Mobile Phone Holder Market Share, Industry Analysis [2031]

Report Description

Market Outlook:

The Global Mobile Phone Holder Market was valued at USD 2,459.3 Million in 2022 and is projected to reach USD 4,640.3 Million by 2031, expanding at a CAGR of 7.5% during the forecast period.

A mobile phone holder serves many functions other than just holding a phone. Remote work and business travel activities are carried out while using mobile holders without compromising work quality. Users use this gadget to shoot high-quality videos and photos for sharing on social media or sending to relatives and friends. A typical person spends 3 hours and 15 minutes every day on the phone, while millennials and Gen Z spend more time. Mobile phone stands hold the phone in place, reducing the urge to continuously check notifications or navigate through social media feeds. This helps people be mindful of their screen time and limit it to necessary or enjoyable activities.

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The average weight of a mobile phone is around 140 grams to 170 grams; however, it increases to as much as 200 grams. Holding a phone for a long time while watching a video is exhausting, which makes a mobile mount or a mobile stand essential. Mobile phone holders make it convenient to use the phone for hands-free calls or video chats, which offers a break from staring at the screen and promotes social interaction. Furthermore, it provides comfort to the arms and neck of the users. According to the National Safety Council, using mobile phones while driving causes 1.6 million crashes each year. A mobile phone holder provides safety while driving, as it promotes hands-free usage of phones and helps drivers focus on the roads. A mobile stand keeps users organized and keeps their hands free for other necessary tasks. Mobile phone holders help keep the devices safe and clean while keeping the users comfortable and productive.

Macro-Economic Factors

Technological Advancement

Consumer requirements and preferences are impacted by technological advancements, which have a significant impact on the mobile phone holder market. The demand for appropriate accessories, including holders, evolves as mobile phone designs change. The inclusion of advanced functions including wireless charging, big screens, and improved cameras increases the need for mobile phone holders. Customers look for holders with adjustable angles to watch films or engage in video chats. Similarly, the availability of wireless charging capabilities increases the demand for holders that include built-in wireless charging pads, which offer convenience and usefulness. Additionally, the launch of novel phone designs encourages users to choose holders that complement the style and design of their devices. This encourages manufacturers to create phone holder models that meet current aesthetic trends. For instance, in 2021, NUMBER ZERO launched the world’s first 5-in-1 magnetic car phone holder. This innovative phone holder works as décor, diffuser, animated toy, and tabletop phone stand.

Trade Policies & Tariffs

Trade policies and tariffs have considerable factors influencing the mobile phone holder market, as they impact the supply chain, production costs, and consumer pricing. Changes in trade agreements and tariffs disrupt the availability of raw materials for mobile phones and accessories and increase import costs. For instance, the Trump Administration imposed tariffs on a wide range of China-made goods in 2018, including mobile phone accessories. The uncertainty brought about by trade tensions, such as those between the US and China, created a challenging environment for international trade. Brexit introducing new regulations for the transportation of goods between the UK and the EU, which affected the logistics and compliance efforts of the mobile phone industry is an example of evolving trade policies. Keeping in a row of trade developments is crucial for brands to navigate potential disruptions and ensure a stable supply chain.

Market Dynamics

Market Driver- Rapid Adoption of Smartphones

Smartphone usage has expanded significantly across the globe, due to rising disposable income, the rise of budget-friendly mobile phones, the improvement of telecom infrastructure, and an increasing number of product launches. According to Ericsson, the total number of smartphone subscriptions globally has surpassed six billion and is anticipated to rise substantially in the coming years. The total number of smartphone users across the globe is currently approximately 6.92 billion, representing 85.9% of the global population. The adoption of applications and services smartphones offer also increases with the increasing use of smartphones. Mobile phone holders enable the users to use these features while keeping their devices within sight and reach without holding them, enhancing convenience and safety. It offers a secure, accessible, and user-friendly way to integrate smartphones into various aspects of daily life, including driving, working, and entertainment, which is driving the market.

