Mobile Phone Accessories Market: By Product Type (Protective Cases, Screen Protectors, Headphone, Charger, Power Bank, Others), By Distribution Channel (Online Retail, Offline Retail), By Packaging Type (Folding Cartons, Clear View Boxes, Pouches & Bags, Clamshells, Blister Packs, Trays)and Geography, and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2028

Description

Market Overview: Global Mobile Phone Accessories Market size was valued at USD 83.40 billion in 2022 and is projected to rise from USD 89.07 billion in 2023 to USD 150.77 billion by 2031, increasing at a CAGR of 6.8% throughout the forecast period of 2024-2031.The mobile phone is important in contemporary daily life. The increasing adoption of smart phones, which offer efficient connectivity to the digital realm, considerably drives the mobile phone accessories market. In addition, the growing need for wireless accessories aids in market expansion. This increase in need stems from a shift in consumer preferences toward listening to music on portable devices including smart phones and tablets.

Market Size for Global Mobile Phone Accessories Market on the Basis of Revenues in USD Bn , 2018-2023

Source: Maven Market Research

What Factors are Leading to the Growth of the Global Mobile Phone Accessories Market:

• The requirement for mobile phone accessories is projected to increase due to the growing popularity of smartphones as a highly effective communication tool across the globe, propelling market growth in the forecast period.
• The market is projected to increase due to the growing demand for wireless devices and the constant technological advancements in the industry. Companies frequently launch new and sophisticated technologies like wireless headsets and speakers, which are propelling the market demand.
• The increasing adoption of smartphones among teenagers has led to increased requirements for precise accessories, including mobile covers and headphones. Market growth is also surged by the young working population, whose developing preferences and outlook considerablypropel the overall market expansion.

Which Industry Trends have been Fueling the Market Growth?

Constant Technological Innovations: As smartphones incorporate innovative features including wireless charging, different camera systems, and high-definition displays, accessory producers respond by introducing complementary products that improve these functionalities. Wireless charging pads and stands leverage the suitability of wireless technology, while improved camera lenses and clip-on accessories enhance photography competencies. Additionally, accessories including screen protectors are designed to maintain the precision of high-resolution displays. This dynamic interplay between technological innovations and accessory development introduces a symbiotic relationship, propelling continuous evolution and growth in both sectors.

Rapid Demand For Smartphones: In today’s technological era, the requirement for smart gadgets including smartphones, smart wearables, and tablets is witnessing exponential growth. Smartphones have revolutionized international communication, allowing instant connections through SMS, text messages, calls, video chats, and different applications. They are suitably pocket-sized, and lightweight, and offer choices for every budget, including cost-effective models. Additionally, the entertainment features offered by smartphones have further driven their demand.

Rising Trend of Personalization and Customization: Cases, skins, and grips are easily accessible in a broad variety of colors, patterns, and materials, enabling users to express their exclusive style preferences. This aspect specificallyfascinates to younger generations who want to stand out and present their identity through their devices. The need for personalization extends beyond aesthetics; users also look for functional accessories that fit their lifestyles, such as armbands for fitness enthusiasts or magnetic car stands for frequent travelers. Manufacturers that offerdifferent customization options and supply to precise user requirements position themselves advantageously in this competitive market, where accessories become an image of the user’s personality and demands.

What is the Current Structure for Global Mobile Phone Accessories Market?

By Product Type, Protective Cases Segments Registered the Largest Market Share in the Global Market

The protective cases segment held a leading market share and is expected to witness significant growth in the near future. The growingneed for cases, particularly among female customers who regularly update their products, is projected to propel market expansion. Additionally, advancements in material compatibility, including cases designed to highlight the Apple logo, are propelling demand. These factors are driving the growth of the mobile accessories market in the forecast period.

By Distribution Channel, Online Retail Segment Dominated the Highest CAGR in the Global Market

Online retail has dominated the market, grasping a significant share of overall revenue. The foremost drivers for this growth include the growing adoption of e-commerce platforms and the suitability of online shopping. Consumers can easily compare prices, access a broader variety of products, and shop from the ease of their homes, making online retail afascinating choice. In addition, the obtainability of different payment choices and fast delivery services has further strengthened the dominance of this segment.

By Region, Asia Pacific Registered the Highest CAGR in the Global Market

The Asia Pacific region fosters a vast and varied population that presents a significant fondness for mobile technology. With an increasing middle class and growing smartphone penetration, countries including China, India, and Southeast Asian nations present a significant market owing to the sheer number of potential consumers. In addition, the region’s rapid economic development has led to higher disposable incomes, enabling consumers to invest in improving their overall mobile device experiences with accessories. This trend is specifically noticeable among young consumers who focus to stay in tune with international technology trends.The growing mobile gaming industry across Southeast Asia and China is projected to propel the requirement for mobile gaming accessories and headphones in the forecast period. Different manufacturers, comprising Panasonic, Sony, OnePlus, and Samsung, are introducing innovative mobile phone accessories, thereby propelling market growth across the region.

Competitive Analysis

Some of the top industry players in Mobile Phone Accessories Market are, Google (Alphabet Inc), Samsung, Apple, Harman International Inc., Belkin International Co., Aukey, Anker Powercore, UE Boom, BYD Company Ltd, Panasonic Corporation, Plantronics, Zebronics, Sony Corporation, OnePlus Technology Co. Ltd, Nothing Technology Limited and Bose Corporation, etc.The market for mobile phone accessories is highly competitive, with different local and international players competing for market share. To meet the rising consumer demand, organizations are constantly investing in research and development to introduce innovative mobile phone accessories. Additionally, businesses are aiming on strategic alliances and collaborations to enlarge their market presence and fascinate a broader consumer base.Moreover, the trend of utilizing mobile phone accessories as fashion statements is driving companies to highlight product design and aesthetics to stand out across the market.

Market Segmentation

Global Mobile Phone Accessories Market, by Product Type

• Protective Cases
• Screen Protectors
• Headphone
• Charger
• Power Bank
• Others

Global Mobile Phone Accessories Market, by Distribution Channel

• Online Retail
• Offline Retail

Global Mobile Phone Accessories Market, by Packaging Type

• Folding Cartons
• Clear View Boxes
• Pouches & Bags
• Clamshells
• Blister Packs
• Trays

Global Mobile Phone Accessories Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • Russia
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa

Market Players Included

• Anker Technology UK Ltd.
• Apple Inc.
• AUKEY Online
• Bose Corp.
• Callmate India Pvt. Ltd.
• Case Mate Inc.
• Hon Hai Precision Industry Co. Ltd.
• HP Inc.
• Intex Technologies India Ltd.
• JVCKENWOOD Corp.
• Koninklijke Philips N.V.
• LG Electronics Inc.
• Logitech International SA
• Panasonic Holdings Corp.
• Samsung Electronics Co. Ltd.
• Sennheiser Electronic GmbH and Co. KG
• Skullcandy Inc.
• Sony Group Corp.
• Vinci Brands LLC
• Xiaomi Communications Co. Ltd.