Global Mobile Accessories Market By Type (Earphones/Headphones, Charger, Power Bank, Protective Cases & Others) By Distribution Channel  (Online & Offline), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

The global mobile accessories market was estimated at USD 295.5 billion in 2022. It is anticipated to expand at a CAGR of 7.5% from 2022 until 2032. It will reach a valuation of USD 598.1 billion by 2032.

The market for mobile accessories is predicted to grow due to the growing demand for smartphones since they are a powerful method of communication across the world. This is expected to propel the market during the coming years. In addition, the growing demand for wireless gadgets, along with the constant evolution of technology, will drive this market in the coming years. For instance, companies are developing the most advanced technologies, like wireless speakers and headsets. This has increased the popularity of the market in recent years.

Note: Actual Numbers Might Vary In The Final Report

Key Takeaways

• Rapid Growth: The global mobile accessories market is expected to grow at a CAGR of 7.5% and reach USD 598.1 billion by 2032.
• Driving Factors: Increased smartphone usage and advancements in technology are fueling the demand for mobile accessories.
• Leading Segment (2022): Protective cases accounted for a significant market share of 32.4%.
• Distribution Channel Market Share: The offline market contributed a 69% share of total revenue, while the online segment is expected to grow at a CAGR of 7.4%.
• Regional Market Share (2022): Asia Pacific held the largest share of 41%, with China contributing 56.3% of the region’s total income.
• Key Players: Major players in the mobile accessories market include Samsung Electronics Co. Ltd., Apple Inc., Google Inc., SanDisk, Belkin International Inc., Harman International Industries, among others.
• Growth Opportunities: Increasing smartphone adoption and the rise of online marketplaces offer significant growth potential.

Driving Factors

The market for mobile accessories is primarily driven by the increased use of smartphones worldwide. The need for accessories like cases, screen protectors, and chargers rises as more people possess smartphones. The ongoing improvements in mobile technology, such as better camera capabilities, bigger displays, and quicker CPUs, drive the demand for complementary accessories.

Tripods and lenses for mobile photography serve the expanding need for smartphone photography. Mobile devices are being used more and more by consumers for a variety of purposes, including communication, entertainment, work, and fitness tracking. Due to this demand, there is a surge in the use of devices like wireless headphones, portable speakers, and smartwatches that improve the usability and convenience of these activities.

Restraining Factors

With a sizable portion of the population owning smartphones, the global smartphone market has reached saturation. When the pool of possible customers narrows, the need for mobile accessories may be constrained. Longer replacement cycles are being caused by smartphones becoming more reliable and durable. Before purchasing newer versions, consumers are keeping their smartphones for longer.

The market for mobile accessories is growing, although this tendency decreases the frequency of accessory purchases. The cost of smartphones and mobile accessories has been reduced due to rising competition and technological developments. This may have a negative effect on the profitability of accessory suppliers and manufacturers, making it difficult for them to maintain expansion and innovation. Mobile accessories are frequently made to work with particular mobile devices.

By Type Analysis

The protective cases market had a leading share of 32.4% in 2022 and is predicted to rise rapidly in the next years. The market is projected to be driven by increasing demand for cases due to frequent product modifications among female consumers. Additionally, several smartphone manufacturers, like Apple, prefer specific cases to accentuate the emblem on the back of their products. This is accelerating market expansion during the anticipated term.

A CAGR of 7.5% is anticipated for the headphone market segment over the forecast period. The increasing sophistication of headphones, also driving the market expansion for headphones, is one of the most emerging trends in the mobile sector.

By Distribution Channel Analysis

The offline market dominated the market for mobile accessories and contributed a 69% share of total revenue. Rising demand for expensive gadgets like smartwatches and mobile camera lenses and the perceptions of issues with shipping fragile products are driving the segment’s growth. The traditional way of shopping and the differences in prices in local stores and wholesale markets are some of the primary reasons for the segment’s growth.

The online segment is expected to grow at a CAGR of 7.4% over the forecast time. Increasing internet penetration in rural regions, quicker and more reliable delivery from numerous online portals, and alternatives to replace items are the main factors driving the segment. Furthermore, young working consumers with busy schedules prefer to shop online instead of offline due to the ease of access and delivery service. These are the main factors driving the market’s growth within the timeframe.

