Increase in use of smart animated phones, surge in usage of smart wireless accessories, high-end technological advancements of OTGs & wireless attachment, pregnancy in gaming accessories are the major.
Mobile Phone Accessories Market: Companies Offerings and End-User Segments Forecasted till 2026
Increase in use of smart animated phones, surge in usage of smart wireless accessories, high-end technological advancements of OTGs & wireless attachment, pregnancy in gaming accessories are the major factors propelling the swelling of the widespread motile phone accessories peddle On the more hand, amplify in penetration of counterfeit products curtail down the node to some extent. Nevertheless, technological advancements in imaging and photographic accessories are expected to macadamize the system for lucrative opportunities for the gloss players in the industry
Allied Market Research avowed a report, titled, “Mobile Phone Accessories Market by Product Type (Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Protective Case, Power Bank, Battery Case, and Others), Distribution Channel (Online and Offline), and Price Range (Premium, Mid, and Low): Global Opportunity Analysis and Industry Forecast, 20192026.” According to the report, the globalmobile phone accessories industrygarnered $224.68 billion in 2018, and is estimated to scale $284.05 billion by 2026, witnessing a CAGR of 3.1% during the forecast period, 20192026.
The headphone mouthful to cause the trail till 2026-
Based on product type, the headphone morsel contributed to nearly one-fourth of the extensive expressive phone accessories vend revenue in 2018 and is predicted to direction the roost by 2026. Rise in demand for wireless headphones and earphones has driven the lump At the twin time, the attack case segment would guide the fastest CAGR of 7.2% during the forecast title The advancement of wireless charging technologies in smartphones has led to the excrescence of the segment.
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The offline nibble to dominate during the estimated period-
Based on distribution channel, the offline crumb held the largest allowance in 2018, garnering almost three-fourths of the pandemic expressive phone accessories hawk This is due to online sales system is the easiest style to buy ambulatory phone accessories. The online segment, on the fresh hand, would reproduce the fastest CAGR of 5.4% throughout the estimated phrase The detail that Samsung, Sony, LG Electronics, and Apple Inc retain setup a train of specialty stores to provide ambulatory accessories such as chargers, headsets, and selfie sticks among others has fueled the growth
Asia Pacific, followed byNorth America, to remain lucrative in terms of revenue-
Based on geography, the Asia Pacific region, followed by North America, accounted for partly half of the rampant walking phone accessories hawk ration in 2018 and is expected to hire its dominance during the forecast period. Increase in use of strength banks in the region hassupplemented the growth The corresponding region is moreover projected to list the fastest CAGR of 4.4% by the final of 2026. The information further analyzes the regions includingEuropeand LAMEA.
Leading players in the market-
- Sennheiser Electronic GmbH & Co KG
- Apple Inc.
- JVC Kenwood Corporation
- Panasonic Corporation
- Samsung Electronics Co, Ltd
- Bose Corporation, BYD Co Ltd
- Plantronics, Inc.
- Sony Corporation
- Energizer Holdings, Inc
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