Phone Holders to Fly Off the Shelves in Passenger Cars Mobile Accessories by Virtue of Boom in Smartphones – Fact.MR Study

Posted on 2022-02-04 by Future Market Insights, Inc in Internet & Online // 0 Comments

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Passenger Cars Mobile Accessories market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Passenger Cars Mobile Accessories

The report offers actionable and valuable market insights of Passenger Cars Mobile Accessories. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Passenger Cars Mobile Accessories Market across various industries and regions.

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This newly published and insightful report sheds light on Market Insights of Passenger Cars Mobile Accessories, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Passenger Cars Mobile Accessories Market.

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.

automotive mobile accessories market preview

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.

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Competitive Landscape

The report has profiled some of the key vendors of the automotive mobile accessories, which include names 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
Mountek

The low-cost segment of the automotive mobile accessories market accounted for significant revenue in 2017 and is projected to retain its position in the automotive mobile accessories market. The low-cost segment is poised to grow at a meteoric rate standing out as too big to ignore in the automotive mobile accessories market. Moreover, the mid-sized segment is also forecasted to reach impressive heights in the automotive mobile accessories market by the end of the forecast period. Passenger cars comprise a major chunk of revenue share in the automotive mobile accessories market. It wouldn’t be surprising if the major stakeholders of the automotive mobile accessories market decide to extensively count on passenger cars as opposed to LCV’s and HCV’s. Additionally, the rising vogue of compact cars and SUVs is also likely to magnify the supremacy of passenger cars in the automotive mobile accessories market.

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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.

In 2016, the global automotive mobile accessories market recorded net sales of accessories worth over US$ 23 Bn
The report projects that Europe’s presence on the global automotive mobile accessories market will be dominating. Through 2022, Europe’s automotive mobile accessories revenues are anticipated to soar steadily at moderate CAGR.
North America’s automotive mobile accessories market is also expected to grow vigorously, bringing in an estimated US$ 8.6 Bn revenues towards the end of 2022.
With more than 20% share on global market revenues, the Asia-Pacific excluding Japan (APEJ) region is also pegged to be at the forefront of automotive mobile accessories market’s regional expansion during the assessment period.
Phone-holders are observed to top-selling products in the automotive mobile accessories market. Through 2022, over half of global automotive mobile accessories revenues are anticipated to be accounted by sales of phone holders.
In 2017 and beyond, adapters, USB holders and portable speakers will collectively contribute to a little over two-fifth of global revenues.
The report emphasizes that sales of such accessories will be high if priced in the low range. In 2017, more than US$ 12 Bn worth of automotive mobile accessories sold across the globe were valued in the low price range.
Almost three quarters of global automotive mobile accessories market value throughout the forecast period will be attributed by sales of these accessories in passenger car vehicles.
Likewise, the report anticipates that aftermarkets will be largest sales channels for automotive mobile accessories as customization needs of automobile owners are gaining traction. In 2017, aftermarket sales of automotive mobile accessories will be accounting for more than three-fourth of the market value.
Companies such as Belkin International, Inc., CAR MATE MFG. CO. LTD., Griffin Technology, Inc., Targus International, LLC., Mophie, Inc., Arkon Resources, Inc., Pro.Fit International Inc., BRACKETRON, INC., Wizgear, Moshi, Anker Technology Co. Limited, Mountek and iOttie are profiled in the report as key players in the global automotive mobile accessories market.

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More Valuable Insights on Passenger Cars Mobile Accessories Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Passenger Cars Mobile Accessories, Sales and Demand of Passenger Cars Mobile Accessories, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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