VALLEY COTTAGE, N.Y.--(BUSINESS WIRE)--The global mobile phone accessories market, valued at US$ 58.55 Bn in 2015 is expected to amplify at 6.9% CAGR through 2025 and reach US$ 121.72 Bn in value. These findings are according to a new market research report, “Mobile Phone Accessories Market: Global Industry Analysis and Opportunity Assessment 2015-2025” by Future Market Insights (FMI).
FMI has segmented the global mobile phone accessories market on the basis of product type, price range, distribution channel, and region.
On the basis of product type, the mobile phone accessories market is further segmented into,
- Protective case
- Memory Card
- Power Bank
- Portable Speaker
Among these, power bank is expected to witness robust demand during the forecast period, gaining 230 BPS between 2014 and 2025.
On the basis of distribution channel, FMI has segmented the mobile phone accessories market into multi-brand store, single store, and online store. Among these online store is expected to witness the highest CAGR, expanding at a CAGR of over 9% during the forecast period. Multi-brand stores are expected to remain the most dominant distribution channel, accounting for 41% market share by 2025.
FMI has also segmented the global mobile phone accessories market on the basis of price range. The key segments on the basis of price range include premium, mid, and low.
Low price mobile phone accessories are expected to gain 70 BPS during the forecast period, accounting for a market share of 30.4% by 2025. Although mid-price mobile phone accessories segment is expected to lose 120 BPS during the forecast period, FMI expects it to remain dominant in terms of market share.
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Asia Pacific Excluding Japan (APEJ) is expected to account for over half of the share of global mobile phone accessories market by 2025, gaining 710 BPS during the forecast period. The region is also expected to witness the highest growth at 8.3% CAGR during the forecast period.
Future Market Insights is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.