Mobile Phone Accessories Market to Grow at a CAGR of 6.0% during the 2023 to 2031 Forecast Period: TMR Study

Jun 16, 2023

WILMINGTON, DE / ACCESSWIRE / June 13, 2023 / States Transparency Market Research Inc. - The global mobile phone accessories market stood at US$ 278.7 billion in 2022 and the global market is projected to reach US$ 469.6 billion in 2031. Global mobile phone accessories devices industry is anticipated to expand at a CAGR of 6.0% between 2023 and 2031.

Mobile accessories market is anticipated to expand due to the increasing demand for smartphones as they are an effective means of communication around the globe driving the market in the forecast period.

The rise in demand for wireless devices, coupled with frequent changes in technologies, is expected to drive the market in the near future. Companies are coming up with the latest technologies such as wireless headsets and speakers as this has boosted the market demand for the industry in recent times.

The increase in adoption of smartphones among teenagers has increased the demand for certain accessories such as mobile covers and headphones as they keep themselves updated with the changing technologies in the market.

To Remain Ahead of Your Competitors, Request for a Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11345

Market Snapshot:

Report Coverage

Details

Market Revenue

US$ 278.7 Bn

Estimated Value

US$ 469.6 Bn

Growth Rate - CAGR

6.0%

Forecast Period

2023-2031

No. of Pages

140 Pages

Market Segmentation

Type, Category, Price, Distribution Channel

Regions Covered

North America, Europe, Asia Pacific, Middle East & Africa, South America

Companies Covered

Apple Inc., BBK Electronics, Bose Corporation, BYD Company Ltd, Energizer Holdings, Inc., KDM, Samsung Electronics Co. Ltd, Sanqi Youpin (Shenzhen) Co., Ltd., Sony Corporation, Virgin Media

Key Takeaways of Market Report

Global mobile accessories market to generate absolute dollar opportunity worth US$ 469.6 billion until 2031.

Global mobile accessories market from 2023 to 2031 is 6.0%

Global mobile accessories market is currently valued at US$ 290 billion in 2023.

Global mobile accessories market stood at US$ 278.7 billion in 2022.

Market value of the global mobile accessories market management from 2018 to 2022 is 4.68%

North America is said to have a market share of 23.2%

Asia Pacific market region is estimated to have a market share of 46.2%

Buy this Premium Research Report | Immediate Delivery Available - ;elm:context_link;itc:0" class="link ">https://www.transparencymarketresearch.com/checkout.php?rep_id=11345<>

Global Mobile Phone Accessories Market: Growth Drivers

Consumers are spending more on mobile phone accessories such as mobile cases, earphones, and selfie sticks due to the increase in disposable income globally.

Mobile phone accessories such as mobile cases & covers, and headsets, which can be customized, are viewed as fashion accessories by the younger population and are current mobile phone accessories market trends, which is further driving the global mobile phone accessories market growth.

People's lives are nowadays revolutionizing on smartphones, as the digital world continues to advance quickly. Smartphones have developed to become a highly advanced way of communication i.e., instant communication including SMS, text messaging, calls, video chat, and applications enable users to connect with anyone, anywhere.

The availability of smartphone accessories through online channels is also raising the market progress, as they provide consumers with ease of buying as well as wider buying options. Manufacturers are able to cater to a larger number of end-users through the online channel.

Global Mobile Phone Accessories Market: Regional Landscape

Asia Pacific led the market with a share of 46.2% and is anticipated to witness significant growth in the near future wherein, Asia Pacific, China contributed to the majority of the share and accounted for 55.2% share during the forecast period.

High usage of different types of mobile accessories, innovation of different products at lower rates, and China being the leader of the mobile phone industry are the prominent factors for market growth in the region.

Mobile phone accessories market size in North America is anticipated to rise in the next few years due to a substantial demand for mobile phone accessories such as cases, power banks, and earphones, leading to significant mobile phone accessories market share of these regions.

Global Mobile Phone Accessories Market: Key Players

Bose Corporation and Lexie Hearing, a direct-to-consumer hearing aid provider in the United States, have announced a partnership for bringing Bose's self-fitting hearing aid technology to the Lexie Hearing product line. With this partnership, Lexie Hearing aims to present an exciting evolution to its products and also aims to make hearing aid products accessible to all its end consumers.

Samsung Electronics announced the launch of its new Galaxy Buds Pro. The active noise canceling features on the Galaxy Buds Pro is said to filter out up to 99% of background noise. With this new launch, the company aims to provide a wider option to its end consumers

Get Customization on this Report for Specific Research Solutions: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11345

Global Mobile Phone Accessories Market: Segmentation

Type

Power Bank

Headset

Earphones

Wired

Wireless

Mobile Battery

Screen Protector

Portable Speaker

Cases and Covers

USB Cable & Adapter

Phone Stand

Others (Selfie Sticks, Phone Charms & Straps, etc.)

Category

Branded

White Label Brand

Price

Low

Medium

High

Distribution Channel

Online

E-commerce Websites

Company-owned Website

Offline

Supermarkets/Hypermarkets

Branded Stores

Other Retail Stores

Regions Covered

North America

Europe

Asia Pacific

Middle East & Africa

South America

Latest Consumer Goods Industry Reports : -

Tablet PC Market Growth Share from 2023 - 2031

Spiritual & Devotional Products Industry Growth from 2023 - 2031

Food Processing Equipment Market Growth Report 2023 - 2031

Karaoke System Market Size & Share Report, 2023-2031

Artificial Nails Market Size, Share | Industry Report, 2023-2031

Electric Barbecue Grill Market Size & Share Report, 2023 - 2031

North America Outdoor Apparel Wholesale Market Size | Industry Report, 2020-2031

Women's Bicycle Market Growth Share from 2023 - 2031

Leather Handbags Industry Growth from 2023 - 2031

Pre-school Furniture Market Growth Report 2023 - 2031

Cold Plunge Pools Market Size & Share Report, 2023-2031

Letterpress Card Market Size, Share | Industry Report, 2023-2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil SawlaniTransparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: +1-518-618-1030USA - Canada Toll Free: 866-552-3453Website: https://www.transparencymarketresearch.comBlog: https://tmrblog.comEmail: [email protected]

SOURCE: Transparency Market Research inc.

View source version on accesswire.com: https://www.accesswire.com/760888/Mobile-Phone-Accessories-Market-to-Grow-at-a-CAGR-of-60-during-the-2023-to-2031-Forecast-Period-TMR-Study