Car Phone Holder Industry Overview
The car phone holder market size was valued at USD 1.03 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.
As smartphones have become a crucial part of human lives, it’s important to integrate them in the best possible way. There are strict laws governing the use of mobile phones in cars, which is driving the growth of the market. During the COVID-19 pandemic, the automotive and mobility industries have certainly been among the hardest hit. Car sales were slashed where manufacturers and dealers reported low revenue generation. They also cited that automobile sales were running out of steam as urban income and employment wilted under the pandemic. Ashok Leyland, an Indian multinational automobile manufacturer, registered a decline of 90% in domestic sales, at 1,277 units amid COVID-19.
Gather more insights about the market drivers, restrains and growth of the Global Car Phone Holder Market
Car phone holders are primarily designed to hold the device in an optimum position, offering safe viewing while driving. In other words, they are a type of car accessory that prop up mobile devices. Most of them are attached to the air conditioner vent or come with a rubber suction pad for attaching to the windscreen. They securely hold onto the vent slats of cars, are easy to set up or remove, and have a strong magnetic mount. Increasing requirements for convenience and a greater array of budget, as well as safety and security purposes, have been propelling the demand for car phone holders. It offers a simple and safe way to get turn-by-turn directions and use a voice assistant, to diminish the risk of car crashes.
According to the World Health Organization (WHO) estimates, approximately 1.3 million people die every year as a result of road traffic accidents. Car phone holders not only help prevent road crashes but offer other benefits of making or answering phone calls, listening to music, and road navigation, among others. Since the majority of smartphones feature voice recognition, they can be effortlessly attached to the car phone holder with which one can find their destinations, routes, or directions in a hassle-free manner. Low-interest rates and low cost of gas are directly boosting the number of cars on roads. While some customers are buying new cars for the first time, others are upgrading theirs.
The market for car phone holders is expected to witness significant growth in the near future, due to the rising demand for customization of vehicles. Furthermore, a surge in the demand for passenger cars on account of rising disposable income and improved lifestyle coupled with an increase in awareness regarding one's own safety fuels the growth of the market. Moreover, the inclination of consumers towards an enhanced experience of the overall drive is projected to boost the demand for car phone holders in the coming future.
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- Car Care Products Market - The global car care products market was valued at USD 10.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030. The market is expected to be driven by the growth of the automotive industry around the world. The industry is expected to grow further due to the increasing disposable income in developing countries, along with the increasing consumer awareness regarding vehicle repair and maintenance.
- Electric Passenger Cars Market - The global electric passenger cars market size was valued at USD 120.81 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 32.5% from 2021 to 2028. Worldwide, the sales of passenger cars dipped considerably as the automotive industry bore the adverse effects of lockdown restrictions caused by COVID-19 in the first half of 2020.
Car Phone Holder Market Segmentation
Grand View Research has segmented the global car phone holder market on the basis of product, distribution channel, and region:
Car Phone Holder Product Outlook (Revenue, USD Million, 2017 - 2030)
- Air Vent Mounted
- Suction Cup Mounted
- Adhesive Mounted
- CD Slot Mounted
Car Phone Holder Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Online
- Offline
Car Phone Holder Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa
Market Share Insights
- August 2021: NUMBER ZERO launched a dynamic new magnetic car phone holder on Indiegogo which is the world’s first 5-in-1 magnetic car phone holder with dynamic animation. This new-age phone holder offers a new way for drivers to go hands-free on the road while also serving as décor, scent diffuser, an animated toy, and table-top phone stand.
- May 2021: Inbase, a leading name in innovative and portable digital products, launched the latest series of 5 car mounts and holders for tablets and smartphones at competitive prices for the larger section of the automotive utility accessories market.
Key Companies profiled:
Some prominent players in the global car phone holder market include
- Arkon Resources, Inc.
- Bestrix
- Kenu
- Brodit AB
- Baseus
- iOttie, Inc.
- ZAAP
- Amkette
- Portronics
- Olixar
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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