According to a new market report published by Credence Research “Mobile Phone Protective Cases Market – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023,” the mobile phone protective cases market has been estimated to be valued at US$ 12,934.4 Mn by the end of 2016, and is expected to reach US$ 19,210.0 Mn by 2023, expanding at a CAGR of 5.8% from 2016 to 2023.
Browse the full Mobile Phone Protective Cases Market by Type, Price Range, Sales Channel and Geography – Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/mobile-phone-protective-cases-market
The mobile phone protective cases are basically designed to attach to, or grip a mobile phone, are well-accepted and fashionable accessories for various phones (including smartphones and featured phones). Presently, the mobile phone protective cases are highly demanded by smartphone users all across the globe. The mobile phone protective cases market is majorly dependent upon the sale of smartphones in all over the world. Over the next few years, the smartphones market is expected to expand at a robust CAGR. Significant reduction in average selling prices of smartphones, rising trend of online video viewing, increasing access of social networking sites as well as online e-commerce penetration is likely to proper the demand for smartphones which will positively impact the growth of mobile phone protective cases market during the forecast period.
Rapid urbanization along with increasing population especially in Asian countries such as China and India, deeper inclination towards smartphones and a significant and resilient distribution network is anticipated to strengthen the growth of global mobile phone protective cases market between 2016 and 2023. Besides this, increasing need to incline the lifetime of smartphones as well as to cover and protect it from any outside damage will lead to healthy growth of global mobile phone protective cases market till 2023. Apart from this, rising wide variety of designed covers will propel the demand for protective cases across the globe in the next few years. Increasing fashion consciousness is expected to generate robust demand for trendy mobile covers, skins and cases in future.
Mobile phone protective cases market is segmented on the basis of distribution channel such as multi-brand store, single-brand store and others. Amongst this, multi-brand store segment captured the highest market share in the total revenue of global mobile phone protective cases market in 2015. The segment is likely to dominate during the period 2016-2023. Increasing internet penetration all over the world is expected to boost the growth of online stores segment over the forecast period. The global mobile phone protective cases market is also segmented on the basis of price range which includes premium, mid and low range segment. The mid range mobile phone protective cases segment is expected to showcase higher growth during the forecast period. The mobile phone protective cases segment is also bifurcated by type such as mobile pouches, phone skins, hybrid cases, body gloves and others. Amongst all, phone skins segment is expected to observe significant growth and demand in the total mobile phone protective cases market till 2023.
- Merger & Acquisition
- Emerging middle class
- Rising trendy mobile phone covers
- Online purchase of mobile phone protective cases