According to the iResearch Report, the size of the mobile device charging service market in China was RMB9.0 billion in 2020, and is expected to grow to RMB106.3 billion in 2028, representing a compound annual growth rate, or CAGR, of 36.2% from 2020 to 2028.
What is sharing power bank business?
Sharing power bank rental is a new concept in charging your mobile phone on the go. Various cafes, restaurants and other businesses struggle to offer mobile phone charging facilities to their customers.
Sharing power bank rental systems offer a phone charging station in complete with a sophisticated rental app that allows user to locate and rent a power bank and keep it for as long as they like without being attached to a wall socket.It is simple and easy to use and benefits to both owner and end user.
The trend of sharing power bank business?
Size of Mobile Device Charging Service Market in China(billion RMB)
Compared to the booming market and mature technology in China, countries other than China are still awaiting to be developed. With huge opportunities hiding in this blue ocean, many start-ups from USA, Canada, Norway, Denmark, Sweden, Italy, Belgium, Brazil, Malaysia, Singapore, India etc. have already entered into this business. There are around 200 companies have been deploying their power bank stations into their local market.
People who have downloaded the chargenow! app will be able to locate your business location and pay you a visit while renting a power bank. This inevitably will expose your business outlet to more people which eventually will increase the number of your regular customers.