Car Phone Holders Market Overview Growth Rate, Key Companies, Regional Analysis & Forecast to 2030.
Car Phone
Holders Market Outlook
The latest version of Car Phone Holders Market
Insights is the product of continuous technical advances and market player
R&D. Magnet mounting and phone charging capabilities are popular features
of modern car phone holders. However, rising road accident rates due to
distracted driving, as well as a rise in the number of private label brands,
are expected to limit overall market growth. The growing demand for GPS
navigation to aid car taxi drivers such as Uber and other companies in keeping
track of their journey is expected to generate a significant opportunity for
the global car phone holder industry. The car phone holder market is also being
driven by the increasing adoption of wireless devices such as wireless car
charger mounts, among others, because of advances in wireless technology.
Global Car
Phone Holders Market Size is projected to reach approximately
USD 1,241.91 Billion by 2027, exhibiting a CAGR of 5.92% from 2020 to 2030
People nowadays
are so dependent on their phones that they carry them with them everywhere.
This influences the demand for phone car mounts. There are several applications
for a phone car mount. It provides people with convenience, ensures their
protection while driving, and aids in the maintenance of cleanliness. In recent
years, the global market for car phone holders has experienced rapid growth.
The growing population of developing countries, the consumer buying power, and
cell phones being an indispensable part of urban life have boosted phone
accessory sales, fuelling demand for car phone holders among consumers all over
the world.
COVID-19 Impact
Analysis
has had a significant
effect on the distribution and sales of various goods across industries. Many
countries are on lockdown and have closed their borders to prevent the virus
from spreading. COVID-19's effect on logistics has disrupted the supply of raw
materials, resulting in decreased manufacturing capacity and, as a result,
product shortages. In the short term, these factors are projected to increase
the price of car phone holders. Furthermore, restricted traffic movements have
reduced the market for car phone holders globally, which is expected to
stabilise with the gradual easing of government restrictions during the
forecast period.
Market
Segmentation
By product type,
the Car Phone Holders Market Research is segmented into magnetic and
cradle/spring. In 2019, the cradle/spring segment held the largest market
share, and it is expected to grow at a moderate pace over the forecast period.
Cradle or spring Car Phone Holders Market Size Growth Analysis are more robust
than their counterparts, and are better suited to large and heavy smartphones,
as well as customers who change their phones regularly.
The market is
divided into sticky pad, car air vent clip, suction pad, and other mounting
styles. Because of its ease of installation on a plane surface within the
vehicle, the suction pad segment held the largest market share in 2019 and is
expected to expand at a moderate pace during the forecast period.
The market is
divided into two categories: wireless charging and regular charging. During the
forecast period, the wireless charging segment is expected to rise at the
fastest pace. Wireless charging phone holders are easy to use because they
charge the phone as soon as it meets the holder, removing the need to charge
the phone with a cable.
The industry is
divided into two types of distribution channels: store-based and
non-store-based. During the forecast period, the non-store-based segment is
expected to expand at a faster pace. For comprehensive sales of their goods,
manufacturers of car phone holders prefer non-store-based distribution
networks.
Regional Overview
Due to the high popularity of car
phone holders market overview as accessories
and a large distribution network, North America dominated the global car phone
holders’ market in 2019. Growing smartphone sales, increased product awareness,
and increased consumer spending power are expected to directly boost the
regional market during the forecast period.
For the car phone
holders’ segment, Asia-Pacific is a new revenue source. The rising purchasing
power of the people in China, India, and Southeast Asia has developed a
lucrative market for established players. The growth of the market in the area
is being guided by increasing per capita disposable income, the growing usage
of smartphones among the youth, and the launch of innovative products by market
players.
Competitive
Dashboard
The notable key Car Phone Holders market
players are Shenzhen DIVI Technology Co., Ltd (Ainope) (China), Belkin
International, Inc. (US), iOttie, Inc. (US), Kenu (US), Mirakase International
Limited (Hong Kong), Scosche Industries, Inc. (US), MPOW Innovations Limited
(US), Humixxus (China), WizGear (US), and TechMatte Inc. (US).
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