by Vehicle jump starters, also known as portable battery jump starters or car battery booster packs, are rechargeable lithium-ion battery packs that provide a portable power source to jump start or boost a vehicle’s battery. Vehicle jump starters have clamps that attach to a vehicle’s battery terminals to deliver a burst of power needed to restart an engine. They are small enough to fit into a vehicle’s trunk or glove compartment for on-the-go usage.
Vehicle Jump Starters Market Demand are very handy in circumstances where a vehicle’s battery has died and there is no one around to help with jumper cables. They eliminate the need to find someone else with a working vehicle nearby or wait for roadside assistance. The global vehicle jump starter market offers a convenient solution for drivers to get their vehicles started independently in any weather conditions or remote locations.
The Global Vehicle Jump Starter Market is estimated to be valued at US$ 235 Million in 2024 and is expected to exhibit a CAGR of 3.6% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the vehicle jump starter market are Clore Automotive, Antigravity Batteries, NOCO Company, Schumacher Electric Corporation, and Boltpower.
Growing demand for easy to use and portable emergency car starters to independently start vehicles in need is driving growth in the market. Rising sales of electric vehicles is also fueling the vehicle jump starter market.
Increasing global vehicle parc and expansion of automotive repair and maintenance sector in countries like China, US, Germany is supporting the global expansion of the vehicle jump starter market.
Market Key Trends
Lithium-ion battery technology is a key trend seen in the Vehicle Jump Starter Companies Lithium-ion batteries provide higher power density and longer shelf life compared to traditional lead-acid batteries, enabling compact yet powerful vehicle jump starters. They allow built-in safety functions like spark-proof technology. Lithium-ion batteries have significantly enhanced the usability and performance of portable jump starters.
Porter’s Analysis
Threat of new entrants: Low entry barriers as technology for vehicle jump starters is easily available.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many brands offering similar products.
Bargaining power of suppliers: Suppliers have low bargaining power as raw materials required are standard and available from multiple sources globally.
Threat of new substitutes: Moderate threat as solar chargers and battery packs are slowly emerging as substitutes.
Competitive rivalry: High as the market is fragmented with presence of global and local players.
Geographical Regions
North America currently holds the largest share in the vehicle jump starter market in terms of value due to high vehicle ownership and extreme weather conditions necessitating the need for jump starters. Factors such as increasing garage bills and aging vehicles also contribute to market growth.
The Asia Pacific region is projected to be the fastest growing market during the forecast period. This is attributed to growing vehicular fleet, increasing disposable incomes, hot and humid climatic conditions especially in countries like India leading to frequent battery drainage, and rising rural electrification facilitating greater product awareness and availability.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
