Mobile Chargers Market
PUBLISHED: 2024 ID: SMRC27599
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Mobile Chargers Market

Mobile Chargers Market Forecasts to 2030 - Global Analysis By Product Type (Wired Chargers, Wireless Chargers and Other Product Types), Port Type, Charging Technology, Distribution Channel, Application, End User and By Geography

4.6 (30 reviews)
4.6 (30 reviews)
Published: 2024 ID: SMRC27599

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Mobile Chargers Market is accounted for $39.0 billion in 2024 and is expected to reach $63.4 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Mobile chargers, also known as phone chargers or power adapters, are devices used to replenish the battery power of mobile phones and other portable electronic devices. They convert electrical energy from a power source, such as an outlet or USB port, into a suitable voltage and current for the device. Chargers come in various forms, including wall adapters, car chargers, and portable power banks, each designed for specific charging needs. Modern chargers often feature fast charging capabilities, allowing devices to recharge more quickly. 

According to a survey conducted by Pew Research Center, smartphone ownership and home broadband subscriptions have increased among American adults from 81% and 73% in 2019 to 85% and 77% in 2021 respectively.

Market Dynamics: 

Driver: 

Increasing smartphone penetration

The rising penetration of smartphones significantly boosts the market, driven by increasing demand for portable power solutions. As more consumers rely on smartphones for daily tasks, the need for efficient and versatile charging options escalates. This growth is further fueled by innovations like fast charging and wireless technology, catering to user preferences for convenience and speed. Consequently, manufacturers are expanding their product lines to meet the evolving demands of the market.

Restraint:

Competition from low-cost manufacturers

Low-cost manufacturers are fierce competitors in the industry, especially in areas where smartphone usage is high. While this drives prices down and increases accessibility, it poses challenges for established brands that prioritize quality and innovation. As a result, leading manufacturers are focusing on differentiating their products through advanced features, branding, and superior customer service to maintain market share amid this price-driven competition.

Opportunity:

Emergence of 5G technology

The emergence of 5G technology is reshaping the market, as it drives the demand for more power-efficient and faster-charging solutions. With 5G enabling higher data speeds and increased device connectivity, users require chargers that can keep up with the demands of advanced applications and functionalities. This shift prompts manufacturers to innovate, leading to the development of chargers that support faster charging rates and improved energy management, enhancing the overall user experience.

Threat:

Counterfeit products

Counterfeit products in the market pose significant risks, undermining consumer safety and brand integrity. These low-quality chargers can cause device damage, battery issues, or even pose fire hazards due to inadequate safety standards. Additionally, the prevalence of counterfeit items erodes consumer trust in legitimate brands, impacting sales and market reputation. As awareness of these dangers grows, consumers may become more cautious, further complicating market dynamics for genuine manufacturers.

Covid-19 Impact: 

The COVID-19 pandemic had a mixed impact on the market. Initially, supply chain disruptions and factory shutdowns led to shortages and delays in product availability. However, as remote work and online learning surged, the demand for smartphones and their accessories, including chargers, increased significantly. This shift prompted manufacturers to adapt quickly, enhancing online sales channels and innovating products to meet the changing needs of consumers in a more digital-centric environment.

The standard charging segment is projected to be the largest during the forecast period

The standard charging segment is projected to account for the largest market share during the projection period. This method is widely compatible with many smartphones and gadgets, ensuring user convenience and broad accessibility. While standard chargers remain essential for everyday use, the rise of fast charging technologies is shifting consumer preferences. Nonetheless, standard charging continues to serve as a reliable and cost-effective option for users worldwide.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is expected to have the highest CAGR during the extrapolated period driven by the growing integration of technology. Car chargers, designed to connect to vehicle power sources, have become essential for on-the-go device charging. As consumers increasingly rely on smartphones for navigation and entertainment while driving, the demand for efficient, fast-charging solutions has surged. This trend encourages manufacturers to innovate, producing chargers that enhance convenience and safety for drivers and passengers alike.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period. Innovative technologies, such as fast charging and wireless solutions, are gaining popularity, driven by tech-savvy consumers seeking convenience. Additionally, the rise of electric vehicles enhances demand for specialized automotive chargers. Major retailers and online platforms further facilitate market expansion, ensuring consumers have access to a wide range of charging options and accessories.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period. This growth is primarily driven by the increasing adoption of smartphones and the rising demand for diverse charging solutions, including both wired and wireless chargers. The region's large population and rapid technological advancements further support this trend, with consumers increasingly favoring wireless charging options due to their convenience and alignment with modern lifestyles.

