According to a new report published by KD Market Insights, titled, “Docking Station Market Insights, Trends, Opportunity & Forecast, 2021–2026,” the global docking station market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2026. Docking stations are expected to witness robust growth owing to the advantages and multi-functional properties offered by them such as clean, clutter-free workspace, space-saving, audio input and output, ranging USB ports and Ethernet connectivity.
The growing number of office spaces, the rising utilization of portable devices among consumers, the rapid digitalization and the growing IT industries across the globe creating huge demand for computers and accessories are the major factors boosting the demand for docking stations. Moreover, factors such as the increasing adoption of docking stations for adding enhanced features and functionality to modern laptops, the growing trend for portable workstations and BYOD and the increasing number of technological advancements in docking stations by key players are further expected to significantly contribute towards the growth of the market during the forecast period.
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The North American region is projected to capture a large market share of the docking station market over the forecast period. The market value of North America docking station market is anticipated to rise at a CAGR of more than 4.0% over the projected period.
According to type, the laptop docking station segment held the largest market share in 2020. Further, this segment is expected to be the most attractive market in the global docking station market over the forecast period and is projected to open new avenues for the market players during the forecast period.
The global docking station market is segmented into type, end-user, connectivity, display supported, price range, distribution channel and region. Based on type, the market is bifurcated into laptop docking station, HDD docking station and others. Based on end-user, it is classified into business, household, government and other. Based on connectivity, it is classified into USB 3.0, USB C, WiGig, Thunderbolt 2, Thunderbolt 3 and others. Based on display supported, it is classified into one, two and more than two. Based on price range, it is classified into high, medium and low. Based on distribution channel, it is classified into online stores and offline stores.
The global docking station market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Docking Station Market
- On the basis of type, the laptop docking station segment held the largest market share in the docking station market in 2020. Further, this segment is expected to be the most attractive market in the global docking station market over the forecast period.
- On the basis of region, North America is projected to capture a large market share of the docking station market over the forecast period. The market value of North America docking station market is anticipated to rise at a CAGR of more than 4.0% over the projected period.
Some of the major docking station companies profiled in the report include Apple Inc., StarTech.com, Dell Technologies Inc., HP Development Company, Samsung Group, ACCO Brands Corp, Lenovo Group Ltd., Plugable Technologies, Toshiba Corp. and The Targus Corp.
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