Automotive Start-Stop System Market Trends

Growth Drivers

• Growing Carbon Dioxide (CO2) Emissions – Start-stop technology is becoming crucial for the transport sector with more stringent government fuel economy and emissions regulations. The rising CO2 emission is expected to boost the automotive start-stop system market in the forecasted period. For instance, it was found that the global carbon dioxide (CO2) emissions from transport summed up to 8 billion tons in 2018 globally.

• Rising Urban Mobility – There is a rising need for cars that are made for driving in cities as a growing number of people relocate there. As they work best when the vehicle is continually stopping and resuming, start-stop systems are especially well-suited for urban driving. For instance, in 2019 it was found that 70% of Europe’s population lived in urban areas, which is estimated to be about 80% by 2050.

• Increasing Demand for High-Efficiency Engines – High-efficiency engines are frequently combined with start-stop systems because they may further increase fuel economy and lower the number of pollutants. Consumers are increasingly buying high-efficiency engines as a means of lowering their fuel expenditures and environmental effect. With efficient engines and lightweight components enabled by advanced materials, as it is expected that one-quarter of the United States fleet could save over 5 billion gallons of fuel annually by 2030.

• Increasing Sales of Motorcycles – The need for fuel-efficient and low-emission bikes is rising, which is also boosting the market for start-stop technology in motorcycles as more people search for alternatives to cars for urban transportation. For instance, in India the sales of two-wheelers reached an all-time high in 2019, selling around 21 million units.

Challenges

• Lack of Awareness Amongst Automobile Users about the Benefits of Automotive Start-Stop Systems - Since start-stop systems are a fairly new concept, many customers may not be familiar with their advantages. Some individuals might not be aware that start-stop technology can assist to increase fuel economy and decrease emissions, which can save money and lessen their influence on the environment. Additionally, some buyers could be hesitant to buy cars with start-stop systems because they might have doubts about the dependability and longevity of these systems.
• Inefficiencies of the Start-Stop Technology
• Huge Requirement of Capital for Research & Development