Global Manual Car Charger Market, By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), End User (Residential, Commercial), Charging Type (On-Board Chargers, Off-Board Chargers) - Industry Trends and Forecast to 2031.
Manual Car Charger Market Analysis and Size
An electric vehicle (EV) charger charges electric vehicles with a battery and an electrical source that helps to charge the battery. Charging of such vehicles is achieved through various levels of charging, that is, level 1, level 2, and level 3. The cost in addition to the maintenance cost of electric vehicles is lower compared to conventional petrol/diesel cars. It typically consists of an input power connector, a power conversion unit, control electronics, and an output connector compatible with the charging port of the EV.
Data Bridge Market Research analyzes that the global manual car charger market is expected to reach USD 12.44 billion by 2031, from USD 10.29 billion in 2023, and is expected to undergo a CAGR of 2.4% during the forecast period of 2024 to 2031. “Battery Electric Vehicle (BEV)” dominates the service segment of the market due to demand from growing markets. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), End User (Residential, Commercial), Charging Type (On-Board Chargers, Off-Board Chargers)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Delphi Technologies PLC (U.K.), ChargePoint, Inc. (U.S.), ABB (Switzerland), Siemens (Germany), Pod Point (U.K.), Schaffner Holding AG (Switzerland), Robert Bosch GmbH (Germany), Chroma ATE Inc. (Taiwan), Chargemaster (U.K.), AeroVironment, Inc. (U.S.)
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Market Opportunities
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Market Definition
An manual car charger is a device that supplies the required electrical energy to recharge an electric battery of the vehicle. It is a crucial part of the infrastructure for charging electric vehicles and enables recharging of vehicles at home, at work, or in public areas such as charging stations or parking lots.
Global Manual Car Charger Market Dynamics
Drivers
- Stringent Government Regulations to Limit Environmental Pollution
The conventional gas-powered vehicle makes use of an internal combustion engine to generate power. In an ideal scenario, the combustion system completely incinerates the fuel and emits carbon dioxide and water as waste; however, the combustion system generates various greenhouse gases, leading to environmental pollution. However, an electric vehicle uses an electric motor powered via a continuous supply of current, therefore, it does not lead to emission of pollutants. This is a major factor driving the market growth.
Opportunity
- Surge in Demand for Luxurious and Feature-Enabled Vehicles
There is a significant increase in consumer interest and purchasing preferences toward high-end vehicles that offer advanced features, technology, and luxury amenities. Luxurious vehicles provide integration of state-of-the-art technologies, including advanced infotainment systems, driver-assistance features, premium audio systems, and the use of high-quality materials and superior craftsmanship. These vehicles provide an elevated level of comfort, aesthetics, and prestige that surpasses standard vehicles. Moreover, manufacturers and automakers are responding to this surge in demand by introducing new models and variants that cater to the luxury segment.
Restraint/Challenge
- Limited number of EV charging stations
Establishing a robust charging infrastructure network necessitates substantial investments and a considerable amount of time. The installation of charging stations entails intricate procedures such as acquiring permits, identifying appropriate locations, and ensuring access to reliable electrical grids. Given the relatively recent acceleration in the adoption of electric vehicles, the development of charging infrastructure still strives to meet the increase in demand. Insufficient availability of charging stations may impede the widespread adoption of electric vehicles.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In January 2023, ABB expanded its production of EV chargers in South Carolina. This significantly reduces delivery and lead times for DC fast chargers in the US, enabling charging developers, owners, and operators to deploy reliable chargers rapidly
- In January 2023, ChargePoint, Inc. signed an agreement with Stem, one of the global leaders in AI-driven clean energy solutions and services to accelerate the deployment of EV charging and battery storage solutions for highway corridor DC fast charging and other EV charging applications
Global Manual Car Charger Market Scope
The manual car charger market is segmented on the basis of vehicle type, end user, and charging type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle Type
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV))
End User
- Residential
- Commercial
Charging Type
- On-Board Chargers
- Off-Board Chargers
Global Manual Car Charger Market Region Analysis/Insights
The manual car charger market is analyzed and market size insights and trends are provided by country, vehicle type, end user, and charging type as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America is expected to dominate the market due to North America being home to renowned research institutions, universities, and technology companies that conduct cutting-edge research. This strong R&D ecosystem fosters innovation and drives advancements in Manual Car Charger circuits.
Asia-Pacific is expected to be fastest-growing country in the market due to the Asia-Pacific region having a large and rapidly growing population, along with a significant increase in industrial manufacturing. This drives the demand for warehouses, which can benefit from the use of manual car charger.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Manual Car Charger Market Share Analysis
The manual car charger market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the manual car charger market.
Some of the major players operating in the manual car charger market are:
- Delphi Technologies PLC (U.K.)
- ChargePoint, Inc. (U.S.)
- ABB (Switzerland)
- Siemens (Germany)
- Pod Point (U.K.)
- Schaffner Holding AG (Switzerland)
- Robert Bosch GmbH (Germany)
- Chroma ATE Inc. (Taiwan)
- Chargemaster (U.K.)
- AeroVironment, Inc. (U.S.)
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