In 2023, the car phone holder market is anticipated to expand to a valuation of US$ 1.05 billion. It is projected to exhibit a compound annual growth rate (CAGR) of 5.7% from 2023 to 2033, reaching US$ 2.04 billion in 2033.
- Car phone holders are the most convenient and easy-to-use option for securely holding phones in cars, allowing users to attend calls, check emails, access Google Maps, and perform various tasks hands-free.
- These holders come in premium and multi-utility designs, offering versatility in functionality.
- They can be mounted near the dashboard, providing easy access to the phone for GPS navigation and hands-free calling.
- The increasing need for secure phone placement while driving has driven the demand for car phone holders in recent years.
- Mobile phone usage while driving contributes to a significant portion of car accidents, with studies showing a 66 percent higher fatal crash risk when manipulating a phone.
- Car phone holders play a crucial role in reducing such risks and enhancing driver and vehicle safety.
- They offer a wide range of applications, including securely controlling the car’s entertainment system and providing wireless charging capabilities.
Get Recently Updated Report of Market as Sample Copy! https://www.futuremarketinsights.com/reports/sample/rep-gb-12050
Car Phone Holder Market: Drivers and Restraints
The global car phone holder market is expected to witness significant growth during the forecast period, which can be attributed to the increasing adoption of different types of car phone holder such as air vented mount, CD slot mount, suction cup mount and adhesive mount and growing demand for versatile and flexible car phone holder worldwide.
The car phone holder offers various benefits such as attend calls easily, music access, play movies, and a secure and safe journey during navigation. The growing demand for GPS for navigation to help the car taxi drivers need to keep track of their journey is expected to create a huge opportunity for the global car phone holder market.
Growing adoption wireless devices such as wireless car charger mount among others due to advancements in wireless technology are also driving the car phone holder market.
However, as the vent-mounted models with magnetic attachments was slightly less reliable, lack of standardization in the technology and components used for the manufacturing of car phone holder, which could pose a bigger challenge.
Piracy is a major threat to car phone holder markets, and a restricted development environment, among other factors, are anticipated to restrict the growth of the car phone holder market over the forecast period.
Request the Full Report Methodology Now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12050
Car Phone Holder Market: Competition Landscape
- Arkon Resources, Inc.
- Baseus
- Brodit AB
- iOttie, Inc.
- Kenu
- Olixar
Car Phone Holder Market: Regional overview
Based on the region, car phone holder market has been segmented into North America, Europe, East Asia Latin America, South Asia & Pacific, and MEA (the Middle East & Africa).
North America & East Asia followed by Europe accounted for largest market share as many car phone holder manufacturer are present in these regions due to advancement in technology and high business growth rate in this region.
South Asia & Pacific is expected to grow at highest growth rate during the forecast period due to increasing disposable income and growing global population.
The car phone holder market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with car phone holder market attractiveness as per segment. The car phone holder market report also maps the qualitative impact of various market factors on car phone holder market segments and geographies.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, Italy, U.K, Spain, France, BENELUX, & Russia)
- East Asia (China, Japan, & South Korea)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, Turkey, South Africa)
Gain Immediate Access to Detailed Market Insights: https://www.futuremarketinsights.com/checkout/12050
Key Segmentations
The car phone holder market has been segmented on the basis of sales channel, type, and region.
On the Basis of Sales Channel
- Online Sales
- Offline Sales
On the Basis of Type
- Air Vented Mount
- CD Slot Mount
- Suction Cup Mount
- Adhesive Mount
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube