Mobile Phone Accessories Market

Market Overview:

The global mobile phone accessories market size reached US$ 85.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 120.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028. The inflating disposable incomes, increasing adoption of mobile phones for communication and photography, and easy accessibility represent some of the key factors driving the market.

Mobile phone accessories are used to enhance the functionality and convenience of a smartphone. They are not integral to the operation of mobile functions and include portable chargers, memory cards, selfie sticks, camera lens attachments, headphones, Bluetooth accessories, gaming controllers, car mounts, and cases and covers. They improve productivity and enhance the entertainment experience of the user. They also promote the safety of the device, improve its battery life, enhance multimedia capabilities, add new features to the device, and increase work accuracy. Moreover, mobile phone accessories, like phone cases, offer a personalized appearance, and wireless chargers add more comfort for the user. At present, mobile phone accessories are easily available through online and offline distribution channels across the globe. 

Mobile Phone Accessories Market Trends:

Inflating disposable incomes and the increasing adoption of smartphones for numerous communication, photography, and entertainment purposes represent one of the key factors positively influencing the market across the globe. In addition, consumers are increasingly adopting wireless headphones and earphones for immersive sound experiences and hands-free use. This, in confluence with their integration with noise canceling technologies that block distracting sounds in noisy environments, such as offices, public transport, and coffee shops, and reduce the need to turn up the volume for decreasing background noise, is bolstering the market growth worldwide. Moreover, the rising popularity of screen protectors that offer an extra layer of protection to the mobile screen, reduce glare, resist fingerprints, keep the screen clean from dirt, smudges, and fingerprints, and repel ultraviolet (UV) damage is strengthening the market growth. Apart from this, the escalating demand for portable battery packs that offer a convenient and reliable source of power and are compatible with a wide range of mobile devices, such as wearable watches and fitness bands, is fueling the growth of the market. Additionally, the increasing popularity of virtual reality (VR) headsets in the healthcare industry that help students in learning and training are driving the market. Furthermore, increasing investments in research and development (R&D) activities in the electronic industry and rising availability and affordability of mobile phone accessories are stimulating the market growth around the world.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile phone accessories market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, price range and distribution channel.

Product Type Insights:

• Headphone/Earphone
• Portable Speaker
• Charger
• Memory Card
• Power Bank
• Protective Case
• Screen Guards
• Popsockets
• Others
   

The report has provided a detailed breakup and analysis of the mobile phone accessories market based on the product type. This includes headphone/earphone, portable speaker, charger, memory card, power bank, protective case, screen guards, popsockets, and others. According to the report, headphone/earphone represented the largest segment.

Price Range Insights:

• Premium
• Mid
• Low
   

A detailed breakup and analysis of the mobile phone accessories market based on the price range has also been provided in the report.

Distribution Channel Insights:

• Online
• Offline
   

A detailed breakup and analysis of the mobile phone accessories market based on the distribution channel has also been provided in the report. This includes online and offline. According to the report, offline accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) was the largest market for mobile phone accessories. Some of the factors driving the Asia Pacific mobile phone accessories market included inflating disposable incomes, proliferating e-commerce, technological advancements, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global mobile phone accessories market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Apple Inc., Bose Corporation, Energizer Holdings Inc., JVCKENWOOD Corporation, Kingston Technology Corporation, Panasonic Corporation, Plantronics Inc., Samsung Electronics Co. Ltd., Sennheiser electronic GmbH & Co. KG, Sony Corporation, Western Digital Corporation, Xiaomi Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the mobile phone accessories market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global mobile phone accessories market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the mobile phone accessories industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.