European Mobile Protective Cases Market is anticipated to grow at a CAGR of 4.3% from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “European Mobile Protective Cases Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the European mobile protective cases market was valued US$ 6,084.08 Mn in 2018. It is anticipated to grow at a CAGR of 4.3% from 2019 to 2030.
The growth of European mobile protective cases market can be attributed to factors such as increasing adoption of mobile phones in European countries, and rising user concerns to protect expensive mobile phones. Moreover, in Europe, the penetration of smartphone is around 85% of the total population, a factor that is expected to catapult the European mobile protective cases market further in the coming years. Furthermore, availability of broad range of products especially, phone skins in terms of variety & cost have contributed immensely to the growth of the European mobile protective cases market.
The purchasing power of European countries is higher as compared to other parts of the globe. In Europe, high purchasing power, results in greater adoption of premium smartphones among users, which further contributes significantly to the rising expenditure on mobile protective cases to protect the same. Moreover, mobile phone manufacturers have increased the application of metal and glass to manufacture mobile phones, which ultimately makes such devices more fragile. Growing user concerns to protect mobile phones and avoid high repairing costs, have also contributed in propelling the growth of mobile phone protective cases in European market.
Browse key industry insights spread across 230 pages with market data tables & figures & charts from the report, European Mobile Protective Cases Market is anticipated to grow at a CAGR of 4.3% from 2019 to 2030. in detail along with the table of contents:https://www.marketindustryreports.com/european-mobile-protective-cases-market/111
The evolution of smartphone industry over the last decade, has led smartphone manufacturers to offer innovative products with advanced technologies namely, fingerprint technologies, HD screens and others. These factors have contributed extensively to increase sales of smartphone globally. In 2018, the global mobile phone market reached US$ 522 billion and is anticipated to further grow in the coming years. Europe has the highest adoption rate of mobile phones across the globe and is likely to increase further during the forecast period. Large mobile phone user base in the European region is anticipated to lead the rising demand for mobile phone protective cases to millennial in years to come.
Iberia is located in the southwest corner of Europe; the region consists of Spain & Portugal. These countries have large smartphone customer base with high adoption rate for smartphones. The growing adoption rate of smartphones can be attributed to growth in internet connectivity, increasing number of online users and economic progression. Spain has approximately 73% smartphone users of its total population whereas Portugal, has around 60% smartphone users of the country’s total population. Due to continuously increasing penetration of smartphones and rising internet users in the Iberia region, demand for mobile protective cases is expected to rise concomitantly during the forecast period.
The prominent distributors present in the European mobile phone protective cases market are INTEPAS Deutschland GmbH, , Duna Electronics, s.r.o., MMD Distribution, ALTYOR Group, QuickMobile, Frequency 3G Telecom Ltd., PJA Distribution, Bullboat, Fonexion Spain S.A. among others.
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