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IN THE NEWSannounced the global launch of RoadPak semiconductors that are designed to operate faultlessly for more than four million start-stop cycles over the vehicle’s lifetime.
SEG Automotive Germany GmbH - disclosed its future plans in India while introducing the SC60 Start/Stop starter motor for modern gasoline and diesel engines.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
|
CAGR |
~12% |
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Base Year Market Size (2022) |
~ USD 22 Billion |
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Forecast Year Market Size (2033) |
~ USD 61 Billion |
The global automotive start-stop system market is estimated to garner a revenue of ~USD 61 billion by the end of 2033 by growing at a CAGR of ~12% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 22 billion in the year 2022. The growth of the market can primarily be attributed to the rising serious environmental impact of engine idling along with growing concern about the rising incidences of air pollution worldwide. For instance, it was found that air pollution is responsible for more than 4 million deaths each year.
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The automotive start-stop system shuts down and restarts the internal combustion engine automatically to reduce the amount of time the engine spends idling, thereby reducing fuel consumption and emissions. It is useful for vehicles that spend significant amounts of time waiting at traffic lights or frequently come to a stop in traffic jams. With the rising number of vehicles as well as surging production, the demand for automotive start-stop systems is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive start-stop system market during the forecast period. For instance, global motor vehicle production grew by 3% in 2021.
The global automotive start-stop system market is segmented and analyzed for demand and supply by vehicle type into motorcycles, passenger cars, light commercial vehicles, and heavy commercial vehicles. Amongst these segments, the heavy commercial vehicles segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing number of heavy vehicles such as trucks and trailers along with the surge in the cost of idle fuel waste worldwide. For instance, it is estimated that in the span of a year, a long-haul truck could idle for nearly 1,800 hours, using around 1,500 gallons of diesel, which as of June 2022, is over USD 5.5 per gallon in the United States.
Regionally, the global automotive start-stop system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Europe is projected to hold the largest market share by the end of 2033, backed by the presence of a strong mobility network in the region, a growing number of vehicles, as well as rising awareness amongst the vehicle users for the net zero emissions by 2050 scenario. For instance, as per 2022 data, nearly 60% of all new passenger cars sold in the European Union emit under 130 grams of CO2 per kilometer.
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The global automotive start-stop system market is further classified on the basis of region as follows:
Our in-depth analysis of the global automotive start-stop system market includes the following segments:
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By Component |
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By Vehicle Type |
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By Fuel Type |
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By Distribution Channel |
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FREQUENTLY ASKED QUESTIONS
Increasing impact of air pollution on people & environment as well as the increasing percentage of vehicles along with the rising transport sector’s CO2 emissions are some of the major factors anticipated to drive the growth of the market.
The market is anticipated to attain a CAGR of ~12% over the forecast period, i.e., 2023 – 2033.
Inefficiencies of the start-stop technology along with requirement of huge capital for research & development are some of the factors estimated to hamper the market growth.
The market in Europe is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Hitachi Ltd., SEG Automotive Germany GmbH, Robert Bosch GmbH, Yamaha Motor Co. Ltd., Volvo Cars Corporation, Continental AG, Denso Corporation, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by component, vehicle type, fuel type, distribution channel, and by region.
The heavy commercial vehicles segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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