Mobile Phone Accessories Market Size, Share, Trends, Growth and Forecast 2032

Mobile Phone Accessories Industry Prospective:

The global mobile phone accessories market size was evaluated at $275 billion in 2023 and is slated to hit $371 billion by the end of 2032 with a CAGR of nearly 3.5% between 2024 and 2032.

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Mobile Phone Accessories Market: Overview

Mobile phone accessories are key items that improve the functions and personalization of smartphones. Moreover, there are a large number of accessories available in mobile stores that fulfill the requirements of the end-users.

Reportedly, there are various kinds of mobile phone accessories that include power banks, adapters, USB cables, screen protectors, mobile covers & cases, Bluetooth speakers, headphones, earphones, tripods, mobile holders, camera lenses, and pop sockets.

Key Insights

• As per the analysis shared by our research analyst, the global mobile phone accessories market is projected to expand annually at the annual growth rate of around 3.5% over the forecast timespan (2024-2032)
• In terms of revenue, the global mobile phone accessories market size was evaluated at nearly $275 billion in 2023 and is expected to reach $371 billion by 2032.
• The global mobile phone accessories market is anticipated to grow rapidly over the forecast timeline owing to rising acceptance of smartphones and technological breakthroughs.
• In terms of product type, the headphones & earphones segment is slated to register the highest CAGR over the forecast period.
• Based on distribution channel, the online segment is predicted to contribute majorly towards the global industry surge in the ensuing years.
• On the basis of end-user, the mid-range segment is likely to maintain segmental domination in the forthcoming years.
• Region-wise, the North American mobile phone accessories industry is projected to register the fastest CAGR during the assessment timespan.

Mobile Phone Accessories Market: Growth Factors

Escalating demand for electronic gadgets will drive the global market demand over forecast period

Rising acceptance of smartphones and technological breakthroughs are some of the major factors driving the global mobile phone accessories market growth. Moreover, the flourishing e-commerce sector, along with changing customer choices, will proliferate the growth of the market across the globe.

Furthermore, the growing need for personalizing smartphones is likely to culminate in a huge demand for mobile phone accessories. Humungous need for improving connectivity between people through smartphones will spur the global market expansion in the coming years.

Mobile Phone Accessories Market: Restraints

An increase in the sale of duplicate products to inhibit the growth of the industry globally

Easy availability of counterfeit products and the lack of standardization can slow down the growth of the global mobile phone accessories industry. Furthermore, compatibility issues and cutthroat competition between players can obstruct the growth of the industry globally. A rise in the costs of producing mobile phone accessories can lead to a decline in the growth of the industry across the globe.

Mobile Phone Accessories Market: Opportunities

Humungous purchase of wireless devices and need for improving smartphone operations to steer the global market

Escalating use of wireless accessories and the growing focus of customers on sustainable & eco-friendly equipment for mobiles will open new growth avenues for the global mobile phone accessories market.

Furthermore, easy access to smart accessories that improve smartphone functionality & connectivity will boost the expansion of the global market. For the record, smart home watches, smart watches, and fitness trackers have enhanced the connectivity and functionality of smartphones.

Mobile Phone Accessories Market: Challenges

Consistent launch of smartphones with additional features can challenge the industry growth globally

Technological obsolescence and price sensitivity can challenge the expansion of the global mobile phone accessories industry. Furthermore, economic recessions can create a big hurdle in the growth path of global industry. Constant updates in smartphone models can lead to a reduction in the life cycles of accessories and make it difficult for product manufacturers to adapt to the swiftly changing scenario witnessed in the mobile technology domain. This, in turn, can severely impact the progression of the industry across the globe.

Mobile Phone Accessories Market: Report Scope

Mobile Phone Accessories Market: Segmentation

The global mobile phone accessories market is divided into product type, distribution channel, price range, and region. 

In terms of product type, the mobile phone accessories market across the globe is segmented into memory cards, protective cases, cables & adapters, chargers & power banks, headphones & earphones, and screen protectors segments. Apparently, the headphones & earphones segment, which garnered nearly half of the global market earnings in 2023, is projected to record the fastest CAGR in the next couple of years owing to the huge demand for headphones and earphones, technological breakthroughs, and a rise in the use of streaming solutions.

Based on the distribution channel, the global mobile phone accessories industry is sectored into offline and online segments. Furthermore, the online segment, which dominated the global industry share in 2023, is set to contribute notably towards the global industry progress over 2024-2032. This can be due to a rise in online retail activities along with a surge in direct-to-customer sales. Moreover, growing web penetration and a rise in online tools promoting & advertising various brands are likely to augment the segmental growth.   

On the basis of price range, the global mobile phone accessories market is segregated into low-end, premium-end, and mid-range segments. Moreover, the mid-range segment, which led the segmental growth in 2023, is likely to retain its segmental dominance in the forecasting years as a result of humungous demand for mid-range accessories owing to their cost-efficiency, high quality, and extensive availability.

Mobile Phone Accessories Market: Regional Insights

Asia-Pacific is likely to maintain leading position in the global market over the assessment timeframe

Asia-Pacific, which accounted for about two-thirds of the global mobile phone accessories market size in 2023, is expected to establish a stronghold in the global market during the forecast period. Additionally, the regional market expansion in the coming seven years can be due to a surge in smartphone use in countries such as India and China. Furthermore, China is a key production hub for smartphones and their accessories, thereby providing cost-effective products along with a wide range.

North American mobile phone accessories industry is anticipated to register the highest CAGR in the expected timeframe. The rapid progression of the industry in North America can be credited to huge customer preference for premium accessories. Furthermore, rise in the smart technology use in smartwatches, household devices, and fitness trackers will steer the expansion of industry in North America.   

Mobile Phone Accessories Market: Competitive Space

The global mobile phone accessories market profiles key players such as:

• Conekt Gadgets
• Philips
• Belkin
• Realme
• Samsung Electronics
• boat
• Xiaomi
• Syska
• Apple Inc.
• Portronics
• Logitech
• Gonoise
• KDM Telecom Solutions Pvt. Ltd.
• Brand Works

The global mobile phone accessories market is segmented as follows:

By Product Type

• Memory Cards
• Protective Cases
• Cables & Adapters
• Chargers & Power Banks
• Headphones & Earphones
• Screen Protectors

By Distribution Channel

• Offline
• Online

By Price Range

• Low-End
•  Premium-End
•  Mid-Range

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa