The Global Start Stop Technology Market Projected to Grow at a CAGR of 7.7% and Generate a Revenue of $3,530.5 Million by 2032

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The global start stop technology market is predicted to be valued at $3,530.5 million by 2032, surging from $1,774.0 million in 2022, at a noteworthy CAGR of 7.7%.

Impact Analysis of COVID-19 on the Start Stop Technology Market

The automotive industry, like many others, experienced disruptions in the supply chain due to factory closures, restrictions on movement, and shortages of raw materials. These disruptions affected the production and availability of vehicles with start-stop technology during the COVID-19 pandemic. Many automakers temporarily halted or reduced production in response to the decreased demand for new vehicles during the pandemic. This reduction in production affected the integration of start-stop technology into new vehicles.          

While certain regions increased their focus on environmental regulations, others shifted priorities to address immediate economic challenges. This change in governmental focus influenced the incentives and regulations supporting the adoption of technologies like start-stop systems. As the automotive industry and global economy gradually recovers, there is an opportunity for a renewed focus on sustainability and fuel efficiency. This is expected to accelerate the adoption of start-stop technology as automakers seek to meet regulatory standards and cater to environmentally conscious consumers.

Global Start Stop Technology Market Analysis

The growth of the global start stop technology market is predicted to be driven by rising environmental concern over emissions due to fuel consumption. In addition, increasing development of the automobile sector, fuel-efficient hybrid vehicles, economic development, and increasing disposable income among the population round the world have led to an increase in demand for and sale of vehicles and motorcycles, which is further driving the growth of the start stop technology market. In addition, the rising inclination of buyers towards fuel-efficient automobiles owing to increasing gasoline costs is one of the significant factors driving the start stop technology market. Constantly rising gasoline prices have made it difficult for buyers to manage to pay for conventional fuels for their vehicles. Continuous fuel prices have driven the demand for fuel-efficient motors globally; this, in turn, has forced the manufacturers to launch vehicles that are equipped with a start-stop button and are mild in weight to obtain greater fuel efficiency.

The start-stop technology market is expected to face growth challenges due to several inhibiting factors such as extreme engine wear due to excessive start-stop cycles, overall installation cost, and optional usage of the system. This system is typically installed on conventional fuel vehicles. Therefore, the growing awareness regarding electric vehicles is expected to pose a challenge for the target market. Automatic start-stop technology significantly increases the price of the vehicle. When buying a car, a significant percentage of people choose a conventional car. If these vehicles are pre-equipped with a start-stop system, they will be more expensive. For this reason, not all consumers are willing to purchase a car equipped with a start/stop system. Most of them choose regular cars, which is anticipated to limit the demand for start-stop technology in the global market.

Rising gasoline prices have increased the penetration of fuel-saving technologies in the automotive sector, mostly due to initiatives in developing countries to reduce pollution and save fuel. Honda, for example, has included similar technology on its two-wheelers, resulting in significant fuel savings. Furthermore, manufacturers are working substantially to eliminate any power delay to the car and guarantee flawless vehicle operation. One example of technological advancement is the creation of a start-stop coasting function, which has the capability to halt the engine while the vehicle is in motion. This innovation enables potential fuel savings of up to 10% in traditional vehicles..

Global Start Stop Technology Market, Segmentation

The start stop technology market is segmented on the basis of type, application, and region.

Type:

The type segment is classified into belt-driven alternator starter (BAS) and integrated starter generator (ISG). Among these, the belt-driven alternator starter (BAS) sub-segment is anticipated to be the fastest growing during the forecast period. Improved fuel efficiency is one of the key benefits of a BAS system. The BAS technology helps minimize fuel consumption and emissions by assisting the internal combustion engine during acceleration and effortlessly restarting the engine during stop-start circumstances. The BAS system has start-stop technology, which automatically turns off the engine when the vehicle comes to a halt and rapidly restarts when the driver releases the brake or engages the accelerator. This feature is especially useful in city driving circumstances with frequent pauses, as it contributes to fuel savings.

Application:

The application segment is further classified into passenger car and commercial car. Among these, the passenger car sub-segment is projected to witness the highest CAGR in the upcoming years. Traffic congestion has become a prevalent concern in many cities as cities rapidly developing. Start-stop systems are especially useful in urban contexts where passenger cars regularly come to a halt, such as at traffic lights or in congested areas. This makes them more relevant and advantageous for city driving passenger vehicles. Start-stop technology is progressively being included into passenger vehicle lines by Original Equipment Manufacturers (OEMs). The market is expected to naturally expand as more passenger vehicle models include this technology as a standard or optional feature.

Region:

The start stop technology market in Asia-Pacific is projected to show the fastest growth during the forecast period. Countries such as China and India have placed a greater emphasis on minimizing fuel usage owing to expanding passenger automobile production. Hybrid car adoption is particularly high in countries such as Japan and South Korea, which use this technology more effectively than conventional vehicles. These reasons are driving the Asia-Pacific start stop technology market growth. Furthermore, increased public safety awareness and stringent government regulations for driver and passenger safety are driving the growth of the regional start stop technology market. Advances in technology by major Chinese vehicle manufacturers for the incorporation of safety systems have also boosted the regional market growth.

Key Players in the Global Start Stop Technology Market

Some of the companies operating in the start stop technology market are Valeo, Robert Bosch GmbH, Continental AG, DENSO CORPORATION, Mitsubishi Electric Corporation, BorgWarner Inc., AISIN SEIKI Co., Ltd., Delphi Automotive LLP, Johnson Controls, and Hitachi Automotive Systems, Ltd.