Car Phone Holder Market To Hit Value .7 Billion By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on July 25th, 2022 The global car phone holder market size is anticipated to reach USD 1.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2022 to 2030. Car phone holder makes a crucial accessory, mainly used to hold mobile phones while driving on a road in passenger and cargo cars. The inclination of customers towards enhanced performance experience while driving, and the surge in demand for passenger cars owing to a rise in disposable income and improved lifestyle drive the growth of the market. The car phone holder is the easiest-to-use and most convenient solution for holding a mobile in a car. The multi-utility and premium car phone holders are used for attending calls, checking emails, accessing google maps, playing music, and performing various other different tasks without actually holding a mobile in hand. At present, majority of the car accidents are caused owing to mobile phone usage while driving. For instance, the Insurance Institute for Highway Safety declared that fatal crash risk is 66% higher when using a mobile. An excellent car phone holder can reduce those risks and enhance driver and vehicle safety. Car phone holder offers a wide range of applications with installing and using car phone mounts to permit secure and safe control of the car’s entertainment system and provides a wireless car charger. Additionally, they are used for holding the mobile near the dashboard, making it easy to use the navigation system, or to maintain hands-free calling. The need for safety and security while driving on the road has been propelling the demand for car phone holders for the past few years. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/car-phone-holder-market-report/request/rs1 The COVID-19 pandemic is affecting the market, impacting key supply chains, weakening manufacturing confidence, while low demand for raw materials and commodities is heightening the uncertainty for the market. The production facilities of the automobile parts have been shut due to the disruption in supply chain management, production halt, and unavailability of the workforce across the globe. However, recovery in the pandemic situation and production resumption of automotive and its accessories is likely to uplift the growth of the market. Car Phone Holder Market Report Highlights
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. 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. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/452583/ibb The market is competitive in nature owing to the presence of a high concentration of domestic and local players in the market. Manufacturers are striving to develop and design diverse product portfolios to serve the evolving needs of end-users. Moreover, multichannel sales, a wide distribution network, strong branding and promotion, online marketing, and expansion in untapped markets via collaboration with car dealers and accessory retailers are among the few key strategies adopted by industry participants.
Some of the key players in the car phone holder market include:
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