Global Car Phone Holder Market to Reach US$ 1.8 Billion by 2032, Stimulated by Rising Demand for Convenient Car Accessories

May 25, 2023 | Retail

According to the latest report by IMARC Group, titled “Car Phone Holder Market by Product (Air Vent Mounted, Suction Cup Mounted, Adhesive Mounted, CD Slot Mounted), Distribution Channel (Online, Offline), and Region 2024-2032,” the global car phone holder market size reached US$ 1.2 Billion in 2023. A car phone holder is a device with vent mounted, suction cup, adhesive, and CD slot mounted that is designed to hold a smartphone while driving. It is manufactured from various materials, such as silicone, aluminum, rubber, and plastic. It is cost-effective, safe, compact, convenient, and compatible with all smartphones. It can provide a comfortable view by enabling a global positioning system (GPS) to conveniently reach the destination without many halts. It offers hands-free music flexibility due to its adjustable arm and better grip quality. Besides this, it assists in keeping an eye on the road by avoiding distraction and providing an efficient driving experience to users. As it also aids in reducing various traffic violations and enhancing driver safety, the demand for car phone holders is increasing across the globe.

Global Car Phone Holder Market Trends:

At present, the rising demand for convenient and affordable driving equipment among the masses around the world represents one of the key factors contributing to the growth of the market. Besides this, the growing adoption of car phone holders, as they reduce the risk of road accidents and assist in answering phone calls, is offering a favorable market outlook. Moreover, various benefits offered by these holders, such as easy installation and removal, simple to use, and strong magnetic mount, are bolstering the growth of the market. In line with this, the rising employment of car phone holders to avoid distractions and maintain safe road views is offering lucrative growth opportunities to industry investors. Apart from this, the increasing adoption of these holders among cab drivers to easily drop customers at their location through navigation is propelling the growth of the market. In addition, the escalating demand for these holders for convenient road navigation across the globe is strengthening the growth of the market. Moreover, governing agencies of various countries are implementing stringent laws and regulations to reduce the usage of mobile phones while driving, which is supporting the growth of the market. Furthermore, the growing demand for car phone holders due to the increasing number of cars around the world is positively influencing the market. Looking forward, the market value is projected to reach US$ 1.8 Billion by 2032, expanding at a CAGR of 4.8% during 2024-2032.

Market Summary:

Based on the product, the market has been classified into air vent mounted, suction cup mounted, adhesive mounted, and CD slot mounted. Presently, air vent mounted dominates the market, holding the largest share.
On the basis of the distribution channel, the offline segment accounts for the largest market share, followed by the online.
Region-wise, the market has been segmented into North America (United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Amkette, Arkon Resources, Inc., Baseus, Bestrix, Brodit AB, Iottie, Inc., Kenu, Olixar, Scosche Industries, Inc., Spigen Inc, TechMatte Inc., and ZAAP.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Products Covered	Air Vent Mounted, Suction Cup Mounted, Adhesive Mounted, CD Slot Mounted
Distribution Channels Covered	Online, Offline
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Amkette, Arkon Resources, Inc., Baseus, Bestrix, Brodit AB, Iottie, Inc., Kenu, Olixar, Scosche Industries, Inc., Spigen Inc, TechMatte Inc., ZAAP, etc.
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Global Car Phone Holder Market to Reach US$ 1.8 Billion by 2032, Stimulated by Rising Demand for Convenient Car Accessories

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