Research Report on Automotive Mobile Accessories Market Forecast by 2022 Including Key Trends, Global Market Size, Share and Competition Tracking – Global Market Review 2017 to 2022

Posted on 2018-07-12 by Mark Hub in Automotive // 0 Comments

Dublin 2, Ireland, 2018-Jul-12 — 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. FactMR’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.

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The spate of continuous innovation in the automotive market has also influenced incorporation of advanced mobile accessories. Consumer demand for cross-device connectivity has meant that far more automotive mobile accessories are developed and sold than before. The greater push toward amalgamation of automotive and technology has opened up new avenues for growth in this segment. Some of the key trends influencing mobile accessories sales include personalization, customization, and increasing ownership duration. Going forward, the market will witness an increasing level of collaboration between OEMs and mobile accessory manufacturers, as consumers expect various features to be ‘in-built’ instead of shopping for them in the aftermarket.

Automotive mobile accessories are components that are used to enhance the functionality of a vehicle. These accessories are widely used for enhancing connectivity features inside a vehicle. Automotive mobile accessories are widely available in the aftermarket.

The automotive mobile accessories market is not immune to rising complexity seen across the board and OEM’s are working to increase their product offerings, particularly in concealed areas such as core components, body structures, and chassis. These derivatives are witnessing high adoption in the entry level segment and this trend is anticipated to gain further momentum in the days ahead. However, too many derivatives could negatively impact profitability. The insatiable demand for performance enhancements, styling customizations, and specific features are expected to benefit the automotive mobile accessories market. To tackle the challenge of cost inflation, key stakeholders need to thoroughly analyze automotive mobile accessories market niches and target those segments where their products have the best chance of making a positive contribution to the bottom line. The automotive mobile accessories market is projected to be worth more than US$ 30 billion in 2022, with a modest CAGR, making it a potential goldmine waiting to be tapped.

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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.

Passenger cars outpace all others automotive mobile accessories market

Passenger cars alone comprise a revenue share of nearly three-fourth of the vehicle type segment in the automotive mobile accessories market. A market opportunity of more than US$21 billion in 2022, it wouldn’t be surprising if major players decide to focus exclusively on passenger cars as opposed to LCV’s and HCV’s. Increasing demand for compact cars and SUVs is also expected to boost the dominance of passenger cars on the global market for automotive mobile accessories.

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.

Table of Contents

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

Continued……………………………………….

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