The mobile phone accessories market in 2021 is projected to be valued at $86.6 billion. The market is anticipated to grow at a CAGR of 6.7 percent through 2031 and reach US$ 166 billion.
78 percent of all sales in North America are still made in the United States. While China will still be the region’s biggest market, demand is expected to increase significantly in South Korea and Japan.
The research lists the following items as essential mobile phone accessories: a protective case, earbuds or headphones, a charger, a battery, a memory card, a power bank, a portable speaker, and “others.”
Protective cases are now in high demand among these items, and in 2021, this market segment will make up one-fifth of the whole market.
With a projected value of $86.6 billion in 2021. To reach US$ 166 billion by 2031, the market is projected to expand at a CAGR of 6.7 percent.
In North America, 78 percent of all sales are still made in the United States. South Korea and Japan’s demand are predicted to increase fast, even if China will continue to be the region’s largest market.
The survey claims that a protective case, headphones or earbuds, a charger, a battery, a memory card, a power bank, a portable speaker, and “others” are the most popular mobile phone accessories on the market.
The demand for protective cases is the strongest among these items right now, and in 2021, it will make up one-fifth of the market as a whole.