A jump starter is used to boost a discharged or dead battery of a vehicle by connecting with external power sources. Once the vehicle is started, its regular charging system rejuvenates and the auxiliary source can be removed. An increasing number of the aging vehicle paired with the rise in accidental discharge of battery is increasing the demand for carrying jumper cable and fueling automotive jump starter market.
MARKET SCOPE
The "Global Automotive Jump Starter Market Analysis to 2028" is a specialized and in-depth study of the Automotive Jump Starter market with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Jump Starter market with detailed market segmentation by product type, battery type and Vehicle Type, and geography. The global Automotive Jump Starter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Jump Starter market players and offers key trends and opportunities in the Automotive Jump Starter market.
MARKET SEGMENTATION
- Based on product type, the market is segmented as jump boxes and plug-in units
- On the basis of the battery type the market is segmented into lithium ion battery and lead acid battery
- Based on vehicle type, the market is segmented as passenger cars, LCVs, and MCVs and HCVs.
MARKET DYNAMICS
Drivers:
- rapid increase in the automobile sales, excessive use of vehicles, protection against current overload, and a reverse impact of overcharging
- Increasing demand for automated transmission and growing trend for engine downsizing
- Lighter weight, the smaller size of Lithium-ion battery, and advancement in safety features
Restraint -
- use of the jump starter is limited to professional use due to the accidental cause,
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive Jump Starter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Automotive Jump Starter market in these regions.
IMPACT OF COVID-19ON AUTOMOTIVE JUMP STARTER MARKET
COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the automotive and transportation industry, including Automotive Jump Starter manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Jump Starter suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Jump Starter are one of the vital components of automobile vehicles, the market of Automotive Jump Starter is expected to regain momentum. Moreover, the rise in demand of electric vehicles in spite of the pandemic, is driving the growth of Automotive Jump Starter.
MARKET PLAYERS
The reports cover key developments in the Automotive Jump Starter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Automotive Jump Starter market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Jump Starter market. Below mentioned is the list of few companies engaged in the Automotive Jump Starter market.
The report also includes the profiles of key Automotive Jump Starter market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Antigravity Batteries LLC
- Boltpower
- Clore Automotive
- Guangdong Bestek E-Commerce Co., Ltd
- PARIS CORPORATION
- Schumacher Electric Corporation
- Shenzhen CARKU Technology Co., Ltd
- Shenzhen Kayo Maxtar Battery Limited
- Stanley Black & Decker, Inc.
- Tacklife