Published on : Jul 05, 2016
ALBANY, New York, July, 5, 2016 – Given that the use of smartphones will increase globally, the global mobile phone accessories market is expected to exhibit strong growth during the period from 2016 to 2021. Mobile phone accessories such as portable mobile chargers, batteries, protective cases, screen guards, tempered glass, memory cards, and fashionable earphones/headphones, have been in demand due to the rising number of people using smartphones. Advancements in technology have helped manufacturers to introduce new products such as portable speakers and power banks.
These are some of the findings of a research report recently added by Market Research Hub to its vast database. The launch of smartphones such as Samsung S7 and iPhone 7 will propel the demand for mobile phone accessories during the stipulated period, state the analysts.
The 140-page research report, titled ‘Global Mobile Phone Accessories Market Report: 2016 Edition,’ states that the market is expected to exhibit a double-digit growth in the next five years. Factors such as frequent product launches, technical innovations, the rising pool of smartphone users, and the presence of many multinational brands can be held responsible for the growing demand for mobile phone accessories.
Mobile phone accessories supplement the performance and maintenance of smartphones. The rising need to effectively maintain and protect mobile phones from physical damage is predicted to boost the demand for smart accessories such as protective cases. Batteries of the modern multi-purpose smartphones fail to sustain heavy usage. This has led to the growing demand for portable chargers such as power banks. Leading companies are concentrating on introducing high-capacity power banks that support smartphones.
The number of smartphone users is expected to increase in emerging economies. The global mobile phone accessories market is spread across Europe, the Middle East and Africa, Asia (except China), China, and North America. The rising purchasing power of people in China, Japan, and India makes Asia Pacific one of the most lucrative markets for mobile phone accessories. The growing use of smartphones such as iPhones and Samsung S7 and S7-edge in the United States will boost the North America mobile phone accessories market.
Manufacturers of mobile phone accessories are taking consistent efforts to adopt new technologies to manufacture innovative products. The availability of many distribution channels is helping leading players to increase their sales of mobile phone accessories. The global market for mobile phone accessories operates via various distribution channels such as multi-branded stores, single-brand stores, online stores, and supermarkets. With the rise of e-commerce, online stores have become the most used platform to buy smartphones.
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The entry of local manufacturers will make the global mobile phone accessories market highly competitive for the leading players. However, leading players are engaged in launching new stylish mobile gadgets and protective accessories to fulfill the changing preferences of consumers. Smartphones are prone to physical damages and thus the demand for protective devices such as tempered glass, cases, and screen guards is on the rise. Additionally, the demand for fashionable mobile accessories is also expected to increase double-fold. All these factors are projected to propel the global mobile phone accessories market throughout the forecast period.
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