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Mount Market Trends

Report ID: GMI12065
Published Date: Oct 2024
Report Format: PDF

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Mount Market Trends

The evolving designs of phones, bottles, and cameras create lucrative opportunities for the manufacturers in the market for innovation and product development. As devices evolve into slimmer, more compact forms, and even adopt unique shapes like foldable phones, there's an increasing demand for mounts tailored to these innovations. Such mounts not only ensure a secure fit but also optimize functionality.

For instance, In July 2023, iOttie launched its first car mount designed specifically for foldable phones. The mount features a telescopic arm that extends from 4.5" to 6.75" and rotates on a 260° arc, allowing users to position their devices precisely.

Moreover, as phone and camera features evolve—be it through enhanced stabilization, the addition of multiple lenses, or the introduction of novel attachment points—mount manufacturers are seizing these advancements. Innovations such as gimbals and mounts with adjustable arms are at the forefront. The rise of new action camera designs and feature-rich smartphones further drives the demand for specialized mounts.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global mount industry was valued at USD 3.2 billion in 2023 and is estimated to grow at a 7.67% CAGR from 2024 to 2032, driven by the proliferation of smartphones and camera usage.

The magnetic mounts market recorded a CAGR of 8% and is expected to reach USD 3.8 billion by 2032 due to their user-friendly design and quick-release features, particularly in automotive settings.

U.S. mount market is projected to reach USD 800 million by 2032, supported by a robust manufacturing base and significant investment in research and development.

Key players in the industry include Arkon Mounts, National Products Inc. (RAM® Mount), Belkin International, iOttie, Spigen, Inc, Rokform, Scosche Industries, 67 designs, Kenu, and Techmatte.