFR). It can exhibit a remarkable CAGR over the forecast period (2020-2027). Mobile accessories are add-ons that accentuate the appearance of portable devices and reflect the style of the user. They are being sold in high number owing to the proliferation of online channels and expendable income levels of users. The COVID-19 outbreak and its impact on the market is covered in great detail.
Market Scope
The Mobile Accessories Market size can reach USD 6,780.86 million by 2025. It can display 8.09% CAGR over the forecast period.
The market is expected to experience heavy demand due to purchase of mobile phones. The hybrid work model practiced by modern consumers and the need for prompt action by corporations to cater to clients has led to a flurry of sales. Identification of right demographics due to spending levels can prove to be lucrative for manufacturers in the long run. Developments in power banks and increase in charging capacity has garnered heavy interest among multiple device users.
COVID-19 Impact
The COVID-19 pandemic did have an effect on the market in 2020 due to the pandemic restricting sale and transport of accessories. But the relaxation of norms and opening of consumer electronic shops can resurge sales of the market.
Key Players:
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 are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global mobile accessories market. The competitive landscape is huge for mobile accessories market which includes major manufacturers as well as suppliers around the globe. Increasing demand for the smartphone and tablets are one of the major driving factor fuelling the market.
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Mobile Accessories Global Market – Segmentation
Segmentation by Products: Headphone/earphone, Protective Cases, Power Bank, Portable Speakers among others
Segmentation by Distribution Channel: Online and Offline
Segmentation by Price: Premium, Medium and Low
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World
Mobile Accessories Global Market – Regional Analysis
India and China are some of the major demand generators for the mobile accessories market on the global scale. Increasing number of mobile phones in Asia Pacific region is one of the major region which helps the region to create huge demand for the mobile accessories products. Also, huge number of manufacturing companies in China, Taiwan and Japan is also helping the market of mobile accessories in Asia Pacific to hold the top position in the market. North America stood second highest market for mobile accessories due to high per capita income and presence countries such as of U.S and Canada in the region. U.S. being a technology leader creates huge demand for the products such as Bluetooth earphones and headphones, high capacity power banks and portable speakers. Europe is expected to be the third largest market for the mobile accessories. Presence of huge number of developed countries in Europe region and increasing number of smartphone users in the region is creating the demand for mobile accessories in Europe. Major demand from European countries for mobile accessories includes power banks, wireless connectivity enabled earphones and headphones and display protectors.
Table of Content:
- Introduction
- Mobile Accessories Market Segmentation
- Mobile Accessories Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- Geography
- Company Landscape
- Company Profiles
- Related Reports
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