The Global Start Stop System Market is projected to reach USD 27,336.1 Million in 2032. Growing concern regarding fuel consumption emission and surge in sales of automotive and motorcycles across the globe is driving the demand for Start Stop System.
According to FMI, the Global Start Stop System Market is estimated to be valued at USD 7,058.0 Million in 2022 and is projected to increase at a CAGR of 14.5 % in the forecast period from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | USD 6,584.5 Million |
| Market Size 2022 | USD 7,058.0 Million |
| Market Size 2032 | USD 27,336.1 Million |
| Value CAGR (2022 to 2032) | 14.5 % |
In order to reduce the release of ozone-harming compounds and fuel consumption, start-stop systems are used in the majority of modern automobiles. They stop the motor when the vehicle is stopped or idling, and when the brake is released or the grip is locked, the motor is restarted. In slow moving traffic, sometimes it is inconvenient to switch off the engine, such actions lead to increased exhaust emissions from the vehicles, unnecessary loss of fuel, and overexertion of the engine. The rise in these emissions have drastic consequences for the environment. In this situation, the start-stop system help to lower the fuel consumption in the vehicle. When the vehicle is stationary, this system uses a sensor to detect it and turns off the ignition and the gasoline supply to the engine and when the driver is ready to move again, the ignition starts over.
The market value is increasing due to factors including the rising demand for fuel-efficient vehicles and the expansion of hybridization of vehicles. The market's growth during the estimated period will be fueled by the rise in hybridization of automobiles and different government incentives for promoting the purchase of hybrid vehicles.
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The analysis of Start Stop System demand from 2017 to 2021 showed a historical growth rate of 12.8 % CAGR. The significant demand for fuel-efficient hybrid vehicles on a global scale, stringent government rules to cut down emission was the main factor driving the expansion of the Start Stop System market during the historic period.
The vehicle and spare parts manufacturing sectors were both significantly impacted by the coronavirus spread due to the impact of the COVID crisis on the global economy. The automotive manufacturing sector has been shut down as a result of the significant shortage of raw materials required to manufacture vehicle components like start-stop systems. Also, the manufacturing facilities of fibre and plastic composites shut down due to a shortage of raw materials and restrictions in the supply chain network. As start-stop systems are produced from these types of materials, this reduction in manufacturing has impacted the overall market growth. However, with the increasing popularity of hybrid vehicles, which are more fuel efficient and with growing fuel emission concerns, they are expected to boost the market growth in the upcoming period.
The expansion of the global Start-Stop System market is anticipated to be fueled by rising environmental concern over emissions due to fuel consumption. Additionally, increasing development of the automobile sector, fuel-efficient hybrid vehicles, economic development, and increasing disposable income among the population around the world have increased the demand for and sale of automobiles and motorcycles, which is ultimately driving the growth of the Start-Stop System Market.
A running vehicle emits numerous gases from its tailpipe into the atmosphere, such as nitrogen oxides, hydrocarbons, and other GHG emissions, which contribute to the brown haze and environmental change. About one-fifth of the world's carbon dioxide (CO2) emissions are related to transportation. Three-quarters of transport emissions are caused by motorised transportation. Cars and buses, which account for 45.1% of this, are the main contributors. The remaining 29.4% comes from freight trucks. This has obliged the legislatures of different nations to build up stringent emanation rules for vehicles. In order to reduce the length of time the internal combustion engine stands idle, start-stop technology automatically shuts down and restarts the engine in automobiles. The technique also aids in lowering pollution and fuel consumption. Measurements recorded as per the New European Driving Cycle (NEDC), apart from fuel savings, incorporation of a Start-Stop System in a vehicle may reduce fuel emissions by up to 8% in normal conditions and up to 15% in urban traffic. Hence, products like the Start Stop System are estimated to be one of the best technologies to lower emissions by vehicle. This factor drives the market for Start Stop System worldwide.
As an effective powertrain system, a start-stop system maximises the engine's output and offers improved fuel economy. The recent sharp rise in fuel prices has accelerated the need for fuel-efficient start-stop systems. Additionally, OEMs are encouraged to concentrate on start-stop systems in order to achieve higher fuel efficiency by regulatory authorities around the world that have set fuel economy criteria. By stopping the engine during red traffic lights or heavy traffic situations, start-stop systems improve fuel economy and enable fuel cost reductions. These overall factors drive the market for global Start-Stop Systems.
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The market for start-stop systems may experience challenges in growth due to some of the restraint factors like excessive wear of the engine due to excessive start-stop cycles, overall installation cost, and optional use of the system. However, rising awareness about electric vehicles may create a challenge for the targeted market as this system is usually installed in conventional fuel vehicles.
The Automatic Start-Stop System substantially raises the price of the vehicle. When buying a car, a significant percentage of people choose conventional cars. If these vehicles are pre-equipped with a start-stop system, they will cost more than regular cars. For this reason, not every consumer is willing to buy a car with a pre-equipped start-stop system. Most of them will opt for a regular vehicle, which will limit the sales of start-stop systems in the global market.
