Car Phone Holder Global Market Report 2024

The car phone holder market size has grown steadily in recent years. It will grow from $1.03 billion in 2023 to $1.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth experienced during the historical period can be attributed to multiple factors escalating prevalence of smartphone utilization during driving, a heightened emphasis on road safety and compliance with hands-free regulations, an upsurge in the desire for the convenience and accessibility of mobile devices within vehicles, the proliferation of ride-sharing and navigation app utilization, the evolution of versatile and adaptable holder designs, and a surge in long-distance commuting and travel.

The car phone holder market size is expected to see steady growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to several factors that include the adoption of wireless charging capabilities in phone holders, increased customization options to accommodate different car models and phone sizes, the growing popularity of carpooling and ride-hailing services, an emphasis on user-friendly and ergonomic designs, the expansion of e-commerce platforms for car accessories, a focus on eco-friendly and sustainable materials, and regulatory compliance with distracted driving laws and guidelines. Major trends expected in the forecast period include the adoption of versatile mounting designs, the expansion of magnetic solutions, the integration of wireless charging capabilities, the adoption of eco-friendly materials, the integration of smart features, and an increasing emphasis on safe usage driving trends.

The anticipated rise in smartphone sales is poised to drive growth in the car phone holder market. Smartphones, integrating traditional mobile phone functionalities with advanced computing capabilities, witness increasing sales driven by evolving technology, affordability, extensive connectivity, and diverse features. Car phone holders are commonly utilized with smartphones to enhance functionality and convenience during driving, facilitating safer and more efficient navigation, communication, and entertainment without diverting the driver's attention from the road. For instance, a March 2023 report from Cybercrew revealed that the percentage of UK households using smartphones surged to 91.43% in 2021, with projections indicating a rise to 93.8% by 2026. Thus, the escalating sales of smartphones are a key driver propelling the car phone holder market.

Prominent players in the car phone holder market prioritize the development of innovative offerings such as the Number Zero 2.0, a dynamic magnetic car phone holder. For example, in August 2021, NUMBER ZERO Inc., a US-based electronics corporation, via Indiegogo revolutionizes magnetic mounting technology for secure smartphone attachment and positioning. The Number Zero 2 stands out as the world's premier 5-in-1 magnetic car phone holder, boasting dynamic animation and serving diverse functions including hands-free phone holding, decoration, scent diffusion, interactive toy usage, and tabletop phone support. Notable features include an ultra-strong magnet, dynamic animation, compatibility, scent diffusion, customizable backgrounds, and a practical design that harmonizes practicality with creative elements.

In April 2022, Ultrahuman, an India-based health-tech firm, acquired LazyCo for an undisclosed sum. This strategic move aligns with Ultrahuman's vision to expand its biomarkers, offer preventive care wearables, and promote passive personalized health management, resonating with LazyCo's ethos. LazyCo, a consumer product manufacturer based in India, specializes in wearable technology and car phone holders. Through this acquisition, Ultrahuman aims to bolster its product portfolio, leveraging LazyCo's expertise to enhance its offerings in the wearable technology and car phone holder segments, driving innovation and growth in the health-tech market.

Major companies operating in the car phone holder market are Belkin International Inc., Nite Ize, Scosche Industries Inc., Amkette, Baseus, Amzer Inc., Brodit AB, Arkon Resources Inc., RAM Mounting Systems Inc., Macally, Kenu, MPOW Innovations Limited, WizGear.com, TechMatte Inc., Shenzhen DIVI Technology Co, Ltd. (Ainope), Bestrix, Olixar, Portronics Digital Private Limited., ZAAP, National Products Inc., Koomus, iOttie, Insten Solutions LLP, The Joy Factory, Mirakase International Limited, Humixxus.

North America was the largest region in the car phone holder market in 2023. The regions covered in the car phone holder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the car phone holder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A car phone holder is a specialized device designed to securely hold a smartphone inside a vehicle, allowing for easy access to the screen while driving. Its primary function is to ensure that the phone is safely positioned within the driver's field of vision without blocking their view, enabling them to use navigation apps, make hands-free calls, or engage in other essential functions without needing to handle the device physically. By encouraging safer driving practices and reducing distractions, car phone holders play a vital role in improving road safety.

The primary types of car phone holder include magnetic and cradle/spring. Magnetic variants employ magnets to firmly hold smartphones in place within vehicles, boasting a range of mounting alternatives such as sticky pads, car air vent clips, and suction pads. These holders come in various classifications, including those equipped with wireless charging functionality alongside standard models. Distribution channels encompass both traditional brick-and-mortar retail outlets and online platforms.

The car phone holder market research report is one of a series of new reports that provides car phone holder market statistics, including car phone holder industry global market size, regional shares, competitors with a car phone holder market share, detailed car phone holder market segments, market trends and opportunities, and any further data you may need to thrive in the car phone holder industry. This car phone holder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The car phone holder market consists of sales of dashboard mounts and windshield mounts, rubber padding, extra mounting adapters, magnetic mounts, air vent mounts, and wireless charging mounts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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