North America Will Lead the Apple Accessories Market Through 2020

News provided by

Apr 04, 2017, 10:00 ET

VALLEY COTTAGE, New York, April 4, 2017 /PRNewswire/ --

According to Future Market Insights, the global Apple accessories market is expected to grow at 4.6% CAGR over the forecast period, 2016-2020. Demand is expected to remain strong in China, where rapid adoption of smartphones, combined with an increasing preference towards the 'Apple' brand is pushing sales. The market in China is expected to grow at 8.5% CAGR through the forecast period. Globally, the demand for Apple accessories is expected to be positively influenced by the growing BYOD trend.

(Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Weak distribution channels in emerging markets have remained a longstanding challenge for manufacturers. However, popularity of e-commerce and focus on creating alternative distribution channels have positively impacted Apple accessories sales in emerging markets. The steady growth in these markets is expected to offset weak demand in developed markets of the U.S. and Europe.

Request a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-gb-3374

Apple accessories sales in Asia will be driven by rising popularity of e-commerce websites and apps. As is the case in Asia, steady e-commerce sales are driving Apple accessories sales in Brazil and Russia. These factors will contribute to the overall growth of the global market.

Future Market Insights identifies that undefined standards in terms of components and technology have led to price and product differentiation. Moreover, widespread availability of counterfeit and pirated products offered at a fraction of the original price in various developing countries can significantly inhibit demand for Apple accessories.

Preview Analysis on Global Apple Accessories Market Segmentation By Product Type - Beats Audio, Watch Accessories, Iphone Cases, App-Enabled Accessories, Audio Accessories, Ipad Cases, Power & Cable, Iphone Screen Guard, Ipad Screen Guard and Others: http://www.futuremarketinsights.com/reports/apple-accessories-market

The Future Market Insights report reveals that iPhone screen guards will continue to be the most-sought after accessory among consumers. iPad cases and iPad screen guards are expected to remain the other lucrative product types. Collectively, these three product segments accounted for over 50% revenue share of the global market in 2016, and the status quo will remain unchanged throughout the forecast period. Among these product types, iPad cases segment will only witness an increase in its revenue share by 2020.

North America will continue to be the most lucrative market, with the US leading total sales. The North America Apple accessories market was valued at US$ 1.93 Bn in 2016, with the US accounting for US$ 1.38 Bn in revenues. Future Market Insights projects the North America market revenues to increase at a CAGR of 4% CAGR through 2020. The report further reveals that the Apple accessories market in Europe is predicted to register a CAGR of 4.0% in the span of next four years. However, the Apple accessories market in South East Asia is expected to witness relatively sluggish growth by the end of 2020.

Speak with Analyst for Any Report Related Queries: http://www.futuremarketinsights.com/askus/rep-gb-3374

3M, Bose Corporation, Western Digital Corporation (SanDisk), Logitech, Otter Products, LLC., Decoded, Adobe, Bang & Olufsen, Incase and ACCO (Kensington Computer Products Group) are the key manufacturers operating in the Apple accessories market globally.

More from FMI's Cutting-edge Intelligence:

CMOS Power Amplifier Market Segmentation By Module - GSM/EDGE, UMTS, LTE, CDMA 2000, TD-SCDMA, FOMA/Others; By Application - Smartphone, Feature Phone, Connected Tablet: http://www.futuremarketinsights.com/reports/cmos-power-amplifiers-market
Social Business Intelligence Market Segmentation By Deployment Type - On-Premise, Cloud-Based; By Size Of Enterprise - Small Enterprise, Medium Enterprise and Large Enterprise; By Vertical - BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Travel & Tourism, IT & Telecommunication, Media & Entertainment, Government and Others: http://www.futuremarketinsights.com/reports/social-business-intelligence-market
Tablet Market Segmentation By Product Type - Detachable, and Slate Tablet; By Operating System - Android, iOS, Windows; By Screen Size - Below 8 inch, 8 inch and above; By End-Use - Consumer, and Commercial: http://www.futuremarketinsights.com/reports/tablet-market

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Electronics, Semiconductors, and ICT Market Insights

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: [email protected]
Press Office: [email protected]