Mobile Phone Protective Cover Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global mobile phone protective cover market size is
anticipated to reach USD 35.5 billion by 2025, according to a new report by
Grand View Research, Inc., registering a 7.5% CAGR during the forecast period.
Increasing penetration of smartphones across the globe is the main factor
driving demand for protective cases. For instance, according to a joint study
by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and
PwC, the number of smartphone users in India is expected to reach 859 million
by 2022, rising from 468 million users in 2017. Repairing a cracked or damaged
phone screen can be rather expensive and this is a key factor propelling the
need for protective mobile phone covers.
By product,
the body glove segment held the largest market share in 2018. Introduction of
sleek designs, coupled with use of advanced materials such as silicon, rubber,
and thermoplastic polyurethane to deliver 360°protection, is expected to expand
the application scope of the segment.
Conventional
plastic materials such as polycarbonate are widely used to manufacture hard
cases. These provide the least amount of protection to the phone and are more
susceptible to cracks and damage when dropped. Hybrid mobile phone covers are
better designed to absorb the impact of a fall, compared to cases made from
conventional materials as they have a soft inner layer for better shock
absorption. Owing to these benefits, the hybrid cases segment is anticipated to
expand at the highest CAGR of 9.4% over the forecast period. Companies have
also been using carbon
fiber to enhance impact resistance in these phone covers. Although
expensive, mobile phone protective covers made from this material are
lightweight, strong, and durable.
Based on
distribution channel, the offline segment held a leading market share of 71.0%
in 2018. Most consumers still prefer buying products at physical stores rather
than online portals as in-store allows the choice of physical verification of
the products. Nevertheless, the online segment is anticipated to expand at the
highest CAGR of 8.4% from 2019 to 2025, propelled by widespread penetration of
mobile phones and the internet. Introduction of innovative delivery options,
such as same day delivery, by prominent vendors, coupled with growing
penetration of e-commerce vendors in tier II and tier III cities, is expected
to have a positive impact on the growth of the market.
Asia Pacific
held the leading share in 2018 owing to the presence of a large number of
smartphone users. China is the dominant market in the region, fueled by soaring
sales of protective covers via offline as well as online channels. The Middle
East and Africa market is expected to expand at a CAGR of 6.0% over the
forecast period, thanks to growing availability of mobile phones in countries
such as South Africa, Ghana, and Kenya and increasing penetration of prominent
vendors in the regional market. For instance, in July 2019, Vivo announced its
plans to expand its business in Middle East & Africa market. As part of the
expansion plan, the company’s latest products will be made available in UAE,
Morocco, Bahrain, Nigeria, Egypt, Kenya, and Saudi Arabia.
Further key
findings from the report suggest:
- By product, the
body glove segment held the leading share in 2018. Introduction of
multi-layered cases that provide
360°protection is the main factor driving the sales of body glove protective covers over the forecast period - The online
segment is anticipated to expand at the highest CAGR of 8.4% from 2019 to
2025. Increasing internet penetration across the globe, coupled with
faster and reliable delivery by e-retailers, is driving the segment
- Asia Pacific
was the largest market in 2018, accounting for a share of over 40.0% of
the global revenue. Expansion of the middle-income population group in key
markets like China and India is expected to play a key role in increasing
spending on mobile phone and accessories such as protective covers
- The global
mobile phone protective cover market is highly competitive in nature. Some
of the prominent players are Otter Products LLC.; Shenzhen Ipaky
Electronic Co., Ltd; CG Mobile.; Incipio, LLC; Griffin Technology; Amzer;
MOKO; ZAGG Intellectual Property Holding Co., Inc.; Belkin International,
Inc.; and XtremeGuard.
Access
full research report on global mobile phone protective cover market:
www.grandviewresearch.com/industry-analysis/mobile-phone-protective-cover-market
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Created on Dec 30th 2019 08:19. Viewed 342 times.