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Mobile Phone Accessories Market (Product Type - Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Power Bank, Battery Case, Protective Case, Screen Guards, and Popsockets; Distribution Channel - Online, and Offline; Price Range - Premium, Mid, and Low): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : July, 2020

  • Rep Id : ICT1443

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on mobile phone accessories market provides in-depth analysis of segments and sub-segments in the global as well as regional mobile phone accessories market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mobile phone accessories market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global mobile phone accessories market. According to the report, the global mobile phone accessories market is projected to grow at a healthy CAGR over the forecast period of 2020-2026.

 

Market Insight

The mobile phone accessories market presented enormous opportunities to manufacturers owing to a large number of mobile device users and considerable growth in the adoption of smartphones and tablets.COVID-19 outbreak's rapid development worldwide has led to severe implications for most suppliers of electronics and electrical products, in the form of supply chain disturbances. While the epidemic crisis has reduced the frequency of purchase of consumer appliances, the lead time for delivery of orders has also increased considerably. Inadequate availability of components, limited labor supply, and other supply chain associated costs are some of the major challenges that most industry players are focusing on at present. The end of the lockdown is anticipated to bring this industry expressively higher consumer traffic, most notably through the online channels, and the vendors will need to design their production plans and distribution networks in tandem with this changing business environment.

 

An upsurge in demand for wireless accessories boosts the mobile phone accessories market growth. This increase in demand is owing to the change in customer inclinations to listen to music on portable devices, such as smartphones and tablets. The demand for mobile phone accessories has augmented owing to an upsurge in disposable income and a rise in the acceptance of social networking sites in urban areas. Moreover, an increase in internet penetration also drives the online retailing platform. Conversely, excessive usage of headphones affects the hearing ability of the users, which hampers the market growth. Rapid technological advancements, comprising an implementation of noise-canceling technology, Bluetooth/NFC speakers, and built-in fan and light in selfie sticks, are anticipated to provide lucrative growth opportunities in the near future. On the other hand, the imposition of tariffs on imports and exports among leading manufacturing nations results in substantial changes in the global technological landscape. The future market ambiguity restricts the companies to invest and decrease the pace of development. 

 

Geographically, Asia-Pacific generated the largest revenue in the mobile phone accessories market in 2019 and is expected to continue its dominance over the forecast years. High penetration of smartphones is boosting the growth of the mobile phone accessories market in this region. Moreover,  fast-developing economies such as India and China are anticipated to lead the mobile accessories landscape in the region.

 

Segment Covered

The report on the global mobile phone accessories market covers segments such as product type, distribution channel, and price range. On the basis of product type, the sub-markets include battery, headphone/earphone, portable speaker, charger, memory card, power bank, battery case, protective case, screen guards, and popsockets. On the basis of distribution channel, the sub-markets include online, and offline. On the basis of the price range, the sub-markets include premium, mid, and low.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co Ltd., Plantronics, Inc., Energizer Holdings, Inc., and JVC Kenwood Corporation.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mobile phone accessories market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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