Automotive Start-stop System Market by Application and Geography - Forecast and Analysis 2020-2024

“The Automotive Start-stop System Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 18.41 million units and CAGR of 8% by segment Application and Geography during the forecast period 2019 to 2024” 

Furthermore, this report extensively covers market segmentation by application (passenger cars and commercial vehicles) and geography (Europe, APAC, North America, South America, and MEA). The market report also offers information on several market vendors, including BorgWarner Inc., Continental AG, Delphi Technologies Plc, DENSO Corp., Hitachi Ltd., Johnson Controls International Plc, Mitsubishi Electric Corp., Robert Bosch GmbH, Schaeffler AG, and Valeo SA

Download the Report Sample to Unlock the Automotive Start-stop System Market Size for the Forecast Period and Other Important Statistics 

Parent Market Analysis

Technavio categorizes the Automotive Start-stop System Market as a part of the Consumer Discretionary industry within the Auto Components industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Automotive Start-stop System Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the automotive start-stop system industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge. 

Key Automotive Start-stop System Market Driver

• One of the key factors driving growth in the market is the growing demand for fuel-efficient vehicles.
• An efficient powertrain system, such as a start-stop system, optimizes engine output and ensures better fuel efficiency.
• Fuel prices have been increasing rapidly in recent years, which has expedited the need for fuel-efficient start-stop systems. A start-stop system can improve the overall fuel economy of conventional gasoline or diesel-powered vehicles and hybrid vehicles.
• Traditionally, consumers only considered engine power as the only criterion before purchasing new vehicles. However, with time, they have shifted their focus toward vehicles that offer an optimum combination of power, performance, reliability, and fuel efficiency. Such factors have impelled OEMs to install the start-stop system in vehicles. Therefore, we expect that the global market will see healthy growth during the forecast period.

Key Automotive Start-stop System Market Challenge

• The frequent start and shutdown of engines reducing engine life will be a major challenge for the market during the forecast period. 
• During daily peak hour traffic, the number of times an engine starts and stops increases significantly, which can lead to premature wear of the engine. In traffic situations where vehicles move inch by inch, the frequency is higher. In such cases, the components of the engine tend to wear out faster, and its durability is adversely affected in the long run.
• Long use of start-stop systems can also lead to additional wear due to a lack of oil lubrication and an increase of friction between the surfaces of the main bearings of the engine and crankshaft.
• The batteries in vehicles with start-stop capability are put through higher strain as the combustion engine is shut down during traffic conditions.
• A good amount of quality lubricant is required, which can reduce friction up to 50% to prevent the quick wear out of bearings. Such lubricants can be expensive for price-sensitive consumers. Hence, sometimes this technology faces customer resistance, which can restrain the growth of the global market.

Automotive Start-stop System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Who are the Major Automotive Start-stop System Market Vendors?

BorgWarner Inc. - The company offers an Eco-Launch automotive start-stop system. The engine segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance. The drivetrain segment develops and manufactures products to improve fuel economy, reduce emissions and enhance performance in combustion, hybrid and electric vehicles.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• BorgWarner Inc.
• Continental AG
• Delphi Technologies Plc
• DENSO Corp.
• Hitachi Ltd.
• Johnson Controls International Plc
• Mitsubishi Electric Corp.
• Robert Bosch GmbH
• Schaeffler AG
• Valeo SA

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market. The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Automotive Start-stop System Market?

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56% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive start-stop systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.

With the rapid economic growth in APAC, the per-capita income has drastically increased over the past few years, which has led to an increase in the purchasing power of consumers and, consequently, higher automobile sales. In addition, technological advancements in the automotive industry, especially developments in powertrain technologies, are expected to contribute to the growth of the market in APAC. Further, factors such as customer demands for fuel-efficient vehicles and government regulations in APAC aiming at reducing fuel consumption and the effects of CO2 emissions will boost the automotive start-stop systems market. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 across the region has slowed down the growth of the automotive industry, thereby hampering the market in APAC. Additionally, the prevailing restrictions on trade between China and a few other countries, such as the US, are compelling Chinese manufacturers to reduce production volumes. This is expected to hamper the growth of the market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Start-stop System Market?

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The market share growth by the passenger cars segment will be significant during the forecast period. In 2019, the global market was dominated by the passenger vehicles segment due to the higher sales of these vehicles as compared with light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) across the globe. The global passenger vehicles market has witnessed numerous ground-breaking technologies that have shaped the global automotive market dynamics in the past two decades or so. The advantages of the start-stop system, such as better fuel economy and adherence to stricter emission norms, are driving its demand in the passenger vehicles segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Automotive Start-stop System Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 8%
Market growth 2020-2024	18.41 mn units
Market structure	Concentrated
YoY growth (%)	-11.39
Regional analysis	Europe, APAC, North America, South America, and MEA
Performing market contribution	APAC at 56%
Key consumer countries	China, US, Germany, France, UK, and Japan
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	BorgWarner Inc., Continental AG, Delphi Technologies Plc, DENSO Corp., Hitachi Ltd., Johnson Controls International Plc, Mitsubishi Electric Corp., Robert Bosch GmbH, Schaeffler AG, and Valeo SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Start-stop System Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the automotive start-stop system industry across Europe, APAC, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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