Allied Market Research recently published a report, titled, “Battery Cases Market by Price Range (Low, Medium, and Premium) and Distribution Channel (Online and Offline) – Global Opportunity Analysis and Industry Forecast, 2018-2025”. The study provides an extensive analysis of drivers & opportunities, market size & projections, top-winning strategies, evolving competitive scenario, and major segments. According to the report, the global battery cases market was valued at $4,125.5 million in 2017 and is expected to reach $8,980.2 million by 2025, registering a CAGR of 10.0% from 2018 to 2025.
Mobile phone battery cases are portable devices which offer protection of the device from physical damage and are simultaneously incorporated with lithium-ion batteries for charging the phone. The global battery case market is driven by a surge in demand for smartphones, fueled by internet dependency for personal & business activities. Rapid improvement in the standard of living in developing countries has also increased the per capita income of its inhabitants, facilitating higher consumer buying capacity that results in the purchase of high-end products – such as smartphones and battery cases. As smartphones are used for carrying out numerous daily tasks, there is a growing need for additional battery backup, which further propels the demand for battery cases. However, compatibility issues of battery cases restrain the market growth. Nevertheless, an increase in the need for convenience, in terms of mobility and ease of usage, is expected to create lucrative growth opportunities for the global market.
Medium prices battery cases generate the highest revenue
Based on price range, the global battery cases market is segmented into premium, mid, and low. The medium price range segment led the global battery case market in 2017.
Online based distribution dominates the market
The report bifurcates the global battery cases market into online and offline based on distribution channels. In 2017, the online-based segment dominated the global market.
North America to remain the largest revenue generator through 2025
The study analyzes the battery cases market across North America, Europe, Asia-Pacific, and LAMEA. In 2017, North America contributed the largest revenue to the global market, followed by Europe and Asia-Pacific. While the U.S. dominated the North America market, UK generated the highest revenue in Europe and China in Asia-Pacific. North America is set to maintain its dominance throughout 2025, registering a CAGR of 8.2%. Meanwhile, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period and is estimated to reach $2,114.8 million by 2025.
Key companies in the market
The key players operating in the global battery cases market include Apple, Inc., Samsung, ZAGG Inc., Otterbox, Incipio, EMTEC, ZeroLemon LLC, Alpatronix, Maxboost, and Anker Innovations Ltd. They have adopted various winning strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong foothold in the industry.
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