From GlobeNewswire: 2024-06-24 07:15:00

The global mobile phone accessories market is booming, with a value of US$ 92.76 billion in 2021, expected to grow to US$ 151.97 billion by 2028. The demand for protective accessories like covers and screen protectors is driven by the rise of expensive high-end smartphones worldwide, aiming to prevent damage from accidental drops and falls.

Key market drivers include the increase in smartphone users globally, with over 3.5 billion reported in 2022, leading to a surge in demand for accessories such as power banks, chargers, headphones, and protective cases. Wireless technology in headphones is gaining popularity for its convenience and portability, fueling market growth further.

Protective covers and cases are the fastest-growing product segment, offering increased durability and a wide variety of designs. Wireless audio devices are on the rise, with Bluetooth enabled headphones gaining traction. USB chargers are witnessing strong growth due to universal compatibility, while portable battery packs are in demand as smartphone battery lives struggle to keep up with usage times.

Consumer preference for protective covers to prevent damage to smartphones is boosting market growth, with multi-brand stores being the major distribution channel in 2024. The market is projected to grow at a CAGR of 7.3% from 2021-2028, driven by smartphone sales and consumer awareness of protective accessories. North America is expected to lead the market, with key players like Panasonic, Samsung, and Apple dominating the industry.



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