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“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
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.
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
Key Automotive Start-stop System Market Challenge
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.
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:
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.
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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.
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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