Global Mobile Casing and Structural Parts Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-17 07:11:01
The Global Mobile Casing and Structural parts market is to grow at a CAGR of 17.91percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing adoption of mobile phone handsets. The Global Mobile Casing and Structural Parts market has also been witnessing the personalization of mobile devices by end-users. However, the declining ASPs of mobile phones could pose a challenge to the growth of this market.
Currently, there has been a drastic change in consumers´ buying behavior. These days, they attach a great significance to style, color, and materials used in mobile phones cases and structural parts, while buying mobile phones. The trend of personalizing mobile devices has accelerated the growth of the Global Mobile Phone Casing and Structural parts market. Consumers are increasingly demanding for mobile phones that look unique and compliment their personalities. Therefore, personalization of mobile devices is a major trend that is expected to drive the Global Mobile Phone Casing and Structural parts market during the forecast period.
One of the major drivers in this market is the increasing penetration of mobile phones. The increase in the mobile phone penetration has a direct impact on the growth of this market as mobile phone casing and structural parts form an integral component for mobile phones. The growing penetration worldwide is expected to increase the volume of mobile handsets in the market, thereby contributing to the growth of the market.
One of the key challenges in this market is the declining ASP of mobile phones. The continuous decline in the ASP of mobile phones is expected to increase price negotiations with mobile phone casing and structural parts vendors, therefore decreasing the revenue generated from the Global Mobile Phone Casing and Structural Parts market. As a result, vendors´ profit margins are expected to reduce dramatically.
The key vendors dominating this space include Catcher Technology Co. Ltd., Foxconn International Holdings Co. Ltd., Foxconn Technology Group, Intops Co. Ltd., and Lite-on Mobile Pte. Ltd.
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