Persistence Market Research has recently compiled a report, which reveals that the APAC mobile protective cases will witness a growth of 5.9% CAGR over the projected period, 2016-2026.
New York, NY -- (SBWIRE) -- 09/12/2017 -- Growing population and proliferation of smartphones has revved up demand for the mobile protective cases globally. Moreover, absence of standardization is likely to limit development of the advanced protective cases for mobile phones.
Increase in disposable income has transformed the buying and spending patterns among consumers, particularly in urban areas. Surge in adoption of mobile phones among youth boosts demand for the mobile protective cases in APAC during the predicted period. Growing demand for internet services is fuelling online retailing trend in the APAC market of mobile protective cases.
Increasing preference for various discount options and cash on delivery option for payment with internet services will further impact growth of the market mobile protective case in APAC during the predicted period. Such factors are likely to contribute towards growth of the market for mobile protective case in APAC throughout 2026.
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In contrast to this, relatively low prices of pirated products that are available at a relatively low price as compared to the original product prices. Consumers particularly in emerging countries including India and China are attracted to purchase such products. Such factors are likely to hinder growth of the market for mobile protective case in APAC throughout 2026.
Moreover, limited standardization in terms of component, and technology are used for manufacturing accessories for mobile phones. Limited standardization leads to increasing price and product differentiation. Such factors are likely to inhibit growth of the market for mobile protective case in APAC throughout 2026.
China among other countries of APAC will account for a market share of over 50% by the end of 2016. The market for mobile protective case in China is likely to represent a significant revenue share and CAGR throughout 2026. The market for mobile protective case in China is likely to represent a market share of nearly 54% by 2026-end.
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Moreover, the China market will represent an attractiveness index of 3.1 during the predicted period. The market for mobile protective case in Indonesia is likely to represent a market share of 3% by the end of 2026. The market for mobile protective case in Indonesia will witness a growth 1.5X during the predicted years. The market in Indonesia will register relatively low attractiveness index among other countries in APAC by the end of 2026.
Leading manufacturers operating in the market for mobile protective case in APAC include Pelican Products Inc., Reiko Wireless Inc., Moshi, Incipio, LLC, Belkin International Inc., Otter Products, LLC, CG Mobile Ltd., and Griffin Technology, Inc. Samsung Electronics Co., Ltd., and Apple Inc. represent the major market players globally. Key market players mainly focus on strategies such as expanding market presence, and improving market presence.
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In addition, various market players are increasingly focusing on market strategies such as mergers and acquisitions. Apple Inc., entered into acquisition with a music service provider that offers streaming services, Beat Music and Beat Electronics for US$ 3 Bn collectively. This acquisition by Apple Inc., was mainly to expand the product portfolio of the company.
Asia Pacific Market Study on Mobile Protective Cases is available for US$4,900 https://www.persistencemarketresearch.com/checkout/14857