After intensive market analysis, researchers have found that the demand California cell phone accessories is going to rise at a rapid pace. With the increasing demand for mobile phones, the demand for its accessories will also increase.
Studies say that it is nearly impossible to live without mobile phones and their respective cell phone holder accessories, like power banks, head phones, mobile cases etc. Hence, there is no denying the fact that market for mobile accessories would certainly get an escalating boost by leaps and bounds. The statistic shows the revenue of the global mobile phone accessory market worldwide from 2016 to 2013. In 2016, the mobile phone accessory market was worth about 60.42 billion U.S. dollars.
Furthermore, several factors have been found out that drive the growth ofmobile and accessories market. Some of the major ones are mentioned as under –
- Affordable Smartphones
Smartphones have become so affordable that anyone can afford them. This is basically due to increasing demand, growth in market size and number of players increasing in the market. With the smartphones, the accessories are also getting affordable.
With the increase in population and spending capacity in urban areas, the demand for the coolest phone cases and other accessories is also increasing. People are more likely to spend their salary on mobile accessories than any other product in the market.
- E-Commerce Websites
E-commerce websitesplay a major role in fueling the growth of mobile phone and accessories market. The online stores have greatly helped the vendors in increasing their sales. With amazing discount offers and benefits of online shopping, the demand kept on increasing and is still at its peak.
- Network Connectivity
Improved network connectivity is also one of the reasons why mobile phones and their accessories are high in demand these days. People from across the world and strata of society increased the adoption of smartphones in their daily lives.
Accessories for iPhone is Getting the Highest Demand
The above factors are the major drivers that led to the increasing demand for mobile phone accessories. But, do you know iPhone users are amongst the top growth enhancers for mobile accessories? Designer silicone phone cases and other similar products are much in demand among the iPhone buyers. Reports say that due to the expensive and delicate nature of iPhones, iPhone users are more likely to invest in ‘accessories’.
In simple words, the growth is steadily increasing and is expected to continue its pace for a couple of decades in the future.
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