Portable Jump Starter Market Size, Share & Industry Analysis By Type (Lithium Ion Batteries, Lead Acid Batteries), By Application Type (Automobiles, Motorcycles, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Portable jump starters are used to boost the dead or discharged batteries of the vehicles by linking them with external energy sources. A provisional connection is set up to the batteries of external power sources or from the batteries of other vehicles. As soon as the vehicle starts, the external power source is detached and its regular charging system rejuvenates power in batteries which is required to crank the engine. If the charging systems of vehicles is functioning normally, the regular operation of the vehicles resumes the charging of the batteries. The automotive jump starter is known to a very handy device for the drivers in case they are in a stranded area and the batteries need to be charged or even in extreme weather conditions. The increase in the number of ageing vehicles coupled with the rise in the accidental discharge of batteries is creating high demand for automotive jump starter in the global market. The rapid growth in the sales and production of vehicles, excessive use of vehicles, prevention of current overload and the reverse influence of overcharging are thus fuelling the automotive jump starter market. In addition, advanced safety performance, light weight and compact size of lithium-ion batteries are also creating high opportunities for the automotive jump starter in the global market.
Key Market Driver -
Increasing installation of electrical systems and advancement in battery system in vehicles is expected to drive the growth of the market in the forecast period
Key Market Restraint -
High cost of batteries and risk of accidents caused by batteries may hamper the growth of the market during the forecast period.
Market Segmentation:
Globally, the portable jump starter market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into lithium-ion batteries and lead acid batteries. The lithium-ion batteries accounts for the major revenue share in the global market and is expected to expand its presence in the automotive industry over the forecast period. Lithium-ion batteries type automotive jump starters are light in weight and compact in size which becomes easy to carry. Therefore, the lithium ion battery type automotive portable jump starters are expected to experience rapid growth as compared to lead acid batteries. The application type is further segmented into automobiles, motorcycles, among others. The automobile segment holds the largest share in the global market. The increasing urbanisation, improvement in the standard of living, rise in the disposable income, are the foremost factors for the rapid growth in the automobile industry. Also, the increasing development of road infrastructures, expansion of the industrial sector is boosting the logistics and transportation sector across the globe.
Key Players:
Major players operating in the global portable jump starter market include Shenzhen CARKU Technology Co., Ltd, TACKLIFE, Billet Proof Designs, Antigravity Batteries LLC, Stanley Black & Decker, Inc., Clore Automotive, Antigravity Batteries LLC, Shenzhen Kayo Maxtar Battery Limited, Schumacher Electric Corporation, Boltpower, PARIS CORPORATION, and Guangdong Bestek E-Commerce Co., Ltd among others.
Key Insights
- New Advancements in Portable Jump Starter
- Number of Products, Key Countries, 2019
- New Product Launches, Key Players
Regional Analysis:
Geographically, the Portable Jump Starter market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the maximum share in the global market in terms of volume. Developing and developed economies such as China, India, South Korea, and Japan are the significant contributors in the automotive portable jumper starter market owing to the rapid growth in the vehicle sales and the expansion of the production capacities by the automotive manufacturers. North America accounts for the second largest share in the global market owing to the increasing industrialization coupled with the rising demand for commercial vehicles in this region. Europe is also showing an exponential growth in the global market owing to the increasing adoption of electrification in vehicles and presence of prominent players in countries such as Germany, France, and Italy.
To gain extensive insights into the market, Request for Customization
Segmentation
ATTRIBUTE | DETAILS |
By Type |
|
By Application Type |
|
By Geography |
|
- Ongoing
- 2023
- 2019-2022
Personalize this Research
- Granular Research on Specified Regions or Segments
- Companies Profiled based on User Requirement
- Broader Insights Pertaining to a Specific Segment or Region
- Breaking Down Competitive Landscape as per Your Requirement
- Other Specific Requirement on Customization
Automotive & Transportation Clients
