Collapsible Grip and Stand Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031

Demand for Collapsible Grip and Stand from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of collapsible grip and stand have increased at a stable rate, expanding at over 9.0% CAGR.

Collapsible grip and stands or popularly known as “PopSockets,” are stylish accessories used for smartphones and tablets, particularly by those individuals who love multitasking while being hands-free. These grips and stands provide numerous functions to smartphone users, as they can hold any handset to take lengthy calls, text people, use GPS, listen to music, watch videos, video calls, or even take selfies. Several product variants are available in the market, made from different materials, including ABS, TPU, PC, aluminum, zinc alloys, silicone, leather, crystals, and biodegradable materials. These products also have a repositionable sticky gel pad that adheres to the phone or phone case.

These collapsible grips and stands were first introduced in 2014 by a US-based company – PopSockets LLC. The company is the pioneer of this unique product which gained immense popularity among the millennial population and led to numerous counterfeit and duplicate product releases. The company sold about 30,000 PopSockets grips in the first year and about 35 million in 2017. To date, the company has sold over 100 million of its PopSockets grips. Moreover, the increasing penetration of smartphones across various developed and developing economies is expected to proliferate market growth.

Global Collapsible Grip and Stand Market Revenue Outlook:

The global collapsible grip and stand market was valued at almost US$ 700 Mn in 2020 and is projected to register а САGR of close to 9.0% by 2031.

Collapsible grip and stands offer convenience to take better pictures, prevent phone drops, and hold the phone securely while texting with one hand. It allows hands-free use and functions as a convenient stand while watching videos. Collapsible grips and stands have advanced reusable adhesive, repositionable, and washable adhesive sticks to most devices and cases. Collapsible grips and stands are available in various shapes and designs, and can be adhered to any surface, including bed posts, dashboards, mirrors, refrigerators, and walls, for convenient hands-free viewing. These are some of the unique advantages that are anticipated to boost the growth of the target market.

The explosion of the online markets such as Amazon.com, Taobao, Rakuten, Coupang, etc., provides easy comparison of various brands and conveniences related to discounts, payment options, EMIs, home delivery, etc. The outbreak of COVID-19 has had a positive impact on the E-commerce business post the initial slowdown; as a result, companies are focusing on expanding and strengthening their online distribution networks to cater to the increasing consumer demand. 

Smartphone users (millions) by leading countries, May 2021

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Regional Analysis:

Asia-Pacific is anticipated to hold a significant share of the global collapsible grip and stand market. The region is also expected to register the highest growth rates over the forecast period. This is attributed to an enormous young consumer base present in the countries in the region. Easy availability of smartphones, increasing disposable income, and a strong influence of social media are some of the key factors driving the growth of the collapsible grip and stand market in the region.

Millennial Population in Thousands (Aged 20-40 years) by Region, May 2020

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COVID-19 Impact Analysis:

The initial lockdown during Q2 2020 caused severe disruptions in the supply chain of collapsible grip and stands due to the stringent regulations on import-export activities. The closure of retail outlets had a further adverse impact on the market growth. Nonetheless, relaxation of rules after the initial lockdown and resumption of sales through online markets helped the market to normalcy.

Nonetheless, various industry players in the global collapsible grip and stands market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. In doing so, these players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

Some notable developments in the market:

• Demand for customized collapsible grips and stands with fashionable and aesthetic appeal is a growing trend. Customization in terms of adding a name, picture, quotes for individual use has been increasing significantly. Corporate customization, such as the addition of company name, logo, etc., for marketing, brand promotions, and corporate gifting, has also been gaining significant traction.
• Environmental sustainability has led several companies to take a step in that direction. For instance, Canada-based Pela Case produces 100% compostable phone grips – Pela Grip, made from compostable bioplastic elastomer and flax straw materials. In 2021, PopSockets LLC launched its planet-based product PopGrip Plant. The product is manufactured from corn starch, castor beans, and canola oil and is entirely biodegradable.

Competitive Landscape:

The collapsible grip and stand market landscape appears highly fragmented, with a significant chunk of it being dominated by players in the Asian countries.

• PopSocket LLC
• Lamicall
• Guangzhou Sinepo
• Simmics
• Shenzhen Leshiya
• Pela Case
• Vortex Bioshield
• Sinjimoru Co
• Shenzhen VIX Technology
• Dongguan Kaixin
• Shenzhen One Seed
• Other Key Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Collapsible Grip and Stand Market, By Material Type

• Plastics
• Metals
• Other Materials

Collapsible Grip and Stand Market, By Distribution Channel

• Hypermarket/ Supermarket
• Retail Stores
• Online Stores
• Other Distribution Channels

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