Global Car Phone Holders Market: Growing sales of smartphones and Launch of Innovative Products are expected to augment the market at a healthy CAGR of 5.92% during the forecast period of 2020 to 2027.

Research Reports

Jan 24, 2023

Car Phone Holders Market Research Future Insights:

According to MRFR analysis, the global Car Phone Holders Market is expected to register a CAGR of 5.92% from 2020 to 2027 and hold a value of over USD 1,241.91 Billion by 2027.

Smartphones being a multifunctional device, offers a pool of features such as navigation or speakerphone while driving. Car phone holders or mounts is a car accessory that aids in making a smartphone hands-free. A car phone holder is designed to hold the device in an optimum place for safe viewing of the phone screen while driving. Car phone holders are frequently close to the air conditioning vent or have a rubber suction pad for assigning to the windscreen and dashboard. Unceasing technological advancements and R&D by market players have given increase to the modern version of car phone holders. Modern car phone holders have features such as magnet rising and phone charging facilities. The impact of COVID-19 has straight affected the supply and sales of different products across industries. Many countries are under lockdown and have sealed their borders to control the spread of the disease. The impact of COVID-19 on logistics has disturbed the supply of raw materials, which has further resulted in reduced production capacity and, hence, product shortages. These factors are projected to cause a price increase in car phone holders in the short run. Additionally, limited traffic movements have further lowered the need for car phone holders worldwide and are anticipated to stabilize with government restrictions’ gradual relaxation during the forecast period.

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Regional Analysis

North America dominated the global car phone holders market. due to the huge popularity of car phone holders as equipment and a strong distribution network. Mounting sales of smartphones, high product awareness, and high spending capacity of consumers are expected to increase the regional market during the forecast period.

Asia-Pacific is a novel revenue pocket for the car phone holders market. The increasing spending power of the population in China, India, and South-East Asian countries has created an opportunistic market for the existing players. The increasing per capita disposable income, the increasing use of smartphones among the youth, and the launch of innovative products by market players are driving the growth of the market in the region

Car Phone Holders Market sa

Market Segmentation

The Global Car Phone Holders Market has been segmented into Product type, Mounting Type, and Category

Based on Product Type, The Global Car Phone Holders Market has been segmented into Magnetic, Cradle/Spring. This segment accounted for the largest market share and is projected to exhibit a moderate CAGR during the estimate period. Cradle or spring car phone holders are more tough than its counterpart, suitable for wide and heavy smartphones, and consumers regularly changing their phones.

By Mounting Type, The Global Car Phone Holders Market has been segmented into Sticky Pad, Car Air Vent Clip, Suction Pad, and others.The Suction Pad segment accounted for the largest market share and is expected to register a moderate pace during the forecast period due to convenient installation on the plane surface inside the car. The wide accessibility of suction pad phone holders has majorly fueled segmental sales across the world.

By Category, The Global Car Phone Holders Market has been segmented into Wireless Charging, and Regular. The Wirelss charging segment is expected to register the highest growth rate during the forecast period. Wireless charging phone holders are convenient to usage as it charges the phone as soon as the mobile phone comes in contact with the holder and eliminates the frequent usage of cable to charge the phone. These holders are motorized through a cable that plugs into the car’s cigarette lighter or USB port.

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Key Players

Some of the key market players are iOttie Inc. (US), MPOW Innovations Limited (US), Humixxus (China), WizGear (US), Kenu (US), Mirakase International Limited (Hong Kong), Scosche Industries Inc. (US),  and TechMatte Inc. (US)

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