Easy Availability is contributing to the Growth of the Mobile Phone Power Accessories Market
Global mobile phone power accessories market is anticipated to grow at a CAGR of 5.7% during the forecast period (2024-2031). The market growth is driven by the increase in the adoption of smartphones, continual improvement of smartphone technology, availability of affordable and accessible smartphones, and the advantages of smartphones in the modern world. Additionally, the proliferation of cost-effective data plans, and the expansion of mobile internet infrastructure, increase the use of mobile phones, boosting the mobile phone power accessories market.
The global mobile phone power accessories market is segmented by component (power bank, chargers, and power cables) by sales channel (online and offline), and by geographies (North America, Europe, Asia-Pacific, and the Rest of the World).
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The major players in the global mobile phone power accessories market include Apple Inc., Google LLC., Xiaomi, Sony Corp., Samsung Electronics, Co., Ltd., Huawei, and others. The market players are contributing significantly to the market growth, by the adoption of various business strategies, such as collaborations, mergers and acquisitions, product portfolio diversification, and more.
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