The mobile phone accessories market was valued at US$ 72.9 billion in 2017, and is expected to increase to US$ 132.6 billion by 2026, registering a CAGR of 5.8% over the forecast period from 2018 to 2026, according to a new report published by Coherent Market Insights. Mobile Phone Accessories Market Report, by Product Type (Headphone, Portable Speaker, Protective Case, Bluetooth, Power Bank, and Others), by Distribution Channel(Online and Offline), by Price Range(Premium, Medium and Low),and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
Increasing adoption of E-commerce websites and E-banking are responsible for high demand for smartphones worldwide, which is expected to further contribute to growth of the mobile accessories market. For instance, according to India Brand Equity Foundation Organization, in 2016, e-commerce industry in India, generated revenue of US$ 15 billion and is projected to reach US$ 188 billion by 2025. The factor responsible for increasing usage of E-commerce websites is high number of internet users and facility of E- commerce websites to offer shopping at anyplace and anytime. For instance, according to the Internet World Stats, total number of internet users in 2016 was 3.18 billion in 2015 and it increased to 3.42 billion in 2016.
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Key Trends and Analysis of the Global Mobile Phone Accessories Market:
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