Consumer Electronic Accessories Market Segmented by Type (Cell phone Accessories, Car Electronic Accessories, Laptop and PC Accessories, Audio and Video Accessories, Camera and Photo Accessories, Office Appliance Accessories)
ID: PMRREP22333
Format: PPT*, PDF, EXCEL
Last Updated: 29 March 2023
Industry: Consumer Goods
Number of Pages: 297
The market for consumer electronic accessories was valued at US$ 47.3 Billion in 2022, and it is expected to have grown to US$ 111.2 Billion by the end of 2033. The market for consumer electronic accessories is appraised to evaluate to US$ 50.4 Billion in 2023 and is estimate to grow at a CAGR of 8.3% from 2023 to 2033.
Consumer electronic accessories refer to additional products or devices that are designed to enhance the functionality, performance, or aesthetics of electronic devices such as smartphones, laptops, cameras, and other gadgets. These accessories are sold separately from the electronic device and can include items such as protective cases, screen protectors, chargers, headphones, speakers, styluses, memory cards, and other peripherals.
Consumer electronic accessories can provide added convenience, protection, and customization to electronic devices, as well as improved performance and functionality. They are widely available in various designs, features, and price points to cater to different consumer needs and preferences.
The consumer electronic accessories market in North America held 25.5% which is the uppermost market share in the worldwide landscape in 2022 and is projected to retain its position within the forecast period. The demand for consumer electronic accessories in the Europe region it held around 19.1% of the market in 2022.
|
Consumer Electronic Accessories Market Size (2023) |
US$ 50.4 Billion |
|
Projected Market Value (2033) |
US$ 111.2 Billion |
|
Global Market Growth Rate (2023-2033) |
8.3% |
|
Laptop and PC Accessories Market Share (2022) |
35.3% |
|
India Market Growth Rate (2023-2033) |
13.7% |
|
Online stores Market CAGR (2023-2033) |
11.1% |
“Rapid Advancements Make it Difficult to Keep Up in the Consumer Electronic Accessories Market”
Rapid technological advancements in the consumer electronic accessories market can both be a driving force for growth and a restraint that poses hurdles for the industry. The advancements in technology can lead to the development of new and innovative products that can attract consumers and increase demand.
The rapid technological advancements can also make it difficult for companies to keep up with the latest trends and incorporate new technologies into their products. This can lead to high research and development costs and longer product development cycles, which can impact a company's ability to compete in the market.
Additionally, consumers may be hesitant to purchase new products if they feel that they will quickly become outdated or obsolete due to the pace of technological change. Furthermore, rapid technological advancements can also lead to issues such as compatibility challenges and interoperability issues.
“Growing Popularity of Consumer Electronic Devices Will Boost the Demand for Consumer Electronic Accessories Market in USA”
The popularity of consumer electronic devices such as smartphones, tablets, laptops, and gaming consoles continues to grow, it has a direct impact on the demand for consumer electronic accessories. Accessories such as smartphone cases, screen protectors, styluses, laptop sleeves, and gaming controllers are all popular products that are commonly purchased by consumers in USA.
The demand for these accessories is directly related to the increasing popularity of electronic devices as people want to protect their devices and enhance their functionality.
Therefore, the growing popularity of consumer electronic devices is a significant factor that is boosting the demand for consumer electronic accessories in the USA, allowing the country to have held a market share of 19.7% in 2022.
“The Growing Social Media and Influencer Culture in India Will Boost the Consumer Electronic Accessories Market”
The growing social media and influencer culture in India, it has become easier for brands to market their products and reach a wider audience. Influencers on social media platforms such as Instagram and YouTube have a significant impact on their followers' purchasing decisions, and they often promote various products including consumer electronic accessories.
This has led to increased awareness and demand for certain electronic accessories among consumers in India.
Furthermore, social media platforms also offer a platform for e-commerce businesses to market and sell their products. Many businesses have leveraged the power of social media platforms to reach new customers and increase sales.
Therefore, the growing social media and influencer culture in India is a significant factor that is boosting the demand for consumer electronic accessories in the Indian market. These factors allow the Indian market to progress at a CAGR of 13.7% over the forecast period.
“Growing E-commerce Industry in Germany Will Drive the Demand for The Consumer Electronic Accessories Market”
Since the rise of e-commerce platforms, it has become easier for consumers to access a wide range of products online. This has led to increased competition among retailers, which has resulted in lower prices for consumers.
Additionally, e-commerce platforms offer convenience and flexibility, allowing consumers to shop from the comfort of their homes and at any time of the day.
Moreover, the COVID-19 pandemic has accelerated the shift towards online shopping as people look for safer ways to purchase goods. This has further boosted the growth of e-commerce in Germany, with more and more consumers turning to online shopping.
The increasing demand for consumer electronic accessories can also be attributed to the rise of smartphones, tablets, and other electronic devices, which require accessories such as cases, screen protectors, chargers, and headphones. As consumers continue to purchase these devices, the demand for accessories will continue to rise in Germany.
What Factors Are Influencing the Demand for Laptop and PC Accessories in Consumer Electronic Accessories?
“Rapid Technological Advancements in Laptop and PC Accessories Will Boost the Market for Consumer Electronic Accessories”
The advancements in technology have led to the development of new and improved accessories that cater to the evolving needs of consumers.
For instance, the rise of remote work has led to an increased demand for accessories such as webcams and noise-cancelling headphones. The gaming industry has also driven the demand for specialized gaming accessories such as gaming mouse, keyboards, and headsets.
Moreover, the increasing use of laptops and PCs for various purposes such as entertainment, education, and business has further boosted the market for consumer electronic accessories.
As consumers seek to enhance their user experience, they are increasingly investing in accessories that improve the performance, speed, and storage capacity of their devices.
What Are Different Factors Allow Online Stores in Consumer Electronic Accessories to Dominate the Market?
“The Wide Range of Products Available at Online Stores Will Drive the Demand for Consumer Electronic Accessories Market”
The wide range of products available at online stores can drive the demand for the consumer electronic accessories market.
Online stores offer a vast selection of products, including the latest gadgets, electronic accessories, and components, making it easier for consumers to find what they are looking for the products.
This allows consumers to explore different products and brands, compare prices, and make informed decisions about their purchases.
The convenience of shopping online, along with the vast product selection, can also attract new customers who may not have had access to a physical store that sells the desired product. The increased demand for consumer electronic accessories may lead to more innovative products being introduced to the market.
The rising competition in the consumer electronic accessories that makes the players to produce cost efficient and technologically more advanced products which will easily consumable by diverse markets across globe.
Recent developments related to key players providing consumer electronic accessories market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.
In 2022, the market value consumer electronic accessories were US$ 47.3 Bn.
The global consumer electronic accessories market is estimated to advance at 8.3% CAGR through 2033.
The market for consumer electronic accessories is forecasted to climb to US$ 111.2 Bn by 2033 end.
Demand for consumer electronic accessories market in china is projected to rise at a CAGR of 14.3% over the forecast period.
In 2022, the North America consumer electronic accessories market held a dominant market share of 25.5%.
|
Attribute |
Details |
|
Forecast Period |
2023-2033 |
|
Historical Data Available for |
2018-2022 |
|
Market Analysis |
US$ Bn for Value |
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Market Segments Covered |
|
|
Key Companies Profiled |
|
|
Pricing |
Available upon Request |
By Product Type:
By Distribution Channels:
By Region:
For more information on this report and its delivery timelines please get in touch with our sales team.