Key players in the market

Some of the key players in Mobile Chargers market include Apple Inc., Samsung Electronics, Belkin International, Oppo Electronics, ZAGG Inc., Mophie, Sony Corporation, LG Electronics, Panasonic Corporation, Philips Electronics, Hosiden Corporation, Xiaomi, Huawei, Lenovo, JBL, Vivo Communication and OnePlus.

Key Developments:

In June 2024, JBL launched the Live Beam 3 wireless earbuds with a Smart charging case in India. Unveiled earlier this year at the Consumer Electronics Show (CES), the new wireless earbuds are designed for movie and music enthusiasts and come with JBL Signature Sound.

In January 2024, Belkin has unveiled a range of new products at the Consumer Electronics Show in Las Vegas that takes advantage of the latest technology to keep your devices charged up and ready to go.

Product Types Covered:
• Wired Chargers
• Wireless Chargers
• Other Product Types

Port Types Covered:
• USB-A
• USB-C
• Lightning
• Multi-Port Chargers

Charging Technologies Covered:
• Standard Charging
• Fast Charging
• Super Fast Charging
• Quick Charge Technology

Distribution Channels Covered:
• Offline Retail
• Online Retail

Applications Covered:
• Smartphones
• Wearables
• Tablets
• Laptops
• Other Applications

End Users Covered:
• Consumer Electronics
• Automotive
• Industrial Applications
• Hospitality
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 Technology Analysis      
 3.8 Application Analysis      
 3.9 End User Analysis       
 3.10 Emerging Markets       
 3.11 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Mobile Chargers Market, By Product Type     
 5.1 Introduction       
 5.2 Wired Chargers       
  5.2.1 USB Wall Chargers      
  5.2.2 Car Chargers      
  5.2.3 Power Banks      
 5.3 Wireless Chargers       
  5.3.1 Qi Chargers      
  5.3.2 Induction Chargers      
 5.4 Other Product Types      
          
6 Global Mobile Chargers Market, By Port Type     
 6.1 Introduction       
 6.2 USB-A        
 6.3 USB-C        
 6.4 Lightning        
 6.5 Multi-Port Chargers       
          
7 Global Mobile Chargers Market, By Charging Technology    
 7.1 Introduction       
 7.2 Standard Charging       
 7.3 Fast Charging       
 7.4 Super Fast Charging       
 7.5 Quick Charge Technology      
          
8 Global Mobile Chargers Market, By Distribution Channel    
 8.1 Introduction       
 8.2 Offline Retail       
  8.2.1 Electronics Stores      
  8.2.2 Supermarkets      
  8.2.3 Specialty Stores      
 8.3 Online Retail       
          
9 Global Mobile Chargers Market, By Application     
 9.1 Introduction       
 9.2 Smartphones       
 9.3 Wearables       
 9.4 Tablets        
 9.5 Laptops        
 9.6 Other Applications       
          
10 Global Mobile Chargers Market, By End User     
 10.1 Introduction       
 10.2 Consumer Electronics      
 10.3 Automotive       
 10.4 Industrial Applications      
 10.5 Hospitality       
 10.6 Other End Users       
          
11 Global Mobile Chargers Market, By Geography     
 11.1 Introduction       
 11.2 North America       
  11.2.1 US       
  11.2.2 Canada       
  11.2.3 Mexico       
 11.3 Europe        
  11.3.1 Germany       
  11.3.2 UK       
  11.3.3 Italy       
  11.3.4 France       
  11.3.5 Spain       
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan       
  11.4.2 China       
  11.4.3 India       
  11.4.4 Australia       
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil       
  11.5.3 Chile       
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia      
  11.6.2 UAE       
  11.6.3 Qatar       
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa     
          
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions       
 12.5 Other Key Strategies      
          
