Market research reports, consulting: Global Market Insights Inc.

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Automotive Start-Stop System Market Size

Report ID: GMI11021 Published Date: August 2024Report Format: PDF
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Automotive Start-Stop System Market Size

Automotive Start-Stop System Market size was valued at USD 37.8 billion in 2023 and is anticipated to grow at a CAGR of over 11% between 2024 and 2032. The introduction of stringent emission regulations is expected to propel the market growth. As governments across the world implement rigorous emission standards to combat air pollution and climate change, automakers are adopting technologies that improve fuel efficiency and reduce emissions.

 

Automotive Start-Stop System Market

For instance, in April 2024, the U.S. Environmental Protection Agency proposed tighter emissions standards for passenger vehicles to reduce carbon emissions. This regulation encourages the adoption of an advanced start-stop system, which ensures better fuel efficiency & lower emissions. Start-stop systems address these regulatory demands by automatically shutting off the engine during idling periods and restarting it when needed, significantly reducing fuel consumption and CO2 emissions. This technology helps manufacturers comply with strict emissions regulations, avoiding penalties and enhancing their market competitiveness. 

Increasing fuel efficiency and growing vehicle production are driving the automotive start-stop system market growth. By automatically shutting off the engine during heavy traffic these systems reduce fuel consumption and improve overall miles per gallon (MPG). This efficiency gain lowers fuel expenses for consumers and helps manufacturers meet fuel economy targets set by regulatory bodies.

For instance, in March 2024, the Indian Government reported a 20% increase in automotive production with a significant portion incorporating advanced automotive systems for better performance & reliability. This surge in production is boosting the demand for automotive start-stop systems. Additionally, start-stop systems contribute to reduced carbon emissions, aligning with global sustainability trends. As fuel efficiency remains a priority, the automotive industry’s adoption of start-stop technology is expected to continue expanding.

Several concerns over battery life and durability restrain the automotive start-stop system market growth. Start-stop systems frequently shut down and restart the engine to improve fuel efficiency, which places additional stress on the vehicle's battery and starter components. This frequent cycling can lead to accelerated battery wear and potential failures, raising maintenance costs for consumers. However, to overcome this challenge manufacturers are investing in advanced battery technologies and ensuring reliable system integration to enhance durability. Informing consumers about the benefits and long-term savings of start-stop systems can further help mitigate concerns and drive market adoption.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

How much is the automotive start-stop system industry worth? +

The market size of automotive start-stop system reached USD 37.8 billion in 2023 and is set to grow at over 11% CAGR between 2024 and 2032, led by increasing fuel efficiency and growing vehicle production.

Why is the demand for passenger automotive start-stop systems rising?+

The passenger segment held over 70% share in 2023, driven by the increasing emphasis on fuel efficiency and environmental sustainability.

Why is the automotive start-stop system industry growing in Asia Pacific?+

Asia Pacific market accounted for 30% share in 2023, propelled by rapid urbanization and increasing traffic congestion.

Who are the major automotive start-stop system market players?+

Borgwarner Inc, Continental AG, Denso Corporation, Hitachi Ltd, Johnson Controls Inc., Mitsubishi Electric Corporation, and Robert Bosch among others.

Automotive Start-Stop System Market Scope

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