What is Car Phone Holder Market?
The car phone holder is the most convenient & easiest-to-use alternative for holding the phone in a car. The premium and multi-utility car phone holder used to attend calls, check mails, access Google maps, and perform various tasks without holding the phone in hands. These days, most of the car accidents are caused by mobile phone usage while driving. Car phone holders can be also used to hold the smartphone in place near the dashboard, for making it simple to use for GPS navigation system or maintain hands-free calling. The need for a secure & safe phone while driving on the road has boosted the demand for a car phone holder for the past few years. Car phone holder gives a wide range of applications with installing and using car phone mounts to permit safely and securely control the car’s entertainment system, and provide wireless car charger.
The market study is being classified by Type (Magnetic and Cradle/Spring) and major geographies with country level break-up.
Shenzhen DIVI Technology Co., Ltd (Ainope) (China), Belkin International, Inc. (United States), iOttie, Inc. (United States), Kenu (United States), Mirakase International Limited (Hong Kong), Scosche Industries, Inc. (United States), MPOW Innovations Limited (United States) and Humixxus (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are WizGear (United States) and TechMatte Inc. (United States).
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition and changing of consumer spending patterns and need pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Car Phone Holder market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Car Phone Holder market by Type, Application and Region.
On the basis of geography, the market of Car Phone Holder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Spending Capacity
- Growing Sales of Smartphones
- User Friendly
- Launch of Innovative Products
- Effective Marketing Strategies
Market Trend
- Key Manufacturers are Continuously Introducing Several Designs
Restraints
- Availability of Different Substitute
Opportunities
- Untapped Market of Developing Market
- Increasing Population in Developing Nations
Challenges
- High cost of Branded Car Phone Holder
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Car Phone Holder Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries