The manual car charger global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Manual Car Charger Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The manual car charger market size has grown steadily in recent years. It will grow from $9.56 billion in 2023 to $9.89 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to increasing automobile ownership, development of the automotive industry, increasing focus on vehicle maintenance, rapid urbanization, and the increasing number of public and private charging stations.
The manual car charger market size is expected to see steady growth in the next few years. It will grow to $11.48 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to the growth of electric vehicles (EVs), increased vehicle electrification, rising fuel prices, and operating costs, the rise of ride-sharing and fleet services, and the expansion of e-commerce and online sales channels. Major trends in the forecast period include advancements in battery technology, development of portable electronic devices, innovations in charging technology, digitalization and Internet of Things (IoT) integration, and smart and connected charging solutions.
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Scope Of Manual Car Charger Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Manual Car Charger Market Overview
Market Drivers –
The rising demand for electric vehicles (EVs) is expected to propel the growth of the manual car charger market going forward. Electric vehicles (EVs) refer to vehicles that are powered entirely or primarily by electric motors and batteries instead of internal combustion engines that use fossil fuels. The demand for electric vehicles is growing due to people’s awareness of environmental issues, improvements in battery technology, government incentives, and rising fuel prices. Manual car chargers allow EV owners to charge their cars at home or public stations, making charging the battery for daily use and longer trips easy. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual rise. Therefore, rising demand for electric vehicles (EVs) drives the manual car charger market.
Market Trends –
Major companies operating in the manual car charger market are focused on developing innovative products, such as controller chargers, to meet the growing demand for convenient and efficient charging solutions. A controlled battery charger, also known as a smart or intelligent charger, is a device designed to charge batteries while monitoring and controlling the charging process. For instance, in October 2023, Schumacher Electric Corporation, a US-based manufacturer of battery chargers, jump starters, and power inverters, primarily catering to the automotive industry, launched a line-up of manual timer-controlled battery chargers and jump starters for car, SUV, truck, and boat batteries. The new products offer users complete manual control over charging and jump, starting with precision timers and charging mode selectors. They feature a compact, portable design with wheeled options for easy transportation.
The manual car charger market covered in this report is segmented –
1) By Charging Type: On-Board Chargers, Off-Board Chargers
2) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)
3) By End-User: Residential, Commercial
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Regional Insights –
North America was the largest region in the manual car charger market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the manual car charger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the manual car charger market are Stanley Black & Decker Inc., Schumacher Electric Corporation, CTEK Sweden AB, Midtronics Inc., The NOCO Company, DEWALT, Associated Equipment, Clore Automotive, CRAFTSMAN, Battery Tender, DieHard, Motopower, Ampeak, Verilux, GOOLOO, Clarke, Vector, Foxsur, Foval, REHTRAD, TOPDON Incorporated
Table of Contents
1. Executive Summary
2. Manual Car Charger Market Report Structure
3. Manual Car Charger Market Trends And Strategies
4. Manual Car Charger Market – Macro Economic Scenario
5. Manual Car Charger Market Size And Growth
…..
27. Manual Car Charger Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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