VEHICLE JUMP STARTER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global vehicle jump starter market is estimated to be valued at US$ 403.3 Mn in 2024 and is expected to reach US$ 515.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031. Global vehicle jump starter market growth is driven by rising demand for emergency vehicle assistance devices. These are compact and easy to carry, allowing users to power their vehicle batteries in case of emergencies. Rising vehicle ownership and aging vehicle fleet that leads to increased breakdown risks have boosted the need for reliable jump starters. Furthermore, advancements in lithium-ion battery technology have enabled manufacturers to develop more powerful yet lightweight jump starters. The market can witness growth as OEMs focuses on developing innovative and user-friendly vehicle jump starters.
Market Dynamics-
Global vehicle jump starter market growth is driven by rising vehicle ownership, growing demand for portable emergency power solutions, and advancements in battery technology. However, availability of alternative options such as roadside assistance can hamper the market growth. Rising development of jump starters equipped with features such as LED flashlight, phone charger, and air compressor can offer lucrative opportunities for market players. Increasing adoption of electric vehicles also provides new growth prospects for battery backup devices
Key features of the study:
- This report provides in-depth analysis of the global vehicle jump starter market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global vehicle jump starter market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include OneTrust, TrustArc, BigID, SAP, IBM, Symantec, Vanta, and Privacera
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global vehicle jump starter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Table of Contents
*Browse 32 market data tables* and 28 figures* on 'Vehicle Jump Starter Market' - Global forecast to 2031
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