Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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. The 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.
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.
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.
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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