DUBAI, UAE. 3th September
2019: Jump Starter Market is expected to display higher growth
rate over the upcoming years. Rapid surge in the market is credited to the
rising demand from automotive sector and increasing number of vehicle sales.
Jump starters are typically used for lithium ion and lithium acid battery
types. Vehicle jump starter are frequently required in bad weather conditions
or instances where the driver or passenger is in a stranded area. Vehicle jump
starter assists in recharging the battery, by giving a boost to the battery. Globally,
market is predicted to generate massive revenue over forecast period, providing
numerous opportunities for industry participants to invest in research and
development of jump starters.
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Rise in the number of
vehicle sales is the key market trend associated with jump starter market over
the forecast period. Typical application of automobiles boosts a discharged or
dead battery through a transient connection. The jump starter is connected to
an external power source via transient connection. Additionally, jump starters
also offer several advantages for lithium ion and lithium acid batteries such
as safety against current overload, reverse connection and overcharging. These
factors are expected to boost market demand for jump starter over the coming
years.
Development of light
weight, compact and easy to use jump starters is anticipated to foster the
growth of jump starter market over the next seven years. The jump starter comes
with two distinct types such as jump boxes and plug-in units. Furthermore,
based on output voltage jump starters are separated into three categories such
as below 12 Volts, between 12 Volts and 24 Volts, and above 24 Volts.
The market is broadly
categorized into major segments based on the application type such as
residential sector, automotive industry, mechanic workshops application,
industrial application and marine application. Automotive segment is growing
rapidly in the jump starter industry with substantial revenue generation in the
last few years. Growing popularity of jump starter in automotive segment is
attributed to the rising number of vehicle sales and growing production lines.
Asia-Pacific region is
estimated to hold a major share in the jump starter market with massive growth
in forecast period. Countries such as India, China and Singapore are leading
the Asia-Pacific market with strong economic growth, rising number of vehicle
sales, rising demand from upstream & downstream sector, and significant
investment by leading industry players considering potential growth
opportunities in the region.
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Leading players of Jump Starter
including:
§
COBRA
§
Stanley Black &
Decker, Inc
§
Clore Automotive
§
Anker
§
BOLTPOWER
Market split by Type, can be
divided into:
§
Lithium Ion
§
Lead-Acid
Market split by Application,
can be divided into:
§
Automotive
§
Motorcycle
§
Others
Market split by Sales Channel,
can be divided into:
§
Direct Channel
§
Distribution Channel
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