CHARGING LOCKERS MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global charging lockers market size was USD 151.21 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with charging lockers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 357.8 million in 2027, exhibiting a CAGR of 15.44% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Comparable to a standing locker or a trolley that may store and charge your electronics, charging lockers are available in public spaces. These cutting-edge lockers are designed to accommodate people's charging needs while on the road without having to bring a power bank. The charging lockers are typically located in public locations such as malls, schools, gyms, and many other locations. Due to the fact that charging stations for individual devices can take up a lot of room, particularly in educational facilities, these lockers are also helpful in terms of space savings. These lockers allow you to charge several devices, and in addition to offering you charging stations, they also let you store your devices safely.
Many common and smart technologies are present today and occasionally need to be constantly charged. Since the widespread use of smartphones and laptops has quickly brought the entire community under their sway, the market for charging lockers is expanding. This is due to these smart devices require their batteries to be maintained correctly. The expansion of other electronics industries has also impacted the market for charging-lockers. The demand for these lockers has increased dramatically worldwide in tandem with the development of the electronic market and the widespread use of smart charged gadgets. The new addition of technology is also expected to propel the charging lockers market growth.
COVID-19 Impact: Halt In Production Impedes Market Progress
The abrupt emergence of the COVID-19 virus has impacted the entire world since the year 2020 began. Due to strict lockdown regulations, the worldwide supply chain was severely disrupted, raw materials couldn't be supplied, and labor was in short supply, resulting in a loss of revenue in various markets worldwide. These elements caused significant economic losses for numerous nations. As a direct result of the tight lockdown, the production of the charging-lockers had to cease. Moreover, closing public places such as malls and schools also lowered the demand for the product, which impeded the growth of the charging lockers market.
Latest Trends
"Inclusion Of Wireless Stations Leads To Market Development "
It has been predicted that developing wireless charging lockers will drive the market to greater success. The inclusion of wireless charging locker pods will allow customers to charge quickly and easily without worrying about getting their devices tangled up in wires. Companies can lower the price of charging-lockers by doing away with external wires. Wireless options offer more inductive charging solutions in the market for charging-lockers since they support charging for multiple devices rather than just one particular device. The sector is moving forward thanks to the investments made by many market participants in wireless charging alternatives for lockers.
CHARGING LOCKERS MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type Analysis
According to type, the market can be segmented into cell phone charging lockers, laptop charging lockers, and multipurpose charging lockers. Cell phone charging lockers segment is anticipated to lead the market during the forecast years.
- By Application Analysis
Based on application, the market can be divided into enterprise, shopping mall, school, and other. Enterprise segment is expected to rise rapidly during the market forecast years by application.
Driving Factors
"Increasing Utilization Of Electronic Devices Drives Market Growth"
The world's technology has become smarter due to the increasing digitalization occurring everywhere. The use of electronic and smart technologies has prompted people all over the world to adapt and customize their lifestyles. The market for charging lockers has grown as a result of the fact that most electronic devices require periodic recharging to guarantee good operation. The market is mostly driven by mobile or smart devices, such as laptops, tablets, and cell phones, among many others.
"Portability Of Lockers Facilitate Market Expansion"
The mobility of charging-lockers allows them to be transported to various locations in a public area. Regarding distributing and keeping electronic gadgets that need to be charged, trolley charging lockers are very useful in school facilities. For quick charging, while you wait for someone or watch a game, these lockers can be set anywhere in the hospital, sports complex, and public venues. Since these device-safe charging-lockers lock with a unique code that guarantees the highest protection of gadgets, the market is making progress.
Restraining Factors
"Lacking In Mobility And Performance Hampers Product Demand"
Although the charging stations have wheels to move around, the gadgets kept within the lockers still need to be plugged into an electrical outlet to charge, making them less portable and more fixed to one location. Despite market participants' claims that they can charge various sorts of gadgets, the performance problem with many devices has been a restraint on the charging-lockers market. Customers have noticed fewer electronic devices that can quickly charge, despite statements to the contrary. These charging-lockers need to be improved since they are still very new on the market. Technologies related to the market for charging lockers are developing, which could improve the industry over time.
CHARGING LOCKERS MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America Dominates Market Due To Adoption Of Innovative Technology"
The region of North America holds most of the charging lockers market shares. Due to the increasing acceptance of digitization throughout the region and the development of North America's technological infrastructure, the charging-lockers market has experienced tremendous growth. Since electric vehicles need to be charged after a certain number of kilometers, the region's increasing use of electric vehicles has also spurred the market for charging-lockers.
After North America, Europe is second in line for holding sizable market shares for charging-lockers. Due to its research and development in the field of renewable energy, which is giving the market for charging-lockers more value, Europe has been in the lead compared to North America. The charging lockers market is expanding to include solar-powered energy, which is anticipated to help the market grow in the European region.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- ChargeTech (U.S.)
- Traka (United Kingdom)
- Bretford (U.S.)
- American Locker (U.S.)
- SYSPAL (United Kingdom)
- KwikBoost (U.S.)
- YS Locker (U.S.)
- Apex (U.S.)
- LocknCharge (U.S.)
- SafeCharge (Canada)
- Premier Lockers (United Kingdom)
- goCharge (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 151.21 Million in 2021 |
Market Size Value By |
US$ 357.8 Million by 2027 |
Growth Rate |
CAGR of 15.44% from 2021 to 2027 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the global charging lockers market expected to touch by 2027?
The global charging lockers market is expected to touch USD 357.8 million by 2027.
-
What CAGR is the charging lockers market expected to exhibit during 2021-2027?
The charging lockers market is expected to exhibit a CAGR of 15.44% over 2021-2027.
-
Which are the driving factors of the charging lockers market?
Increasing adaptation of electronic devices and portability of the lockers is one of the few factors that are driving the charging lockers market.
-
Which are the top companies operating in the charging lockers market?
ChargeTech (U.S.), Traka (United Kingdom), Bretford (U.S.), American Locker (U.S.), and SYSPAL (United Kingdom) are some of the notable key players of the charging lockers market.
