04-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Mobile Accessories Market by Type (Headphone/Earphone, Battery, Charger, Protective Case, Portable Speaker, and Others), by Distribution Channel (Online and Offline), and by Price Range (Low, Medium, and Premium): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2026”. According to the report, the global mobile accessories market accounted for USD 212.25 billion in 2018 and is expected to reach USD 284.93 billion by 2026, at a CAGR of around 3.75% between 2019 and 2026.
The global mobile accessories market is expected to witness positive growth within the forecast time period. Mobile phone accessories are external devices designed by manufacturers to increase the functionality of mobile phones. Mobile phone accessories are as important as a mobile phone in our day-to-day lives. The growing number of smartphone users and the declining prices of these accessories due to heavy competition in the market are expected to drive the global mobile accessories market. Moreover, technological innovations, such as wireless accessories, and low electricity and power requirements have also been aiding the mobile accessories market globally. Furthermore, the fall in the average selling price of mobile phones is attracting large groups of consumers from middle- and low-income groups to purchase mobile phone accessories, which will help in surging the demand for mobile phone accessories in the years ahead. However, the lack of standardization and the threat of piracy may hamper the global mobile accessories market. The market growth may also be hindered by the high demand for low-priced accessories along with the intense competition from the local players that offer products at competitive prices to the customers.
Browse the full “Mobile Accessories Market by Type (Headphone/Earphone, Battery, Charger, Protective Case, Portable Speaker, and Others), by Distribution Channel (Online and Offline), and by Price Range (Low, Medium, and Premium): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2026” Report at https://www.zionmarketresearch.com/report/mobile-accessories-market
The global mobile accessories market is categorized into type, distribution channel, and price range. The type segment is fragmented into headphone/earphone, battery, charger, protective case, portable speaker, and others. The distribution channel segment includes online and offline. The rise of e-commerce websites and their increasing use has registered remarkable growth of the online segment. These e-commerce websites have provided a platform to convert potential customers into customers by channelizing impulse buying after they buy a new mobile phone. The online distribution channel is expected to register remarkable growth in the future. By price range, the market for mobile accessories is categorized into low, medium, and premium.
North America is the leading region for mobile accessories market globally, due to the high per capita income of the regional population. The end-users in North America prefer quality products that are trendy and branded, which, in turn, increases the regional demand for premium-priced mobile accessories. Moreover, the technological developments witnessed across the region are expected to further drive the North American mobile accessories market over the forecast time period. The Asia Pacific mobile accessories market is expected to witness significant growth in the future, owing to the large demand for mobile accessories r to meet the growing demands of rapid urbanization.
Some key participants operating in the global mobile accessories market include Panasonic Corporation, Sennheiser Electronics, Sony Corporation, Samsung Electronics, Apple, Bose Corporation, BYD, Plantronics, Energizer Holdings, and JVC Kenwood Corporation.
This report segments the global mobile accessories market into:
Global Mobile Accessories Market: Type Analysis
Global Mobile Accessories Market: Distribution Channel Analysis
Global Mobile Accessories Market: Price Range Analysis
Global Mobile Accessories Market: Regional Analysis
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