A camping power bank is a portable charger that is lightweight and durable. It can charge various electronic devices such as smartphones, tablets, laptops and power tools during camping, hiking, and other outdoor activities. Camping power banks provide an ideal solution for camping and adventure enthusiasts who want to stay connected while exploring nature. They come with capacities ranging from 5000mAh to 30000mAh and have multiple USB ports for simultaneous charging.
Their waterproof and dustproof casing ensures safety and longevity. The global camping power bank market is estimated to be valued at US$ 654.7 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
The increasing popularity of outdoor recreational activities among millennials and generation Z is driving the demand for portable power solutions. According to studies, over 50% of millennials enjoy spending time in nature through activities like camping, hiking and mountain biking. As smartphones become an integral part of everyday life, there is a growing need for reliable yet compact power sources during outdoor adventures away from access to electricity. Camping power banks meet this need excellently by providing long backup and easy portability. Their adoption is expected to rise significantly over the coming years, opening up new growth opportunities for players in this market.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate as the camping power bank industry requires high initial capital investments and R&D efforts to provide innovative features, designs and technologies. However, the moderate growth rate also provides opportunities.
Bargaining power of buyers: The bargaining power of buyers is high as camping power banks are increasingly becoming commodity products with minimal differentiation. Buyers can easily switch between brands based on price and other factors.
Bargaining power of suppliers: The bargaining power of suppliers is moderate since raw materials required for manufacturing power banks like lithium-ion batteries are available globally from many suppliers.
Threat of new substitutes: The threat of new substitutes is moderate as solar power banks and fuel cells provide alternatives but are not widely adopted yet due to higher costs.
Competitive rivalry: The competitive rivalry is high due to many global and local players competing on the basis of pricing, features and brand value.
SWOT Analysis
Strengths: Growing popularity of outdoor recreational activities. Rising disposable incomes. Innovations in battery technologies providing higher capacities.
Weaknesses: Limited differentiation between products. Dependence on rare earth materials supply chain disruptions. Vulnerability to technological obsolescence.
Opportunities: Expanding into different product categories under outdoor electronics. Emerging markets in Asia Pacific and Latin America yet to mature. Strategic partnerships and private labels for retailers.
Threats: Declining average selling prices impacting margins. Stringent environmental regulations for battery disposal. Possible substitution by alternatives like solar power banks. Increasing competition from Chinese manufacturers.
Key Takeaways
The global Camping Power Bank Market Growth is expected to witness high growth over the forecast period owing to rising outdoor recreation activities and increasing consumer preference for portable devices. Their waterproof and dustproof casing ensures safety and longevity. The global camping power bank market is estimated to be valued at US$ 654.7 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030.
Regional analysis shows that North America will continue to hold the largest share of the camping power bank market during the forecast period. This is attributed to high youth participation in outdoor recreational activities like camping, hiking, and adventure sports in countries like the US and Canada. However, the Asia Pacific region is anticipated to witness the highest growth during the forecast period. Developing countries like China, Japan and India are experiencing rising incomes and urbanization leading to increased consumer spending on outdoor leisure and equipment.
Key players operating in the camping power bank market are Monet Group, Tata Steel, Gulf Manganese Corporation Limited, Vale, Eurasian Resources Group, Ferroglobe, China Minmetals Group Co., Ltd., Eramet Group, South32, and OM Holdings Ltd. These players are focusing on capacity expansions and developing innovative battery chemistries to gain a competitive advantage.
For more insights, read- https://www.newsstatix.com/camping-power-banks-market-trends-size-and-share-analysis/
For more details on the report, Read- https://www.newsstatix.com/plant-based-meat-market-trends-size-and-share-analysis/
Promotional power banks are the electronics gadget.
It's very useful products in this world among the smartphone’s users to power their smartphones in a very short time.
In this report, our team offers a comprehensive analysis of Power Banks market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-power-banks-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Xtorm• HIPER• Romoss• MI• Pisen• Besiter• SCUD• Pineng• Yoobao• DX Power• Mili• Aigo• Powerocks• Mipow• Lepow• DBK• Koeok On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Li-ion Battery• Polymer Lithium-ion Battery By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Smart Phones• Tablets• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-power-banks-market-2020-2026 Table of Contents Global Power Banks Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Li-ion Battery1.3.2 Polymer Lithium-ion Battery1.4 Application Overview1.4.1 Smart Phones1.4.2 Tablets1.4.3 Others1.5 Industrial Chain1.5.1 Power Banks Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Li-ion Battery2.1.2 Polymer Lithium-ion Battery2.2 The Overall Market Performance(Value)2.2.1 Li-ion Battery2.2.2 Polymer Lithium-ion Battery 3 Global Power Banks Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Smart Phones3.3 Tablets3.4 Others 4 Competitive Analysis4.1 Xtorm4.1.1 Xtorm Profiles4.1.2 Xtorm Product Information4.1.3 Xtorm Power Banks Business Performance4.1.4 SWOT Analysis4.2 HIPER4.2.1 HIPER Profiles4.2.2 HIPER Product Information4.2.3 HIPER Power Banks Business Performance4.2.4 SWOT Analysis4.3 Romoss4.3.1 Romoss Profiles4.3.2 Romoss Product Information4.3.3 Romoss Power Banks Business Performance4.3.4 SWOT Analysis4.4 MI4.4.1 MI Profiles4.4.2 MI Product Information4.4.3 MI Power Banks Business Performance4.4.4 SWOT Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/electronics About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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