Global USB Charger Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global USB Charger Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global USB charger market report has been segmented on the basis of product type, charger type, port, distribution channel, and region.

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Global USB Charger Market: Overview

USB (Universal Serial Bus) cable is used to connect many types of portable devices to computers in terms of data transfer. Nowadays, many devices such as smartphones, laptops, and other electronic gadgets are charged using USBs. USB ports have become a universal power socket for many devices such as smartphones, MP3 players, etc. and are available in cars, laptops, aircraft, and wall sockets.

Global USB Charger Market: Dynamics

Growing adoption of electronic devices among individuals and increasing power consumption of electronic gadgets due to consistent use of internet services are some of the major factors expected to drive growth of the global USB charger market. Additionally, increasing demand for USB charger owing to its durability, portability, fast charging, low cost, multiple sockets, etc. is one of the other key factors expected to drive growth of global USB charger market. Increasing demand for advanced functionality in smartphones, which in turn requires extending battery life in order to support the applications and features. This is a factor expected to boost growth of the global market.

However, availability of counterfeit products at comparatively less price is one of the major factors that may hamper growth of the global USB charger market over the forecast period.

Global USB Charger Market: Segment Analysis

Among the product type segments, the USB type C segment is expected to account for major revenue contribution in the global market over the forecast period.

Among the charger type segments, the wall charger segment is projected to register significant growth, due to its fast charging, durable, and more convenient features. The portable power banks segment is expected to account for second-highest share in terms of revenue in the target market, due to high powered devices they provide fast charging, are very inexpensive, and can charge different types of devices.

Among the port segments, the four port segment is expected to register significant growth in the global market, owing to its property that is it can charge many devices at one time.

Among the distribution channel segments, the online segment is anticipated to register significant revenue share in the global market, owing to various features such as convenience of shopping while sitting at home, saves time, offers attractive discounts, easy payment options, easy returns, etc.

Global USB Charger Market: Region Analysis

Asia Pacific USB charger market is estimated to account for the highest revenue share in the global market, due to rapid urbanization, increasing usage of smartphones, laptops, and other electronic devices, and presence of large number of major manufacturers in countries such as China, India, and Japan in Asia Pacific. North America and Europe markets are expected to account for significant revenue shares in the target market. Significant revenue contribution by North America can be attributed to increasing R&D activities and technological advancements by major manufacturers in the US and Canada in this region. Markets in Latin America, and the Middle East and Africa are expected to grow at a moderate rate over the forecast period.

Global USB Charger Market Segmentation:

Segmentation by product type:

USB Type A
USB Type B
USB Type C

Segmentation by charger type:

Wall Chargers
Portable Power Bank
Docking System
Alarm Clock
Car Charger

Segmentation by port:

One
Two
Three
Four

Segmentation by distribution channel:

Online
Offline