About MAG WORLD EXPO || Interior Today
MAG World Expo was the first exhibition of its kind dedicated to the said industry in the country. The idea was conceived to provide a platform for both domestic and global industry players to showcase their brands, latest products and technologies to the entire distributor and retailer community in a convenient business environment. Through MAG, retailers and manufacturers in the industry would have an ideal opportunity to meet face-to-face with manufacturers and brand owners, network and build a mutually beneficial business alliance.
The first edition of MAG was held in Bengaluru – Silicon Valley of India from 10th to 12th March 2022. The city of Bangalore proved to be home to some of the best domestic and international technology companies in India and proved to be a perfect fit for the first edition. of MAG.
The three-day high-energy exhibition witnessed more than 56 leading Indian companies in the Mobile Accessories and Gadgets manufacturing space as exhibitors. Each exhibitor had its own dedicated stand and each displayed a range of product brands under different brands. The companies also showcased products that were developed, manufactured and assembled in the country in line with the government’s Make in India initiative.
India’s Mobile Accessories Market to be bigger than ever before || Interior Today
The Indian mobile accessories market will be bigger than ever before India is one of the largest and fastest growing smartphone markets in the world, making smartphones an inseparable companion for most people. The industry is expected to continue to flourish and is predicted to see 190-200 million shipments in 2022 alone, with 5G looming on the horizon. Due to a significant jump in the average selling price (ASP) of mobile phones and higher volumes, the smartphone market in India will cross USD 38 billion in 2021 (27% year-on-year growth).
Another segment that will almost certainly attract the smartphone boom is mobile accessories. Technically, the term “mobile accessories” covers a wide range of items including decorative mobile covers, stands, protectors, decorative pieces, earphones, headsets, dongles, chargers, memory cards, batteries, power banks, Bluetooth speakers and other portable accessories. The current mobile accessories market size is expected to grow to $134.2 billion by 2025 at a CAGR of 18.6%. This growth in the mobile accessories market is expected to propel many leading Indian brands past the 1000 million mark by 2025. The growing adoption of smartphones, the use of smartphones for work applications and the unprecedented use of the Internet have given mobile phones a significant boost. accessories market in India over the last few years. The technological advancement in mobile accessories and the decrease in prices due to competition are attracting a large group of middle and low-income consumers to purchase mobile phone accessories.
Mobile Electronic Summit || Interior Today
Mobile Electronics Summit MAG World expo also witnessed a first-of-its-kind summit where young Turks from the industry gathered for a session moderated by Mr Manu Seth, Founder, CEO of Speaking Mindz Inc. trends in the mobile accessories segment, benefits and scope of retail chains, after-sales service among Indian brands and opportunities for Indian mobile accessories in the near future. Over the course of 3 days, MAG World Expo hosted over 2,500 visitors comprising distributors, wholesalers, wholesalers, retailers, institutional buyers and e-commerce vendors from across South India.
The MAG World Expo, the first of its kind, was also a major talking point for media publications in the city. The event was widely publicized in various majors which included – The Print, Business Standard, The New Indian Express, The Hans India as well as other leading vernacular publications in Bengaluru. MAG World Expo 2022 has proven to be a huge success for both the community and the industry. The organizers received appreciation from exhibitors, attendees and industry leaders who shared their views on why such events are necessary and vital to the overall growth of the industry.
