Higher Adoption of Smartphones to Augment Global Mobile Phone Accessories Market Growth: says Research Nester

The increasing sale of smartphones has increased the demand for mobile phone accessories all across the globe. Strong desire among cell phone users to increase smartphone functionality and style fashion statement has fueled the demand for mobile phone accessories. Moreover, the consumers are looking towards the technologically advanced and innovative mobile phone accessories which are enhancing the user experience.
Global mobile phone accessories market is anticipated to expand at a significant annual compound growth rate (CAGR) of 7.3% during the forecast period i.e. 2017-2023.
By product type, the mobile phone cases segment is projected to dominate the global mobile phone accessories market by the end of 2023. The mobile phone cases segment is anticipated to expand at a CAGR of 8.5% during the forecast period i.e. 2017-2023. The mobile phone cases are gaining popularity among young generation on the account of the rising trend of personalization of mobile devices related to appearance, which in turn is likely to drive the demand of the mobile phone cases in the global market.
Global mobile phone accessories market is segmented on the basis of product type, distribution channel, price range and region. Based on the product type, the market is further cross segmented by price range into the premium, mid and low price mobile phone accessories market. With 23.7% share, the mobile phone cases held the largest share in 2016. Mobile phone battery cases market is projected to witness the highest CAGR of 9.8% during the forecast period i.e. 2017-2023 in terms of value.
The report titled “Global Mobile Phone Accessories Market Outlook 2023” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of smart door locks market which includes profiling of Samsung, LG, Pansonic, Anker, Vinsic, Lenovo, Beats (Apple), Philips, Sony, Senheiser, SanDisk, Transcend, Strontium, Otterbox, Griffin, Case-Mate, Belkin, Mophie. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Mobile Phone Accessories Market Outlook 2023”, analyses the overall mobile phone accessories industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in Global Mobile Phone Accessories Market in near future.