Europe Mobile Phone Accessories Market to Reach $47.18 Billion by 2027

Download PDF Sample

Speech Recognition Market

“Increase in sales of smartphones fuel the demand for mobile accessories. Rise in the purchasing power and changes in lifestyle of people are the key factors that boost the sales of mobile phone accessories. Companies such as Bose Corporation, Apple Inc., and Samsung Electronics are the prominent manufacturers of mobile phone accessories. In addition, as per the Europe mobile phone accessories market trends,online portals have become a convenient mode for buying accessories because of easy payment and refund policies. The changing consumer attitude toward online shopping is adding advantage to the Europe mobile phone accessories market growth.�

Shantanu Sachan Lead Analyst, Semiconductors & Electronics at Allied Market Research Download PDF Sample

Speech Recognition Market

According to a recent report published by Allied Market Research, titled, " Europe Mobile Phone Accessories Market by Product type, Distribution Channel and Price Range: Global Opportunity Analysis and Industry Forecast, 2020-2027," the Europeanmarket was valued at $36.67billion by 2019 and is projected to reach $47.18 billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027.

In 2019, Eastern Europedominated the market, contributing more than 25% share of the overall revenue, followed

by Germany. The Europe mobile phone accessories market analysis in the report include Poland, Turkey, Ukraine, Bulgaria, and Czech Republic in the east Europe market.

Rise in adoption of smartphones in Europe is expected to majorly drive the Europe mobile phone accessories market growth as they offer seamless connectivity to the digital world. In addition, Bluetooth wireless headphones offer portability, convenience, cost-effectiveness, efficiency, and flexibility, compared to wired devices, which provides convenience to customers over wired headphones.

Download PDF Sample

Speech Recognition Market

Rise in demand for such wireless accessories is anticipated to drive the mobile phone accessories market. This increase in demand is attributedto change in customer preferences such as listening to music on smartphones and tablets. Demand for mobile phone accessories has increased,owingto surge in disposable income and rise in popularity of social networking sites in urban areas. Rapid technological advancements, including implementation of noise canceling technology, Bluetooth/NFC speakers, and built-in fan and light in selfie sticks, are expected to offer lucrative growth opportunities in the future.

Region wise, the Europe mobile phone accessories market is analyzed across Germany, UK, France, Nordic countries, Holland, Spain, Portugal, Eastern Europe, Belgium, and rest of Europe. Nordic countries is further analysed across Norway, Sweden, Denmark and Finland. Eastern Europewas the highest revenue generator in 2019, accounting for $9.28 billion, and is estimated to garner $11.00 billion by 2027, growing at a CAGR of 1.80%. This is attributed to the fact that over the past few years, increase in number of users of smartphones has increased in this region. However, North America is expected to account for $2.58 billion by 2027, growing at a CAGR of 13.73%.

The Europe mobile phone accessories market is segmented into product type, distribution channel, Price range, and region. By product type, it is divided into battery, headphones, portable speaker, chargers, memory card, power bank, protective case, battery cases, screen guard, popsockets, and others.

Download PDF Sample

Speech Recognition Market Key Findings of the Study:  By product type, the headphones sensors segmentheld the highest revenue of $8.56billion in 2019 and contributed a major part in the Europe mobile phone accessories market size.  By distribution channel, the offline Europe mobile phone accessories segment held the highest revenue share of the market in 2019, generating$27.85 billionas per theEurope mobile phone accessoriesmarket analysis.  By price range, thepremium range segmentheld the highest revenue share of the market in 2019, generating $21.71billion.  By region, eastern Europeis expected to dominate themarket,garnering a major shareduring the forecast period.

Download PDF Sample

Speech Recognition Market

Major Companies:           

Panasonic Corporation Sennheiser Electronic Sony Corporation Samsung Electronics Co., Ltd Apple Inc Bose Corporation Amazon Inc. Carrefour S.A. MediaMarkt J SAINSBURY PLC Xiaomi Corporation Download PDF Sample

Speech Recognition Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1503-894-6022, +1-503446-1141 UK: +44-845-528-1300 Hong Kong: +852-30184916 India (Pune): +91-2066346060 Fax: +1⟨855⟩550-5975

Download PDF Sample