Market Research Report : Mobile accessories market in india 2014 - Press release

FOR IMMEDIATE RELEASE India Mobile Accessories Market Outlook – Growing Device Adoption & Spending Power Spurring Growth Netscribes, Inc. launches a report on Mobile Accessories Market in India 2014 covering a market with strong growth potential. It is a part of Netscribes’ Technology Series.

Mumbai, India – November 5, 2014 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Mobile Accessories Market in India 2014’. Despite of being at a nascent stage, mobile accessories market is expected to nearly double by 2016.

Netscribes’ latest market research report titled Mobile Accessories Market in India 2014 illuminates the dynamics in the Indian featurephone, smartphone, and Tablet accessories market. India holds immense opportunities for mobile accessory products due to enormous number of mobile device users and rapid growth in adoption of smartphones and tablets. Continual decline of prices of mobile devices is primarily aiding the growth in smartphone and tablet market penetration. Rise in disposable income has revolutionized consumers’ buying and spending trend, especially in the urban areas. Mobile device adoption amongst youth population in the country and their spending pattern provide strong stimulus for growth in adoption. Online retailing plays a big part in this growth as well.

Mobile accessory companies are provided with flexibility of choosing the best suited sales and distribution channel, thanks to abundant national distributors and plenty of regional and micro distributors, and wholesalers across India. Companies can focus on specific states or cities, or market their products to retail stores across the country. Both domestic and foreign mobile accessory companies face tough competition from unbranded products, especially ones imported from China. Due to large number mobile accessory manufacturers in China, huge amount of Chinese products are easily available in the grey markets and local stores. A significant number of consumers find these easily available accessories affordable and attractive. Although unbranded grey market products are dominating at present, with competitive pricing and availability, majority of the market can potentially belong to branded mobile accessories.

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