Global Smartphone Accessories Market to Register 8.16% CAGR Through 2024

July 29, 2020

As per the report titled ‘Global Smartphone Accessories Market: Analysis By Type, By Sales Channel (Online, Offline), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, Asia Pacific, ROW), By Country available with Market Study Report LLC, global smartphone accessories market is projected to accrue substantial gains, expanding with a CAGR of 8.16% over 2019-2024.

Based on the product type, global smartphone accessories market is categorized into phone cases, screen protectors, headphones/ earphones, power banks, battery chargers, and others. Among these, the headphones/ earphones segment recorded decent growth rate in the previous years due to presence of vast variety of options as well as surging use in sectors like healthcare, fitness, personal assistance, etc. On the basis on distribution channel, the market is bifurcated into offline and online.

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Considering the regional landscape, global smartphone accessories market is classified into North America (Canada, United States), Asia-Pacific (India, China, Japan), Europe (Germany, Italy, Turkey, United Kingdom), and Rest of the World. Among these, Asia-Pacific region accounted for majority market share in the year 2019 owing to rising tech-savvy population and vast customer base. Additionally, rapid urbanization and digitalization, coupled with high per capita expense on electronics is slated to propel the industry growth in the ensuing years.

Major manufacturers operating in global smartphone accessories market are Samsung Electronics Co., Ltd., Sony Corporation, Apple Inc., JVC Kenwood Corporation, Xiaomi Corporation, Cellularline, Plantronics, Inc., Bose Corporation, and Sennheiser electronic GmbH & Co. KG.

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