An Exclusive B2B Expo on MOBILE, ACCESSORIES & GADGETS
on 15-16-17 February, 2023
BEC, Mumbai

ABOUT MAG WORLD EXPO

MAG World Expo was the first of its kind exhibition dedicated to the said industry in the country. The idea was conceptualised to provide a platform for the domestic and global industry players to showcase their brands, latest products and technologies to the entire distributor and retailer community in an apt business environment. Through MAG, retailers and manufacturers within the industry would have the ideal opportunity to meet face to face with the manufacturers and brand owners, network, and build a mutually beneficial business alliance with one another.

The first edition of MAG took place in Bengaluru - the Silicon Valley of India from 10th to 12th March 2022. Home to some of the best domestic and international technology companies in India, the city of Bangalore proved to be the perfect fit for the first edition of MAG.

The 3-day power packed exhibition witnessed over 56 leading Indian companies in the Mobile Accessories and Gadgets manufacturing space as exhibitors. With each exhibitor allotted a dedicated stall of their own, they each displayed numerous brands of products under various labels. Companies also presented products that were developed, manufactured, and assembled within the country, in line with the government's Make in India initiative.

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THE FUTURE IS SMART, AND THE FUTURE IS HERE!

It is predicted that by 2022 India will have over 830 million smartphone users, making it one of the largest smartphone markets in the world. The Indian subcontinent is one of the biggest & fastest-growing markets for the mobile phone & accessories industry with a growth rate of 17% YoY. This industry has witnessed a surge of 26 % amounting to the shipments of 38.8 million units of smartphones in Q1 2021. The rapidly increasing use of smartphones and mobile-enabled devices is a major factor in boosting the demand for mobile accessories and gadgets in India. This trend is expected to continue for several years to come as India continues to witness digitisation that is not only changing the lives of the urban population but creating a massive change in the lives of the rural population as well.

The market for mobile accessories in India is expected to reach INR 35,000 crores ( USD 3.54 Bn) by the end of 2024 growing at a CAGR of 10.5%. The rising young age population with a disposable income, steady decline in smartphone prices, increased internet penetration and the increasing focus on a more digitised lifestyle are some of the key factors that have created a conducive environment for this industry’s growth. Along with this, the latest turn of events has brought to the fore the power of digitisation and the importance of access to the same in the most remote parts of the country. We have witnessed a time when professionals have sat in the most remote parts of India and conducted business with their clients across the globe. Thanks to smartphones and varied mobile accessories and digitisation many individuals have been able to adapt to the new normal. From students attending online schools to grocery being brought online, smartphones have come to our rescue and how!

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