Key Market Insights
“Growing urbanization along with rising access to social networking platforms will boost the market”
The global mobile phone protective case market is growing proficiently, projected to grow at a CAGR of 6.5% during the expected period from 2020 to 2028, starting from US$ 21.36 Bn in 2019.
The mobile phone protective cases are basically designed to attach to, or hold a cell phone, are well-accepted, fashionable, and suitable accessories for different phones (including smartphones and feature phones). Presently, mobile phone protective cases are highly demanded by smartphone users all across the globe. The mobile phone protective cases market is majorly dependent upon the sale of smartphones all over the world. Over the next few years, the smartphone market is expected to expand at a robust CAGR. Significant reduction in average selling prices of smartphones, rising trends of online video viewing, increasing access to social networking sites as well as online e-commerce penetration is likely to proper the demand for smartphones which will positively impact the growth of the mobile phone protective cases market during the forecast period.
Higher movement of people from rural to urban areas especially in Asian countries such as China and India, strong inclination towards smartphones, and a significant and resilient distribution network is anticipated to fuel the growth of the global mobile phone protective cases market between 2019 and 2028. Furthermore, increasing the need to increase the lifetime of smartphones as well as to cover and protect it from any outside damage has resulted in more people choosing to use mobile protective cases.
“Introduction of advanced material with innovative functions will drive the demand for body glove segment globally”
The body glove segment is expected to hold the largest market share for over 30% in the year 2019. The introduction of advanced materials like thermoplastics, rubber, and silicon in order to deliver a 360° protected sleek designs is anticipated to expand the market for body gloves in the upcoming years. Additionally, the introduction of multi-layered protective mobile covers is likely to provide maximum mobile protection. For instance, in August 2018 the Pelican Products, Inc. has introduced high-performance cases for Samsung Galaxy Note9, thereby providing eventual protection for the smartphones.
Furthermore, innovative functions, consumer readiness, consumer affordability, and new designs will expand the market for mobile phone protective covers globally. For instance, OtterBox and PopSockets have collaborated to provide a wide range of protective covers with more graphics and colors, “Otter+Pop Symmetry” and “Defender Series” with an integrated pop-grip.
Regional Analysis
“Dominance is led by the expansion in e-commerce coupled with a rising number of mobile subscribers to drive the market growth.”
Asia Pacific mobile phone protective cases market contributed the highest share in the total revenue of the global mobile phone protective cases market by geography in 2019. Over the next few years, Latin America and the Middle East mobile phone protective cases market is anticipated to expand at a stupendous CAGR till 2028. This is majorly due to rising urbanization along with changing demographics and increasing personal disposable income in the mentioned regions.
Moreover, Asia Pacific has been accounted for as the biggest contributor to mobile phone protective cases in recent years and still has room for market growth. In 2019, there were around 2.7 billion mobile users in the Asia Pacific mostly from China, Japan, and India, which is likely to drive the demand for mobile phone protective cases across the region. Additionally, technological advancements like the 4G network system in burgeoning economies such as Japan, Australia, and China. Furthermore, the presence of emerging markets such as Indonesia, Bangladesh, and India will propel the market for mobile phone protective case, owing to the growing subscribers for the 4G network over the forecasted period.
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Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Mobile Phone Protective Cases market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report