Global Automotive Auxiliary Power Sockets Market Growth 2024-2030

Global Automotive Auxiliary Power Sockets Market Growth 2024-2030

An automotive auxiliary power socket in an automobile was initially designed to power an electrically heated cigarette lighter, but became a de facto standard DC connector to supply electrical power for portable accessories used in or near an automobile directly from the vehicle's electrical system.

The global Automotive Auxiliary Power Sockets market size is projected to grow from US$ 1210.1 million in 2023 to US$ 1990.1 million in 2030; it is expected to grow at a CAGR of 7.4% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Auxiliary Power Sockets Industry Forecast” looks at past sales and reviews total world Automotive Auxiliary Power Sockets sales in 2023, providing a comprehensive analysis by region and market sector of projected Automotive Auxiliary Power Sockets sales for 2024 through 2030. With Automotive Auxiliary Power Sockets sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Auxiliary Power Sockets industry.

This Insight Report provides a comprehensive analysis of the global Automotive Auxiliary Power Sockets landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Auxiliary Power Sockets portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Auxiliary Power Sockets market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Auxiliary Power Sockets and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Auxiliary Power Sockets.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022. Growing demand for portable electronics such as smartphones, tablets, and GPS devices is one of the major drivers. Auxiliary power outlets are a common feature of contemporary vehicles due to the popularity of these gadgets and the consequent increase in customer demand for portable, reliable power. Another driver is the growing trend of consumers to spend more time in their cars, whether for long commutes or road trips. This has led to greater demand for in-car entertainment, communication and navigation systems, all of which require electricity. Auxiliary power outlets in vehicles allow drivers and passengers to stay connected and entertained on the road. The growing popularity of electric vehicles is one of the main obstacles. Although EVs often have multiple auxiliary power outlets so that users can charge their devices, as EVs become more popular and as conventional gasoline-powered vehicles become less popular, the need for auxiliary power outlets will eventually may be reduced. The growing acceptance of integrated entertainment systems in contemporary cars is another constraint. Many new cars today feature integrated entertainment systems that offer a variety of features, including built-in charging connections. Growing demand for electric vehicles (EVs) is one of the major opportunities. As more people switch to electric vehicles and the need for in-vehicle charging alternatives increases, the need for auxiliary power outlets is likely to increase. Manufacturers can use this opportunity to add multiple auxiliary power outlets to electric vehicles, allowing users to charge electronic devices and vehicles at the same time.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Auxiliary Power Sockets market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
12-Volt
6-Volt

Segmentation by application
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bestek
Novatek
Ugreen
EUGIZMO
Omaker
Aukey
SCOSCHE
ChargerWise
EasySMX
DURAELECT
ReVIVE
Dongguan Liushi Electronics
Shenzhen Everpower Electronics
Gem Manufacturing
Whitecap Industries
Allied Specialty
Berrien Buggy
Zooby Promotional Novelties
Hangzhou Tonny Electric & Tools
Pricol Technologie
Keboda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Auxiliary Power Sockets market?

What factors are driving Automotive Auxiliary Power Sockets market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Auxiliary Power Sockets market opportunities vary by end market size?

How does Automotive Auxiliary Power Sockets break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.