"Margins are between 30% and 60%, depending on the accessory, higher than phones that offer about 10%," said Arvind Singhal, founder of retail consultancy Technopak. Massive numbers are making the segment extremely lucrative for large format retailers and even handset makers, said industry watchers.
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Mobile phone accessories market revenues worldwide 2020-2030
According to Next Move Strategy Consulting, the global mobile phone accessories market was valued at roughly 278 billion U.S. dollars in 2020. By 2030, the market is forecast to have a value of 413.2 billion U.S. dollars.
According to Next Move Strategy Consulting, the global mobile phone accessories market was valued at roughly 278 billion U.S. dollars in 2020. By 2030, the market is forecast to have a value of 413.2 billion U.S. dollars.