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Asia-Pacific & Middle East Mobile Phone Accessories Market By Distribution Channel (Online and Offline): Country Opportunity Analysis and Industry Forecast, 2020–2027
| A06817 | Pages: 108 | Aug 2020 | 1902 Views | | |
| Author(s) : Divyanshi Tewari | Tables: 54 | Charts: 49 | Formats*: | |
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The Asia-Pacific & Middle East mobile phone accessories market size was valued at $117.8 billion in 2019, and is projected to reach $154.8 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027. Mobile phones play a vital role in today’s day-to-day life. People make value addition to their mobile phones through different mobile accessories that improve the functionality as well as protect the phone from damage.
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Asia-Pacific population is increasingly connected to the digital information with growing adoption and usage of mobile phones. According to World Bank data, around 851 million people in China owned a mobile phone in 2019. Moreover, a bare minimum set of mobile phone accessories is as essential as mobile phone for a user to perform multiple routine tasks.
According to Asia-Pacific & Middle East mobile phone accessories market analysis, rise in demand for mobile phones in Asia-Pacific & Middle East due to its multi-functionality is a primary factor that drives the demand for mobile phone, which in turn is expected to fuel the growth of the Asia-Pacific & Middle East mobile phone accessories market share.
Furthermore, the market is anticipated to witness significant growth during the forecast period as various accessories such as batteries, protective cases, chargers, screen guard, headphone, and power bank are essential set of mobile accessories for users. In addition, the market players are focusing toward the development of products that are innovative, creative, and trendy for the upcoming and trending mobile phones, which is anticipated to provide lucrative opportunities for the market expansion.
According to Asia-Pacific & Middle East mobile phone accessories market trends, American brands are facing stiff competition from Asian brands such as Samsung, Sony, and LG. For example, virtual reality headset gear by Samsung is posing a tough competition to the U.S.-based Oculus Rift. In addition, number of other Asian brands such as BBK Electronics, Huawei, and Xiaomi have significantly penetrated the global market. This trend is majorly emerged due to developments in the e-commerce industry, which in turn has connected the global market; thereby, making affordable mobile phone accessories available at the doorstep.
Rise in demand for wireless accessories drives the Asia-Pacific & Middle East mobile phone accessories market growth. This increase in demand is due to the change in customer preferences to listen to music on portable devices, such as smartphones and tablets. Music is easily accessible through music streaming platforms, which include YouTube and SoundCloud. The demand for mobile phone accessories has increased due to an upsurge in disposable income and rise in the popularity of social networking sites in urban areas. In addition, increase in internet penetration also boosts the online retailing platform.
Factors such as rise in demand for smart wireless accessories, emerging advancements in gaming accessories, and technological advancements in OTGs and wireless attachments drive the Asia-Pacific & Middle East mobile phone accessories market growth. However, increase in penetration of counterfeit products and trade war between nations hamper the Asia-Pacific & Middle East mobile phone accessories market to a certain extent. Furthermore, strong distribution network and technological advancements in imaging and photographic accessories are expected to offer lucrative opportunities to the Asia-Pacific & Middle East mobile phone accessories market growth.
Asia-Pacific & Middle East Mobile Phone Accessories Market
By Distribution Channel
Offline segment will dominate the market throughout the forecast period
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The Asia-Pacific & Middle East mobile phone accessories market size is segmented on the basis of distribution channel, and country. Based on distribution channel, it is bifurcated into online and offline. The offline segment is further divided into retail, traditional stores, hypermarkets, and others. Based on country, the market is analyzed across Australia, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan/Hong Kong/Macao, Thailand, Vietnam, Middle East and rest of Asia-Pacific.
Asia-Pacific & Middle East Mobile Phone Accessories Market
By Countries
Middle East region would exhibit the highest CAGR of 7.6% during 2020-2027
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The key players operating in the Asia-Pacific & Middle East mobile phone accessories industry are Panasonic Corporation, Sennheiser Electronic GmbH & Co. KG, Sony Corporation, Samsung Electronics Co. Ltd., Apple Inc., Bose Corporation, BYD Co. Ltd., Plantronics Inc., Energizer Holdings Inc., and JVC Kenwood Corporation. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration and strengthen their foothold in the industry.
Top Impacting Factors
The significant factors impacting the growth of the Asia-Pacific & Middle East mobile phone accessories market include demand for smart wireless accessories, emerging advancements in gaming accessories, and technological advancements in OTGs and wireless attachments. However, rise in penetration of counterfeit products and trade war between nations hampers the market to a certain extent. Furthermore, strong distribution network and technological advancements in imaging and photographic accessories are expected to offer lucrative Asia-Pacific & Middle East mobile phone accessories market opportunity.
