At a CAGR of 3.1%, the size of the mobile phone accessories market is expected to reach $ 284.05 billion by 2026
Cell Phone Accessories Market Size, Share | Industry Forecast – 2026
– Kishor Kanade
PORTLAND, OREGON, UNITED STATES, August 15, 2021 /EINPresswire.com/ – The increase in the use of smart mobile phones, the increase in the use of smart wireless accessories and the technological advancements of OTGs and wireless accessories associated with the advancement of gaming accessories have stimulated the global market growth mobile phone accessories market. However, the skyrocketing penetration of counterfeit products and the trade war between developed countries are hampering the market. On the contrary, technological advances in imaging and photographic accessories are expected to create lucrative opportunities in the near future.
According to the report published by Allied Market Research, the global mobile phone accessories market was estimated at $ 224.69 billion in 2018 and is expected to reach $ 284.05 billion by 2026, registering a CAGR of 3.1% from 2019 to 2026. The report provides detailed analysis analysis of market size and estimates, top investment pockets, top winning strategies, drivers and opportunities, competitive scenario and changing market trends.
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The report provides in-depth analysis of major market players such as Sennheiser Electronic GmbH & Co. KG, Apple Inc., Sony Corporation, JVC Kenwood Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Bose Corporation, BYD Co. Ltd . and Plantronics, Inc. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures and others to strengthen their position in the industry.
Main benefits for stakeholders:
• This study includes an analytical description of the global mobile phone accessories market size along with current trends and future estimates to describe impending pockets of investment.
• The overall analysis of the mobile phone accessories market is determined to understand profitable trends to gain a stronger foothold.
• The report presents information related to the main drivers, constraints and opportunities with a detailed impact analysis.
• The current forecast of the mobile phone accessories market is analyzed quantitatively from 2012 to 2025 to compare financial skills.
• Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the industry.
• The report includes the market share of major vendors and market trends.
The market is divided based on product type, distribution channel, price range, and geography.
Based on the price range, the market is divided into premium, medium, and low. The premium range segment is expected to offer lucrative opportunities. The segment dominated the market in 2018, accounting for almost three-fifths of the market and is expected to register the Fastest CAGR 3.8% over the forecast period.
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Based on product type, the market is segmented into battery, headset / earphone, portable speaker, charger, memory card, protective case, power bank, battery case, and others. The headphone segment dominated the market in 2018, accounting for around a quarter of the market. However, the portable speaker segment is expected to register the fastest CAGR of 9.2% during the forecast period.
The global mobile phone accessories market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region market held the largest share in 2018, accounting for nearly half of the market, and the region is expected to register the fastest CAGR of 4.4% during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.