(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Docking Stations Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Docking Stations Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Global docking station market reached USD 1,268.7 Million in 2016 and is expected to reach USD 1,867.4 Million by the end of 2024, expanding at a CAGR of 5.2% over the forecast period i.e. 2017-2024. Moreover, the growth of docking station market is attributed to the expansion of IT industries and digitalization of business across the globe.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
North America is slated to account for a leading share of 37.5% in the terms of revenue by 2024 in the docking station market. The growth in the region is anticipated to be fostered by the high adoption rate of computer peripherals in the region. Besides, high utilization of docking station in commercial companies is also expected to impel the growth of docking station market in the North America region.
Likely, U.S. the prominent market in the region. Asia Pacific is expected to showcase substantial growth over the forecast period i.e. 2017-2024 by registering a CAGR of 7.3% over the forecast period. Further, the market is expected to account for USD 613.2 Million by 2024 from USD 356.5 Million in 2016. Global docking station market is segmented on the basis of product into laptop docks, hard drive docks and mobile device docks. Laptop docking station (71.0% share in 2016) occupies the largest market of docking station across the globe. Further, global laptop docking station market is anticipated to reach USD 1,341.9 Million by the end of 2024 from USD 900.9 Million in 2016.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
In addition to this, global docking station market is segmented into technology and application. The technology segment is further segmented into wired and wireless, out of which, wired docking station segment with 73.1% market share is anticipated to have largest share by the end of 2024. Application segment is further sub-segmented into residential and commercial, out of which, commercial segment with 83.3% share is anticipated to have the largest share by 2024. Additionally, commercial docking station segment accounted for USD 1,056.2 Million in 2016 and is forecasted to reach USD 1,536.9 Million by the end of 2024.
Business Questions answer by the report
- How will the market drivers, restraints and opportunities affect the market dynamics?
- What will be the market size in terms of value and volume and market statistics with detailed classification?
- Which segment dominates the market or region and one will be the fastest growing and why?
- A comprehensive survey of the competitive landscape and the market participant players
- Analysis of strategy adopted by the key player and their impact on other players.
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- Detailed segment analysis.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”
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