Rise in Usage of Smart Wireless Accessories
Various features with the advancement of technology such as AI and IoT makes way for hyper connectivity and intelligence in the electronic devices. This has promoted the use of wireless mobile accessories such as smart wearable, smart speakers, wireless headsets & earphones, and others. Furthermore, the advancement in the sector of smart wireless mobile accessories results in the market growth of mobile accessories.
Increase in Penetration of Counterfeit Products
The market of mobile accessories offers users replicas of branded products. The counterfeit products do not provide standardized quality, warranty, or guaranty of its features offered. Mobile accessories manufactured and supplied by the unorganized market are not registered and so does not follow technical standards for usage of raw material and manufacturing techniques as well. The consumers shift toward unorganized market due to low cost with same brand tags on the replicas. Moreover, the lack of government regulations in Asia-Pacific results in the growth of the unorganized mobile phone accessories market.
Technological Advancements in Imaging and Photographic Accessories
The growing vertical of media and entertainment has brought advanced photographic and video graphic mobile phone accessories. The imaging accessories used in smartphones such as tripods, stabilizer stands, phone lenses, instant photo printer, and others. Further, penetration in the usage of social media applications such as Facebook, Instagram, and others has raised number of casual photographers which is expected to boost the market of photo and imaging mobile accessories.
The economic impact of coronavirus pandemic globally has been largely disruptive. The companies operating in semiconductor industry states that temporarily shut down of production sites will lead to decline in revenues for the financial year 2020-2021. The demand from the wireless communication is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in the medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, the IoT, AI, and intelligent edge computing for future optimization, which will have a positive impact on the adoption of mobile phones and its accessories.
Key Benefits For Stakeholders
- This study includes the analytical depiction of the Asia-Pacific & Middle East mobile phone accessories market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the Asia-Pacific & Middle East mobile phone accessories market.
- The Asia-Pacific & Middle East mobile phone accessories market trend is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Asia-Pacific & Middle East Mobile Phone Accessories Market Key Segments
By Distribution Channel
- Online
- Offline
By Country
- Australia/New Zealand
- Indonesia
- Japan
- South Korea
- Malaysia
- Philippines
- Singapore
- Taiwan/Hong Kong/ Macao
- Thailand
- Vietnam
- Middle East
- Rest of Asia-Pacific
Key Market Players
- Panasonic Corporation
- Sennheiser Electronic GmbH & Co. KG
- Sony Corporation
- Samsung Electronics Co. Ltd.
- Apple Inc.
- Bose Corporation
- BYD Co. Ltd.
- Plantronics Inc.
- Energizer Holdings Inc.
- JVC Kenwood Corporation
CHAPTER 1:INTRODUCTION
1.1.REPORT DESCRIPTION
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
2.2.MARKET SHARE ANALYSIS, 2018 (%)
CHAPTER 3:ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET, BY DISTRIBUTION CHANNEL
3.1.OVERVIEW
3.2.ONLINE
3.2.1.Key market trends, growth factors, and opportunities
3.3.OFFLINE
3.3.1.Key market trends, growth factors, and opportunities
3.3.2.Retailers
3.3.3.Traditional Stores
3.3.4.Hypermarkets
3.3.5.Others
CHAPTER 4:AISA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET, BY COUNTRY
4.1.OVERVIEW
4.2.AUSTRALIA/NEW ZEALAND
4.3.INDONESIA
4.4.JAPAN
4.5.SOUTH KOREA
4.6.MALAYSIA
4.7.PHILIPPINES
4.8.SINGAPORE
4.9.TAIWAN/HONG KONG/MACAO
4.10.THAILAND
4.11.VIETNAM
4.12.MIDDLE EAST
4.13.REST OF ASIA PACIFIC
CHAPTER 5:COMPANY PROFILES
5.1.APPLE INC.
5.1.1.Company overview
5.1.2.Key Executives
5.1.3.Company snapshot
5.1.4.Operating business segments
5.1.5.Product portfolio
5.1.6.R&D Expenditure
5.1.7.Business performance
5.1.8.Key strategic moves and developments
5.2.BOSE CORPORATION
5.2.1.Company overview
5.2.2.Key Executives
5.2.3.Company snapshot
5.2.4.Product portfolio
5.2.5.Business performance
5.2.6.Key strategic moves and developments
5.3.BYD COMPANY LTD.
5.3.1.Company overview
5.3.2.Key Executives
5.3.3.Company snapshot
5.3.4.Operating business segments
5.3.5.Product portfolio
5.3.6.R&D Expenditure
5.3.7.Business performance
5.4.ENERGIZER HOLDINGS, INC.
