Mobile Phone Accessories Market Ogling $255.15 Billion Globally

According to the report, the $217.28 billion in 2016, and is expected to reach at $255.15 billion by 2023, registering a CAGR of 2.3% from 2017 to 2023.

mobile phone accessories market

Allied Market Research recently published a report, titled, “Mobile Phone Accessories Market by Product Type (Battery, Headphone/Earphone, Portable Speaker, Charger, Memory Card, Power Bank, Battery Case, Protective Case, and Others), Distribution Channel (Online and Offline), and Price Range (Premium, Mid and Low) – Global Opportunities Analysis and Industry Forecast, 2017-2023”.

Increased in demand for wireless accessories and disposable income coupled with strong distribution network have boosted the growth of the global mobile phone accessories market. However, adverse effect on hearing capability hampers the market growth. On the contrary, rapid technological advancements and increasing need for convenience are expected to create lucrative opportunities for the market players in the near future.

In 2016, the headphones type segment dominated the market, in terms of revenue, due to the strengthening economic condition and government initiatives to boost and support digital infrastructure, which further influences the mobile phone penetration across the market. This in result creates positive impact on the usage of headphones.

Asia-Pacific was the highest revenue contributor to the global mobile phone accessories market in 2016, accounting for around 46.50% share, due to the rapid technological advancements and increase in the adoption of smartphones.

The report features a competitive scenario of the global mobile phone accessories market and provides a comprehensive analysis of the key growth strategies adopted by major players. The key players profiled in the report are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co., Ltd., Apple Inc., Bose Corporation, BYD Co Ltd., Plantronics, Inc., Energizer Holdings, Inc., and JVC Kenwood Corporation.

Key Findings of the Mobile Phone Accessories Market:

  • The headphones segment accounted for the highest share in 2016 with $60,743.0 million, growing at a CAGR of 2.5% from 2017 to 2025.
  • The offline segment generated the highest revenue, accounting for $157,332 million in 2016.
  • Asia-Pacific is expected to dominate the market, in terms of market share of 46.50%, during the forecast period.

Curious? Need more details? The request a sample of the “Mobile Phone Accessories Market” report.