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Growth Of Mobile Accessories Market

Mobile accessories are as important as a smartphones in our lives. Many people finds it difficult to active without a mobile phones and its set of accessories. Either it will be a power banks, smart watches or an earphone, these all are must have accessories in today’s time, thus creating a market which arises by leaps and bounds every year. A recent study has been reveal the fact that the sales of mobile accessories is proportional to the sale of mobile phones.

There are certain factors which raises the growth of the mobile phones are -
→ Rapid Urbanisation
 The population in cities increases considerably. And mobile phones becoming essential part of city, as number of people are investing on the smartphones and mobile accessories.

→ Fall in prices of Mobile phone
The the enhancement of the market, their competitors are also increases rapidly. Thus the competition in between mobile phones companies has decreases the price vividly. Thus smartphones are now in the reach of every common user.

→ e-commerce Shopping websites
The invasion of e-commerce website plays a vital role in the growth of mobile phones in Indian market. Simultaneously they keep eye on the mobile accessories which ultimately lead the demand for these accessories.

Factors which affect the demand for the Mobile accessories are - 




→ Wireless accessories
With the changing trend, the choice of the user has also changed. Their object has shifted to luxurious and comfortable lifestyle. They fulfil the need of users and ensure that they will not invest their effort and time to untangle the wires.

→ Unbalanced electricity and Power supply
In today’s time mobile phones have shorter battery life other than older models. Due to the irregularity in power supply especially in smaller towns, the users are opting a power banks.

→ Social Trends
With the increase in Internet usage and social media platforms, the demand for mobile accessories also raises. The online hubs provided the products at competitive prices and thus these are most preferable channels ti purchase the mobile accessories.

→ Technical Advancements
With the use of latest technology, the users are more inclined towards high tech smartphones accessories like a Bluetooth device, wireless headphone etc.

→ Strong Distribution Network
Mobile accessories are also available in online stores with huge range of colourful, trendy and unique products for different models. The mobile companies are manufacturing have a huge and strong network for promoting and selling their products

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