Market Forecast By Product Type (Earphones/Headphone, Charger, Power Bank, Protective Cases, Others), By Distribution Channel (Online, Offline), By Price Range (Premium, Mid, Low) And Competitive Landscape
Product Code: ETC012104 | Publication Date: Jun 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Mobile Phone Accessories Market report thoroughly covers the market by product type, by distribution channel, and by price range. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Mobile Phone Accessories Market is estimated to gain momentum in the coming years in the country the growth of the market is attributed to increasing disposable incomes, growing smartphone penetration coupled with rising demand for wireless headphones and earphones, surging need for power banks, and growing adoption of wearable devices. Moreover, technological advancement such as the introduction of 5G technology has further supplemented the growth prospects of this industry.
According to 6Wresearch, the India Mobile Phone Accessories Market size is estimated to expand at a CAGR of 9.70% during the forecast period 2023-2029. Growing disposable incomes have led to increased spending on luxury items including premium smartphones and their associated accessories in India. This has propelled the demand for high-end mobile phones which are more expensive than those offered at lower prices with fewer features or specifications accompanied by a wide range of associated cases & covers, screen protectors and other accessories specifically designed or customized for these high-end phones. The growing popularity of wireless headphones among youngsters along with increasing trends like โWork from Homeโ leading people to prefer noise cancelling earphones has contributed significantly toward augmenting sales volumes within this product category. Furthermore, innovative products offering advanced technologies such as voice control functionality are gaining traction among consumers which gives significant impetus to the overall Indian mobility phone accessory market size.
The pandemic had a significant impact on the India Mobile Phone Accessories Market which is a part of Asia Pacific Mobile Phone Accessories Market. The pandemic disrupted the supply chains that had affected the availability of components and raw materials required for manufacturing mobile phone accessories. This led to delays in production. Economic uncertainties led to reduced consumer spending on non-essential items, including mobile phone accessories. Many people prioritized essential purchases over accessories. These measures had declined the market shares at a massive rate.
India Mobile Phone Accessories Market has numerous leading players in the country, who offer top notch quality mobile components and accessories with advanced features.
The mobile phone accessories market in India report reflects a massive growth of the market with the presence of favourable government policies. For instance, the government's "Make in India" campaign promotes domestic production to reduce import dependency on various products, including mobile phone accessories. Production-Linked Incentive (PLI) Scheme facilitates financial incentives to companies manufacturing mobile phone accessories in India, which provides a significant impetus to the industry expansion. Goods and Services Tax (GST) Reduction on mobile phones accessories and components have made these products more affordable for consumers. This is one of the favourable government policies supporting the India mobile phone accessories market growth. Various export promotion schemes have been launched by the government to encourage the mobile accessories export, leading to a great exposure for the market growth.
According to Nitesh Kumar, Research Manager, 6Wresearch, each product type has a high demand in the market. Nevertheless, earphones and charger are dominating India mobile phone accessories market share owing to people desire for headphones/earphones keep Changing coupled with the continuous upgradation into earphones attract conductor switch for new one. Rising smartphone penetration has resulted in an increased chargerโs demand.
Based on the distribution channel, offline stores were registering the high product sales, nevertheless now the population is shifting towards online purchases with the growing presence of numerous well known mobile brands.ย
The report offers a comprehensive study of the subsequent market segments:
By Product Type
By Distribution Channel
By Price Range
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Mobile Phone Accessories Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Mobile Phone Accessories Market Revenues & Volume, 2023 & 2030F |
3.3 India Mobile Phone Accessories Market - Industry Life Cycle |
3.4 India Mobile Phone Accessories Market - Porter's Five Forces |
3.5 India Mobile Phone Accessories Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 India Mobile Phone Accessories Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
3.7 India Mobile Phone Accessories Market Revenues & Volume Share, By Price Range, 2020 & 2030F |
4 India Mobile Phone Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Mobile Phone Accessories Market Trends |
6 India Mobile Phone Accessories Market, By Types |
6.1 India Mobile Phone Accessories Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Mobile Phone Accessories Market Revenues & Volume, By Product Type, 2023 - 2030F |
6.1.3 India Mobile Phone Accessories Market Revenues & Volume, By Earphones/Headphone, 2023 - 2030F |
6.1.4 India Mobile Phone Accessories Market Revenues & Volume, By Charger, 2023 - 2030F |
6.1.5 India Mobile Phone Accessories Market Revenues & Volume, By Power Bank, 2023 - 2030F |
6.1.6 India Mobile Phone Accessories Market Revenues & Volume, By Protective Cases, 2023 - 2030F |
6.1.7 India Mobile Phone Accessories Market Revenues & Volume, By Others, 2023 - 2030F |
6.2 India Mobile Phone Accessories Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India Mobile Phone Accessories Market Revenues & Volume, By Online, 2023 - 2030F |
6.2.3 India Mobile Phone Accessories Market Revenues & Volume, By Offline, 2023 - 2030F |
6.3 India Mobile Phone Accessories Market, By Price Range |
6.3.1 Overview and Analysis |
6.3.2 India Mobile Phone Accessories Market Revenues & Volume, By Premium, 2023 - 2030F |
6.3.3 India Mobile Phone Accessories Market Revenues & Volume, By Mid, 2023 - 2030F |
6.3.4 India Mobile Phone Accessories Market Revenues & Volume, By Low, 2023 - 2030F |
7 India Mobile Phone Accessories Market Import-Export Trade Statistics |
7.1 India Mobile Phone Accessories Market Export to Major Countries |
7.2 India Mobile Phone Accessories Market Imports from Major Countries |
8 India Mobile Phone Accessories Market Key Performance Indicators |
9 India Mobile Phone Accessories Market - Opportunity Assessment |
9.1 India Mobile Phone Accessories Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 India Mobile Phone Accessories Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
9.3 India Mobile Phone Accessories Market Opportunity Assessment, By Price Range, 2020 & 2030F |
10 India Mobile Phone Accessories Market - Competitive Landscape |
10.1 India Mobile Phone Accessories Market Revenue Share, By Companies, 2023 |
10.2 India Mobile Phone Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |