South America Mobile Accessories Market Outlook, 2029
The South America Mobile Accessories Market is segmented into By Product Type (Headphone/Earphone, Screen guard, Charger, Power Bank, Protective Case, Portable Speaker, others) and By Distribution Channel (Offline and Online).
- Bonafide Research
- 31-03-2024
- Pages : 73
- Figures : 12
- Tables : 15
- Region : South America
- Category : IT & Telecommunications
- IT Products & Services
The South America Mobile Phone Accessories market is to add above USD 7 Billion from 2024 to 2029 due to rising smartphone adoption rates.
- Historical Period2018-2023
- Base Year2023
- Forecast Period2024-2029
- Largest Market Brazil
- Fastest Market Colombia
- Market Difference(2024-2029) USD 7
- Format
Featured Companies
- 1. Samsung Corporation Limited
- 2. Sony Corporation
- 3. Huawei Technologies Co.Ltd
- 4. Apple, Inc
- 5. Xiaomi Corporation
- 6. GN Store Nord A/S
- More...
Mobile Accessories Market Market Analysis
The continent of South America, which is renowned for its dynamic cities and rich cultural legacy, is starting to take center stage in the worldwide market for mobile phone accessories. South America is becoming a hub for producers and sellers of mobile phone accessories due to its expanding population and rising smartphone use rate. The increasing use of smartphones throughout the continent is one of the main reasons propelling the expansion of the mobile phone accessories market in South America. The demand for accessories like cases, chargers, screen protectors, and headphones has significantly increased as more and more South Americans have access to reasonably priced smartphones. Additionally, as social media platforms proliferate and the demand for connectivity grows, customers are spending more money on accessories to enhance their smartphone experience. Brazil, the largest economy in South America, stands out as a particularly lucrative market for mobile phone accessories. With a large and tech-savvy population, Brazil has witnessed a surge in smartphone ownership in recent years. As a result, the demand for accessories has skyrocketed, creating immense opportunities for both local and international players in the market. Additionally, the rapid urbanization and improving standards of living in Brazil have further fueled the demand for premium mobile phone accessories. Online retailing has seen a sharp increase in the South American market for mobile phone accessories in recent years. Customers are increasingly resorting to internet channels to buy smartphone accessories as e-commerce platforms gain popularity. This trend has given consumers more ease and freedom when it comes to shopping for accessories, in addition to broadening the reach of manufacturers and retailers. Furthermore, a trend toward wireless and smart accessories is being seen in the South American market. Products that combine convenience and versatility, including Bluetooth headphones, and wireless chargers, are becoming more and more popular with consumers. The region's market for mobile phone accessories is anticipated to continue expanding as a result of this move toward wireless technology. According to the research report "South America Mobile Phone Accessories Market Outlook, 2029," published by Bonafide Research, the South America Mobile Phone Accessories market is predicted to add more than USD 7 Billion from 2024 to 2029. The use of smartphones has significantly increased throughout South America in recent years. A rise in smartphone ownership in nations like Brazil, Argentina, and Colombia has increased demand for accessories like cases, screen protectors, and power banks. South America's retail environment has changed due to the rise of e-commerce. Retailers and manufacturers are facing more competition as a result of consumers having easier access to a wider selection of mobile phone accessories because of the growth of online shopping platforms. The population of South America is relatively young, with a large share of tech-savvy millennials and Generation Z consumers. With a penchant for fashionable and cutting-edge goods that suit their digital lifestyles, this group is setting trends in the market for mobile phone accessories. The music, sports, and fashion of South America greatly influence the tastes of consumers when it comes to mobile phone accessories. Consumers respond favourably to products that are influenced by regional trends and cultural symbols, underscoring the significance of cultural relevance in product design and marketing. Local manufacture and innovation in the mobile phone accessory industry have increased in South America. Certain nations, such as Argentina and Brazil, have set up accessory manufacturing plants to support indigenous industry and generate jobs. Additionally, regional business owners are fostering innovation by creating distinctive, niche accessories that cater to South American consumer’s demands. In South America, mobile entertainment and gaming are becoming more popular due to the region's expanding access to high-speed internet and reasonably priced smartphones. As more individuals turn to their smartphones for gaming and multimedia consumption, the demand for gaming accessories, such as controllers, headsets, and gaming grips, is on the rise.
Click Here to Download this information in a PDF
What's Inside a Bonafide Research`s industry report?
