An Incisive, In-depth Analysis on the Electronics Accessories Market
This study offers a comprehensive, 360 degree analysis on the Electronics Accessories market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Electronics Accessories market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Consumer electronic products are witnessing increased adoption among consumers across the globe. This is majorly attributed to the increasing consumer awareness related to electronic products, globally. Rise in demand for products, such as smartphones, tablets and other connected devices, in turn is expected to drive demand for compatible accessories over the next five to six years.
Market Value and Volume Forecast
In terms of value, the Middle East electronics accessories market is anticipated to expand at a CAGR of 5.4% during the forecast period. In terms of volume, the Middle East electronics accessories market is expected to record a CAGR of 6.5% during the forecast period.
Growth of the Middle East electronics accessories market is mainly driven by proliferation of connected devices, rising disposable income, which is leading to change in consumer buying patterns, and growing Internet penetration, which in turn is resulting in rising consumer preference for online retail. However, lack of dominance of Chinese players, economic instability in certain Levant countries and lack of standardisation are some of the factors restraining the market growth in these regions.
Rising number of affluent consumers and growing applications of automotive infotainment accessories are key opportunity areas for players operating in the Middle East electronics accessories market. Inequality in terms of per capita income in the Middle East poses both a challenge as well as opportunity for the electronic accessories manufacturers in the region. Meanwhile, rate of adoption of electronic accessories in the Middle East regions is low as compared to other regions. However, market for high-end electronic devices and accessories is gaining traction in countries such as UAE and KSA.
Segmentation by Price Range
The Middle East electronics accessories market is segmented on the basis of price range into premium, medium and low. Out of these segments, in terms of value, the premium segment has been estimated to account for over 60% share of the Middle East electronics accessories market by 2015 end, and is expected to remain the most dominant segment in the market during the forecast period. This is attributed to the increasing preference for premium priced products among consumers in the GCC region.
As the name suggests, the Middle East electronics accessories market has been segmented into GCC and Levant regions. The GCC region includes Kingdom of Saudi Arabia (KSA), United Arab Emirates, Oman, Qatar, Kuwait and Bahrain. The Levant region includes Cyprus, Egypt, Turkey, Israel, Jordan and Rest of Levant countries, which comprises Syria, Palestine and Iraq.
In terms of market value, of all the countries, KSA market is expected to dominate the GCC electronics accessories market throughout the forecast period.
Some of the key players identified in the Middle East electronics accessories market include Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Panasonic Corporation, Clarion Co., Ltd., Pioneer Corporation, LG Electronics Inc., Logitech international S.A., Astrum Holdings Limited and Intex Technologies India Ltd.
Future Market Insights offers a 10-year forecast of the Middle East electronics accessories market between 2015 and 2025. In terms of value, the market is expected to register a CAGR of 5.4% during the projected period. This study demonstrates the market dynamics and trends in all the countries, which are expected to influence the current nature and future status of the electronics accessories market over the forecast period.
This Future Market Insights report examines the ‘Electronics Accessories Market’ for the period 2015–2025. The primary objective of the report is to offer insights on the advancements in the electronics accessories market. Currently, the GCC and certain Levant countries are witnessing technological advancements across their value chain. Development of new computing, social networking and mobility solutions is anticipated to drive growth of the market in these regions. This has led to rise in consumer inclination towards connected mobile devices, such as tablets and smartphones, in these regions. Also, increasing adoption of mobile devices amongst the youth in the GCC region is providing a significant stimulus for growth of the electronic accessories market in the region.
The electronics accessories market report starts with an overview of the electronics accessories market in terms of both value and volume. In addition, this section includes FMI’s analyses of the key trends, drivers and restraints, which are influencing the electronics accessories market currently. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in the electronics accessories market report to better equip and arm clients with crystal clear decision-making insights.
The Middle East electronics accessories market is segmented on the basis of product type, end use, distribution channel, price range and region. On the basis of product type, the market is segmented into mobile phone accessories, computer accessories and automotive infotainment accessories. A detailed analysis of every segment has been conducted in terms of market size and volume analysis across the Middle East regions, respectively. All these segments are included in this section to make the study more comprehensive. The sections include detailed analysis covering key trends, absolute dollar opportunity and BPS Analysis.
The next section of the report highlights adoption of electronics accessories by Middle East. It provides a market outlook for 2015-2025 and sets the forecast within the context of the electronics accessories ecosystem, including the new technological developments as well as product offerings in the electronics accessories market. This study discusses the key country trends contributing to the growth of the electronics accessories market across the aforementioned regions, as well as analyses the degree at which the drivers are influencing this market in each country. Key countries assessed in this report include Kingdom of Saudi Arabia, UAE, Oman, Qatar, Kuwait and Bahrain, Cyprus, Egypt, Turkey, Israel, Jordan and rest of Levant countries, which include Syria, Palestine and Iraq.
All the above sections evaluate the present scenario and the growth prospects of the electronics accessories market for the period 2015-2025. We have considered 2014 as the base year and provide data for the trailing 12 months.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-On-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the electronics accessories market.
Another key feature of this report is the analysis of all key segments in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the electronics accessories market. Besides, in this report, Future Market Insights has also developed the electronics accessories Market Attractiveness Index, which helps providers identify real market opportunities.
In the final section of the report, the electronics accessories market competitive landscape is included to provide report audiences with a dashboard view of the market, based on the categories of providers in the value chain of the market, their presence in electronics accessories product portfolio and key differentiators in the market. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the electronics accessories value chain and the potential players in the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the electronics accessories marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the electronics accessories market space. Key players covered in the report are Samsung Electronics Co. Ltd., Sony Corporation, Toshiba Corporation, Panasonic Corporation, Clarion Co., Ltd., Pioneer Corporation, LG Electronics Inc., Logitech international S.A., Astrum Holdings Limited and Intex Technologies India Ltd.
Key Segments Covered
By Product Type
Mobile Phone Accessories
Headphone and Earbud
- Power Adapter
- Others (Keyboard, Mouse and Microphone)
Automotive infotainment Accessories
- Dash Stereos
- Wires and Cables
By End Use
By Distribution Channel
- Multi-brand Store
- Single-brand Store
By Price Range
- Mobile Phone Accessories
Key Regions/Countries Covered
- Rest of Levant Countries (Syria, Palestine and Iraq))
- GCC countries
- Samsung Electronics Co. Ltd.
- Sony Corporation
- Toshiba Corporation
- Panasonic Corporation
- Clarion Co., Ltd.
- Pioneer Corporation
- LG Electronics Inc.
- Logitech international S.A.
- Astrum Holdings Limited
- Intex Technologies India Ltd.
Electronics Accessories Market Reports - Table of Contents
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used