Global demand for automotive mobile accessories reached a market value of US$ 51.3 billion in 2023 and is estimated to climb to US$ 99 billion by 2033-end. The global automotive mobile accessories market is forecasted to exhibit expansion at a healthy 6.8% CAGR over the next ten years. The use of smartphones has been increasing at a rapid pace around the world over the past couple of decades and this trend is a key factor that is expected to augment the demand for automotive mobile accessories throughout the forecast period. Increasing sales of vehicles and growing disposable income of people are also expected to drive market growth in the future.
The offer in this section includes a variety of opportunities, such as the ability to manufacture goods and provide retail, wholesale, and exhibiting services. The examiners at Fact.MR have used extensive rounds of both essential and optional research to arrive at various assessments and estimates for Demand of Automotive. Mobile Accessories Market both at worldwide and provincial levels.
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Market Players: –
- 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
Country-wise Insights
How Will Demand for Automotive Mobile Accessories Fare in European Countries?
“Rising Demand for Luxury Vehicles and Increasing Focus on Vehicle Electrification”
Europe has always been a crucial market for all types of automotive products owing to its robust automotive manufacturing industry and the presence of key carmakers such as BMW, Audi, Volkswagen, etc. European countries have been witnessing a hike in the number of high-net-worth individuals and this is driving the demand for luxury cars in the region, which is expected to benefit car accessory sales in the future.
Increasing focus on vehicle electrification is also expected to necessitate the need for connecting smartphones and mobile phones to vehicles in the future, which could favor shipments of vehicle accessories over the coming years. Rising sales of electric vehicles (EVs) in European countries such as Germany, France, and the United Kingdom are also expected to benefit market growth in Europe going forward.
Key Segments of Automotive Mobile Accessories Industry Research
- By Product :
- Portable Speakers
- Phone Holders
- USB Chargers
- Adapters
- Others
- By Vehicle Type :
- Passenger Cars
- LCVs (Light Commercial Vehicles)
- HCVs (Heavy Commercial Vehicles)
- By Price Range :
- Low
- Mid
- High
- By Sales Channel :
- OEMs
- Aftermarket
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
Competitive Landscape:
Leading automotive mobile accessory manufacturers are launching new products that allow them to maximize their sales and improve their revenue generation capacity over other market players.
- In February 2023, Xiaomi, a leading Chinese manufacturer of consumer electronic products, announced the launch of its new wireless car charger. The Xiaomi 30W Wireless Car Charger is an addition to the existing line of chargers that include the 50W Wireless Car Charger Pro and Xiaomi 20W Wireless Car Charger.
- In November 2022, Belkin, a renowned American consumer electronics company, announced the launch of its first MagSafe car charging mount for vehicles. The product is called Boost Charge Pro Wireless Car Charger with MagSafe and has a 15W charging capacity.
Automotive mobile accessory vendors are also focusing on bagging new investments and funds through different investors, which allows them to use this financing to expand their business potential.
- In December 2021, Autofurnish, a car accessory supplier based in India, announced that it had received investment from UpScalio, an e-Commerce brand investor. Through this new investment UpScalio aimed to improve the brands’ business potential by leveraging its D2C websites.
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