Rapid urbanisation and increasing disposable income are factors contributing significantly to the growth of the India mobile phone accessories market
The India mobile phone accessories market has grown significantly in recent years with immense opportunities owing to substantial growth in the worldwide adoption of smartphones and tablets. Decreasing prices of mobile phones is increasing smartphone penetration, which in turn is surging the growth of the India mobile phone accessories market. Increasing disposable income has transformed consumer buying and spending trends mainly in urban areas.
Adoption of mobile devices amongst the youth across the globe has provided a robust stimulus for the growth of the market. Moreover, increasing internet penetration has uplifted the trend of online retailing in the India mobile phone accessories market due to convenience of cash on delivery payment option and various price discounts along with a wide variety of products offered by e-retailers. This is anticipated to catalyse the growth of the India mobile phone accessories market.
XploreMR forecasts the India mobile phone accessories market to reach a market valuation in excess of US$ 3,500 Mn by 2026, representing a CAGR of 10.4% between 2016 and 2026. The India mobile phone accessories market is estimated to represent incremental dollar opportunity of over US$ 2,200 Mn during the decade.
Mobile Phone Accessories Market: Power Bank Product Type Segment Anticipated to Expand at a Comparatively High CAGR over the Forecast Period: India Industry Analysis & Opportunity Assessment, 2016 - 2026Buy Now
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