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleMarket Dynamic
Major Drivers Rising smartphone penetration: The constant rise in smartphone usage throughout the continent is one of the main factors driving the South American mobile phone accessories industry. The number of people owning smartphones has increased significantly in recent years in countries like Brazil, Argentina, and Colombia. This increase has been driven by factors including falling costs for devices, better network infrastructure, and the availability of cost-effective data plans. Mobile phone accessories are in high demand as more customers accept smartphones as indispensable tools for productivity, entertainment, and communication. In order to safeguard and improve the performance of smartphones, accessories like cases, screen protectors, chargers, and power banks have become essential. As a result, producers and merchants in the industry have seen increases in sales and revenue. Urbanization and digitalization: The South American market for mobile phone accessories is expanding due in large part to the region's fast urbanization and digitization. Demand for smartphones and related accessories has increased as more individuals move to cities in quest of better income prospects and living conditions. Urbanites use their cellphones a lot for things like finding their way around the city, getting information, and keeping in touch with friends and family. Due to people's growing reliance on smartphones, there is a growing market for peripherals that support urban lives. Examples of these accessories include fashionable cases, Bluetooth headphones, and portable chargers. In addition, the market for accessories has grown as a result of the increasing accessibility of high-speed internet and the growth of digital services, which have further encouraged smartphone usage. Major Challenges Regulatory compliance and trade barriers: The South American mobile phone accessory market has notable obstacles for firms due to regulatory compliance and trade constraints. The supply chain is made more complex by the possibility that each nation has its own set of laws governing import and export procedures, labeling specifications, and product safety. To successfully navigate these regulatory obstacles, careful planning and adherence to local laws and norms are necessary. Furthermore, trade restrictions like tariffs and import charges can raise the price of importing accessories, which might have an impact on the market's pricing and competitiveness.
Mobile Accessories Market Segmentation
| By Product Type | Headphone/Earphone | |
| Screen guard | ||
| Charger | ||
| Power Bank | ||
| Protective Case | ||
| Portable Speaker | ||
| others | ||
| By Distribution Channel | Offline | |
| Online | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
Based on product segment market is segmented into headphone/earphone, screen guard, charger, power bank, protective case, portable speaker and others. Headphone/ earphone type is expected to grow at significant pace in South America mobile phone accessories market. Based on distribution channel segment market includes offline and online. Online distribution channel is predicted to grow at fastest rate in South America mobile phone accessories market. Smartphone penetration in South America has raised dramatically in recent years, owing to reasons such as lower device costs, improved connections, and expanded mobile network coverage. As more people use smartphones for communication, entertainment, and work, the demand for peripherals such as headphones and earphones is predicted to increase accordingly. There is a clear trend in consumer behavior towards audio content consumption via cellphones. Whether listening to music, podcasts, audiobooks, or watching videos, many customers prefer the convenience of utilizing headphones or earphones for a more immersive and personal audio experience. This trend is projected to drive demand for headphones and earphones in the South American market. Mobile gaming is on the rise in South America, pushed by the rising availability of smartphones with powerful processing capabilities and high-quality graphics. Many mobile games offer immersive sound effects and multiplayer features that require headphones or earphones for an optimal gaming experience. As the mobile gaming market continues to expand, so does the demand for gaming-specific headphones and earphones. South America has witnessed significant growth in internet penetration rates in recent years, driven by factors such as improved infrastructure, declining data costs, and increasing smartphone ownership. As more people gain access to the internet, particularly through mobile devices, the online population expands, creating a larger customer base for e-commerce platforms. E-commerce platforms have experienced exponential growth in South America, offering consumers a convenient and accessible way to shop for a wide range of products, including mobile phone accessories. Major players like MercadoLibre, and Amazon, have established a strong presence in the region, providing consumers with a diverse selection of accessories, competitive pricing, and convenient delivery options.
