Jump Starter Market 2028 Share, Growth, Region Wise Analysis of Top Players, Application, Driver, Existing Trends
27 December 2019 - The Global Jump Starter
Market is expected to display
higher growth rate over the upcoming years. Rapid surge in the market is
credited to the rising demand from automotive sector and increasing number of
vehicle sales. Jump starters are typically used for lithium ion and lithium
acid battery types. Vehicle jump starter are frequently required in bad weather
conditions or instances where the driver or passenger is in a stranded area.
Vehicle jump starter assists in recharging the battery, by giving a boost to
the battery. Globally, market is predicted to generate massive revenue over
forecast period, providing numerous opportunities for industry participants to
invest in research and development of jump starters.
Rise
in the number of vehicle sales is the key market trend associated with jump
starter market over the forecast period. Typical application of automobiles
boosts a discharged or dead battery through a transient connection. The jump
starter is connected to an external power source via transient connection.
Additionally, jump starters also offer several advantages for lithium ion and
lithium acid batteries such as safety against current overload, reverse
connection and overcharging. These factors are expected to boost market demand
for jump starter over the coming years.
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Development
of light weight, compact and easy to use jump starters is anticipated to foster
the growth of jump starter market over the next seven years. The jump starter
comes with two distinct types such as jump boxes and plug-in units.
Furthermore, based on output voltage jump starters are separated into three
categories such as below 12 Volts, between 12 Volts and 24 Volts, and above 24
Volts.
The
market is broadly categorized into major segments based on the application type
such as residential sector, automotive industry, mechanic workshops
application, industrial application and marine application. Automotive segment
is growing rapidly in the jump starter industry with substantial revenue
generation in the last few years. Growing popularity of jump starter in
automotive segment is attributed to the rising number of vehicle sales and
growing production lines.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in implementation of latest technologies in automotive sector,
surge in number of research & development activities and existence of
well-established manufacturing infrastructure in the region. In European
region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific
region is estimated to hold a major share in the jump starter market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with strong economic growth, rising number
of vehicle sales, rising demand from upstream & downstream sector, and
significant investment by leading industry players considering potential growth
opportunities in the region.
Market Segment:
Leading players of Jump Starter
including:
•
COBRA
•
Stanley Black & Decker, Inc
•
Clore Automotive
•
Anker
•
BOLTPOWER
•
CARKU
•
China AGA
•
Newsmy
•
Shenzhen NianLun Electronic
•
KAYO MAXTAR
•
BESTEK
•
Ki-Power
Market split by Type, can be divided
into:
•
Lithium Ion
•
Lead-Acid
Market split by Application, can be
divided into:
•
Automotive
•
Motorcycle
•
Others
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