Global Mobile Phone Accessories Market Size, Share, Growth Analysis, By Type(Protective Cases and Screen Protectors), By Distribution Channel(Online Retail and Offline Retail) - Industry Forecast 2023-2030

Global Mobile Phone Accessories Market size was valued at USD 82.90 billion in 2021 and is poised to grow from USD 83.40 billion in 2022 to USD 132.18 billion by 2030, growing at a CAGR of 6.8% during the forecast period (2023-2030).

The demand for mobile phone accessories is poised for significant growth, driven by the widespread popularity of smartphones as a primary means of communication globally. The continuous expansion is anticipated in the forecast period, fuelled by the increasing preference for wireless devices and ongoing technological advancements in the industry. Companies' relentless introduction of new and advanced technologies, such as wireless headsets and speakers, contributes to the heightened market demand. The surge in smartphone adoption among teenagers has led to an upswing in specific accessory demands, including mobile covers and headphones. The dynamic preferences of the young working population, influenced by changing outlooks, further propel market growth. For instance, women frequently changing their phone covers and men opting for accessories like headphones and fast chargers significantly impact overall market dynamics. Moreover, mobile accessories gain popularity for simplifying and streamlining smartphone usage. The introduction of smartwatches, facilitating easy notification viewing and call reception without retrieving the phone, and the convenience offered by power banks for extensive smartphone users and frequent travellers contribute to market growth. Additionally, the increasing quality and features of smartphones at decreasing prices attract a larger consumer base, leading to heightened demand for phone safety and security. The contemporary consumer is inclined towards keeping their phones not only safe but also trendy and fashionable. Furthermore, the growth in internet penetration, coupled with artificial intelligence integrated by online retailers providing pop-up notifications about new products, serves as a notable factor contributing to the expanding market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mobile Phone Accessories Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report

Global Mobile Phone Accessories market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into protective cases, and screen protector. Based on distribution

channel, the market is segmented into online retail, and offline retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers:

A key driver of the global mobile phone accessories market is the increasing consumer demand for wireless devices and advanced accessories like wireless headsets and speakers. The convenience and flexibility offered by wireless devices, enabling users to operate without physical connections, contribute significantly to this trend. Additionally, the ongoing technological advancements and the growing adoption of smartphones, particularly among teenagers, play a crucial role in driving the market. Consumers seek to stay abreast of evolving technologies, propelling the demand for innovative mobile phone accessories.

Restraints:

A notable challenge faced by the global mobile phone accessories market is the widespread availability of counterfeit products. The presence of fake and substandard items not only undermines the credibility of genuine products but also poses risks to consumer safety and security. Furthermore, the prevalence of inexpensive counterfeit alternatives contributes to a decline in the demand for authentic, high-quality mobile phone accessories. This challenge hampers market growth and presents obstacles for genuine manufacturers striving to establish their presence.

Market Trends:

As smartphones solidify their dominance in the consumer electronics realm, emerging as primary tools for capturing photos and videos, users increasingly seek to elevate their photography experiences. This trend has spurred the development of a diverse array of accessories designed to meet the growing demand for enhanced camera capabilities and user-friendly photography solutions. These innovations span a broad spectrum of products, encompassing attachable lenses that offer wide-angle, macro, fisheye, and telephoto capabilities, empowering users to capture a wider range of shots with their smartphones.