13 Company Profiling        
 13.1 Apple Inc.       
 13.2 Samsung Electronics      
 13.3 Belkin International       
 13.4 Oppo Electronics       
 13.5 ZAGG Inc.        
 13.6 Mophie        
 13.7 Sony Corporation       
 13.8 LG Electronics       
 13.9 Panasonic Corporation      
 13.10 Philips Electronics       
 13.11 Hosiden Corporation      
 13.12 Xiaomi        
 13.13 Huawei        
 13.14 Lenovo        
 13.15 JBL        
 13.16 Vivo Communication      
 13.17 OnePlus        
          
List of Tables         
1 Global Mobile Chargers Market Outlook, By Region (2022-2030) ($MN)   
2 Global Mobile Chargers Market Outlook, By Product Type (2022-2030) ($MN)  
3 Global Mobile Chargers Market Outlook, By Wired Chargers (2022-2030) ($MN)  
4 Global Mobile Chargers Market Outlook, By USB Wall Chargers (2022-2030) ($MN)  
5 Global Mobile Chargers Market Outlook, By Car Chargers (2022-2030) ($MN)  
6 Global Mobile Chargers Market Outlook, By Power Banks (2022-2030) ($MN)  
7 Global Mobile Chargers Market Outlook, By Wireless Chargers (2022-2030) ($MN)  
8 Global Mobile Chargers Market Outlook, By Qi Chargers (2022-2030) ($MN)  
9 Global Mobile Chargers Market Outlook, By Induction Chargers (2022-2030) ($MN)  
10 Global Mobile Chargers Market Outlook, By Other Product Types (2022-2030) ($MN) 
11 Global Mobile Chargers Market Outlook, By Port Type (2022-2030) ($MN)  
12 Global Mobile Chargers Market Outlook, By USB-A (2022-2030) ($MN)   
13 Global Mobile Chargers Market Outlook, By USB-C (2022-2030) ($MN)   
14 Global Mobile Chargers Market Outlook, By Lightning (2022-2030) ($MN)   
15 Global Mobile Chargers Market Outlook, By Multi-Port Chargers (2022-2030) ($MN)  
16 Global Mobile Chargers Market Outlook, By Charging Technology (2022-2030) ($MN) 
17 Global Mobile Chargers Market Outlook, By Standard Charging (2022-2030) ($MN)  
18 Global Mobile Chargers Market Outlook, By Fast Charging (2022-2030) ($MN)  
19 Global Mobile Chargers Market Outlook, By Super Fast Charging (2022-2030) ($MN)  
20 Global Mobile Chargers Market Outlook, By Quick Charge Technology (2022-2030) ($MN) 
21 Global Mobile Chargers Market Outlook, By Distribution Channel (2022-2030) ($MN) 
22 Global Mobile Chargers Market Outlook, By Offline Retail (2022-2030) ($MN)  
23 Global Mobile Chargers Market Outlook, By Electronics Stores (2022-2030) ($MN)  
24 Global Mobile Chargers Market Outlook, By Supermarkets (2022-2030) ($MN)  
25 Global Mobile Chargers Market Outlook, By Specialty Stores (2022-2030) ($MN)  
26 Global Mobile Chargers Market Outlook, By Online Retail (2022-2030) ($MN)  
27 Global Mobile Chargers Market Outlook, By Application (2022-2030) ($MN)  
28 Global Mobile Chargers Market Outlook, By Smartphones (2022-2030) ($MN)  
29 Global Mobile Chargers Market Outlook, By Wearables (2022-2030) ($MN)  
30 Global Mobile Chargers Market Outlook, By Tablets (2022-2030) ($MN)   
31 Global Mobile Chargers Market Outlook, By Laptops (2022-2030) ($MN)   
32 Global Mobile Chargers Market Outlook, By Other Applications (2022-2030) ($MN)  
33 Global Mobile Chargers Market Outlook, By End User (2022-2030) ($MN)   
34 Global Mobile Chargers Market Outlook, By Consumer Electronics (2022-2030) ($MN) 
35 Global Mobile Chargers Market Outlook, By Automotive (2022-2030) ($MN)  
36 Global Mobile Chargers Market Outlook, By Industrial Applications (2022-2030) ($MN) 
37 Global Mobile Chargers Market Outlook, By Hospitality (2022-2030) ($MN)  
38 Global Mobile Chargers Market Outlook, By Other End Users (2022-2030) ($MN)  
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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