(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Smartphone Accessories Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smartphone Accessories Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Smartphone Accessories Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Smartphone Accessories Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Smartphone Accessories Market. The report analyzes the Smartphone Accessories Market by Product Type of Smartphone Accessories (Phone Cases, Headphones/ Earphones, Screen Protectors, Battery Chargers, Power Banks and Others), By Distribution Channel (Online and Offline). The Smartphone Accessories market has been analyzed By Region (North America, Europe, Asia Pacific and Rest of the World) and By Country (US, Canada, UK, Germany, France, Turkey, China, Japan, and India) for the historical period of 2014-2018 and the forecast period of 2019-2024.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Azoth Analytics research report ''Global Smartphone Accessories Market: Analysis By Type (Protective Cases, Headphones, Screen Protectors, Battery Chargers, Power Banks, Car devices), By Sales Channel (Online, Offline), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (US, Canada, UK, Germany, Turkey, Italy, China, Japan, India)'', global market is projected to display a robust growth represented by a CAGR of 8.16% during 2019 – 2024.
The Headphone/ Earphones segment of Smartphone Accessories has been witnessing growth at a noteworthy rate over the past few years backed by wider availability of options which adds flexibility in decision making with its increasing usage in segments such as Fitness, Healthcare, Personal assistance etc. Amongst the regions, Asia-Pacific accounts for the largest regional share in the global smartphone accessories market in 2019. Key factors driving the robust growth rate of Asia-Pacific region include increasing tech-savvy population with the presence of vast consumer base along with rapid urbanization and digitalization, in addition to growing per capita expenditure on consumer electronics is likely to drive the regional market.
The report titled ''Global Smartphone Accessories Market: Analysis By Type (Protective Cases, Headphones, Screen Protectors, Battery Chargers, Power Banks, Car devices), By Sales Channel (Online, Offline), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, Asia Pacific, Rest of the World), By Country (US, Canada, UK, Germany, Turkey, Italy, China, Japan, India)'' has covered and analyzed the potential of Global Smartphone Accessories market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Smartphone Accessories market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Smartphone Accessories Market (Actual Period: 2014-2018, Forecast Period: 2019-2024
• Global Smartphone Accessories Market – Size, Growth, Forecast
• By Product Type (Phone Cases, Headphones/ Earphones, Screen Protectors, Battery Chargers, Power Banks and Others)
• By Distribution Channel (Offline and Online)
Regional Markets – North America, Europe, APAC and Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Smartphone Accessories Market – Size, Growth, Forecast
• By Product Type (Phone Cases, Headphones/ Earphones, Screen Protectors, Battery Chargers, Power Banks and Others)
• By Distribution Channel (Offline and Online)
Country Analysis – US, Canada, UK, Germany, France, Turkey, China, Japan and India (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Smartphone Accessories Market – Size, Growth, Forecast
• By Product Type (Phone Cases, Headphones/ Earphones, Screen Protectors, Battery Chargers, Power Banks and Others)
• By Distribution Channel (Offline and Online)
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Porter Five Force Analysis
• SWOT Analysis
• Competitive Landscape
• Company Analysis – Samsung Electronics, Sony Corporation, Apple, JVC Kenwood, Xiaomi Corporation, Cellularline, Plantronics, Bose Corporation and Sennheiser.
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
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Darlene Dooley
Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.
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