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.