USB Car Charger Market Size to Grow by $ 95.35 mn During 2020-2024

Technavio has been monitoring the usb car charger market and it is expected to grow by $ 95.35 mn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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USB Car Charger Market: APAC to lead market growth during the forecast period

• 60% of the market growth will originate from APAC during the forecast period.
• Increasing demand for smart wearables and iot devices will be a key trend that will influence market growth significantly.
• The Penetration of smartphones & access to internet will be a significant factor in driving the growth of the usb car charger market.

USB Car Charger Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amazon.com Inc., Apple Inc., Belkin International Inc., Fujitsu Ltd., Huawei Investment & Holding Co. Ltd., Koninklijke Philips NV, Samsung Electronics Co. Ltd., Sony Corp., Targus Inc., and Xiaomi Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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USB Car Charger Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive usb car charger market growth during the next five years
• Precise estimation of the usb car charger market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the usb car charger market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of usb car charger market vendors