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Mobile Phone Accessories Market

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Mobile Phone Accessories Market provides profiles of leading players in the market based on the following parameters company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and str
Mobile Phone Accessories Market to Witness
Enhanced Growth During 2018-2026
Mobile Phone Accessories Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
The mobile phone accessories market was valued at US$ 72.9 billion in 2017, and is expected to
increase to US$ 132.6 billion by 2026, registering a CAGR of 5.8% over the forecast period from
2018 to 2026. Increasing adoption of E-commerce websites and E-banking are responsible for
high demand for smartphones worldwide, which is expected to further contribute to growth of
the mobile accessories market. For instance, according to India Brand Equity Foundation
Organization, in 2016, e-commerce industry in India, generated revenue of US$ 15 billion and is
projected to reach US$ 188 billion by 2025.
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The factor responsible for increasing usage of E-commerce websites is high number of internet
users and facility of E- commerce websites to offer shopping at anyplace and anytime. For
instance, according to the Internet World Stats, total number of internet users in 2016 was 3.18
billion in 2015 and it increased to 3.42 billion in 2016.
Asia Pacific held a dominant position in the mobile accessories market and is expected to exhibit
the highest CAGR during the forecasted period. Increasing number of smartphone users in the
emerging economies is one of the key factors driving growth of the mobile phone accessories
market. For instance, according to the Coherent Market Insights analysis, in China, the number
of smartphone users in 2017 was 1.3 billion; while in India the number was close to 530 million.
The factors such as high internet usage, switching from conventional brick store business model
to e-commerce model, e-banking activities, and engaging in various digital endeavors, and
others are responsible for increasing number of smartphone users.
Moreover, increasing trend of online shopping on smartphones is major factor responsible for
high demand of smartphones in the U.S. For instance, according to the Coherent Market Insights
analysis, in 2012, the U.S. consumers spent US$7.8 billion in retail purchases on their
smartphones with an increase to US$60.2 billion in 2016, and is expected to reach US$175.4
billion in 2022. Therefore, such factors are expected to drive growth of the mobile phone
accessories in the region over the forecast period.
The protective case segment is expected to witness significant growth with highest CAGR during
the forecast period, owing to growing concern of consumers to protect mobile phones from
scratches, cracks, water spill, heat, dust particles, and others. Furthermore, the mobile phone
protective cases are launched regularly with wide variety of designs along with affordable price.
Therefore, the increasing concern of consumers for protecting the mobile from damage will
inadvertently force the smartphone manufacturing company to launch their own protective
case for mobile. For instance, in May 2018, Oneplus launched a silicon-based mobile protective
case for onplus6. Similarly, in August 2018, Nokia Corporation launched the new flip cover for
the Nokia 2.1 simply called Nokia Entertainment Flip Cover. This protective case is made from
polycarbonate material and offers maximum durability.
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https://www.coherentmarketinsights.com/market-insight/mobile-phone-accessories-market-2070
Major players operating in the global mobile phone accessories market include, Samsung
Electronics Co., Ltd, Sony Corporation , Panasonic Corporation, Apple Inc., JVC Kenwood
Corporation, Plantronics, Inc., Bose Corporation, Griffin Technology , Otter Products, LLC,
Sennheiser Electronics GmbH & Co. KG
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies,
and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
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