5.4.1.Company overview
5.4.2.Key Executives
5.4.3.Company snapshot
5.4.4.Operating business segments
5.4.5.Product portfolio
5.4.6.R&D Expenditure
5.4.7.Business performance
5.4.8.Key strategic moves and developments
5.5.JVCKENWOOD CORPORATION
5.5.1.Company overview
5.5.2.Key Executives
5.5.3.Company snapshot
5.5.4.Operating business segments
5.5.5.Product portfolio
5.5.6.R&D Expenditure
5.5.7.Business performance
5.5.8.Key strategic moves and developments
5.6.PANASONIC CORPORATION
5.6.1.Company overview
5.6.2.Key Executives
5.6.3.Company snapshot
5.6.4.Operating business segments
5.6.5.Product portfolio
5.6.6.R&D Expenditure
5.6.7.Business performance
5.6.8.Key strategic moves and developments
5.7.PLANTRONICS, INC.
5.7.1.Company overview
5.7.2.Key Executives
5.7.3.Company snapshot
5.7.4.Operating business segments
5.7.5.Product portfolio
5.7.6.R&D Expenditure
5.7.7.Business performance
5.7.8.Key strategic moves and developments
5.8.SAMSUNG ELECTRONICS CO. LTD.
5.8.1.Company overview
5.8.2.Key Executives
5.8.3.Company snapshot
5.8.4.Operating business segments
5.8.5.Product portfolio
5.8.6.R&D Expenditure
5.8.7.Business performance
5.8.8.Key strategic moves and developments
5.9.SONY CORPORATION
5.9.1.Company overview
5.9.2.Key Executives
5.9.3.Company snapshot
5.9.4.Operating business segments
5.9.5.Product portfolio
5.9.6.R&D Expenditure
5.9.7.Business performance
5.9.8.Key strategic moves and developments
5.10.SENNHEISER ELECTRONIC GMBH & CO. KG
5.10.1.Company overview
5.10.2.Key Executives
5.10.3.Company snapshot
5.10.4.Operating business division
5.10.5.Product portfolio
5.10.6.Business performance
5.10.7.Key strategic moves and developments
LIST OF TABLES
TABLE 01.ASIA-PACIFIC & MIDDLE EAST MOBILE ACCESSORIES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 02.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET FOR OFFLINE , BY SUBSEGMENT, 2019-2027, ($MILLION)
TABLE 03.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET FOR RETAILERS, BY COUNTRY, 2019-2027, ($MILLION)
TABLE 04.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET FOR RETAILERS, BY COUNTRY, 2019-2027, ($MILLION)
TABLE 05.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET FOR RETAILERS, BY COUNTRY, 2019-2027, ($MILLION)
TABLE 06.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET FOR RETAILERS, BY COUNTRY, 2019-2027, ($MILLION)
TABLE 07.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET, BY COUNTRY, 2019-2027, ($MILLION)
TABLE 08.APPLE INC.: KEY EXECUTIVES
TABLE 09.APPLE INC.: COMPANY SNAPSHOT
TABLE 10.APPLE INC.: OPERATING SEGMENTS
TABLE 11.APPLE INC.: PRODUCT PORTFOLIO
TABLE 12.APPLE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 13.BOSE CORPORATION: KEY EXECUTIVES
TABLE 14.BOSE CORPORATION: COMPANY SNAPSHOT
TABLE 15.BOSE CORPORATION: OPERATING SEGMENTS
TABLE 16.BYD COMPANY LTD.: KEY EXECUTIVES
TABLE 17.BYD COMPANY LTD.: COMPANY SNAPSHOT
TABLE 18.BYD COMPANY LTD.: OPERATING SEGMENTS
TABLE 19.BYD COMPANY LTD. PRODUCT PORTFOLIO
TABLE 20.ENERGIZER HOLDINGS, INC.: KEY EXECUTIVES
TABLE 21.ENERGIZER HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 22.ENERGIZER HOLDINGS, INC.: OPERATING SEGMENTS
TABLE 23.ENERGIZER HOLDINGS, INC.: PRODUCT PORTFOLIO
TABLE 24.ENERGIZER HOLDINGS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 25.JVCKENWOOD CORPORATION: KEY EXECUTIVES
TABLE 26.JVCKENWOOD CORPORATION: COMPANY SNAPSHOT
TABLE 27.JVCKENWOOD CORPORATION: OPERATING SEGMENTS
TABLE 28.JVCKENWOOD CORPORATION: PRODUCT PORTFOLIO
TABLE 29.JVCKENWOOD CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 30.PANASONIC CORPORATION: KEY EXECUTIVES
TABLE 31.PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 32.PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 33.PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 34.PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 35.PLANTRONICS, INC.: KEY EXECUTIVES
TABLE 36.PLANTRONICS, INC.: COMPANY SNAPSHOT
TABLE 37.PLANTRONICS, INC.: OPERATING SEGMENTS
TABLE 38.PLANTRONICS, INC.: PRODUCT PORTFOLIO
TABLE 39.PLANTRONICS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 40.SAMSUNG ELECTRONICS CO. LTD.: KEY EXECUTIVES
TABLE 41.SAMSUNG ELECTRONICS CO. LTD.: COMPANY SNAPSHOT
TABLE 42.SAMSUNG ELECTRONICS CO. LTD.: OPERATING SEGMENTS
TABLE 43.SAMSUNG ELECTRONICS CO. LTD.: PRODUCT PORTFOLIO
TABLE 44.SAMSUNG ELECTRONICS CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 45.SONY CORPORATION: KEY EXECUTIVES
TABLE 46.SONY CORPORATION: COMPANY SNAPSHOT
TABLE 47.SONY CORPORATION: OPERATING SEGMENTS
TABLE 48.SONY CORPORATION: PRODUCT PORTFOLIO
TABLE 49.SONY CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 50.SENNHEISER ELECTRONIC GMBH & CO. KG: KEY EXECUTIVES
TABLE 51.SENNHEISER ELECTRONIC GMBH & CO. KG: COMPANY SNAPSHOT
TABLE 52.SENNHEISER ELECTRONIC GMBH & CO. KG: OPERATING SEGMENTS
