Mobile Phone Accessories Market expected to grow at a CAGR of 6.3% during 2016 to 2026
Future Market Insights has announced the addition of the “Mobile Phone Accessories Market: Africa Industry Analysis and Opportunity Assessment, 2016–2026"report to their offering.
The Africa Mobile Phone Accessories market is anticipated to grow from US$ 2,315.9 Mn in 2016 to US$ 4,060.2 Mn by 2026, registering a CAGR of 5.8% in terms of revenue during the forecast period (2016-2026) – according to a new report “Mobile Phone Accessories Market: Africa Industry Analysis and Opportunity Assessment, 2016–2026” published by Future Market Insights. In this report, the Africa mobile phone accessories market is tracked in terms of value and volume, and is calibrated to obtain market revenue estimates.
According to Future Market Insights, “Increasing disposable income and rapid urbanisation are factors anticipated to drive growth of the Africa mobile phone accessories market over the forecast period. Increased internet usage and smartphone penetration, along with a robust growth of m-commerce is further expected to push the demand for mobile phone accessories in Africa during the forecast period.” The report also identifies factors likely to hamper the growth of the Africa mobile phone accessories market. Poor economic conditions and an established market captured by Chinese vendors are some of the major challenges expected to be faced by market players in the Africa mobile phone accessories market during the forecast period.
The overall Africa mobile phone accessories market is segmented on the basis of type, price, distribution channel, and region. The report provides market data in terms of value and volume and forecasts projections for the period 2016-2026.
In terms of region, Future Market Insights sees great potential in the Rest of Africa region, a segment that dominated the overall Africa mobile phone accessories market in 2015, accounting for more than one-third of the total market share. This segment is expected to be the largest revenue generator for mobile phone accessories in Africa by 2016, accounting for a revenue share of 44.1% by the end of 2016. The mobile phone accessories market in South Africa is projected to expand at the highest CAGR during the forecast period.
Future Market Insights forecasts a very promising scenario for key players operating in the Africa mobile phone accessories market over the next 10 years. Analysts are of the opinion that innovation in new product offerings and services will be a critical lever for companies such as Case-Mate, Muvit, and Mozo Accessories to consolidate their market position and establish a solid customer base.
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Jan 27, 2017