Power bank sharing has become popular for several reasons:
- It’s relatively easy to build and launch a power bank sharing business.
- There’s high demand for power bank sharing in large cities and especially in tourist destinations.
- Power bank sharing business owners don’t need to get permission from city governments as they do for car or scooter sharing.
- Power bank sharing services are cheap and beneficial for customers.
- Mobile apps make the process or renting a power bank automated and convenient.
- The market is far from saturated, and power bank sharing is a great opportunity right now.
This type of startup is relatively easy to set up, fund, and launch: it doesn’t require as much investment as, say, a car sharing service, and it’s easier and cheaper to maintain.
Power banks have become a great item for sharing: startups place stations around a city and cash in on the anxiety everyone has when their battery starts dying in the middle of the day.
Furthermore, the rising adoption of new smartphone technologies such as 5G, as well as increased smartphone usage intensity, are expected to drive up demand for power bank rental services.
Due to high smartphone usage hours and willingness to pay for power bank rental services, Millennials and Generation Z are key customers of power bank rental as a service. Furthermore, rising urbanization and an increase in the number of working youths are encouraging the rise of power bank renting as a service all over the world.
Based on the application, the market is bifurcated into Airports, Cafes & Restaurants, Bars & Clubs, Retail & Shopping Centers, and Commercial Spaces among others. The rental power bank industry has grown in response to the increased demand for compact electronic gadgets with rechargeable batteries, such as wireless earbuds, tablets, smartphones, and other smart devices.
As a result, the launching of power bank rental services across the cities and countries is expected to increase the market demand.
Post time: Dec-16-2022
