Global Mobile Accessories Market By Product Type (Headphones, Charger, Power Banks, Protective Case, and Other Product Types), By Distribution Channel (Offline and Online), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Mobile Accessories Market Overview

The global mobile accessories market was worth US$ 84,800 million in 2021. It is forecast to grow at a 7.5% CAGR from 2023 to 2032. The market will be driven by increasing demand for smartphones, which are the most effective way to communicate around the world.

Global Mobile Accessories Market Scope:

Product Type Analysis

The market can be divided by product type into headphones and headphones chargers, batteries, and protective cases. Protective cases accounted for 41.1% of the market in 2021 and will continue to grow in the future. The market is expected to grow due to the increasing demand for protective cases, mainly because of the frequent changes in product design in the female consumer segment. The market is expected to grow due to innovation in material compatibility and the use of special cases for certain smartphones like an apple.

CAGR for the headphone market is 8.6% over the forecast period. The market for type-c USB Ports cables and headphones is one of the fastest-growing trends in the mobile industry. In recent years, the market for fitness and sports headphones has grown due to the growing fitness consciousness of the youth. Due to the rise in travel trends, cheap headphones have become more popular among the economically minded consumer group.

Distribution Channel Analysis

The mobile accessories market was dominated by the offline segment, accounting for 62.8% of total revenue. The segment growth is being driven by the increasing demand for expensive devices like the smartwatch, mobile camera lens, and perceptions of problems with fragile items being delivered. The segment growth is due to traditional shopping methods and differences in prices in local retail outlets and wholesale markets.

Over the forecast period, the online segment will grow at an 8.3 % CAGR. The segment is driven by increasing internet penetration in rural areas, quicker and more trusted delivery via various online portals, as well as replacement options. Young working consumers prefer to shop online over offline because of the convenience and ease of delivery. These are the key factors that will drive market growth within the specified timeframe.

Маrkеt Ѕеgmеntѕ:

By Product Type

• Headphones
• Charger
• Power Banks
• Protective Case
• Other Product Types

By Distribution Channel

• Offline
• Online

Market Dynamics:

The market is expected to grow in the future due to increasing demand for wireless devices and frequent technological changes. Companies are developing the most recent technologies, such as wireless headphones and speakers. In recent years, this has increased the industry’s market demand. As teenagers are more likely to use smartphones, there is a greater demand for accessories like headphones and mobile covers.

The market has seen a significant increase in its growth due to the increasing number of young workers. Market growth has also been affected by the changing outlook of the consumer segment. Market growth is influenced by the fact that women prefer to change their phone covers more often. The men consumer group prefers changing other accessories like headphones and fast-chargers.

These products simplify and make using a mobile phone easier, making them popular with consumers. Smartwatches have made it easier to view notifications and make calls, without having to take the phone out of your pocket. The power bank innovation has made it easier for consumers who travel frequently and use smartphones a lot.

With smartphones becoming more advanced and featuring better features, the price of smartphones has fallen. This has resulted in a rise in consumers who want to purchase the phone. Modern consumers don’t care if their phones are secure, fashionable, or trendy. The market growth is also driven by increasing internet penetration and artificial Intelligence that online retailers use to notify users about new products

Regional Analysis

The Asia Pacific dominated the market in 2021, with a 45.5% share. It is expected to see significant growth in the future. China accounted for the highest revenue in 2021 and contributed the largest share to the Asia Pacific. The key factors driving market growth in the Asia Pacific are high usage of various types of mobile accessories, lower prices, and China’s leadership position in the mobile phone industry.

Due to the high demand from developing countries like Saudi Arabia and UAE, the Middle East and Africa are the fastest-growing regions. The market will be driven by changing lifestyles and rising disposable income over the forecast period. The accessories market is also being driven by the increasing demand for smartphones in this region. One survey has shown that smartphones have increased in MEA by 10 million units in 2021.

Кеу Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Google, Samsung, Apple; Harman International Inc., and Belkin International Co. are some of the key players in this industry. Due to the presence of many unstructured dealers, entry barriers to this market are moderate to low. Innovation in technology, mergers and purchases, and joint ventures are further driving the market.

One plus brands come with fast chargers that are compatible with their phones. The manufacturer of these devices then developed chargers that work with all devices and can charge them quickly. Research and development is a major part of the revenue for these companies, as technology changes are frequent in this industry. To be competitive, market players must understand the needs of consumers to ensure they have a strong position.

Маrkеt Кеу Рlауеrѕ:

• Google
• Samsung
• Apple
• Harman International Inc.
• Belkin International Co
• The Forest Essentials
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Panasonic Corporation
• JVC Kenwood
• Other Key Players

For the Mobile Accessories Market research study, the following years have been considered to estimate the market size: