In 2018, Headphone Sales Reached USD 20 Billion in the United States Alone, and it is Continuously Increasing by 27% year over year

Mobile phone accessories are manufactured in bulk due to the more demand by the other regions or more import and export of the mobile phone accessories in different countries so maintaining the standardization of the product becomes difficult for the manufacturer. Products not in the standard quality or size cannot gain customer confidence, leading to a decrease in the demand for mobile phone accessories.        

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Global mobile phone accessories market is expected to reach USD 1, 62,238.12 million by 2027 from USD 95,904.63 million in 2019 growing with a substantial CAGR of 6.9% of in the forecast period of 2020 to 2027. Several advantages are associated with mobile phone accessories products, and their usage is highly increasing in the cell phone industry, especially in developed nations. Hence, companies are launching more products to fulfill their customers' rising demand.          

Increasing demand of smartphones in all age groups across the world will drive the market's growth rate

The increasing demand of smartphone in all regions will positively impact the demand for mobile phone accessories. The demand for the wireless headphones which are connected with all smart phone devices is on increasing demand among the young age groups. The demand for the screen guard and the phone cases have also increased for the protection of the smart phone screen and body which help to increases the life span of the products.

Report Scope and Market Segmentation

Segment Analysis:

Global mobile phone accessories market is categorized into six notable segments which are based on the basis of type, price range, packaging type, distribution channel, sales category and end-use phones.

• On the basis of type, the mobile phone accessories market is segmented into mobile phone case, screen guards, headphone/earphone, cable, power bank, charger, battery, portable speaker, memory card, mount and stands, popsockets, selfie stick and others. In 2020, mobile phone case segment is expected to dominate the market with 38.78% market share because of its two major applications towards mobile phones – protection and personalization of phones for the users. In Asia-Pacific, mobile phone case segment is dominating due to the growing e-commerce industry selling different designs and patterns for a variety of mobile phones in Asia-Pacific region.
• On the basis of price range, the mobile phone accessories market is segmented into low, medium and high. In 2020, mid is expected to dominate the market with 41.06% market share because mid-price range can be formulated with all other types in order to produce the high technology mobile accessories products. In Asia-Pacific region, the mid-price range is dominating because of the huge demand of the mobile accessories products due to the high rate of production of mobile phones.
• On the basis of packaging type, the mobile phone accessories market is segmented into clear view boxes, blister packs, trays, pouches and bags, folding cartons and clamshells. In 2020, clear view boxes is expected to dominate the market with 33.40% market share because it makes the product visible from outside and the supplier need not to damage the packaging on a regular notice while distributing the products.
• On the basis of distribution channel, the mobile phone accessories market is segmented into offline and online. In 2020, offline is expected to dominate the market with a 58.98% market share because the offline mode of buying mobile phone accessories is the easiest way possible in any country or region at affordable prices. In Asia-Pacific region, the offline is dominating because of the presence of huge stores for mobile phone accessories in every supermarket/hypermarket and digital stores.
• On the basis of sales category, the mobile phone accessories market is segmented into white labels/no brand name, brand and third parties. In 2020, white labels/no brand name is expected to dominate the market with 49.28% market share because consumers prefer to use the product for a while and then change the accessory from time to time.

The white labels/no brand name segment will dominate the sales category segment of the mobile phone accessories market

The white labels/no brand name segment will emerge as the dominating segment under sales category with approximately 49.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.

• On the basis of end use phones, the mobile phone accessories market is segmented into smartphones and I phone. In 2020, smartphones are expected to dominate the market with 58.51% due to their cheap price and high prevalence in the market. In Asia-Pacific, smartphones segment is dominating because the countries such as in China, the individuals highly prefer the smartphones more than the iPhone due to its high durability.

The smartphones segment will dominate the end use phones segment of the mobile phone accessories market

The smartphones segment will emerge as the dominating segment end use phones segment. This is because of the growing number smartphones in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players  

Data Bridge Market Research recognizes the following companies as the market players in mobile phone accessories market: Mirkin Research Group (U.S.), Elsevier B.V. (Netherlands), Nanotechnology group. (India), ULVAC (Japan), BOBST (Switzerland), Brother Industries, Ltd. (Japan), KOMORI Corporation. (Japan), Seiko Epson Corporation. (Japan), SPGPrints B.V. (Netherlands), Meyer Burger Technology AG (Switzerland), Methode Electronics. (U.S.), Konica Minolta Business Solutions India Pvt Ltd. (India), Koenig & Bauer AG (Germany), Xerox Corporation. (U.S.), Canon Inc. (Japan), SCREEN Holdings Co., Ltd. (Japan).

Market Development

• In February 2020, SAMSUNG decided to launch a new product named Galaxy Buds+. This development will help the company to increase the product portfolio and revenue in near future
• In May 2020, Plantronics, Inc. decided to launch a new product named Blackwire 8225 with Advanced Hybrid Active Noise Cancelling. This development will help the company to increase the product portfolio and revenue in near future.

Regional Analysis

Geographically, the countries covered in the mobile phone accessories market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in mobile phone accessories market during the forecast period 2020 - 2027

Asia-Pacific dominates the mobile phone accessories market because of the consumption of films and high demand of smartphone within the region.

North America is estimated to be the fastest-growing region in mobile phone accessories market the forecast period 2020 - 2027

North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the high se of mobile phone in the region.

COVID-19 Impact

The COVID-19 pandemic helped the market grow, and the post-pandemic phase will keep the market's growth rate moving forward. The epidemic phase has prompted the widespread adoption of e-wallets and other contactless payment methods. Even though the manufacturing sector was severely affected, bill payments, peer-to-peer transfers, and customer-to-business (C2B) payments all increased during the lockdown.

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