Mobile Phone Accessories Market, by Product (Battery, Mobile Charger, Power Bank, Headphones, Memory Card, Protective Case, and Others), by Distribution Channel (Online and Offline), by Price (Low, Medium, and Premium) and Geography- and – By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Mobile Phone Accessories Market is expected to reach USD 325.5 billion by 2030 from USD 240.76 million in 2020, growing at a CAGR of 3%. Mobile phone plays very important role in day to day life. Mobile Accessories Market witness remarkable growth in upcoming years owing to increasing sales of mobile phones across the globe. Mobile phone accessories are useful in different ways like memory card which helps to store valuable information, protective cases are used to prevent mobile from damage and among others. Recently launched products such as Mpow isnap X selfie stick, JBL flip waterproof portable Bluetooth speakers, Amir 3 in 1 camera lenses for better picture quality are currently in demand owing to their advanced features.

Market Segmentation:

On the basis of product, mobile phone accessories market is majorly segmented into battery, power bank, charger, portable speakers, headphones, memory card, protective covers, and others. Moreover, by price the market is classified into low, medium, and premium. Furthermore, by distribution channel the market is segmented into online and offline. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

Rise in the adoption of mobile phones, increase in disposal income, high usage of e-commerce websites across the globe are the major drivers which are positively impacting the market to grow during the forecast period. Additionally, easy availability of these accessories in the market, changing customer preferences towards the trending products, and rising demand for the mobile safety are some of the factors for industry to get a significant growth. According to the research, in 2015 the mobile phone users were accounted to 4.15 billion which increased to 4.57 in 2018. Moreover, this results to increase the huge demand for mobile accessories. However, lack of brand awareness, threat of piracy are the major restraints which hinders the growth of mobile phone accessories market. The technological advancements like waterproof portable speakers, noise cancelling techniques in headphones, batteries with longer life, Turbo chargers will create more opportunities for market to boost during the forecast period.

Geographic Analysis:

Asia Pacific is anticipated to dominate the market in upcoming years. The growth in this region is attributed to increase in the demand of mobile accessories in countries like India, China, Japan and Singapore due to the rise in urbanization. Furthermore, North America also has significant growth in this industry as it is the most attractive market to adopt premium-priced mobile phone accessories. In Europe increased demand for high power back up, high penetration of mobile device, declining prices of mobile phones are the major driving factors which enables the market growth in this region.

Competitive Scenario:

Some of the key players in global mobile phone accessories market are Energizer, Apple Inc., Samsung Electronics, Panasonic corporation, JVC Kenwood Holdings Inc., Otterbox, Bose corporation, Sennheiser Electronics GmBH & Co. KG, Plantronics Inc., Griffin technology, Sony Corporation. BYD Co ltd., koninklije Philips N.V.

Mobile Phone Accessories Market Report Scope