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Global Battery Case Market Expected to Reach $8,980 Million by 2025

 
 

quote The battery case market possesses high growth potential, owing to the fact that several companies have adopted various strategies, such as product launch and collaboration, to expand their presence in the global market. In 2017, the medium price range segment dominated the global battery case market, in terms of revenue. However, the premium price range segment is expected to grow at a highest CAGR during the forecast period. By distribution channel, the online segment is anticipated to dominate the market throughout the forecast period. quote

Prasad Kakade & Rahul Kumar
Lead Analysts, Semiconductor & Electronics at AMR.

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According to a recent report published by Allied Market Research, titled, Global Battery Case Market by Price Range and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global battery case market was valued at $4,125.5 million in 2017, and is projected to reach $8,980.2 million by 2025, growing at a CAGR of 10.0% from 2018 to 2025.

Presently, North America dominates the global battery case market, followed by Europe. In 2017, the U.S. dominated the North America market, whereas the UK led the overall market in Asia-Pacific. However, China currently governs the in Asia-Pacific market.

Higher internet dependency for personal & business activities and surge in demand of smartphones act as the major drivers of the global battery case market. In addition, exponential rise in demand for wireless accessories significantly contribute toward the growth of the market. However, compatibility issues of battery case restrain the market growth. Conversely, increase in need for convenience, in terms of mobility and ease of usage, is expected to create lucrative growth opportunities for the global battery case market.

Key Findings of the Battery Case Market:

  • On the basis of price range, the medium price range segment led the global battery case market in 2017.
  • The North American region held the majority share in 2017.
  • By distribution channel, the online segment dominated the global market in 2017.
  • Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

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quote Battery Cases Market by Price Range (Low, Medium, and Premium) and Distribution Channel (Online and Offline) - Global Opportunity Analysis and Industry Forecast, 2018-2025 quote

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