United States Mobile Phone Accessories Market Insights Forecasts to 2032
- The United States Mobile Phone Accessories Market Size was valued at USD 32.4 Billion in 2022.
- The Market is Growing at a CAGR of 14.5% from 2022 to 2032.
- The United States Mobile Phone Accessories Market Size is expected to reach 125.8 Billion by 2032.
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The United States Mobile Phone Accessories Market Size is expected to reach USD 125.8 Billion by 2032, at a CAGR of 14.5% during the forecast period 2022 to 2032.
Mobile phone accessories are accessories and components that add functionality to smartphones. Among their primary functions are improving the visual appeal of a phone as well as complementing, protecting, and enhancing its functions. Mobile phone accessories are a collection of extra hardware or software applications that are not required to operate smartphones as designed by their manufacturers. Bluetooth accessories, USB cables, virtual reality (VR) headsets, portable speakers, power banks, gaming controllers, and camera lens attachments are among them. They are commercially available in a variety of price ranges and distribution channels. They aid in increasing phone productivity, improving appearance, preventing various types of device damage, promoting device longevity, improving sound quality, and providing the best comfort for customers. As a result, mobile phone accessories are becoming increasingly popular among users throughout the United States for incorporating additional features as well as entertainment and communication purposes.
This research report categorizes the market for the United States mobile phone accessories market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States mobile phone accessories market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States mobile phone accessories market.
United States Mobile Phone Accessories Market Report Coverage
|Market Size in 2022:||USD 32.4 Billion|
|Forecast Period 2022-2032 CAGR:||14.5%|
|2032 Value Projection:||USD 125.8 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Product Type, By Distribution Channel and COVID-19 Impact Analysis.|
|Companies Covered:||Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, Sennheiser Electronic GmbH & CO. KG, Xiaomi Group, OnePlus Technology Co., Ltd., Koninklijke Philips N.V.,, Bose Corporation, Skullcandy, Inc., Huawei Device Co., Ltd., and other key vendors.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The rising demand for mobile phones, which are an effective means of communication and multi-functional, is driving the US mobile phone accessories market. In addition, users' increasing use of accessories such as batteries, chargers, screen guards, headphones, protective cases, and power banks is positively influencing market growth. Furthermore, the growing popularity of OTT platforms such as Netflix and Amazon Prime Video has boosted sales of mobile phone accessories. Aside from that, the increasing use of artificial intelligence (AI) by online retailers to provide users with product-related pop-up notifications, as well as rising internet penetration rates will fuel US mobile phone accessories market growth. Also, as smartphone quality and features improve and prices fall, there has been an increase in mobile phone consumers. Moreover, the rising demand for mobile accessories such as screen protectors and phone cases that improve privacy, protect against UV damage, and repel dust and dirt for phone safety and security is fueling US mobile phone accessories market growth.
A lack of standardization in the process of manufacturing mobile accessories can harm the company's brand image in the United States. Electronic component laws and regulations are very demanding and specific all over the world which hamper the US mobile phone accessories market during the forecast period.
- In 2022, the headphone segment is expected to hold the largest share of the United States mobile phone accessories market during the forecast period.
Based on the product type, the United States mobile phone accessories market is classified into headphones, chargers, power banks, protective cases, and others. Among these, the headphone segment is expected to hold the largest share of the United States mobile phone accessories market during the forecast period. With the growing demand for accessing music and video content on portable devices, headphones account for a sizable portion of the mobile phone accessories market in the United States. Increased demand in the country for wireless headphones to listen to high-quality music without the hassle of wire tangling also provides opportunities for the segment's growth.
- In 2022, the online segment accounted for the largest revenue share over the forecast period.
Based on the distribution channel, the United States mobile phone accessories market is segmented into online and offline. Among these, the online segment has the largest revenue share over the forecast period. The global adoption of the Internet has increased significantly in recent years. The expansion of robust internet infrastructure, particularly in the United States has boosted mobile phone accessory e-commerce sales. This is also due to an increase in the use of online social media on a global scale. E-commerce is expected to grow at the fastest rate.
The report offers the appropriate analysis of the key organizations/companies involved within the United States mobile phone accessories market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Apple Inc.
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Sennheiser Electronic GmbH & CO. KG
- Xiaomi Group
- OnePlus Technology Co., Ltd.
- Koninklijke Philips N.V.,
- Bose Corporation
- Skullcandy, Inc.
- Huawei Device Co., Ltd.
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In August 2023, Victrola released a new Bluetooth speaker with a sleek retro design. Victrola's Music Edition 2 Bluetooth speaker is larger and table-top compatible than the Music Edition 1, which is a portable Bluetooth speaker.
- In December 2021, SA Recycling, a metal recycling company based in Orange, California, purchased PSC Metals from Icahn Enterprises. SA Recycling now has 125 scrap metal processing facilities from coast to coast, including 23 shredders and three port loading operations in Long Beach, Los Angeles, and Savannah, Georgia.
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the United States mobile phone accessories market based on the below-mentioned segments:
United States Mobile Phone Accessories Market, By Type
- Power Bank
- Protective Case
United States Mobile Phone Accessories Market, By Distribution Channel
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