Asia Pacific Mobile Phone Cases Market is anticipated

New York City, May 30, 2022 (GLOBE NEWSWIRE) measure. Persistence Market Research recently published its forecast report on the mobile phone case protection market in Asia-Pacificunderstandings of which the market is projected to gain US $ 17,680.9 Mn in revenue by the end of 2026. The market, which is currently estimated at closed at US $ 10,000 Mn, is projected to exhibit a steady CAGR of 5.9%.

In the report, entitled “Mobile Phone Cases Protection Market: Analysis and Forecast of Asia-Pacific Industry, 2016-2026”, the demand for mobile phone protection cases is cited to grow at the expense of strengthening distribution network across the Asia-Pacific region. While a growing population and proliferation of smartphones offer the necessary acceleration for the growth of market, absence of standardization is expected to limit the development of high-end mobile phone protection cases.

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World leaders in mobile phone manufacturing such as Apple Inc. and Samsung Electronics Co., Ltd. are profiled in the report as major market players. The report also looks at Reiko Wireless Inc., Pelican Products Inc., Incipio, LLC, Moshi, Otter Products, LLC, Belkin International Inc., Griffin Technology, Inc., and CG Mobile Ltd. as key manufacturers of mobile phone protection cases in the Asia-Pacific region.

According to the report, more than half of the regions’ revenues from mobile phone protection cases will be calculated by China alone. In 2016, China’s direct dominance in the Asia-Pacific mobile phone protection market helped it reach a value of more than 4 billion US dollars. India is also expected to join China at the forefront of market value contribution over the forecast period.

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Currently, a majority of cell phone protection cases sold across the region are projected to be available at a low price. By the end of 2026, the demand for mobile phone protection cases at a high and mid-range price range will gain traction, occupying more than 60% share in terms of revenue.

Likewise, the report also predicts that in 2017, multi-brand stores will be the largest distributors of mobile phone protection cases in Asia-Pacific. However, the dominance of multi-brand stores as well as single-brand stores will experience a marginal decline towards the end of a forecast period. This decline is projected to be offset by rising eminence of internet distribution channels.

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