Jump Starter Market - Forecasts from 2023 to 2028

The global jump starter market is estimated to grow at a CAGR of 2.23% during the forecast period.

The portable battery devices known as jump starters are used in automobiles so that they can be jump-started. Jump starters function by giving your engine the necessary power to start using specific high-current lithium-ion batteries. The vehicle jump starter is considered a very useful tool for drivers if they are stranded, and their batteries need to be charged or even in severe weather conditions. There is a significant usage for automotive jump starters due to the rise in aging vehicles and the accidental discharge of batteries. Hence, the market demand for jump starters is thus being stimulated by the rapid development in the sales and manufacturing of automobiles, excessive vehicle use, protection of current overload, and the adverse impact of overcharging, boosting the global jump starter market growth.

The growing application of lithium- ion material will boost market growth.The lithium-ion material contributes to the creation of jump starters using lithium-ion batteries that are lightweight, small, and convenient to carry. The market for jump starters is anticipated to expand quickly as the production of lithium-ion batteries increases. In February 2023, the government of India declared that the Reasi district of Jammu and Kashmir now has lithium inferred resources of 5.9 million tonnes, and the government will set a goal of establishing 50 GWh of lithium-ion cell and battery production facilities with investments in the amount of Rs. 33,750 crores. In February 2022, according to the Ministry of Industry and Information Technology, Chinese lithium-ion battery production increased by 106% year over year in 2021, reaching 324 GWh. Also, as per the same source, the sector generated over 600 billion yuan (roughly $94.72 billion) worth of production. The rising lithium-ion battery production and lithium exploration activities will increase the use of jump starters, boosting the overall market growth.

The growing automotive sales and production is augmenting the demand for hump starters. 

The jump starters are required accessories for electric vehicles and cars in the automobile sector. These devices help the vehicles to get jump-started without the help of another car battery. The market is growing due to the growing production of electric and motor vehicles and technological advancements. According to the International Organization of Motor Vehicle Manufacturers (OICA) data, global motor vehicle production has increased from 77,650,152 units in 2020 to 85,016,728 in 2022, which has shown a rise of 10% in the production rate. Furthermore, as per the same source, global motor vehicle sales have increased from 78,774,320 units in 2020 to 82,684,788 in 2021, which has shown a rise of 5% in sales. According to the International Energy Agency IEA, the global market share for electric vehicles increased from 4.11% in 2020 to 8.57% in 2021, showing a more than double-increasing rate in just one year.

The Asia- Pacific region will grow robustly during the forecast period.The Asia Pacific region will dominate the market due to the rapid increase in vehicle sales and the expansion of production capabilities by automotive manufacturers, and the surge in electric vehicle sales in economies like China, India, South Korea, and Australia. According to data from the International Organization of Motor Vehicle Manufacturers (OICA), the Asia Pacific region saw a 13% increase in motor vehicle production from 44,276,549 units in 2021 to 50,020,793 in 2022. Also, as per the same source, China’s automotive production increased from 25,225,242 in 2020 to 27,020,615 in 2022, showing an increase of 7%. According to the International Energy Agency IEA, Australia had a huge growth in EV sales in 2021, with 20,665 units sold compared to 6,900 units in 2020. This indicates that EVs account for 1.95% of the new car market. Such increasing production and sales of motor and electric vehicles in the region are expected to accelerate the jump starter market growth in the Asia Pacific.

Market Developments:

• In January 2021,Maruti introduced a portable jump-starting for cars. The jump starter has a power bank and can jump start a vehicle without needing a second car, making the user independent. It has a USB fast charger, an LED light, and a 14.8 Wh battery.
• In May 2020,Roav Anker launched the Jump Starter Pro Power Bank, the most modern Jump Starter Pro, with a maximum output of 800 mAh and can start engines up to 6000 ccs in gasoline and 3000 ccs in diesel.

 

Market Segmentation:

By Type

• Jump Boxes
• Plug-In Units

By Cathode Material

• Lithium Ion
• Lead Acid

By Vehicle Type

• Passenger
• Commercial
• Heavy-Duty Vehicles

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Australia
• Others