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According to the report, the Europe mobile phone accessories爉arket爓as estimated at $36.67 billion in 2019, and is爌rojected to爎each $47.18 billion by 2027,爂rowing燼t a CAGR of 2.8% from 2020 to 2027.

Allied Market Research published a report titled, “Europe Mobile Phone Accessories Market by Product Type (Battery, Headphones, Portable Speaker, Chargers, Memory Card, Power Bank, Protective Case, Battery Cases, Screen Guard, Popsockets, and Others),Distribution Channel (Online and Offline), and Price Range (Low, Mid, and Premium):Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the Europe mobile phone accessories industry was estimated at $36.67 billion in 20laoji.org19, and is expected to hit $47.18 billion by 2027, registering a CAGR of 2.8% from 2020 to 2027.

Drivers, restraints, and opportunities-

COVID-19 scenario-

Newer and smarter accessories are currently trending the European market; but the outbreak of the pandemic has brought along severe disruptions in the supply chain which, in turn, has affected the market to a significant extent.

Multi-brand stores make it convenient for consumers to compare mobile accessories in terms of appearance, features and pricing. However, the lockdown and multiple restrictions imposed by several government bodies in the region have stopped people from inclining toward multi-brand stores that offer products from multiple brands at one place. This factor has again impacted the European mobile phone accessories market badly.

The headphones segment to maintain the lion’s share by 2027-

Based on product type, the headphones segment accounted for nearly one-fourth of the Europe mobile phone accessories market revenue in 2019, and is expected to rule the roost by the end of 2027. Penetration and subsequent integration IoT and AI in headphones drive the growth of the segment. Simultaneously, the battery cases segment would grow at the fastest CAGR of 7.6% during the study period.

The offline segment to dominate during the estimated period-

Based on distribution channels, the offline segment contributed to around three-fourths of the Europe mobile phone accessories market share in 2019, and is projected to lead the trail by 2027. Attractive outlets and customer satisfaction influences the offline distribution channels for mobile phone accessories market and this factor fuels the segment growth. The online segment, on the other hand, would register the fastest CAGR of 4.3% throughout the forecast period, owing to adoption of online distribution channels over the years.

Eastern Europe to dominate in terms of revenue-

Based on geography, the Eastern Europe segment held the牋in 2019, generating around one-fourth of the Europe mobile phone accessories market. Increase in usage of smart phone devices in the region propels the market growth. At the same time, Germany would portray the fastest CAGR of 4.7% till 2027.

Frontrunners in the industry-