Global Wired Charging Market Envisioned to Garner a Revenue of $14,015.7 Million and Rise at a CAGR of 4.5% over the Forecast Period from 2021-2028 [170-Pages] | Declared by Research Dive

According to the report, the global wired charging market is anticipated to generate a revenue of $14,015.7 million and grow at a healthy CAGR of 4.5% during the estimated timeframe from 2021-2028.

Dynamics of the Wired Charging Market

With the growing demand for laptops and smartphones all across the globe due to the increasing work-from-home and study-from-home because of the outbreak of the novel coronavirus, the market is predicted to witness progressive growth during the analysis timeframe. Besides, the growing inclination of business owners and shopkeepers towards digitalization and rising marketing and lucrative offers provided by smartphone vendors, are the factors expected to bolster the growth of the wired charging market throughout the estimated period. Moreover, the increasing adoption of electric vehicle and rising government investment to develop electric vehicle charging infrastructure are expected to create huge growth opportunities for the market over the analysis period. However, the increasing penetration of wireless charging market may impede the growth of the market during the forecast period.

Covid-19 Impact on the Wired Charging Market

The outbreak of the Covid-19 pandemic has had a negative impact on the growth of the wired charging market. Due to the spontaneous spread of the deadly virus, governments of many countries have imposed stringent lockdowns which has further disrupted the supply chain of the market. Moreover, to follow the social distancing guidelines, many companies were started working with a limited workforce. This led to cause increase in the order backlogs and huge revenue losses. All these factors have affected the growth of the market during the period of pandemic.

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Segments of the Wired Charging Market

The report has divided the growth of the wired charging market into different segments based on product type, application, sales channel, and region.

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Key Players of the Wired Charging Market

The major players of the wired charging market include

These players are working on the development of new business strategies such as collaborations and partnerships, mergers and acquisitions, product development, and many more, to procure the leading position in the global industry.

For instance, in September 2021, Webasto Group, a leading Germany-based company which makes electric-car chargers, sunroofs, and air-conditioning systems, has launched its new product configurator for charging solutions at IAA 2021, a renowned Germany's leading international automotive trade fair. With this platform, business clients all across the globe can get an opportunity to configure and customize their individual desired products in the field of charging solutions, in a tailored manner.

Further, the report also presents other vital aspects such as product portfolio, the financial performance of the key players, SWOT analysis, and the latest strategic developments.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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