Automotive Start-Stop System Market Trends

  • Report ID: 4621
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

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

Automotive Start-Stop System Market: Key Insights

Base Year

2023

Forecast Year

2023-2036

CAGR

12.5%

Base Year Market Size (2023)

USD 37.4 Billion

Forecast Year Market Size (2036)

USD 127.07 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Saima Khursheed


  • Report ID: 4621
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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 14% over the forecast period, i.e., 2023-2035.

Inefficiencies of the start-stop technology along with the 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 2035 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 2035 and display significant growth opportunities
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