The global mobile accessories market size is expected to reach USD 110.6 billion by 2025, expanding at a CAGR of 7.1% in the forecast period, according to a new report by Grand View Research, Inc. Growing smartphone usage among the millennials and frequent technological modification are among the prominent factors propelling the market growth.
On
the basis of product type, protective cases dominated the market with a share
of 31.3% in 2018. The fact that the young consumer group is conscious of safety
and security of their mobile phones is among the leading factors for the
segment growth. Increasing popularity of the protective screen glasses and
trendy covers in anticipated to drive the segment in the near future. Apart
from protective cases, headphone is expected to expand at the fastest CAGR of
7.6% in the forecast period. Increasing innovation in the product such as
introduction of wireless headsets, coupled with fitness conscious consumer
group, is driving the segment.
Based
on distribution channel, the offline segment dominated the mobile accessories
market and accounted for 69.9% share of the total revenue in 2018. Increasing
demand for high-end products such as smartwatch and camera lens,
coupled with failure in online deliveries of fragile items, is among the
prominent factors driving the segment. The online segment is expected to expand
at the fastest CAGR of 7.9% in the forecast period. Integration of artificial
intelligence in the online retail sites has led to increase in frequent
notifications of mobile accessories. Apart from this, discounts on the product
is fuelling the market growth in the recent times.
Asia
Pacific is the largest region for the product and it accounted for 45.0% share
of the overall revenue in 2018. China is one of the leading markets for
smartphones and accessories and it accounted for 55.0% share of the Asia
Pacific market. The fact that China is capable of changing technologies of the
smartphones, they are coming up with accessories that are adaptable with the
changing technologies. These factors are driving the market in the region.
Full Research Report On Mobile Accessories Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/mobile-accessories-market
Mobile Accessories
Market Report Highlights
- By product
type, the protective case segment held the largest share of 31.3% in 2018
- Countries
such as UAE and Saudi Arabia are projected to witness significant growth
due to increasing demand for smartphones
- By
distribution channel, the online segment is anticipated to expand at a
CAGR of 7.9% in the forecast period.
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Mobile Accessories
Market Segmentation
Grand View Research has
segmented the global mobile accessories market on the basis of product type,
distribution channel, and region:
Mobile Accessories
Product Type Outlook (Revenue, USD Billion, 2015 - 2025)
- Earphones/Headphones
- Charger
- Power Bank
- Protective Cases
- Others
Mobile Accessories
Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
- Online
- Offline
Mobile Accessories
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Middle East & Africa
- Saudi Arabia
- Central & South America
- Brazil
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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