Brainy Insights launched a study titled Mobile Phone Accessories Market Size by Price Range (Mid, Low, and Premium) Product Type (Popsockets, Headphone/Earphone, Portable Speaker, Battery, Protective Case, Power Bank, Charger, Memory Card, Battery Case, Screen guards, and Others), Distribution Channel, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030.
The global mobile phone accessories market is expected to grow from 84.1 billion in 2021 to USD 157.3 billion by 2030, at a CAGR of 7.20% during the forecast period 2022-2030. Smartphone users highly require mobile phone accessories across the world. The mobile phone accessories market primarily depends upon the penetration of mobile phones worldwide. The smartphone market is anticipated to achieve tremendous growth in the coming future due to increasing need and online shopping trends. A significant decrease in selling prices of mobile phones, the growing craze of online video streaming, rising access to social networking, etc., are possible to propel the need for smartphones which will entirely affect the growth of the mobile phone accessories market during the projection time.
The premium segment dominated the market, accounting for around 28.5 billion in global revenue in 2021.
The price range segment of the mobile phone accessories market is divided into mid, low, and premium. The premium segment dominated the market, accounting for around 28.5 billion in global revenue in 2021. Due to the substantial need for high-quality, long-lasting, and distinctive features n gadgets and the increasing spending power of customers and smartphone penetration is projected to boost the segment growth.
The protective cases segment dominated the market, accounting for around 10.09 billion in global revenue in 2021.
The product type segment of the mobile phone accessories market is divided into pop sockets, headphones/earphones, batteries, protective cases, power banks, portable speakers, chargers, memory cards, battery cases, screen guards, and others. The protective cases segment dominated the market, accounting for around 10.09 billion in global revenue in 2021. The necessity to cover smartphones from damage physically is one of the essential drivers that will propel the possibilities for growth in the mobile phone accessories market.
The offline segment dominated the market, accounting for around 52.1 billion in global revenue in 2021.
The distribution channel segment is divided into online & offline. The offline segment dominated the market, accounting for around 52.1 billion in global revenue in 2021. Customers are more conscious about premium products and expensive mobiles like iPhones or other accessories; people prefer offline shopping due to safety and product quality-related issues.
Regional Segmentation Analysis:
The market is analyzed based on five regions: Europe, Asia Pacific, North America, South America, and the Middle East and Africa. North America is expected to be the largest market during the forecast period. The introduction of premium smartphone accessories, and creativity in design, particularly in the U.S. and Canada, are predicted to persist. The need for power banks is increasing in North America, and this trend is anticipated to resume over the coming years.
The major players in the market include Apple India Pvt. Ltd., Intex Technologies (India) Ltd., Software Infotech Pvt. Ltd., Optiemus Infracom Ltd., PNY Technologies Asia Pacific Ltd, Belkin India Pvt. Ltd., Callmate (India) Pvt. Ltd., Case Mate India Pvt. Ltd., Eon Electric Ltd., Samsung India Electronics Pvt. Ltd. among others.
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