March 28, 2020
Mobile Phone Protective Cases

Mobile Phone Protective Cases Market Analysis With Top Leading Players

The market for mobile phone protective cases has been estimated at US$ 12,934.4 million by the end of 2016 and is expected to reach US$ 19,210.0 million by 2023, increasing to CAGR by 5.8 percent from 2016 to 2023. Mobile phone protective cases are basically designed to attach or hold a mobile phone, are well-received and fashionable accessories for different phones (including smartphones and featured phones). Currently, mobile phone protective cases are widely demanded by smartphone users all over the world. The market for mobile phone protective cases depends largely on the sale of smartphones throughout the world.The smartphone market is expected to expand to a robust CAGR over the next few years. Significant reductions in average smartphone sales prices, an increasing trend in online video viewing, increasing access to social networking sites as well as penetration of online e-commerce are likely to meet the demand for smartphones that will have a positive impact on the growth of the mobile phone protective market during the forecast period.

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The market for mobile accessories is strongly influenced not only by consumer requirements and specifications, but also by the changing lifestyle trends. Telephone protective cover, generic or customized, is often a means of making a statement, reflecting the social and cultural preferences of a person. Factors like social media trends, favorite personalities, quotes, movies, books, and television series, social causes, and music preferences play a key role in choosing one’s phone’s protective cover. In order to attract a larger customer base, manufacturers take these factors into account and keep their products relevant and up-to-date. With smartphones becoming an essential part of everyday life, a growing number of features are now being incorporated into the mobile phones themselves-music, TV, shopping, games, etc. In recent years, this has driven mobile phone sales. For example, the number of smartphone users in India is projected to reach 859 million by 2022, rising from 468 million users in 2017, according to a joint study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and PwC. The increase in mobile phone sales has a direct positive impact on the demand for different accessories, including protective covers.

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Increasing player competition and falling smartphone prices have also expanded the customer base.In addition, the booming e-commerce sector has played a crucial role in providing cheaper and more diverse mobile accessories, including protective covers, with a plethora of features, designs and graphics. Capitalizing on the growing smartphone markets across emerging economies, players set up online portals that offer various accessories for mobile phones by clicking a button.

Rapid urbanization along with growing population, particularly in Asian countries such as China and India, higher inclination towards smartphones and a strong distribution network are expected to reinforce the growth of the global mobile phone protective cases market over the forecast period. In addition, the increasing need to increase the lifespan of smartphones as well as to cover and protect them from any damage is also likely to have a positive impact on the global mobile phone protective cases market by 2024. In addition, the availability of a wide variety of designed covers combined with increasing awareness of fashion among people would drive demand for protective cases around the globe in the coming years.

Over the forecast period, Asia-Pacific mobile phone protective cases market is expected to capture a significant portion of the global market. Among countries, China accounted for the largest share in the 2018 market for mobile phone protective cases in Asia-Pacific and is expected to maintain its dominance over the forecast period. As consumers in North America prefer stylish and attractive protective cases, North America’s mobile phone protective cases market is also expected to witness healthy growth due to a large number of customized case manufacturers in the region.

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