Market Driver- Rising Safety Concerns

According to the WHO estimates, nearly 1.3 million people are killed in road traffic accidents every year. Mobile phone holders facilitate in reducing car accidents and allow making or answering phone calls, listening to songs, and navigating while driving. They provide an easy and safe way to receive turn-by-turn directions to reduce the danger of car accidents. Consumers are becoming increasingly careful and aware of safety precautions; and therefore, they take all precautions to ensure a safe and smooth drive. These holders can be easily attached to the car’s dashboard, windshield, headrest, or AC vents. As a majority of smartphones include voice recognition, they can be effortlessly attached to the car phone holder and can be used to find their destinations, routes, or directions in a hassle-free manner. Thus, increasing concerns for safety and security are propelling the demand for car phone holders.

Market Restraint- Availability of Affordable Counterfeit Products

The availability of low-cost counterfeit items limits the sales of mobile phone holders. The global increase in demand for portable devices and accessories led to a parallel offline and online market for counterfeit products, including fakes, stolen, and illegally imported products. For instance, according to the China-based consumer electronics firm Xiaomi, it seized over 9,000 counterfeit products, worth USD 93,896 in the first half of 2022 alone, whereas only 3,000 products worth USD 44,938 were seized in 2020. Pop-up holders, ring holders, and ring stand cases have become popular alternatives to standard mobile phone holders, due to their cheap prices, ease, and practicality. Consumers choose these accessories over standard mobile phone holders, which limit the expansion of the mobile phone holder industry. Many offline merchants intentionally stock and sell counterfeit items to appeal to clients searching for low-cost products, impeding the expansion of the mobile phone holder market.

Market Opportunity- Growth in Ride-sharing Services

Drivers rely on navigation apps to reach their destinations efficiently, with the rise in ride-sharing services. A sturdy and adjustable mobile phone holder can allow the driver to easily view their navigating apps, enhancing the overall experience by minimizing the need to look down at their phones while driving. This leads to an increased demand for sturdy, durable, and easily accessible mobile holders. Moreover, ride-sharing drivers often interact with their smartphones for various purposes, such as accepting rides, checking notifications, and interacting with passengers. A well-designed mobile holder can offer convenience by keeping the phones within easy reach, allowing drivers to manage tasks without taking their hands off the steering wheel or handles. Thus, growing ride-sharing services are expected to create lucrative opportunities in the market during the forecast period.

Scope of the Report

The report on the global Mobile Phone Holder Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Segmental Outlook

The global mobile phone holder market is segmented on the basis of type, application, distribution channel, mounting type, and region.

In terms of Type, the Mobile Phone Holder Market is segmented into Automotive Mobile Phone Holder, Home Mobile Phone Holder, Rechargeable Mobile Phone Holder, Adjustable Mobile Phone Holder, and Others. The automotive mobile phone holder segment is expected to dominate the market in 2022, owing to the rising demand for smartphones in automobiles, as they provide various features such as navigation, music, calls, and entertainment. Furthermore, shifting trends toward automatic holders that have a sensor or button to automatically adjust the holder’s size or angle to fit the phone is boosting the segment. These holders aid in mounting and removing the phone easily and rapidly.

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On the basis of application, the mobile phone holder market is segmented into household, commercial, outdoor activities, and sports. The commercial segment is expected to hold a substantial share of the market. The growth of this segment is attributed to the increasing adoption of these devices by drivers for navigation, control car entertainment systems, and communication purposes.

Based on the distribution channel, the global mobile phone holder market is bifurcated into online and offline. The online segment is expected to expand at a significant CAGR due to the rising trend of online purchases and a convenient method for customers to buy products.

Based on mounting type, the mobile phone holder market is segmented into magnetic, suction, clamp, adhesive, and others. The magnetic segment held a significant share of the market in 2022 owing to its increasing popularity as a convenient option for holding a phone.

Regional Outlook

Based on regions, the Mobile Phone Holder Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is growing at a rapid pace during the forecast period, owing to the increasing emphasis on the well-being of humPhone holder manufacturers are incorporating features that promote ergonomic usage and minimize health risks.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the global Mobile Phone Holder Market

• Historical, Current, and Projected Market Size in terms of Value and Volume

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Mobile Phone Holder Market