Mobile Phone Accessories Market Channel Assessment
Mobile Phone Accessories Market Competitor Benchmarking
Mobile Phone Accessories Market Pricing and 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
Mobile phone accessories are generally designed to attach to, protect or complement a mobile phone and are well-accepted and fashionable accessories for various phones (including smartphones and feature phones). The requirement to protect smartphones or feature phones and as well as for other reasons, impelled the demand for mobile phone accessories all across the globe. Presently, 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 smartphone market is expected to attain remarkable growth due to rising necessity and online shopping trends. Significant reductions in selling prices of smartphones, the rising trend of online video streaming, and increasing access to social networking and related are likely to propel the demand for smartphones which will positively impact the growth of the 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, are anticipated to impel the growth of the global mobile phone accessories market between 2016 and 2023. The availability of trendy and fashionable mobile phone covers, stylish and colorful earphones, and rising battery and charger replacement prices 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 highest revenue share in the total revenue of the global mobile phone accessories market by region in 2015. Over the next few years, Latin America, the Middle East, and Africa, as well as the Eastern European mobile phone accessory market, are anticipated to prosper at a strong CAGR through 2023. This is due in large part to rising urbanization, changing demographics, and increasing personal disposable income in the mentioned regions.
The mobile phone accessories market has been estimated to be valued at US$ 60,420.0 million by the end of 2016 and is expected to attain revenue of US$ 93,011.2 million 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 to 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 and Buyers
Product Suppliers and Buyers
Research Institutes
Overall, the research study provides a holistic view of the global mobile phone accessories market in terms of growth, offering market size and estimates for the period from 2013 to 2023, keeping in mind the above-mentioned factors.
On the basis of the price range, the mobile phone accessory market is categorized into the following types:
Premium
Mid
Low
Escalation in global demand for reasonable mobile phones generated the requirements for such smartphones that are crucial for global mobile phone accessory manufacturers to prosper in the current scenario. The availability of some major international companies, as well as various small and local regional brands, has strengthened the growth of the global mobile phone accessory 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 and local players due to very low production costs and competitive pricing in the market.
On the basis of the price range, the global mobile phone accessories market is further bifurcated into premium, midrange, and low-priced mobile phone accessories. In 2015, the midrange segment contributed the most to the total revenue of the global mobile phone accessories market, followed by the premium segment, especially from developed regions such as North America and Europe. Thus, the aftermarket mobile phone accessories market is likely to be dominated by the 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 the Middle East and Latin American regions.
On the basis of product type, the mobile phone accessory market is categorized into the following types:
The global mobile accessories market is exemplified by availability and the 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 price, product, and quality in order to gain a significant market share in the mobile phone accessories market. The companies are investing in the planning and manufacturing of new, customized, and innovative accessories. A strong investment in research and development would be an essential strategy for the companies in order to survive in the competitive scenario of the global mobile phone accessory market.
The global mobile phone accessories market is also segmented on the basis of product types, such as mobile cases, chargers, power banks, batteries, mobile earphones and headphones, portable speakers, and others. Amongst this, mobile cases have been estimated to contribute more than 25% to the total mobile phone accessory market by the end of 2016. Following it, earphones and chargers are expected to mark the second and third positions in the overall revenue of the mobile phone accessory market in the same year. Rising customization in phone covers and an increasing variety of earphones and power banks are anticipated to fuel the growth of these segments in the next few years until 2023.
On the basis of sales channel, the mobile phone accessory market is categorized into the following types:
Multi-brand Store
Single-brand Store
Online Store
Innovations, higher demand, and trendy and stylish mobile phone accessories have fostered the growth of the mobile phone accessory market all over the world. The mobile phone accessory market is highly vibrant and dynamic due to regular launches of new accessories such as power banks, earphones, speakers, and others with a wide variety of designs and at an affordable prices. The increase in demand for mobile phone accessories, as well as the major profit margins, have led various smartphone manufacturers to launch their own mobile phone accessories. On the basis of sales channels, the global mobile phone accessories market is divided into multi-brand stores, single-brand stores, and online stores. In 2015, multi-brand marked the highest revenue share in the global mobile phone accessory 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 decrease the popularity of physical stores in the years to come. By 2023, different varieties of products at a discounted price available on one platform provided by different e-retail companies are likely to fuel the growth of the online store segment, especially in Asia, Latin America, and the Middle East.
Recent Developments
CASETiFY launches the 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 $82 USD up to $349 USD, they aim to delight their customers with different prices. PRNewswire
DJI launches the new Osmo Mobile 6 phone gimbal
DJI has released the Osmo Mobile gimbal and updated it with the Quick Launch feature, which makes it three times more efficient to set up than the previous model. The new features in the improved gimbal have an accessible screen that reveals the modes and battery life. There's also a side wheel for controlling the focus and zoom to allow for cinematic shots. tech advisor
Frequently Asked Questions:
The market for Mobile Phone Accessories Market is expected to reach US$ 93,011.2 Mn in 2023.
The Mobile Phone Accessories Market is expected to see significant CAGR growth over the coming years, at 6.4%.
