Electric Vehicle Charging Connector Market Procurement Intelligence Day One Analysis Report, 2020 - 2025
Category Overview
“Favorable government initiatives toward sustainable development and the rising demand for electric vehicles are aiding to the growth of EV charging connector market”
The rising demand for electric vehicles (CAGR ~20%) is driving the need for EV charging connectors (CAGR~19%). Moreover, the increasing efficiency of electric vehicles is expected to create a significant opportunity for market growth in near future.
EV charging connector suppliers are also positioning themselves for growth by collaborating with electric vehicle manufacturers. EV charging connector suppliers are also collaborating with regional players to benefit from their knowledge of the local market, and maintain high-profit margins, low overhead costs, and their overall competitiveness in the market. CHAdeMO, CCS, and AC Type 2 connectors are the most common and effective solutions in the current scenario with more than 80% market share.
However, DC fast charging connector segment has started to get more market share due to its fast-charging capability. With the growing requirement for EV charging infrastructure (CAGR ~32%) associated components, suppliers are finding newer sourcing and procurement methods for optimizing the cost of manufacturing, reducing the volatility of obtaining raw materials, and improving profitability.
Supplier Intelligence
“The global EV charging connector market is fragmented, with strategic partnerships between large and mid-sized or small-sized companies to leverage their regional manufacturing capabilities.”
Leading EV charging connector suppliers are mostly manufacturing EV connectors for their in-house charging infrastructure development. Hence, the competition is particularly high among the smaller regional EV charging connector suppliers.
An increase in mergers and acquisitions, coupled with diffused customer concentration, has enabled EV charging connector suppliers to secure add-on offerings to realize growth in new geographies. The Asia Pacific region holds the highest share of the global EV charging connector market, thanks to China’s position as the leading sourcing destination due to its low-cost manufacturing. It is also the fastest-growing market, owing to the supportive policies of China's government and the development of China as the global EV charging infrastructure hub.
View report summary: Electric Vehicle Charging Connector Market Procurement Intelligence
Pricing and Cost Intelligence
“Raw material costs make up the bulk of the cost head (~11%). The total cost of ownership is significantly influenced by the cost of integrating the charger with the charging station infrastructure.”
Raw materials, energy, and labor are three major cost components (~60%) of EV charging connector manufacturing. In most cases, the EV charging connector body is made of thermoplastic and it holds the highest share (20%) among raw materials.
The electric vehicle charging connector market procurement intelligence report provides a detailed analysis of the cost structure along with the prevalent pricing models that prominent suppliers in the market opt for.
Check out the featured Supplier Methodology offered with Electric Vehicle Charging Connector Market Procurement Intelligence Report:
Supplier Screening Criteria
- Suppliers are identified through secondary research, industry articles, association reports, and government publications
- Basic details were captured to get more knowledge and insight for the suppliers identified
Finalizing Suppliers
Operational and functional capabilities are mapped by analyzing supplier product and service portfolio
Primary research was conducted to validate the information captured from secondary research
- Personnel contacted during the course of the report include:
- Suppliers
- Industry Experts
- Associations
- End Users using the products
Suppliers not offering EV charging connectors are listed under eliminated supplier list
Supplier Recommendation
- Each supplier finalized was benchmarked based on the capabilities being offered by them
- All the capabilities mapped were assigned weightage as per category standards
- Rankings was ascertained based on the weightage provided and suppliers are recommended accordingly
Operational Capabilities - Weightage
Years in Service 15%
Geographical Service Presence 25%
Employee Strength 5%
Revenue Generated 7%
Key Industries Served 34%
Key Clients 5%
Certifications 9%
Functional Capabilities - Weightage
Socket Type 35%
- CHAdeMO
- GB/T
- Combined Charging System (CCS)
- Others
Charging Locations 15%
- Individual house
- Collective building
- Corporate
- Public
Charging Time and Electricity Consumption50%
- Low
- Medium
- High
About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving - market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
- Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Find More information @ https://www.grandviewresearch.com/pipeline
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Comments
Post a Comment