Global USB Charger Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

The USB Charger Market Report has been segmented on the basis of product type, charger type, port, distribution channel, and region.

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USB Charger Market: Overview

“The USB Charger Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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.

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 the growth of the global USB charger market.

Additionally, increasing demand for USB chargers owing to their durability, portability, fast charging, low cost, multiple sockets, etc. is one of the other key factors expected to drive the growth of the 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 the growth of the global market.

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

USB Charger Market: Segment Analysis

Among the product type segments, the USB type C segment is expected to account for major revenue contributions 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 the second-highest share in terms of revenue in the target market, due to high-powered devices that 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 it can charge many devices at one time.

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

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 the presence of a large number of major manufacturers in countries such as China, India, and Japan in the 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, the Middle East, and Africa are expected to grow at a moderate rate over the forecast period.

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

Segmentation by region:

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