Mobile Accessories Market Analysis

Mobile Accessories Market Analysis

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Based on the product type, the market is divided into Earphones & headphones, chargers & cables, power banks, protective cases and others. In 2023, Protective cases held the dominant market of USD 25.57 billion and is expected to reach USD 40.6 billion by 2032. Protectives cases are designed to provide safety and protection to the smartphones. These are the essentials accessories that every smartphone user buyer to protect their mobile and avoid damages such as screen breaking and body damage. Due to protection to mobiles, there is a demand for protective cases.
 

Whereas earphones and headphones are second highest purchased accessories. Consumers are looking to have an enhanced audio experiences pushing manufactures to come up with high audio quality headphones and earphones and features such as noise cancellation and different range of styles is contributing to the growth of the segment.
 

Based on distribution channel, the mobile accessories market is categorized into online and offline. In 2023, the offline segment held the dominant market share of 67% and is anticipated to grow through the years. The dominance of offline segment is due to various factors such as hands on experiences, customer assistance support and easy replacing policies.
 

Consumers are preferring to buy mobile accessories offline as it offers hand on experiences. Consumers can physically tryout the accessories and have a real look feel and then make a final buying decision. Another factor is manufacturers and retailers provide an excellent assistance and support while purchasing accessories as well and post-sale service also. Lastly easy replacement policies and security concerns id driving consumers to shop from offline segment to have a seemless buying experience.
 

Asia pacific held a market of around USD 38.38 billion in 2023 and is expected to reach USD 70.62 billion by 2032. The regions dominance is due to the presence of manufacturing hubs in China, Taiwan and south Korea. These countries are known for their highly technical advancements further driving manufacturers to come up with new products and cater to the growing needs of consumers.
 

Another factor of dominance is due to the low affordability. As Asia pacific is hub for smartphones and mobile accessories. Manufactures have an advantage of manufacturing accessories at an affordable rate and then trade it globally.
 

Due to the presence of tech savvy consumers in North America it enables consumers to spend more on new technologies and accessories. Consumers in north America priorities the quality driving the demand for mobile accessories in the region.  
 

The market in U.S. is set to grow through a CAGR of 5.6% through the forecast time. The worlds largest tech mobile company like apple. These are leading the innovation in mobile accessories and setting the benchmark for other companies out globally.
 

China is supposed to grow at the rate of 5.1% in the region. China is known as the manufacturing hub. The country has an advanced technology and strong supply chain and cost-effective production capability driving the demand for the productions of mobile accessories.