The Malaysia mobile phone accessories market consists of various products such as protective cases, screen protectors, chargers, portable speakers, memory cards, batteries and others that are used along with mobile phones.
Malaysia Mobile Phone Accessories Market have become essential components for mobile phones as they help protect phones, enhance functionality and provide convenience to users. The demand for mobile phone accessories is driven by the large smartphone user base in Malaysia, with over 80% of the population owning a smartphone.
The Malaysia Mobile Phone Accessories Market is estimated to be valued at USD 2.54 Bn in 2024 and is expected to reach USD 4.02 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.78% from 2024 to 2031.
Key players operating in the Malaysia mobile phone accessories market are Samsung, Xiaomi, Anker, Sony and Baseus.
The growing smartphone penetration in Malaysia presents lucrative growth opportunities in the accessories segment. Rising number of online shoppers and increasing sales through e-commerce platforms will further fuel market growth.
The market players are expanding their business globally by strengthening their distribution network and entering into partnerships with major mobile phone brands and retailers.
Market Drivers
A major driver for the growth of the Malaysia mobile phone accessories market is the rising smartphone adoption in the country. According to reports, over 95% of the Malaysian population own a smartphone, thereby driving the demand for smartphone accessories. As smartphone capabilities continue to improve, consumers demand compatible and useful accessories to enhance their mobile experience.
PEST Analysis
Political: Recent political changes in the country had little impact on the mobile phone accessories market. The government supports a pro-business environment.
Economic: The steady economic growth over the past few years increased consumer spending power. Higher disposable incomes drive demand for mobile phone accessories.
Social: Large young population is highly technology-savvy and adopts new mobile accessories quickly. Social media influences trends and increased selfie culture drives accessory sales.
Technological: Advancements in smartphones led to demand for compatible high-quality accessories. 5G network expansion will allow more Internet-of-Things devices and wireless accessories.
Market concentration in terms of value is highest in western region of Malaysia, with states of Selangor, Kuala Lumpur, Johor and Penang accounting for over 60% share. This is due to higher population density and purchasing power in these states housing the major cities.
Fastest growing region for the mobile phone accessories market is eastern region of Malaysia comprising states of Sarawak and Sabah. Strong double-digit growth is experienced here supported by expanding middle-class, urbanization and technology adoption among the young population. Mobile accessory brands are also increasingly targeting this region through focused marketing and retail distribution strategies.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)