Actionable Insights With this report
- Mobile Phone Accessories Market Growth Strategy
- Mobile Phone Accessories Market Channel Assessment
- Mobile Phone Accessories Market Competitor Benchmarking
- Mobile Phone Accessories Market Pricing & Portfolio Strategy
- Mobile Phone Accessories Route to Market
- Mobile Phone Accessories Market Process optimization
- Mobile Phone Accessories Market Retail Tech Adoption Strategy
- Mobile Phone Accessories Market Due Diligence
The mobile phone accessories are generally designed to attach to, or protect or complement a mobile phone, are well-accepted and fashionable accessories for various phones (including smartphones and featured phones). The requirement to protect smartphone or featured phones and as well as for other reasons impelled the demand for mobile phone accessories all across the globe. Presently, the mobile phone accessories are highly demanded by smartphone users all across the globe. The mobile phone accessories market is majorly dependent upon the penetration of smartphones all over the world. Over the next few years, the smartphones market is expected to attain a remarkable growth due to rising necessity and online shopping trends. Significant reduction in selling prices of smartphones, rising trend of online video streaming, increasing access of social networking and related is likely to proper the demand for smartphones which will positively impact the growth of mobile phone accessories market during the forecast period.
Increasing movement of people from rural to urban areas, rising disposable income of households and changing lifestyles especially in Asian countries such as China, India and Indonesia is anticipated to impel the growth of global mobile phone accessories market between 2016 and 2023. Availability of trendy and fashionable mobile phone covers, stylish and colorful earphones, rising battery and charger replacements will stimulate the demand for mobile phone accessories across the globe in the next few years. Asia Pacific mobile phone accessories market dominated with the maximum revenue share in the total revenue of global mobile phone accessories market by region in 2015. Over the next few years, Latin America and Middle East & Africa as well as Eastern European mobile phone accessories market is anticipated to prosper at a strong CAGR till 2023. This is majorly due to rising urbanization along with changing demographics and increasing personal disposable income in the mentioned regions.
Mobile Phone Accessories market has been estimated to be valued at US$ 60,420.0 Mn by the end of 2016 and is expected to attain revenue of US$ 93,011.2 Mn by 2023, expanding at a CAGR of 6.4% during the forecast period 2016-2023.
Purpose of the Report
The purpose of this strategic research study titled “Global Mobile Phone Accessories Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global mobile phone accessories market.
Target Audience
- Industry Investors
- Research Professionals
- Emerging Companies
- Raw Material Suppliers/ Buyers
- Product Suppliers/ Buyers
- Research Institutes
USP and Key Offerings
The report titled “Global Mobile Phone Accessories Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global mobile phone accessories market along with the market size and estimates for the duration 2013 to 2023. The said research study covers in-depth analysis of multiple market segments based on sales channel, product type, price range and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading mobile phone accessories vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
- Current and future market trends to justify the forthcoming attractive markets within mobile phone accessories industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 3-Year market size data (2013 – 2015)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global mobile phone accessories market, of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above mentioned factors.
Segmantation:
On the basis of price range, the mobile phone accessories market is categorized into following types:
Escalation in global demand for reasonable mobile phones generated the requirements for such smartphones that are crucial for global mobile phone accessories manufacturers to prosper in current scenario. The availability of some of major international companies as well as various small and local regional brands has strengthened the growth of global mobile phone accessories market over the past few years. Over the next few years, the global mobile phone accessories market is anticipated to be dominated by various regional/local players due to very low production cost as well as competitive pricing in the market. On the basis of price range, the global mobile phone accessories market is further bifurcated by premium, mid and low range of mobile phone accessories. In 2015, the mid range contributed highest in the total revenue of global mobile phone accessories market, followed by it the premium range segment especially from developed regions such as North America and Europe. Thus, the aftermarket mobile phone accessories market is likely to be dominated by mid range segment over the period 2016-2023. The low priced mobile phone accessories manufactured by regional players are expected to be highly popular in Asian countries and in Middle East and Latin American region.
On the basis of product type, the mobile phone accessories market is categorized into following types:
- Mobile Cases
- Chargers
- Mobile Earphones & Chargers
- Battery
- Portable Speakers
- Power Banks
- Others
The global mobile accessories market is exemplified by availability and presence of strong competition among the existing companies (both international and local/regional players). In the mobile phone accessories segment, the conglomerates are competing on the basis of differentiation in the price, product, and quality in order to gain the significant market share in the mobile phone accessories market. The companies are investing in planning and manufacturing of new, customized and innovative accessories. The strong investment in research and development would be an essential strategy by the companies in order to survive in the competitive scenario of global mobile phone accessories market. The global mobile phone accessories market is also segmented on the basis of product type such as mobile cases, chargers, power banks, battery, mobile earphones and headphones, portable speakers and others. Amongst this, mobile cases have been estimated to contribute more than 25% in the total mobile phone accessories market by end of 2016. Followed by it, earphones and chargers expected to mark second and third position in the overall revenue of mobile phone accessories market in the same year. Rising customization in the phone covers, increasing variety of earphones and power banks is anticipated to fuel the growth of these segments in the next few years till 2023.
On the basis of sales channel, the mobile phone accessories market is categorized into following types:
- Multi-brand Store
- Single-brand Store
- Online Store
Innovations, higher demand and trendy & stylish mobile phone accessories have fostered the growth of mobile phone accessories market in all over the world. The mobile phone accessories are highly vibrant and dynamic due to regular launches of new accessories such as power banks, earphones, speakers, and other with wide variety of designs and at an affordable price. The increase in demand for mobile phone accessories as well as the major profit margins has led various smart phone manufacturers to launch their own mobile phone accessories. On the basis of sales channel, the global mobile phone accessories market is divided into multi-brand store, single-brand store and online store. In 2015, multi-brand marked the highest revenue share in the global mobile phone accessories market. With the increasing broadband penetration and higher online shopping trends prevailing in various countries, the online store segment is expected to contribute significantly during the forecast period. This would decline the popularity of physical stores in the years to come. Different variety of products at a discounted price available at one platform provided by different e-retail companies is likely to fuel the growth of online store segment especially in Asia, Latin America and Middle East region as well by 2023.
Recent Developments
CASETiFY launches Bounce Case for iPhone 14: the world's most protective phone case is also the most fashionable one
Bounce Case, a phone case company, will start carrying other products because their fans expect to buy more of their products. They sell unique phone cases for iPhones and will think about what other products the people who buy their phones might also want. With prices ranging from $82USD up to $349USD, they aim to delight their customers with different prices. PRnewswire
DJI launches new Osmo Mobile 6 phone gimbal
DJI has released Osmo Mobile gimbal and updated it as Quick Launch feature which makes it three times more efficient to set up than the previous model. The new features in the improved gimbal have an accessible screen which reveals the modes and battery life on hand. There’s also a Side Wheel for controlling the focus and zoom to allow for cinematic shots. techadvisor
