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Mount Market – By Type, By Material, By Usage, By Adjustable, By Capability, By Price Range, By Usage-application, By End Use, By Distribution Channel, Growth Forecast, 2024 - 2032
Report ID: GMI12065
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Published Date: October 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 150
Countries covered: 18
Pages: 230
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Mount Market Size
The global mount market size was valued at USD 3.2 Billion in 2023 and is estimated to grow at a CAGR of over 7.6% from 2024 to 2032. The market is experiencing significant growth due to the proliferation of smartphones and camera usage. With smartphones becoming a staple in daily life, their use for photography, video recording, and social media has surged. Consequently, this trend has spurred a heightened demand for phone mounts, catering to diverse usability needs across different environments.
Consumers seek mounts that adapt to various scenarios such as bike mounts for outdoor adventures, a tripod for photography, or a car mount for navigation. This adaptability appeals to a broad spectrum of users, from casual hobbyists to professional content creators. With the rise of live streaming and vlogging, there's an increased demand for mounts that ensure stable support for smartphones and cameras, facilitating better audience engagement. This expanding market has fueled innovation, resulting in the creation of advanced and user-friendly mounts. Examples include gimbals, versatile tripods, and multi-functional attachments designed to meet diverse requirements.
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.
Mount Market Analysis
Magnetic mounts are driving the growth of the market with CAGR 8% and expected to reach USD 3.8 billion in 2032. Magnetic mounts are increasingly favored due to their user-friendly design and quick-release features. They offer a convenient solution for users, particularly in automotive settings, who frequently attach or detach their devices. The trend towards minimalist design and user convenience has positioned magnetic mounts as a preferred choice for both vehicles and homes.
Additionally, magnetic mounts offer a strong and secure grip, ensuring that devices stay in place even in challenging conditions, which enhances consumer confidence. Their versatility allows them to accommodate a wide range of devices, from smartphones to tablets and larger electronics. Furthermore, advancements in magnetic technology have improved their strength and performance, contributing to their growing popularity. The sleek and minimalistic design of magnetic mounts also appeals to modern aesthetics, making them a preferred choice.
The phone mount market is expected to reach USD 3.1 billion in 2032. The phone mount segment remains the largest and most dynamic, driven by the widespread use of smartphones in daily life. These mounts are crucial for hands-free navigation and communication in vehicles and are increasingly popular in cycling, fitness, and home settings. According to the Consumer Technology Association, the demand for smartphone accessories, including phone mounts, continues to grow, with innovations such as wireless charging mounts and versatile magnetic options appealing to tech-savvy and professional users.
The mount market in the United States is expected to reach USD 0.8 billion in 2032 due boasts a robust manufacturing base that supports high-quality production, backed by significant investment in research and development. This focus on innovation fosters advancements in materials and technologies, catering to diverse industry needs across sectors like automotive, aerospace, and electronics. The rapid adoption of automation and e-commerce further enhances competitiveness and demand for effective mounting solutions.
Mount Market Share
Globally, National Products Inc. (RAM® Mount), Scosche Industries, 67 Designs, FIDLOCK, iOttie, Kenu companies like a combined 2-5% share of the market, showing a competitive landscape. Companies such as National Products Inc. (RAM® Mount), Scosche Industries, 67 Designs, FIDLOCK, iOttie, and Kenu hold market shares of 2 to 5% in the mounting solutions sector due to a combination of factors.
Primarily, these companies focus on niche markets, like automotive and mobile device mounts, allowing them to effectively meet specific customer needs and foster strong brand loyalty. Their commitment to innovation results in unique product offerings that differentiate them, even if their overall market share is relatively small. The competitive landscape is quite dense, with numerous established brands and new entrants vying for attention, which constrains the share of individual companies.
Mount Market Companies
Major players operating in the mount industry are:
Mount Industry News
This mount market research reports includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD billion) & volume (thousand units) from 2021 to 2032, for the following segments:
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Market, By Type
Market, By Material
Market, By Usage
Market, By adjustable
Market, By Capability
Market, By Price Range
Market, By Application
Market, By Usage- application
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: