Automatic Charging is pegged to be the Most Prominent Charging Type Segment in the Car Battery Chargers Market
Automatic charging is mainly preferred by car owners for personal use, i.e. to charge their car batteries at home or during an emergency. Chargers such as float chargers and smart chargers provide automatic charging, i.e. they automatically shut off when the battery is fully charged. For personal use, few trickle chargers also provide automatic charging, i.e. they automatically switch between charging mode and float mode monitoring.
Electric car owners mainly use automatic charging to charge their batteries. The automatic charging segment is dominant in Europe, Japan and the U.S. The automatic car battery chargers segment is estimated to continue leading the car battery chargers market, growing at a CAGR of 7.3% in terms of value during the forecast period.
The demand for manual car battery chargers is growing at a relatively slow pace as compared to automatic car battery chargers. The market size for manual car battery chargers is projected to reach more than US$ 500 Mn by 2027 in the car battery chargers market. Attributing to the high cost of automatic charging, manual charging still dominates the markets in Asia Pacific (excluding Japan) and Middle East & Africa regions.
Electric Car Battery Chargers are estimated to dominate the Car Battery Chargers Market in terms of Value
Electric car battery chargers are only used for the charging of electric car batteries. The operation and functioning of electric car battery chargers are different and more complex when compared with car battery chargers. Electric car battery chargers are available in the market as public charging stations and for home charging.
Electric car battery chargers are costlier than car battery chargers. Therefore, in terms of value, the electric car battery charger segment held more than 70% of the share in 2017, whereas in terms of volume, the sales of car battery chargers is much higher than that of electric car battery chargers.
Portable Chargers is pegged to be the Most Lucrative Segment in the Car Battery Chargers Market
Portable car battery chargers can charge car batteries anywhere and can be used to jump start the battery by charging it enough to get the car going again in case of an emergency. Portable chargers are mainly used for conventional cars but electric cars also use portable car battery chargers.
The portable chargers available in the market are small and compact in size and hence, consumers can carry them anywhere. This makes portable car battery chargers the most attractive segment in the car battery chargers market. The portable car battery chargers segment is estimated to grow at a CAGR of 6.9% in the car battery chargers market during the forecast period.
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The competitive landscape section of the car battery chargers market delivers the most insightful information regarding the key market players, their relative global position and business strategies. In addition, a comprehensive view of the product portfolios, recent innovation and business expansion strategy adopted by key market players in the car battery chargers market is provided.
The manufacturers in the car battery chargers market are focusing on strategic developments such as product launches, expansion, collaborations and acquisitions. For instance, in 2016, Robert Bosch GmbH introduced new product lines, namely SmartCharge Pro, SmartCharge Plus, and SmartCharge. The new range of smart charger products covers applications such as cars, motorcycles, ATVs, boats, delivery vehicles and snowmobiles.
In 2015, Ctek Holding AB signed a technological collaboration agreement with WiTricity Corporation to commercialize wireless charging technology for batteries. In 2016, Clore Automotive LLC launched two products including PRO-LOGIX 2A x 4 and Jump-N-Carry Commercial Grade Booster Cable series. PRO-LOGIX 2A x 4 is a battery charger that can charge up to four batteries at once.
Some of the key players operating in car battery chargers market include CTEK Holding AB, Delphi Automotive, Schumacher Electric Corporation, Clore Automotive LLC, Baccus Global LLC, Robert Bosch GmbH, Current Ways Inc., AeroVironment, Inc., IES Synergy and Chargemaster Plc.
About the Report
FMI published an exclusive forecast report for the car battery chargers market between 2017 and 2027. The foremost objective of this report on the car battery chargers market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements. Also, the study on the car battery chargers market addresses key dynamics, which are expected to diversify the sales and future prominence of car battery chargers.
The report on the car battery chargers market starts off with an executive overview in which a product definition is provided. The report further proceeds with the taxonomy of the car battery chargers market, elaborating on the key segments.
The report outlines visionary insights on the dynamics such as drivers, restraints, opportunities and trends value chain analysis and pricing analysis. Value chain analysis and pricing analysis of the car battery chargers market have also been included in the report to help readers clearly understand the product framework map in the car battery chargers market.
The car battery chargers market has been analyzed with respect to segments by charging type, charger type, portability, battery capacity, product type, application and region. The charging type, the market segments include manual and automatic charging. By charger type, the market has been segmented into smart, float, and trickle charger.
By product type, the market can be segmented into car battery charger and electric car battery charger. On the basis of portability, the market can be segmented into plug-in and portable chargers.
By battery capacity, the car battery chargers market can be segmented into 12V, 12V-48V, and above 48V. On the basis of application, the car battery chargers market has been segmented into garage and personal use.
From a regional perspective, the car battery chargers market has been evaluated across primary regions such as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA).
Additional Questions Answered
The report also provides answers to other important questions related to the car battery chargers market, such as,
- Why is the sales of automatic car battery chargers outpacing that of manual car battery chargers?
- How many units of smart car battery chargers will be sold by 2027-end?
- Which battery capacity will hold the largest volume share in the car battery chargers market?
- At what rate is the sales of electric car battery chargers expected to grow during the forecast period?
- What will be the growth rate of the car battery chargers market in North America?
The report offers an in-depth assessment on the car battery chargers market, which is based on a tested & proven research methodology that involves comprehensive primary and secondary research approaches. Data collected on the car battery chargers market goes through several validation funnels, examination and re-examination, prior to its inclusion in the report.
Credibility of the statistics evaluated and data acquired on the car battery chargers market bases itself on the unique nature of FMI’s research methodology, which claims greater accuracy and provision of authentic data. Intelligence obtained from opinion leaders and industry experts in the car battery chargers market has been extrapolated and contemplation of the data has allowed analysts to develop this analytic and insightful report on the car battery chargers market.
Key Segments Covered in Car Battery Chargers Market Report:
On the basis of charging type, the car battery chargers market can be segmented into:
- Manual Charging
- Automatic Charging
On the basis of charger type, the car battery chargers market can be segmented into:
- Smart/Intelligent Charger
- Float Charger
- Trickle Charger
On the basis of portability, the car battery chargers market can be segmented into:
- Plug-In Charger
- Portable Charger
On the basis of battery capacity, the car battery chargers market can be segmented into:
- Up to 12V
- Above 48V
On the basis of product type, the car battery chargers market can be segmented into:
- Car Battery Charger
- Electric Car Battery Charger
On the basis of application, the car battery chargers market can be segmented into:
- Personal Use
On the basis of region, the car battery chargersmarket can be segmented into:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)