Global Automotive Mobile Accessories Market is Pegged to Reach US$ 30 Bn During 2017 to 2022

Posted on 2018-04-18 by Mark Hub in Automotive // 0 Comments

Rockville, US, 2018-Apr-18 — /EPR Network/ — Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Automotive Mobile Accessories Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global automotive mobile accessories market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.

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Adoption of mobile accessories in cars and other automobiles is growing on the account of advantages of integrating these digital tools with the performance of the vehicle. Cars equipped with prominent automotive mobile accessories are expected to draw higher customers, while vehicles geared with advanced accessories will pave way for a new consumer base. Both set-ups are indicating that automotive mobile accessories are healthy for stimulating automobile sales. Fact.MR’s latest study on the global automotive mobile accessories market discusses such factors and digs deep into the growth of the market over the past few years.

The report further offers an insightful forecast on the global market for automotive mobile accessories. Apropos the report, the global market for automotive mobile accessories is anticipated to reach US$ 24.3 Bn value by the end of 2017. Fluctuating commodity prices, rapid adoption of enabling technologies such as Internet of Things (IoT) and improving electrical frameworks in automobile offerings will collectively stimulate the market’s growth, during the assessment period 2017-2022. By the end of 2022, more than US$ 30 Bn worth of automotive mobile accessories will be sold across the globe, reflecting a steady value CAGR.

Smartphone Boom has Made Phone Holders Must-have Mobile Accessory

Phone holders account for more than half of the automotive mobile accessories market in terms of revenue by the end of 2017. With a moderate CAGR from 2017-2022, the phone holder segment will expand to nearly US$ 16.1 billion by end 2022. With the smartphone boom only beginning in emerging markets, phone holders should only get more important in the days ahead. Unfortunately, the bane of modern smartphones is their sub-par battery life which compels customers to charge them whenever and wherever they can, including in vehicles. Thus, the USB segment of the automotive mobile accessories market is also extremely lucrative as it is closely related to the former. The USB segment is estimated to be worth US$ 5.1 billion by the end of the forecast period and manufacturers would do well to target Europe as that continent is the largest regional contributor.

Focus on Volumes and Low-cost in automotive mobile accessories market

The low cost segment of the automotive mobile accessories market had a one-half revenue in 2017 and it is predicted to retain its strong position. The low cost segment is poised to grow to almost US$ 16 billion by the end of the forecast period with a steady CAGR. Europe has a share of nearly one-third and it should push past the US$ 5 billion mark in 2022, making it too big to ignore. The mid-sized segment is approx. half the size of the low-cost segment in the automotive mobile accessories market, but it could reach an impressive value by the end of the five-year study.

Competition Tracking

The report has also profiled key manufacturers of automotive mobile accessories, which include companies such as Belkin International, Targus International, LLC, Car Mate Mfg Co. Ltd., Mophie, Inc., Griffin Technology, Inc., iOttie, Arkon Resources, Inc., Pro.Fit International, Inc., BRACKETRON, INC., Moshi, Anker Technology Co. Limited, Wizgear, and Mountek.

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Table of Content

Chapter 1 Global Automotive Mobile Accessories Market – Executive Summary 31

Chapter 2 Global Automotive Mobile Accessories Market Overview 33
2.1 Introduction 33
2.1.1 Global Automotive Mobile Accessories Market Taxonomy 33
2.1.2 Global Automotive Mobile Accessories Market Definition 33
2.2 Global Automotive Mobile Accessories Market Size (US$ Mn) and Forecast, 2012-2022 33
2.2.1 Global Automotive Mobile Accessories Market Y-o-Y Growth 33
2.3. Global Automotive Mobile Accessories Market: Macroeconomic Factors 34
2.3.1. Economic Outlook 34
2.3.2. Inflation and Deflation 34
2.3.3. Supply chain Issues 35
2.4. Global Automotive Mobile Accessories Market Dynamics 35
2.4.1. Drivers 35
2.4.1.1. Innovations in Technology 35
2.4.1.2. The Influence of China 35
2.4.2. Trends 35
2.4.2.1. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis 35
2.4.2.2. Rising Complexity Influencing Greater Emphasis on Platforming 36
2.4 Supply Chain 36
2.5 Cost Structure 37
2.6 Pricing Analysis 37
2.7 Raw Material Sourcing Strategy and Analysis 37
2.8 List of Distributors 37
2.9 Key Participants Market Presence (Intensity Map) By Region 37
2.10 Competitive Assessment and Technology Trends in Future 38

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