Click Here to Download this information in a PDF
Mobile Accessories Market Market Regional Insights
Based on report market includes three major countries including Brazil, Argentina and Colombia. Among them Brazil is expected to dominate the South America Mobile Phone Accessories market. In recent years, Brazil has experienced unprecedented urbanization and technological growth. Large cities with high levels of economic activity and technological adoption include São Paulo, Rio de Janeiro, and Brasília. The growing need for convenience and connectivity in urban lifestyles is expected to fuel a surge in demand for mobile phone accessories as urbanization and connectivity extend. Brazil has an extensive retail sector that includes several electronics stores, shopping centers, and internet marketplaces. Customers can choose from a large selection of mobile phone accessories made by both domestic and foreign manufacturers. Major stores and online shopping portals make it easier to distribute and sell accessories throughout the nation, which adds to Brazil's market dominance. Brazil offers potential for mobile phone accessory makers and merchants to offer a wide range of items geared to different demographic segments due to its unique cultural landscape and consumer preferences. A wide range of accessories that satisfy different needs and tastes are in demand, from fashionable cases and headphones to useful chargers and power banks. Mobile phone accessory manufacturing is one of the expanding industries in Brazil's industrial sector. Brazilian customers' wants can be catered for with items made by local businesses through innovation. Furthermore, Brazilian leadership in innovation and technology in the region opens doors for collaboration and cooperation between domestic and foreign companies in the mobile phone accessory industry.
Click Here to Download this information in a PDF
Key Development
Companies Mentioned
- Samsung Corporation Limited
- Sony Corporation
- Huawei Technologies Co.Ltd
- Apple, Inc
- Xiaomi Corporation
- GN Store Nord A/S
- The Hewlett-Packard Company
- Logitech International S.A.
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Mobile Phone Accessories Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product
- 5.4. Market Size and Forecast, By Distribution Channel
- 6. South America Mobile Phone Accessories Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product
- 6.4. Market Size and Forecast, By Distribution Channel
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. Brazil Mobile Phone Accessories Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Product
- 7.8.3. Market Size and Forecast By Distribution Channel
- 7.9. Argentina Mobile Phone Accessories Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product
- 7.9.3. Market Size and Forecast By Distribution Channel
- 7.10. Columbia Mobile Phone Accessories Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product
- 7.10.3. Market Size and Forecast By Distribution Channel
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Xiaomi Corporation
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Apple Inc
- 8.5.3. Huawei Technologies Co., Ltd.
- 8.5.4. Sony Group Corporation
- 8.5.5. GN Store Nord A/S
- 8.5.6. Logitech International S.A.
- 8.5.7. Samsung Electronics Co., Ltd
- 8.5.8. The Hewlett-Packard Company
- 8.5.9. Koninklijke Philips N.V.
- 8.5.10. ASUSTeK Computer Inc
- 8.5.11. Lenovo Group Limited
- 8.5.12. Panasonic Holdings Corporation
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Mobile Phone Accessories Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 6: Global Mobile Phone Accessories Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 7: South America Mobile Phone Accessories Market Size and Forecast, By Product (2018 to 2029F) (In USD Billion)
Table 8: South America Mobile Phone Accessories Market Size and Forecast, By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 9: Influencing Factors for Mobile Phone Accessories Market, 2023
Table 10: Brazil Mobile Phone Accessories Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 11: Brazil Mobile Phone Accessories Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 12: Argentina Mobile Phone Accessories Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 13: Argentina Mobile Phone Accessories Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Table 14: Colombia Mobile Phone Accessories Market Size and Forecast By Product (2018 to 2029F) (In USD Billion)
Table 15: Colombia Mobile Phone Accessories Market Size and Forecast By Distribution Channel (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Mobile Phone Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Mobile Phone Accessories Market Share By Region (2023)
Figure 6: South America Mobile Phone Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: South America Mobile Phone Accessories Market Share By Country (2023)
Figure 8: Brazil Mobile Phone Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Argentina Mobile Phone Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Columbia Mobile Phone Accessories Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Mobile Phone Accessories Market
Mobile Accessories Market Market Research FAQs
Related Reports
Allows one individual to access the purchased report Read More
Allows up to five individuals to access the purchased report Read More
Allows all employees of an organization to access the purchased report. Internal sharing only Read More
Allows all employees of an organization to access the purchased report. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral Read More
Safe and Secure SSL Encrypted
Quick Contacts
Want to customize this report?
We offer 100% Free Customization at the time of purchase
Get Free Customization
Trusted Partners
Budget constraints? Get in touch with us for special pricing
Request DiscountOrder Detail
- Order Placed (16 May, 2024)
- Notify To Team (16 May, 2024)
- Report updation (17 May, 2024)
- Report Quality Check (17 May, 2024)
- Report Dispatch (18 May, 2024)
- Hard Copy
Recently Viewed Products
South America Mobile Accessories Market Outlook, 2029
We are friendly and approachable, give us a call.