Mobile Accessories Market - Global Industry Dynamics 2019-2020, Trends and Forecast 2021–2028

Mobile accessories are external components or hardware/software devices that protect mobile phones from damage and enhance its functionality. Mobile accessories complement the maintenance, performance, and features of mobile phones. Smartphone plays a vital role in day-to-day life. With the growing number of smartphone users worldwide, the popularity of mobile accessories is also increasing. Some of the majorly used mobile accessories worldwide includes power banks, earphones, headsets, protective cases, memory cards, wireless speakers, etc.

Driving Factors

  • Smartphones are used as an effective device of communication worldwide. Increasing demand for smartphones around the world is projected to propel the global mobile accessories market during the forecast period.

  • Frequent changes in technologies coupled with growing demand for wireless devices are anticipated to drive the market during the forecast period. For instance, manufacturers are introducing newer technologies such as wireless speakers and headsets. This has led the growth of the mobile accessories market globally.

  • Growing adoption of smartphones by youngsters has increased the demand for mobile accessories such as wireless headphones, wireless headsets, mobile covers, smart watch, power banks, etc., as they demand innovative technologies

  • Increasing young working population and changing outlook of the consumer group are other factors expected to drive the global mobile accessories market during the forecast period. Majority of women consumers frequently change their mobile covers, which, in turn, is anticipated to drive the market in the near future.

  • Rise in the popularity of social networking sites and surge in disposable income of urban consumers are projected to drive the global mobile accessories market

  • Technological innovations, including built-in light and fan in selfie sticks, Bluetooth/NFC speakers, and implementation of noise canceling technology are projected to offer significant growth opportunities for mobile accessories market

  • The presence of several regional as well as multinational manufacturers has propelled the expansion of the global mobile accessories market. Multinational manufacturers are increasingly focusing on integrating innovative technologies and features in their products for staying competitive in the market.

  • Increasing Internet penetration worldwide coupled with growing popularity of e-Commerce platforms is further driving the sales of mobile accessories globally

Challenging Factor

  • The growth of the mobile accessories market is hampered by intense competition between local and multinationals players of mobile accessories around the world and high demand for low-priced accessories

Market Segmentation

  • The global mobile accessories market can be segmented based on type, price range, distribution channel, and region

  • In terms of type, the global mobile accessories market can be classified into power banks, earphones, headsets, protective cases, memory cards, wireless speakers, and others

  • Based on price range, the global mobile accessories market can be divided into low price mobile accessories, medium price mobile accessories, and high price mobile accessories

  • In terms of distribution channel, the global mobile accessories market can be bifurcated into online and offline. Offline distribution channel is further segmented into brand stores, hypermarkets/supermarkets, mobile stores, and others.

  • Based on region, the global market can be divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America)

Competition Landscape

  • Key players operating in the global mobile accessories market include Apple, Samsung, Bose Corporation, Xiaomi, JVCKENWOOD Corporation, Sony Mobile Communications Inc., Belkin International, Inc., Harman International Industries, Incorporated, Panasonic Corporation, Aukey, Plantronics, Inc., Anker Technology Ltd, and Sennheiser electronic GmbH & Co. KG.

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