India Aftermarket Mobile Phone Accessories Market Research: Aarkstore.Com

India Mobile Phone Accessories Market Outlook 2020

This study examines the India Aftermarket Mobile Phone Accessories Market in India and its future outlook by 2020. The mobile phone accessories market is totally dependent upon the smart phone sale in the country. The growth in the sale of mobile phone accessories is directly proportional to the smart phone sales. India mobile featured phone market is expected to register at a compound annual growth rate (CAGR) of 2.6% during 2014 to 2020. On the other hand, smart phone market is expected to show an astonishing CAGR of 21.4% during the same forecast period. Factors like, continuous fall in average selling price of the smart phones, burgeoned online video viewing, hiked penetration of services like Whats App, e-commerce websites for shopping and introduction of services like 3G and 4G network in the country are driving people to shift from featured phones to smart phones across the country.

The report encompasses the mobile phone accessories manufacturers, their product offerings, market acceptance level of accessories like earphones, cases, mobile phone stands, splitters, earphone extension cable, cases, power banks, headsets, portable speakers, chargers and batteries. Out of all above mentioned accessories, at 22.5%, trendy mobile phone cases, covers and skins accounted for the largest share followed by the chargers in 2014. With rising fashion consciousness amongst youth in tier I, tier II and tier III cities, it is anticipated that protective cases will remain at top with highest share in 2020. In India, parents, friends, office colleague and peer group works as an influencer while making any purchase. Even smart phone and accessories are not un-touched by this fact. Any new player, entering India with decent quality mobile phone accessories, is well accepted by the youth and word of mouth further helps the company to extend its reach in tier III cities. The mobile phone accessories market is gaining...