Magnetic Charging Cable Market Size, Share, Trends, Growth, and Revenue Projections by 2031 - Digital Journal
Smartphones have now become a prerequisite of modern living. At a gathering we can find 4 out of 5 people on their smartphone then be it for streaming TV shows, internet surfing, texting etc. Since, the last decade the market penetration for smartphones has grown to almost 70% globally and in parallel, the demand for its accessories. Further, the technological advancements has made possible for new magnetic charging cables to perform well in terms of fast charging, quick data transfer, etc. Also, the Nylon braided material eradicates the overheating problem. The millennial generation being tech-savvy, are much more attracted to technological advancements such as magnetic charging cable which can create a vast market in near future. The covid-19 outbreak has resulted in a current economic slowdown. The change in consumer buying behavior has drastically impacted the magnetic charging cable market growth. Customers switched from brick-and-mortar stores to online shops affecting the sa...