The Phone Case Market is being driven by Growth in penetration of smart mobile phones
The Phone Case Market is expected to grow at a CAGR of 6.76% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.9 billion. The e-commerce sector in India has experienced exponential growth, particularly in Tier 2 and Tier 3 cities, as major players expand their reach beyond metropolitan areas. This development has brought high-quality products and services, including phone cases, to a broader consumer base. According to the India Brand Equity Foundation (IBEF), the Indian e-commerce market is projected to reach a valuation of USUSD 300 billion by 2030, underscoring the significant potential for growth in this sector. As the global shift to online shopping continues, driven in part by the COVID-19 pandemic, consumers in semi-urban and rural areas are increasingly embracing this trend, providing a lucrative opportunity for businesses in the phone case market.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.76% |
Market growth 2024-2028 |
USD 13.9 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.13 |
Key countries |
US, China, India, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
Title: The Booming Phone Case Market: Biodegradable, Customized, Shockproof, and More! The phone case market is thriving as smartphone users continue to seek ways to protect their devices. From biodegradable cases that are eco-friendly and sustainable, to customized cases that reflect individuality, there's a case for every need and preference. Shockproof and rugged cases offer robust protection for those with an active lifestyle, while ultrathin cases cater to those who prioritize a sleek design. MagSafe compatibility is a popular feature for users of the latest iPhone models, allowing for seamless wireless charging. Recycled phone cases made from ecofriendly materials are gaining traction among environmentally conscious consumers. Ecommerce platforms and online stores dominate the market, with social media trends and lifestyle influences driving sales. India's mobile users, in particular, are embracing the trend, with e-commerce giants like Amazon and Flipkart offering a wide range of protective covers, including Body Glove's customizable options. The digital marketplace segment is expected to grow, with repair costs and the desire for quality protective cases driving demand. In conclusion, the phone case market is diverse and dynamic, catering to the unique needs and preferences of smartphone and mobile users alike. Whether it's biodegradable, customized, shockproof, or recycled, there's a phone case for every lifestyle and budget.
The global household and personal care products market encompasses the production and research and development of a diverse range of items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, the market size is determined by the collective revenue generated by manufacturers in this sector. Factors driving growth in this market include the positive correlation between disposable income and discretionary spending, which encompasses expenditures on luxury and lifestyle-related products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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