A travel adapter is a device that allows the device from one country to be plugged into the wall outlet of other countries. The growing number of international travelers is expected to drive the growth of the travel adapter market. The travel adapter market is highly fragmented in nature, with the presence of many global and regional players operating in the market.
MARKET SCOPE
The "Global Travel Adapter Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the travel adapter market with detailed market segmentation by type, distribution channel, and geography. The report provides key statistics on the market status of the leading travel adapter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global travel adapter market is segmented into 3-pin, 2-pin, and others.
- On the basis of distribution channel, the market is segmented into online and offline.
MARKET DYNAMICS
Drivers:
- The increasing number of international travelers and the increasing adoption of various consumer electronics devices are the major factors supporting the travel adapters market's growth.
- The travel adapter market is price sensitive as companies operating in the market are focusing on offering travel adapter at competitive prices.
Restraints:
- The presence of counterfeited products in the market might hinder the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The travel adapter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the travel adapter market in these regions.
IMPACT OF COVID-19 ON TRAVEL ADAPTER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the travel adapter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from travel adapter market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the travel adapter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Apple Inc.
- Havells India Ltd
- Ceptics
- BESTEK
- Panasonic
- SAMSUNG
- SKROSS
- Targus
- TRAVEL-BLUE.COM
- Epicka