Research Nester published a report titled “Mobile Phone Accessories Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers a detailed overview of the global mobile phone accessories market in terms of market segmentation by product type, packaging, price point, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global mobile phone accessories market is projected to grow at a CAGR of ~7% by attaining noteworthy revenue during the forecast period, i.e., 2024 – 2036. Growing back cover sales is anticipated to propel the growth of the market during the forecast period. For instance, around 75% of smartphone users were projected to be using protective cases. Additionally, the increasing number of internet users across the globe is further expected to hike the market growth over the forecast period. Significant growth in the internet user is observed in the recent decade, for instance, approximately 4.5 billion people are estimated to be using the internet in 2022.
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Additionally, by packaging, the global mobile phone accessories market is segmented into folding cartons, boxes & bags, pouches, trays, and others. Out of these sub-segments, the folding cartons segment is estimated to obtain a noteworthy share in the market during the forecast period. The growth of the segment can be accounted to the spiking production of packaging paper and the growing utilization of folding cartons. As of 2020, more than 350 million metric tons of packaging paper were produced globally.
Furthermore, the global mobile phone accessories market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a rapid pace over the forecast period on the back of the presence of personal electronics and mobile phone. As of 2020, around 300 million smartphone users were estimated to be living in the United States while approximately 150 million smartphones were shipped to the USA in 2021.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
Higher Prevalence of E-Commerce to Foster the Growth of the Market
In 2020, over 1.5 billion individuals were noticed to be purchasing goods from e-commerce sites.
In modern times, more than 24 million e-commerce sites are noticed to be working constantly. Moreover, mobile phone accessories are easily available on e-commerce sites at affordable prices. Furthermore, the rising inclination of people toward the utilization of the internet is also estimated to major reason to boost the prevalence of e-commerce globally. Therefore, such a demand is anticipated to propel the growth of the market during the forecast period.
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However, the chances of fake branding and fake branding and higher cost associated with phone accessories are expected to operate as a key restraint to the growth of the global mobile phone accessories market over the forecast period.
This report also provides the existing competitive scenario of some of the key players in the global mobile phone accessories market which includes company profiling of Lava International, Kingston Technology Corporation, Sony Corporation, Plantronics, Inc., GN Group, Samsung Electronics Co., Ltd., Harman International Industries, Incorporated, Apple Inc., Micromax Informatics, and Skullcandy Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global mobile phone accessories market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Access our detailed report at:
https://www.researchnester.com/reports/mobile-phone-accessories-market/75
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.
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