Christy Publications Mobile Phone Accessories Market

Mobile Phone Accessories Market to Witness
Enhanced Growth During 2018-2026
Mobile Phone Accessories Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
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. 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.
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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.