According to the report, the Europe ambulatory phone accessoriesmarketwas estimated at $36.67 billion in 2019, and isprojected toreach $47.18 billion by 2027,growingat a CAGR of 2.8% from 2020 to 2027.
Europe Mobile Phone Accessories Market Size, trends and opportunities to 2027
Allied Market Research recognized a report titled, “Europe Mobile Phone Accessories Market by Product Type (Battery, Headphones, Portable Speaker, Chargers, Memory Card, Power Bank, Protective Case, Battery Cases, Screen Guard, Popsockets, and Others),Distribution Channel (Online and Offline), and Price Range (Low, Mid, and Premium):Opportunity Analysis and Industry Forecast, 20202027.” According to the report, the Europe moving phone accessories industry was estimated at $36.67 billion in 2019, and is expected to hit $47.18 billion by 2027, registering a CAGR of 2.8% from 2020 to 2027.
Drivers, restraints, and opportunities-
Rise in adoption of smartphones, amplify in use of smart expressive phone accessories, advancements in on-the-go devices and wireless attachment, and gestation of gaming accessories drive the nodule of theEurope mobile phone accessories market. On the more hand, surge in penetration of counterfeit products impedes the growth to some extent However, technological advancements in imaging and photographic accessories are expected to effect multiple opportunities in the industry
Newer and smarter accessories are currently trending the European market; but the outbreak of the universal has brought along extreme disruptions in the supply sequence which, in turn, has unnatural the doorstep to a significant extent.
Multi-brand stores make it convenient for consumers to compare motile accessories in terms of appearance, features and pricing However, the lockdown and multiple restrictions imposed by several government bodies in the sash own stopped people from inclining toward multi-brand stores that advance products from multiple brands at one place This factor has again impacted the European animated phone accessories peddle badly.
The headphones crumb to keep the lion’s share by 2027-
Based on product type, the headphones bit accounted for midpoint one-fourth of the Europe walking phone accessories tout revenue in 2019, and is expected to edict the roost by the closing of 2027. Penetration and sequential integration IoT and AI in headphones drive the nodule of the morsel Simultaneously, the battery cases segment would grow at the fastest CAGR of 7.6% during the scrutinize period.
The offline bite to dominate during the estimated period-
Based on distribution channels, the offline mouthful contributed to around three-fourths of the Europe animated phone accessories sell allocation in 2019, and is projected to sway the frame by 2027. Attractive outlets and customer enjoyment influences the offline distribution channels for animated phone accessories tout and this factor fuels the nibble protuberance The online segment, on the further hand, would brochure the fastest CAGR of 4.3% throughout the forecast period, owing to adoption of online distribution channels over the years
Eastern Europe to dominate in terms of revenue-
Based on geography, the Eastern Europe bite held themajor sharein 2019, generating around one-fourth of the Europe ambulatory phone accessories vend Increase in usage of smart phone devices in the zone propels the hawk growth. At the equivalent time, Germany would portray the fastest CAGR of 4.7% till 2027.
Frontrunners in the industry-
- Sennheiser Electronic GmbH & Co KG
- Amazon Inc
- Sony Corporation
- Samsung Electronics Co, Ltd.
- Xiaomi Corporation
- Apple Inc
- Bose Corporation
- Panasonic Corporation
- Carrefour S.A
- J SAINSBURY PLC