Global Magnetic Charging Cable Market Overview:
A mobile phone is merely as helpful as its battery capability, that is why an enormous priority is being placed on power banks and mobile phone chargers. one of each of the fastest-growing trends within the mobile phone business is that the use of magnetic charging cables. whereas several assume it simply for aesthetics instead of innovation, its wonderful style will end the utilization of standard charging cables within the close to future. In terms of practicality, magnetic charging cables and regular ones share a singular purpose: to charge your movable. within the style, however, magnetic charging cables are far more aesthetic than your ordinary charger by adding the foremost obvious component—a magnet. These innovative cables really involve 2 components in their design: a charger head and a cable. The magnet is what bridges the 2 along, permitting the detachable head to remain connected to your phone. whereas this might appear to be simply an associate degree addition for the lazy, it really protects your phone and your twine in various ways in which. By going away the electromagnet connected to your phone pin, it protects your phone’s internal charging pins from being bent, dirtied, or wet. other than this, it permits a safer use of your phone whereas charging—preventing the fraying from accidental pulls on your charger cord whereas it’s being employed.
- Increase in The Need for Fast Chargers
- Increase in The Need for Flexible and Durable Power Chargers
- Adoption of The Cables in The Developing Countries
- Fluctuating Price of Raw Materials
- Investments Made by Countries in Development of Magnetic Charging Cable
- Availability of Substitutes
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are SWASTIK PACKAGING (India), LN Utility Services Private Limited (India), Varsha Telecom (India), Elite Enterprise (United States), AGPTEK (Shenzhen Mambate Industry Development Co., Ltd) (China), FlashWire USA (United States), Chargeasap Company (Australia), TekDeals (United States), VOLTA (Australia), Apple, Inc. (United States) and HOCO (China). Additionally, following companies can also be profiled that are part of our coverage like Kanex Company (United States), E Smile Technology Pvt Ltd (India), Myra Digital India Private Limited (India) and Mobbymart Technology Private Limited (India). Analyst at AMA Research see Asian Vendors to retain maximum share of Global Magnetic Charging Cable market by 2026. Considering Market by Distribution Channel, the sub-segment i.e. Convenience stores will boost the Magnetic Charging Cable market. Considering Market by Pricing, the sub-segment i.e. Below USD10 will boost the Magnetic Charging Cable market. Considering Market by Cable Length, the sub-segment i.e. Below 0.5 Meters will boost the Magnetic Charging Cable market. Considering Market by Compatibility, the sub-segment i.e. IoS will boost the Magnetic Charging Cable market.
In November 2020, VOLTA, a manufacturer of magnetic charging cables, launched its VOLTA Spark, which is considered one of the most impressive charging cables and can be charged with 100W USB-C power. VOLTA cables are made of military-grade nylon, corrosion-resistant aluminum, or zinc conductor construction.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Magnetic Charging Cable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Magnetic Charging Cable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Magnetic Charging Cable, Suppliers and Distributors of Magnetic Charging Cable, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.