The global car battery charger market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). A car battery charger is exactly like a cellphone or laptop charger, however, for a car or truck battery. These devices plug into an electrical outlet on one end (source of power) and connect to a car’s battery terminals with cables that resemble jumper/booster cables. The market growth is majorly attributable to the rising demand for electric vehicles due to the stringent government regulations on polluting vehicles. In addition to this, the provision of subsidy for such vehicle manufacturers also boost the demand for electric vehicles, and thereby positively influencing the battery market. Further, increasing utilization of number of commercial buses in various countries is also positively affecting the growth of the market.
For instance, China is considered to be far ahead from other countries in utilization of electric buses. According to the Institute of Education Sciences (IES), China has more than 421,000 electric buses in different cities of China with around a rate of circulation of 9,500 buses every 5 weeks. In 2018, nearly 99% of e-buses in circulation across the globe were situated in China that had decreased the demand for barrels of diesel by more than 270,000 barrels at the end of 2019. In addition to this, the constant advancements made to improve the battery charging stations in various economies is also likely to positively impact the global car battery charger market. Not just this, the novel concept of portable car battery chargers is also propelling the charging of car batteries anywhere and can be specifically in case of an emergency.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Charging Type
- By Charger Type
- By Vehicle Type
- By Battery Capacity
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Robert Bosch GmbH, CTEK Holding AB, and Aptiv plc, among others.
A full report is available at: https://orionmarketreports.com/global-car-battery-charger-market/102695/
Global Car Battery Charger Market Report by Segment
By Charging Type
- Manual
- Automatic
By Charger Type
- Smart
- Float
- Trickle
By Vehicle Type
- Car Battey Charger
- Electric Car Battery Charger
By Battery Capacity
- 12V
- 12V-48V
- Above 48V
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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