Product ID: SQMIG45I2090
Global Mobile Phone Accessories Market Size, Share, Growth Analysis, By Type(Protective Cases and Screen Protectors), By Distribution Channel(Online Retail and Offline Retail) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2090 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
75
Global Mobile Phone Accessories Market Insights
Global Mobile Phone Accessories Market size was valued at USD 83.40 billion in 2022 and is poised to grow from USD 89.07 billion in 2023 to USD 150.77 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).
The demand for mobile phone accessories is projected to increase as a result of the growing popularity of smartphones as an efficient means of communication worldwide, leading to market expansion in the forecast period. The market is also expected to be driven by the rising demand for wireless devices, as well as the frequent technological advancements in the industry. Companies are constantly introducing new and advanced technologies such as wireless headsets and speakers, which are boosting the market demand. In addition, the growing adoption of smartphones among teenagers has resulted in an increase in demand for specific accessories such as mobile covers and headphones. The market growth is further fuelled by the young working population, whose changing outlook and preferences have influenced the overall market growth. For instance, women tend to change their phone covers frequently, which affects the overall market growth, while men prefer accessories such as headphones and fast chargers. Additionally, mobile accessories have become increasingly popular among consumers due to their ability to simplify and streamline smartphone usage. For example, the introduction of smartwatches has made it easier to view notifications and receive calls without taking out the phone from the pocket, while power banks have made it simpler for consumers who use smartphones extensively and travel frequently. Furthermore, the increasing quality and features of smartphones at decreasing prices have led to an increase in the number of consumers, resulting in a growing demand for safety and security of the phones. This is because modern consumers are less likely to go the extra mile to keep their phones safe, trendy, and fashionable. Additionally, the growth in internet penetration, coupled with artificial intelligence incorporated by online retailers that provide pop-up notifications to users about new products, is also a prominent factor contributing to the market growth.
Global Mobile Phone Accessories Market Report Snapshots
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