USB Hubs Market Size, Share, Growth, And Industry Analysis by Type (USB 3.0 Hub, USB 2.0 Hub, Type-C Hub) by Application (Computer Desk Lamp, Coolers, U Disk, Recording Pen, Digital Cameras, Phone, MP3 & Other), Regional Forecast To 2031

Updated On: 08 April 2024

USB Hubs Market Report Overview

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The global USB hubs market size was USD 647.2 million in 2021 and is projected to touch USD 1249.54 million by 2031, exhibiting a CAGR of 6.8% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the USB hubs market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A USB hub is a device that expands the number of USB ports available on a computer or other USB-enabled device. It allows multiple USB devices to be connected to a single port, providing additional ports for peripherals such as keyboards, mice, printers, and external hard drives. USB hubs come in various sizes and configurations, ranging from small, portable hubs with four or fewer ports to larger, desktop hubs with 10 or more ports. Some USB hubs also offer additional features such as charging ports for mobile devices, Ethernet ports for internet connectivity, and built-in card readers. USB hubs are a convenient and cost-effective solution for users who need to connect multiple USB devices to their computer.

The USB hubs market size is growing due to the increasing demand for connectivity and the proliferation of USB-enabled devices. As more and more devices become USB-compatible, the need for additional USB ports has become a common issue for many users. In addition, the rise of remote work and online learning has led to an increased reliance on peripherals such as webcams and microphones, which require USB connectivity. The trend towards smaller and more portable devices, such as laptops and tablets, has also fueled demand for compact and lightweight USB hubs that can be easily carried around. As a result, the market for USB hubs is expected to continue to grow in the coming years.

COVID-19 Impact: The Pandemic Has Caused Disruptions In The Worldwide Supply Chain And Industrial Operations, Resulting In Some Production Delays

The COVID-19 pandemic has had a significant impact on the market for USB hubs. With many people now working from home or studying remotely, the demand for USB hubs has surged as users seek to connect multiple devices to their computers. Additionally, the closure of many physical stores has led to an increase in online shopping, including for USB hubs. However, the pandemic has also led to disruptions in the global supply chain and manufacturing processes, causing some delays in production and delivery of USB hubs. The closure of factories and the shortage of raw materials have also led to increased production costs and reduced profit margins for some manufacturers. Overall, while the COVID-19 pandemic has presented challenges to the USB hub market, it has also created new opportunities for growth and innovation in the industry. 

Latest Trends

"The Rising Demand For Hubs With USB-C Ports Is One Market Trend For USB Hubs"

One trend in the market for USB hubs is the increasing popularity of hubs with USB-C ports. With the USB-C becoming the new standard for charging and data transfer, many leading manufacturers are now launching USB hubs that feature multiple USB-C ports, providing users with more flexibility and compatibility with the latest devices. New products also include USB hubs with built-in wireless chargers, enabling users to charge their phones or other devices without the need for cables. Leading players in the market such as Anker, Belkin, and HooToo are investing in research and development to create more innovative and feature-packed USB hubs. These companies are also focused on improving their online presence and distribution channels to reach a wider customer base and strengthen their market position. 

USB Hubs Market SEGMENTATION

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• By type

Depending on USB hubs given are types: USB 3.0 Hub, USB 2.0 Hub, Type-C Hub. The USB 3.0 Hub type will capture the maximum market share through 2031.

• By Application

The market is divided into Computer Desk Lamp, Coolers, U Disk, Recording Pen, Digital Cameras, Phone, MP3 & Other based on application. The global USB hubs market  players in cover segment like Computer Desk Lamp will dominate the market share during 2031.

Driving Factors

"The Growing Need For Connectivity And Ease In Today's Fast-Paced And Digital World Is One Reason Fueling The Need For USB Hubs"

One driving factor boosting the USB hubs market growth is the increasing need for connectivity and convenience in today's fast-paced and digital world. As more and more devices become USB-enabled, users are seeking ways to connect them all to their computers or other devices. USB hubs provide an easy and efficient way to expand the number of available USB ports, enabling users to connect multiple devices simultaneously. The rise of remote work, online learning, and video conferencing has also led to a surge in demand for USB hubs with additional features, such as HDMI ports and Ethernet connectivity. With many people now working from home and relying heavily on technology, USB hubs have become an essential accessory for many users, driving the growth of the market.

"The Development Of Smaller, More Portable Devices Like Laptops And Tablets Is Another Factor Propelling The Demand For USB Hubs"

Another driving factor boosting the demand for USB hubs is the trend towards smaller and more portable devices such as laptops and tablets. These devices often come with a limited number of built-in USB ports, which can be a significant inconvenience for users who need to connect multiple peripherals simultaneously. As a result, there is an increasing demand for compact and lightweight USB hubs that can be easily carried around and provide additional USB ports. The growing popularity of USB-C ports, which are smaller and more versatile than traditional USB ports, is also driving demand for USB hubs that feature multiple USB-C ports. As people become increasingly mobile and rely more on portable devices, USB hubs are becoming an essential accessory that allows them to connect and use multiple devices on the go, driving the USB hubs market growth.

Restraining Factors

"The Growing Use Of Wireless Technology Is One Reason That Can Limit The Growth Of The USB Hub Industry"

One factor that could potentially restrain the USB hubs market growth is the increasing adoption of wireless technologies. As wireless technologies such as Bluetooth and Wi-Fi become more ubiquitous, some users may prefer to use wireless peripherals instead of USB-enabled devices, reducing the need for USB hubs. In addition, some newer devices such as Apple's MacBook laptops and iPad tablets only feature USB-C ports, which eliminates the need for traditional USB hubs for users who exclusively use USB-C devices. However, this trend is still in its early stages, and many users continue to rely heavily on USB-enabled devices. Furthermore, USB hubs are still essential for users who need to connect older devices that lack wireless connectivity, ensuring that the demand for USB hubs remains strong for the foreseeable future.

USB Hubs Market Regional Insights

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"North America Is Anticipated To Continue To Dominate The Market For USB Hubs In The Upcoming Years"

The North American region is one of the leading regions in the USB hub market and is expected to continue to grow at a significant rate. The region's growth can be attributed to several factors, including the increasing demand for USB hubs from the rising trend of remote work and online learning. Additionally, the high adoption of advanced technologies and devices in North America has led to a surge in demand for USB hubs with innovative features and compatibility with the latest devices. The presence of several leading USB hub manufacturers in the region has also contributed to the growth of the USB hubs market share, as they continue to invest in research and development to create more advanced and feature-packed USB hubs. Overall, North America is expected to remain a leading region in the USB hub market in the coming years. 

Europe is another leading region in the USB hub market, holding the second-largest market share. The region's growth can be attributed to the increasing demand for USB hubs from the rising trend of remote work and online learning, as well as the increasing adoption of advanced technologies and devices. Furthermore, the growing trend of smart homes and smart cities has also led to a surge in demand for USB hubs with innovative features and compatibility with smart devices. The presence of several leading USB hub manufacturers in the region has also contributed to the growth of the market, as they continue to invest in research and development to create more advanced and feature-packed USB hubs. With the increasing adoption of advanced technologies in the region, Europe is expected to remain a significant player in the USB hubs market share in the coming years.

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

• Hasointech (South Korea)
• Glocom (Hong Kong)
• IOGEAR (U.S)
• Ekto (U.S)
• Macally (U.S)
• Ez-net (South Korea)
• Belkin (U.S)
• Orico (China)
• Anker (China)
• i-Rocks Technology (Taiwan)

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 like 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.