Car Phone Holder Market: Introduction
- Car phone holder is an important accessory, primarily used to hold mobile phones while driving on a road in passenger and cargo cars. Car phone holders provide a simple and safe way to attend important phone calls, use the GPS, charge cell phones, and play music and movies while driving. The three main types of car phone holders include vent mount, dashboard mount, and windshield mount.
Key Drivers of the Global Car Phone Holder Market
- Rising number of smartphone users along with growing consumer awareness about the importance of car phone holders are the key factors driving the demand for car phone holders across the worldwide market. Car phone holders use either magnetic bases or spring-loaded arms to hold the mobile phone in place.
- Spring-loaded arms provide more versatility compared to magnetic bases and are widely accepted by modern car drivers. Key brands are focusing on designing customized product portfolios to offer a wide range of sizing options for different models of smartphones.
Car Phone Holder Market: Type Overview
- On the basis of type, the global car phone holder market is categorized into vent mount, dashboard mount, and windshield mount car phone holders. The rising demand for flexible and easy to handle products is anticipated to fuel the demand for dashboard mount car phone holders. Windshield mounts usually come with automotive-grade adhesives that makes them easy to fix without any damage to car windows and other surfaces. On the other hand, vent mount car phone holders are widely preferred for standard air conditioner vents of cars.
COVID-19 Pandemic has lowered the Demand for Car Phone Holders
The COVID-19 pandemic has forced strong alteration in purchasing habits and spending patterns of consumers. With changing economic conditions, consumers are prioritizing their daily expenses and are willing to pay only for essential products and services. Moreover, restrictions on social gatherings and strict lockdowns across the world have lowered the demand for car phone holders during the COVID-19 pandemic.
Asia Pacific Market to Register Highest CAGR during 2021-2031
- By region, the global car phone holder market is classified into South America (SA), North America (NA), Europe (EU), Middle East & Africa (MEA), and Asia Pacific (APAC).
- Country-level bifurcation of the North America market includes the forecast and analysis for the U.S., Canada, and Rest of North America. The country-level analysis and forecast of the Europe market covers the car phone holder market in the U.K., Germany, France, and Rest of Europe. The country-level analysis and forecast for the Asia Pacific market includes major countries in the region such as India, China, Japan, and Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast of the car phone holder market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America car phone holder market is categorized into Brazil, and Rest of South America.
- Rising number of smartphone users and increasing adoption of personal cars is expected to drive the demand for car phone holders in the Asia Pacific market. Moreover, strong penetration of carpooling and the car rental market is anticipated to offer lucrative opportunities for manufacturers of car phone holders over the forecast period.
Key Players Operating in the Global Market
Manufacturers are developing diverse product portfolios to cater to evolving needs of end-users. Multichannel sales and distribution, strong branding and promotion, online marketing, and expansion in untapped markets through collaboration with car dealers and accessory retailers are the key strategies of industry participants.
Some of the major companies identified in the global car phone holder market are:
- Arkon Resources, Inc.
- Brodit AB
- IOttie, Inc.
Global Car Phone Holder Market: Research Scope
Global Car Phone Holder Market, by Type
- Vent Mount
- Dashboard Mount
- Windshield Mount
Global Car Phone Holder Market, by Category
Global Car Phone Holder Market, by Price
Global Car Phone Holder Market, by Distribution Channel
Global Car Phone Holder Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
The report on the global car phone holder market 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, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.