The Global Consumer Electronic Accessories Market size is expected to grow from $397.6 billion in 2021 to $498.8 billion by 2028, at a CAGR of over 7% in the forecast period from 2021-2028. Major drivers for this growth are increasing consumer awareness about smartphones, laptops, and various other electronic gadgets, rising disposable incomes globally, and increased demand for accessories of these products.
Consumer Electronic Accessories can be defined as any accessories that are not only used to enhance the functionality of consumer electronic devices but also has a secondary function. It is usually an accessory that functions as some type of protection for their respective device or offers better sound quality.
Some popular examples include phone cases and screen protectors for mobile phones; earphones with microphones for music players; laptop sleeves, mousepads, and cooling mats to keep laptops from overheating in hot environments such as offices with air conditioning systems turned off at night; etc.
On the basis of Types, the market is segmented into Cell Phone Accessories, Car Electronic Accessories, Laptop And PC Accessories, Audio and Video Electronics (AV) Accessories, Camera and Photo Electronics (CAM) Accessories, Office Appliance Accessories.
Cell phone accessories are the assistive devices used to enhance a cell phone's performance. Cell phones without any compatible accessory cannot be taken out of the house and will not provide comprehensive functions in certain situations, such as driving or working with wet hands. This includes cases, chargers and data cables, screen protectors, Bluetooth headsets, etc.
Cars are increasingly becoming connected to the internet and mobile devices. Mobile phone usage is on the rise, as consumers rely on their phones for navigation, playing music or video games during long car trips, connecting with friends through social media apps, etc. As a result of this increase in use, there has been an upsurge in car-compatible accessories that allow you to charge your device while driving, attach it securely to the dashboard and be able to communicate turn-by-turn directions without taking your eyes off of the road.
Laptop And PC Accessories can be defined as a set of products that are used to improve the usability and performance of laptop and desktop computers. These include, for example, external hard drives, keyboards, or mouse. These devices complement laptops or PCs which may be purchased separately.
AV accessories are used to maintain the quality of sound and video when watching movies, television shows, or listening to music. A variety of AV products include cables for both digital and analog connections as well as devices that help improve the audio clarity such as amplifiers.
Camera and Photo Electronics (CAM) Accessories can be defined as photographic equipment, including cameras and related photographic accessories. These are often considered as an "accessory for the camera" that aids in capturing high-quality photographs. They can also be classified by the different functions they serve to help a photographer produce better shots.
Office appliance accessories are items that can be used in the home office setting to help perform tasks. These products include calculators, scales, and scanners for financial purposes as well as a variety of other gadgets. Office appliance Accessories are an important category due to their convenience and usefulness when it comes to managing finances or finding information on various topics from research reports to recipes. It’s also worth noting these devices often come with functions such as printing capabilities which make them versatile enough for virtually any environment.
On the basis of Application, the market is segmented into Multi-Brand Stores, Single Brand Stores, and Online Stores. Consumer Electronic Accessories are used across a diverse range of channel types, with the largest market share being attributed to Multi-Brand Stores. The lucrative nature of Multi-Brand Stores is attributed to a number of factors, including low price points and the inclusion of new product lines.
It is anticipated that single-brand stores will experience slower growth through future forecast periods, as the channel type has been relatively stagnant in recent years. Meanwhile, online channels are expected to grow at an accelerated rate over coming forecasts with markets such as China already showing considerable promise.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market accounted for the largest share in 2017 due to the high demand for consumer electronic accessories from consumers residing there. The Latin American market is projected to grow substantially during 2021-2028, owing to rapid economic growth and an increase in population across this region coupled with increasing spending on electronics items by consumers leads them towards having more money available for purchase and thus investing more into these products.
The key driving factors for the growth of this market are a rise in disposable income and an increasing inclination towards the purchase of consumer electronics. The rise in disposable incomes, owing to economic growth across the globe has led consumers to spend a higher proportion on high-end products such as electronic gadgets.
The strong export markets for these goods have also played their part in boosting profits with manufacturers looking at ways to increase market share overseas by expanding production facilities abroad or through joint ventures.
Moreover, globalization has emerged as another key driver to facilitate access and availability of imported products that otherwise would not be available locally due to prohibitive tariffs or import duties levied on them.
Up Market Research published a new report titled “Consumer Electronic Accessories Market research report which is segmented by Types (Cell Phone Accessories, Car Electronic Accessories, Laptop And PC Accessories, Audio And Video Accessories, Camera And Photo Accessories, Office Appliance Accessories), By Applications (Multi-Brand Stores, Single Brand Stores, Online Stores), By Players/Companies Zebronics, Samsung Electronics, Logitech International, Sony, Portronics Digital, Belkin International, Targus International, Philips International, Thermaltake Technology, Incipio, Antec, HAVIT, Otter Products, NZXT, Beats Electronics, BGZ Brands, Petra Industries, ZAGG, Plantronics, Seiko Epson”.
|Report Attributes||Report Details|
|Report Title||Consumer Electronic Accessories Market Research Report|
|By Type||Cell Phone Accessories, Car Electronic Accessories, Laptop And PC Accessories, Audio And Video Accessories, Camera And Photo Accessories, Office Appliance Accessories|
|By Application||Multi-Brand Stores, Single Brand Stores, Online Stores|
|By Companies||Zebronics, Samsung Electronics, Logitech International, Sony, Portronics Digital, Belkin International, Targus International, Philips International, Thermaltake Technology, Incipio, Antec, HAVIT, Otter Products, NZXT, Beats Electronics, BGZ Brands, Petra Industries, ZAGG, Plantronics, Seiko Epson|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||208|
|Number of Tables & Figures||146|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cell Phone Accessories, Car Electronic Accessories, Laptop And PC Accessories, Audio And Video Accessories, Camera And Photo Accessories, Office Appliance Accessories and By Application Multi-Brand Stores, Single Brand Stores, Online Stores.
Some of the companies that are profiled in this report are:
Consumer Electronic Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Consumer Electronic Accessories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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