ICT & Electronics Global Mobile Phone Accessories Market Outlook | Page 2

Swelled Disposable Income And Increasing Urban Population Are
Likely To Impel The Growth Of Mobile Phone Accessories Market
Between 2017 And 2023, According To Research Nester
The global mobile phone accessories market is segmented into product type such
as battery, charger, power bank, earphone/headphone, memory card, mobile
phone cases, mobile phone protective cases and mobile phone battery cases.
Increasing number of smart phone users is a major factor which is augmenting
the demand for mobile phone accessories across the globe.
Global mobile phone accessories market is expected to register a robust CAGR
over the forecast period. Moreover, the global mobile phone accessories market
was valued at USD 62,713.4 Million in 2016 and is expected to reach at notable
revenue by the end of 2023. The global mobile phone accessories market is
primarily driven by a number of factors such as rising disposable income of the
consumers coupled with changing lifestyle of medium class population and
availability of smart phones at affordable price.
The multi-brand store segment by distribution channel is likely to grow at
remarkable pace during the forecast period. Consumer’s inclination towards
multi-brand stores due to wide availability of various brand products in single
stores is believed to foster the growth of global mobile phone accessories market
in near future. However, online store segment is also envisioned to witness
significant growth during the forecast period.
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Swelled disposable income
Availability of mobile phones at affordable price has led consumers to spend on
smart phones and their accessories. Further, increasing demand for branded and