PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290498
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1290498
Global Jump Starter Market is valued approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx% over the forecast period 2023-2030. A jump starter, also known as a jump pack or a battery booster, is a device that is used to jump-start a vehicle that has a dead battery. It is essentially a portable battery that can be used to provide a temporary boost of power to a vehicle's battery, allowing the engine to start. The Jump Starter market is expanding because of factors such as increasing number of aging vehicles and growing number of sales of automobiles. Jump starters typically come equipped with a set of jumper cables, which are used to connect the jump starter to the vehicle's battery. The jump starter then provides a burst of power to the battery, which is enough to start the engine. Once the engine is running, the alternator takes over and recharges the battery. Its prevalence has progressively increased during the last few decades.
According to the Statista, Passenger cars and light trucks in the United States had an average age of 12.2 years in 2022. This figure represents a slight increase from 12.1 years in 2022 Furthermore, Average age of passenger cars in the Central and Eastern Europe region 2021, Lithuania recorded the most aging passenger car fleet - 17 years old on average. On the other hand, the average resident of Slovenia owned a car that was 12 years old. Another important component driving space increase is growing number of sales of automobiles. As per Statista, approximately 66.7 million vehicles sold globally in 2021 to approximately 67.2 million vehicles sold globally in 2022. In addition, in India in 2021, a record 3.8 million passenger and commercial automobiles were sold. The next year, this number grew by nearly 0.8 million units. Also increasing the demand for carrying jumper cable and rising technological advancement in automotive jump starter would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Jump Starter stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Jump Starter Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing number of automobiles in the region. According to the Statista, over 23.6 million of the 37.5 million passenger cars predicted to be sold in the Asia-Pacific region in 2022 were sold in China. Comparatively, and registered a sale of about 34.57 million passenger automobiles in 2021. North America is expected to grow significantly during the forecast period, owing to factors such as rising technological advancement by key market players in the market space.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable