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The global car mobile holder market size was valued at USD 565.6 million in 2023 and is estimated to grow at a CAGR of over 4.3% from 2024 to 2032. Stricter safety regulations is driving the car mobile holder industry. As mobile phone usage while driving increases, which leads to accidents governments and regulatory bodies are enforcing tougher laws to promote safer driving.
For instance, the National Highway Traffic Safety Administration (NHTSA) reported 3,308 deaths due to distracted driving in 2022, leading to stricter hands-free laws. These regulations boost the demand for car mobile holders. Additionally, growing consumer awareness about the dangers of distracted driving is increasing the demand for safer phone usage solutions. This combination of regulatory support and consumer awareness is accelerating the growth of the market.
Report Attribute | Details |
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Base Year: | 2023 |
Car Mobile Holder Market Size in 2023: | USD 565.6 Million |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 4.3% |
2032 Value Projection: | USD 862.9 Million |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 370 |
Tables, Charts & Figures: | 296 |
Segments covered: | Type, mounting location, material, pricing, distribution channel, region |
Growth Drivers: |
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Pitfalls & Challenges: |
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As navigation apps gain traction among drivers, the demand for car mobile holders is further increased. With drivers increasingly depending on these apps for real-time directions, traffic updates, and optimized routes, the need for secure and easily accessible car mobile holders has increased. These holders enable users to position their devices safely for hands-free navigation, boosting both convenience and safety on the road. Thus, the heightened dependence on navigation technology is driving the market.