Mobile Accessories Market Size Worth USD 110.6 Billion By 2025 Due To Increase In Use Of Smartphones Among Millennial Population | Grand View Research, Inc.

March 01 13:22 2021
Mobile Accessories Market Size Worth USD 110.6 Billion By 2025 Due To Increase In Use Of Smartphones Among Millennial Population | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., increase in use of smartphones among millennial population is likely to influence the demand for mobile accessories in the coming years.

According to the report, “Mobile Accessories Market Size, Share & Trends Analysis Report By Product Type (Earphone/Headphone, Protective Cases), By Distribution Channel, By Region, And Segment Forecasts, 2019 – 2025”, the growing demand for latest smartphones and rise in popularity of mobile accessories stands pivotal for market development in the current scenario. Growing adoption of smartphone among teenagers is a major factor boosting the market demand. 

Increasing quality and features of the smartphones with decreasing prices has led to an increase in the number of consumers for the product, which eventually increases the demand for safety and security of the phones. The consumer in the modern times don’t bother to go an extra mile to keep their phone safe, trendy, and vogue. Increasing internet penetration, coupled with artificial intelligence incorporated by the online retailers that gives pop-up notification to the users about the product, is also a prominent factor for the market growth.

The latest trend of fast chargers, high power banks and long-life batteries is on spree since a past few years as the population is on constant travel. In 2019, Zebronics introduced 10,000 mAh power bank that came with a triple USD 2.1A output designed specially for travelers. Innovation in wireless charging solutions have also reflected in better development of global market as there is a huge demand for small-sized bluetooth speakers with high outputs. Light earphones and sporty headphones are already ruling the market.

Further Findings From the Report Suggest:

Countries such as UAE and Saudi Arabia are projected to witness significant growth due to increasing demand for smartphones

The distribution channel, the online segment is anticipated to expand at a CAGR of 7.9% in the forecast period

Rise in young workforce is fueling the adoption of mobile accessories  owing to the changing preferences in the consumer group. The demand for phone covers in the female population is relatively high, which in turn impacts the overall market growth

As compared with women, men population prefer changing their gears such as heaphones and chargers owing to the change in outlook

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Grand View Research has segmented the global mobile accessories market on the basis of product type, distribution channel, and region:

Mobile Accessories Product Type Outlook (Revenue, USD Billion, 2015 – 2025)

Earphones/Headphones

Charger

Power Bank

Protective Cases

Others

Mobile Accessories Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)

Online

Offline

Mobile Accessories Regional Outlook (Revenue, USD Billion, 2015 – 2025)

North America

U.S.

Europe

Germany

U.K.

Asia Pacific

China

India

Middle East & Africa

Saudi Arabia

Central & South America

Brazil

List of Key Players in Mobile Accessories Market:

Samsung

Google

Apple

Harman International Inc

Belkin International Co

Groovermade Walnut

Powercore

UE Boom

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/6135/ibb

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Smartphone Sanitizer Market – https://www.grandviewresearch.com/industry-analysis/smartphone-sanitizer-market

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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