TABLE 53.SENNHEISER ELECTRONIC GMBH & CO. KG: PRODUCT PORTFOLIO
TABLE 54.SENNHEISER ELECTRONIC GMBH & CO. KG: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.EXECUTIVE SUMMARY
FIGURE 02.MARKET SHARE ANALYSIS, 2018
FIGURE 03.ASIA-PACIFIC & MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET, BY DISTR IBUTION CHANNEL, 2019-2027 ($MILLION)
FIGURE 04.AUSTRALIA/NEW ZEALAND MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 05.INDONESIA MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 06.JAPAN MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 07.SOUTH KOREA MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 08.MALAYSIA MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 09.PHILIPPINES MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 10.SINGAPORE MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 11.TAIWAN/HONG KONG/MACAO MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 12.THAILAND MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 13.VIETNAM MOBILE PHONE ACCESSOIERIES MARKET, 2019–2027 ($MILLION)
FIGURE 14.MIDDLE EAST MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 15.REST OF ASIA PACIFIC MOBILE PHONE ACCESSORIES MARKET, 2019–2027 ($MILLION)
FIGURE 16.APPLE INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 17.APPLE INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 18.APPLE INC.: REVENUE SHARE BY CATEGORY, 2019 (%)
FIGURE 19.APPLE INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 20.BOSE CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 21.BYD COMPANY LTD.: R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 22.BYD COMPANY LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 23.BYD COMPANY LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 24.BYD COMPANY LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 25.ENERGIZER HOLDINGS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 26.ENERGIZER HOLDINGS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 27.ENERGIZER HOLDINGS, INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 28.ENERGIZER HOLDINGS, INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 29.JVCKENWOOD CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 30.JVCKENWOOD CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 31.JVCKENWOOD CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 32.PANASONIC CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 33.PANASONIC CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 34.PANASONIC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 35.PANASONIC CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 36.PLANTRONICS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 37.PLANTRONICS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 38.PLANTRONICS, INC.: REVENUE SHARE BY PRODUCT CATEGORIES, 2019 (%)
FIGURE 39.PLANTRONICS, INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 40.SAMSUNG ELECTRONICS CO. LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 41.SAMSUNG ELECTRONICS CO. LTD.: NET SALES, 2017–2019 ($MILLION)
FIGURE 42.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 43.SAMSUNG ELECTRONICS CO. LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 44.SONY CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 45.SONY CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 46.SONY CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 47.SONY CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 48.SENNHEISER ELECTRONIC GMBH & CO. KG: REVENUE, 2016–2018 ($MILLION)
FIGURE 49.SENNHEISER ELECTRONIC GMBH & CO. KG: REVENUE SHARE BY REGION, 2018 (%)
The Asia-Pacific & Middle East mobile phone accessories market is highly competitive, owing to the strong presence of the existing vendors. Mobile phone accessories vendors, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
At present, the mobile accessories market witnesses a steady growth. Increase in the sales of smartphones fuels the demand for mobile accessories. Furthermore, increase in the purchasing power and changes in lifestyles of the people are the key factors that boost the sales of mobile phone accessories in the developing economies such as India, Indonesia, Vietnam, and Middle East, among others.
The Asia-Pacific & Middle East mobile phone accessories manufacturing and sales ratio is high in China, Japan, India, and South Korea, which fuels the mobile phone accessories market growth. Companies such as Bose Corporation, Apple Inc., and Samsung Electronics are the prominent manufacturers of mobile phone accessories. Price range is the base of mobile phone accessories according to which accessories are categorized into premium, mid, and low. Also, online portals have become a convenient mode for buying accessories because of easy payment and refund policies.
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