Global Automotive Start-Stop System Market Size to Reach USD 102.31 Billion in 2032 | Emergen Research
Changing preference for sustainable living and rising concern for the environment are key factors driving Automotive Start-Stop System Market revenue growth
Vancouver, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The global automotive start-stop system market size was USD 31.61 Billion in 2022 and is expected to register a steady revenue CAGR of 12.4% during the forecast period, according to latest analysis by Emergen Research. Shifting consumer preferences for sustainable living and eco-friendly modes of transportation and rising air pollution are key factors driving market revenue growth. The start-stop system helps to cut off the engine, when a car is stopped at a stop sign or in sluggish traffic, reducing pollution by preventing the engine from wasting gasoline unnecessarily. The vehicle's start-stop system automatically stops and restarts the Internal Combustion (IC) engine to shorten the amount of time engine is left running. The start-stop system can decrease fuel consumption and emissions while reducing Carbon Dioxide (CO2) emissions by 4%–8%. In addition, rising health consciousness and concerns about reducing air pollution and emissions and improving air quality is another key factor driving revenue growth of the market. The widespread adoption of start-stop technologies in cars helps to improve fuel efficiency, are more cost-effective, and reduce fuel consumption. Moreover, creation of an advanced vehicle start-stop system that is more reliable, effective, and user-friendly is also expected to drive market revenue growth during the forecast period.
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However, this system does not require idling the main engine, which could add to its wear and load on the Diesel Particulate Filter (DPF) exhaust system. Also, since certain conditions could make the interior uncomfortable, the system cannot be turned on when Alternate Current (AC) is set too high or the engine is cold. Such factors are limiting demand for automotive start-stop system, which could restrain market revenue growth.
*Scope of Research *
*Report Details* *Outcome*
Market Size in 2022 USD 31.61 Billion
CAGR (2023–2032) 12.4%
Revenue Forecast To 2032 USD 102.31 Billion
Base Year For Estimation 2022
Historical Data 2019-2021
Forecast Period 2023–2032
Quantitative Units Revenue in USD Billion and CAGR in % from 2023 to 2032
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Component, vehicle type, fuel type, distribution channel, and region
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled Hitachi, Ltd., SEG Automotive Germany GmbH, Robert Bosch GmbH, Yamaha Motor Co., Ltd., AB Volvo, Continental AG, Denso Corporation, Maxwell Technologies, BorgWarner Inc., and Phinia Inc.
Customization Scope 10 hours of free customization and expert consultation
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*Major Companies and Competitive Landscape *
The global automotive start-stop system market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective automotive start-stop system solutions. Some major players included in the global automotive start-stop system market report are:
· Hitachi, Ltd.
· SEG Automotive Germany GmbH
· Robert Bosch GmbH
· Yamaha Motor Co., Ltd.
· AB Volvo
· Continental AG
· Denso Corporation
· Maxwell Technologies
· BorgWarner Inc.
· Phinia Inc.
*Strategic Development*
· On 7 December 2022, Suzuki Motorcycle India announced the launch of a brand-new top-of-the-line variant for its Burgman Street maxi-scooter. A brand-new Suzuki Eco Performance Alpha (SEP-a) engine with an automatic stop-start feature and a silent starter mechanism is installed in the scooter. the Engine Auto Start-Stop (EASS) system lowers fuel consumption, by automatically stopping the engine to prevent idling and restarting it as soon as the rider opens the throttle. This makes it useful in stop-and-go traffic and at traffic lights.
· On 7 October 2022, Vespa GTS announced the launch of four variants including GTS, GTS Super, GTS Supersport, and GTS Supertech. The keyless start/stop and remote seat opening features are available on the Vespa GTS Super, GTS Supersport, and GTS Supertech. In addition, these variants have a Bike Finder feature that makes it easier to find the scooter using a remote key fob in a congested parking lot. The Vespa MIA app also provides smartphone connectivity for the GTS Supersport and GTS Supertech variants.
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*Some Key Highlights From the Report*
· The wheel speed sensor segment is expected to account for largest revenue share in the global automotive start-stop system market over the forecast period. This is due to rising demand for wheel speed sensors and increasing number of road accidents owing to high speed. According to a study, every 10 km/h increase in speed increases the probability of an accident by 33%. In addition, World Health Organization (WHO) estimates that 1.3 million individuals lose their lives in car crashes every year. Moreover, rising usage for Anti-Lock Braking System (ABS), stringent government rules requiring minimum stopping distances, mandatory use of ABS systems, and increasing use of automobile sales worldwide are also expected to drive revenue growth of this segment during the forecast period.
· The passenger cars segment is expected to register steadily fast revenue growth in the global automotive start-stop system market during the forecast period. This is due to government initiatives to reduce fuel consumption, which is rising demand for automotive start-stop systems. According to the New European Driving Cycle (NEDC), in addition to saving money on gasoline, a vehicle's adoption of a start-stop system can cut fuel emissions by up to 8% in typical driving conditions and up to 15% in urban traffic. Furthermore, increasing population and disposable income and changing lifestyle preferences in developing countries are other factors driving revenue growth of this segment.
· The aftermarket segment is expected to account for significantly large revenue share in the global automotive start-stop system market over the forecast period. This is due to rising demand for automotive start-stop engines owing to their use in many types of vehicles, including 2-wheelers and 4-wheelers. For maximum efficiency, companies combine various auto parts produced in various locations across the world. Major industry participants supply equipment producers with the new, refurbished, aftermarket, and used parts they need, all supported by warranties to help them stay productive and successful. Re-manufactured engines and other parts are frequently less expensive than having these rebuilt and can be up to 50% less expensive than completely new parts.
· The North America market accounted for largest revenue share in the global automotive start-stop market in 2022. This is rising demand for various types of Electric Vehicles (EVs) owing to rising car sales in the U.S. Research shows that in 2022, sales of plug-in light vehicles in this country total about 918,500 units. There is a rising need for automotive start-stop systems in this area as a result of the peak in sales of all-electric and plug-in hybrid vehicles. In addition, governments in developed countries such as Canada, are taking steps to reduce carbon emissions and impose strict laws on customers, which is rising demand for EVs and, by extension, for start-stop technology in automobiles. As the number of passenger cars produced increases, there is a greater emphasis on reducing fuel consumption, which is also expected to drive market revenue growth of this segment during the forecast period.
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Emergen Research has segmented the global automotive start-stop system market on the basis of component type, vehicle type, fuel type, distribution channel, and region:
· *Component Type Outlook (Revenue, USD Billion; 2019-2032)*
· Engine Control Unit
· 12V Direct Current (DC) Converter
· Battery
· Neutral Position Sensor
· Wheel Speed Sensor
· Crankshaft Sensor
· Alternator
· *Vehicle Type Outlook (Revenue, USD Billion; 2019-2032)*
· Passenger Cars
· Light Commercial Vehicles (LCVs)
· Heavy Commercial Vehicles (HCVs)
· *Fuel Type Outlook (Revenue, USD Billion; 2019-2032)*
· Gasoline
· Diesel
· Compressed Natural Gas (CNG)
· Electric
· *Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)*
· Original Equipment Manufacturer (OEM)
· Aftermarket
· *Regional Outlook (Revenue, USD Billion; 2019-2032)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
· Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
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