Note: Actual Numbers Might Vary In The Final Report

Key Market Segmentation

By Type

• Earphones/Headphones
• Charger
• Power Bank
• Protective Cases
• Others

By Distribution Channel

• Online
• Offline

Growth Opportunity

Global smartphone adoption has enormously increased the market for mobile accessories. The demand for accessories like phone cases, screen protectors, chargers, and headphones has significantly increased as more people acquire smartphones. Mobile device technological developments have given rise to new accessory category developments.

For instance, there is a booming market for pads and stands for wireless charging because of the increasing popularity of wireless charging. Like true wireless earbuds, the market for wireless earphones has increased in popularity. The rapid development of online marketplaces for retail and e-commerce has made it much easier and more convenient for consumers to purchase mobile accessories. The wide selection of online channels as well as the low cost and convenience, are the reason behind the market’s growth.

Latest Trends

Wireless charging has gained notable popularity in recent years. There is an increased demand for wireless charging pads, stands, and other accessories that support this technology. True wireless earbuds have become a mainstream accessory as consumers seek the convenience of wire-free listening.

The market is witnessing advancements in features such as active noise cancellation (ANC), improved battery life, touch controls, and water resistance, catering to different consumer needs and preferences. Integrating mobile devices with wearable technology has created a market for smartwatches, fitness bands, and health-monitoring accessories. These accessories offer fitness tracking, heart rate monitoring, sleep tracking, and smartphone notifications, enhancing the overall user experience.

Regional Analysis

With a 41% market share in 2022, Asia Pacific was the largest region and is expected to experience rapid expansion in the next years. China had the largest contribution in the Asia Pacific and was responsible for 56.3% of the region’s total income in 2022. The area’s significant market expansion drivers are the high utilization of various mobile accessories, low-cost product innovation, and China’s leadership in the mobile phone sector.

Due to the significant demand from developing nations like the UAE and Saudi Arabia, the Middle East and Africa are the two regions with the fastest-growing economies. The market is expected to be driven by factors such as evolving lifestyles and rising disposable income Additionally, the demand for cell phones is growing.

Note: Actual Numbers Might Vary In The Final Report

Key Regions and Countries

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Key Players Are Implementing Numerous Strategies

There are so many unstructured dealers in the market, thus there are only moderate to low entrance barriers. Technology innovation, mergers and acquisitions, and joint ventures all numerous strategies that further propel the market growth.

For instance, phones from the One Plus brand are compatible with fast chargers. After then, the company that makes these gadgets has developed chargers that work with all of them and charge them quickly. A Notable portion of the companies’ revenue is also spent on research and development because technology is constantly changing in this sector. The market players need to know the consumers’ need for the goods to get a competitive edge.

Top Key Players in Mobile Accessories Market

• Samsung Electronics Co. Ltd.
• Apple Inc.
• Google Inc.
• SanDisk
• Belkin International Inc.
• Harman International Industries
• Aukey
• Groove Made Walnut
• Anket Power Core
• UE Boom
• Other Key Players

Recent Developments

• In October 2022, Google LLC launched its new Pixel 7, Pixel 7 Pro, phones, the Tensor G2 chip, and the Pixel watch at Made by Event in New York. Google’s Pixel 7 and Pixel 7 Pro include a redesigned camera in the back. The phone has a polished aluminum finish and an aluminum camera bar
• In April 2022, Samsung Electronics Co., Ltd. announced a partnership with plant-based designer Sean Wotherspoon to launch an eco-friendly smartphone case and watch accessories. The device accessories are all sourced sustainably using 100% recycled materials. Also, all the cases and watch bands are biodegradable
• In February 2022, Belkin released its brand new line of connectivity products based on Intel’s Thunderbolt 4 controller; the Thunderbolt 4 cable, and the CONNECT Pro Thunderbolt 4 Dock, which provides features such as dual display compatibility for content up to 4K at 60Hz, quick charging, and more

Report Scope