How big is the car phone holder market?

The global car phone holder market size was estimated at USD 1.03 billion in 2021 and is expected to reach USD 1.1 billion in 2022.

What is the car phone holder market growth?

The global car phone holder market is expected to grow at a compound annual growth rate of 5.5% from 2021 to 2030 to reach USD 1.7 billion by 2030.

Which segment accounted for the largest car phone holder market share?

The Asia Pacific dominated the car phone holder market with a share of 39.4% in 2021. This is attributable to the thriving automobile industry, increasing adoption of personal cars coupled with the rising number of smartphone users in the region.

Who are the key players in the car phone holder market?

Some key players operating in the car phone holder market include Baseus; Brodit AB; Arkon Resources, Inc.; Kenu; IOttie, Inc.; Olixar; Bestrix; Amkette; Portronics; ZAAP.

What are the factors driving the car phone holder market?

Key factors that are driving the car phone holder market growth include an increasing number of road accidents, growing consumer awareness about the importance of car phone holders, and strict government regulations for road safety.