Additionally, short-interval halting has become more common as a result of increased traffic. Compared to manual start-stop cycles, the number of start-stop cycles that a vehicle experiences dramatically rises with automatic start-stop systems. This increased start-stop cycle count causes the engine to wear more quickly. The lifespan of these vehicles' engines might be shortened if it is not properly maintained on a regular basis, which also increases maintenance costs. Thus, this factor of excessive start-stop function of the engine could also impede the market expansion.
Geographically, the market is sub-segmented into the regions of North America, Latin America, Europe, East Asia, South Asia, and the Middle East Africa. Due to rising automotive production and increasing stringent environmental regulations by local governments, Europe and Asia-Pacific are among the top regions in terms of sales of start-stop systems, and they collectively account for a significant share of the global start-stop system market in 2021.
With high disposable incomes and wealthy lifestyles, people in Europe have high living standards and are more likely to spend money on luxurious vehicles. Due to rigorous government laws concerning fuel emissions and comparatively higher awareness of modern technology, hybrid and fuel-efficient vehicle sales are gaining growth in the region. Moreover, Europes automotive industry's revenue accounts for more than 7% of the overall regions GDP, owing to a rise in sales of automobiles and motorcycles in the region, which has steered to the growth of the Start-Stop System.
Similarly, Asia-Pacific is the most prominent market for start-stop systems because of rapidly increasing automotive production in countries like Japan, India, and China. The region has a consistently growing share of start-stop systems due to the increased popularity of this system in vehicles, owing to its lower fuel emissions through transportation. In addition, improving socio-economic conditions in Asian countries such as India, Indonesia, and Thailand have resulted in the growth of premium-segment passenger cars in the region. Many manufacturers in the region are focusing on manufacturing vehicles with various benefits, such as advanced efficient functions and lower emission properties with respect to growing government regulations for fuel consumption and emissions. These aspects are responsible for Asia-Pacific's being a prominent market for start-stop system sales.
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Key players operating in the Global Start Stop System Market include Robert Bosch GmbH, Shindengen Electric Manufacturing Co. Ltd., Yamaha Motor Co. Ltd., SKF Evolution, Perkins Engines Company, Voyomotive, LLC, Valeo SA, Denso Corporation, Maxwell Technologies, Inc. and others.
The start-stop system market is considered to be moderately fragmented. It is anticipated that the growing number of new players in the market will take advantage of the positive growth outlook to increase the fragmentation of the industry, which is expected to fuel the market growth for start-stop systems.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 14.5 % from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Vehicle Type, Fuel Type, Sales Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, BENELUX, Italy, Spain, Russia, China, Japan, India, Turkey, South Africa, Northern Africa, GCC Countries, ANZ |
| Key Companies Profiled | Robert Bosch GmbH; Shindengen Electric Manufacturing Co. Ltd.; Yamaha Motor Co. Ltd.; SKF Evolution; Perkins Engines Company; Voyomotive, LLC; Valeo SA; Denso Corporation; Maxwell Technologies, Inc. |
| Customization Pricing | Available upon Request |
In 2021, the value of the Global Start Stop System Market reached over USD 6,584.5 Million.
During the forecast period, the Global Start Stop System Market is estimated to expand at a CAGR of 14.5 % during 2022 to 2032.
The Global Start Stop System Market is projected to reach USD 27,336.1 Million by the end of 2032.
Europe and Asia Pacific are projected to lead the Global Start Stop System Market in the forecast period.
The key players operating in the Global Start Stop System Market are Robert Bosch GmbH, Shindengen Electric Manufacturing Co. Ltd., Yamaha Motor Co. Ltd., SKF Evolution, Perkins Engines Company, Voyomotive, LLC, Valeo SA, Denso Corporation, Maxwell Technologies, Inc. and others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Vehicle Type 6.2. Fuel Type 6.3. Sales Channel 7. Global Market Analysis and Forecast, By Vehicle Type 7.1. Two Wheelers 7.2. Passenger Cars 7.3. Light Commercial Vehicles 7.4. Heavy Commercial Vehicles 8. Global Market Analysis and Forecast, By Fuel Type 8.1. Gasoline 8.2. Diesel 8.3. Electric 8.4. Others (CNG etc.) 9. Global Market Analysis and Forecast, By Sales Channel 9.1. Original Equipment Manufacturer (OEM) 9.2. Aftermarket 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia & Pacific 10.6. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Vehicle Type, Fuel Type, and Sales Channel for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Robert Bosch GmbH 19.2. Shindengen Electric Manufacturing Co. Ltd. 19.3. Yamaha Motor Co. Ltd. 19.4. SKF Evolution 19.5. Perkins Engines Company 19.6. Voyomotive LLC 19.7. Valeo SA 19.8. Denso Corporation 19.9. Maxwell Technologies, Inc.
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