Magnetically coupled resonant wireless power transfer (MCR‐WPT) system with constant power load (CPL), finds extensive applications in military, industrial, and medical treatment. However, this system can easily exhibit complex non‐linear behaviors under certain parameter conditions due to the influences of constant power loads, switching devices, and feedback controllers. These behaviors limit the effectiveness of controllers and reduce the efficiency and stability of the system. It is necessary to study the non‐linear characteristics of the MCR‐WPT system with CPL. The stroboscopic discrete mapping of the MCR‐WPT system with CPL is established. Then the system's non‐linear dynamics are analyzed theoretically using a bifurcation diagram, the maximal Floquet multipliers, and the maximal Lyapunov exponent spectrum obtained from the proposed discrete mapping. The results show that the MCR‐WPT system with CPL will exhibit rich non‐linear dynamics with the variation of the power of CPL, such as cyclic fold bifurcation, Neimark–Scaker bifurcation, border collision bifurcations, chaos, etc. The excellent alignment of experimental and theoretical outcomes in corresponding states confirms the accuracy of the proposed discrete mapping and the nonlinear analysis of the system. The results of this study can provide a reference for selecting parameters for an actual MCR‐WPT system with CPL.