Jump Starter Market Size, Share, Growth, Trends, and Forecast 2032

Jump Starter Market

Jump Starter Market By Product (Plug-In Units and Jump Boxes), By Battery (Lead Acid Battery and Lithium-Ion Battery), By Vehicle (Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV) and Passenger Cars) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032

Category: Semiconductor & Electronics Report Format : PDF Pages: 226 Report Code: ZMR-8229 Published Date: Apr-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD XX million USD XX million XX% 2023

Jump Starter Industry Prospective:

The global Jump Starter market size was worth around USD 415 million in 2023 and is predicted to grow to around USD 509 million by 2032 with a compound annual growth rate (CAGR) of roughly 2.3% between 2024 and 2032.       

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Jump Starter Market: Overview

Jump starters are portable battery devices that can jump start vehicles. These devices work similarly to jumper wires, except they do not require an additional vehicle to provide the electricity required to charge a dead vehicle battery. The jump starter market is being driven by several factors such as growing vehicle ownership, rising preference for portable solutions, advancements in battery technology, expansion of automotive aftermarket, technological innovation, rising investment in battery technology and many others.

Key Insights

  • As per the analysis shared by our research analyst, the global Jump Starter market is estimated to grow annually at a CAGR of around 2.3% over the forecast period (2024-2032).
  • In terms of revenue, the global Jump Starter market size was valued at around USD 415 million in 2023 and is projected to reach USD 509 million by 2032.
  • The growing number of vehicles on the road is expected to propel the market growth during the forecast period.
  • Based on the battery, the lithium-ion battery is expected to grow at a significant rate over the forecast period.
  • Based on the vehicle, the passenger cars segment is expected to dominate the market over the forecast period.
  • Based on region, the Asia Pacific is expected to lead the market during the forecast period.

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Jump Starter Market: Growth Drivers

Advancement in battery systems in vehicles drives market growth

Over the last several years, the transportation sector has expanded dramatically on a global scale. The changing demand for vehicles as a result of population growth has increased. Additionally, growing numbers of people and an expanding economy are driving up sales of vehicles and other forms of mobility including motorcycles, boats, and aeroplanes.

Furthermore, to reduce reliance on oil imports, governments everywhere are encouraging the use of alternative fuel vehicles. Thus, these factors are expected to be a key driver of the automobile starting battery market and are anticipated to propel the jump starter industry's expansion over the forecast period.

Jump Starter Market: Restraints

Improved battery technology in vehicles hinders market growth

Technological developments in vehicle batteries, such as the increasing use of long-lasting, maintenance-free batteries, could decrease the incidence of battery-related problems and the requirement for jump starts. There are also fewer opportunities to use jump starters in vehicles with hybrid or electric drivetrains and start-stop technologies. Thus, the improved battery technology in vehicles might be hindering the market growth over the forecast period.

Jump Starter Market: Opportunities

Rising innovative product launches offer a lucrative opportunity for market growth

Rising innovative product launches are expected to offer a lucrative opportunity to the jump starter market during the forecast period. For instance, in October 2023, for its DIY and farm and ranch product lines, Schumacher Electric Corporation introduced a new bench-style 6V/12V Manual Timer-Controlled Battery Charger and Engine Starter. The manual timer and operation mechanism of the Schumacher Farm and Ranch FR01666 and Schumacher SC1667 allow do-it-yourself mechanics total control over the battery charging procedure.

The manual chargers, with unique names for every product line, will be sold at stores around the country, including Amazon.com. With its 250-amp engine start, the SC1667/FR01666 can jump-start even the biggest engines, such as those found on farm equipment or in the garage of an auto enthusiast. This type can rapidly add charge to deeply drained batteries because it has three boost modes (50A (12V), 25A (12V), and 25A (6V)) and can provide up to 50 amps.

Jump Starter Market: Challenges

Safety concern poses a major challenge to market expansion

Jump starter misuse can result in short circuits, battery explosions, and electrical shocks, among other safety hazards. Some consumers may choose not to purchase jump starters due to safety concerns and the possibility of misuse, or they may choose to seek expert assistance instead. Therefore, this is expected to hinder the market growth over the forecast period.

Jump Starter Market: Segmentation

The global Jump Starter industry is segmented based on Product, Battery, Vehicle and region.

Based on the product, the global Jump Starter market is bifurcated into Plug-In Units and Jump Boxes.

Based on the battery, the global Jump Starter industry is segmented into Lead Acid Battery and Lithium-Ion Battery. The lithium-ion battery is expected to grow at a significant rate over the forecast period. When compared to conventional lead-acid batteries, lithium-ion batteries have a higher energy density. Manufacturers of jump starters are now able to create lighter, more compact devices without sacrificing power output. Lithium-ion jump starters are easy to carry for roadside situations and practical to store in vehicles due to their portability.

Based on the vehicle, the global Jump Starter market is segmented into Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV) and Passenger Cars. The passenger cars segment is expected to dominate the market over the forecast period. There is a greater need for jump starts due to the increasing number of passenger cars on the road worldwide. The need for jump starts is fueled by the growing number of people who own cars and the possibility of running into dead batteries or other related problems. For instance, according to an Olx Crisil Mobility study, passenger vehicle (PV) sales in India are predicted to expand at a moderate pace of 6-8% in FY24, following a historic 27% growth in FY23 with 3.9 million units sold.

Jump Starter Market: Report Scope

Report Attributes Report Details
Report Name Jump Starter Market
Market Size in 2023 USD 415 Million
Market Forecast in 2032 USD 509 Million
Growth Rate CAGR of 2.3%
Number of Pages 226
Key Companies Covered Billet Proof Designs, Schumacher Electric Corporation, Clore Automotive, Stanley Black & Decker Inc., Antigravity Batteries LLC, TACKLIFE, Shenzhen CARKU Technology Co. Ltd, Boltpower, Shenzhen Kayo Maxtar Battery Limited, and others.
Segments Covered By Product, By Battery, By Vehicle, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Regional Analysis

The Asia Pacific is expected to lead the market during the forecast period

The Asia Pacific is expected to lead the market growth during the forecast period. Significant urbanization and industrialization are taking place throughout the Asia Pacific region, which is increasing the need for automobile accessories like jump starters as well as car ownership. Reliable methods for handling car emergencies are becoming more and more necessary as more people relocate into metropolitan regions and industrial zones. In addition, some of the biggest automobile markets in the world, including those in China, Japan, India, and South Korea, are located in this region. As consumers look for accessories to maintain and improve their vehicles' performance, the growth of the jump starter market is facilitated by the expansion of the automotive industry in these countries.

For instance, according to secondary sources, in 2022, the Chinese automobile industry sold a total of 26.9 million units, of which about 23.6 million were passenger automobiles. Moreover, the rising product launches by the key market players are also driving the industry revenue growth. For instance, in January 2021, Maruti launched a compact jump starter for cars. The jump starter has a power bank and can jump start a car without the need for another vehicle, making it self-sufficient. It features a 14.8 Wh battery, an LED light, and a USB rapid charger. On the other hand, Europe is also capturing a significant revenue share in the jump starter market. The regional market growth is attributed to the rising adoption of electric vehicles.

Jump Starter Market: Competitive Analysis

The global Jump Starter market is dominated by players like:

  • Billet Proof Designs
  • Schumacher Electric Corporation
  • Clore Automotive
  • Stanley Black & Decker Inc.
  • Antigravity Batteries LLC
  • TACKLIFE
  • Shenzhen CARKU Technology Co. Ltd
  • Boltpower
  • Shenzhen Kayo Maxtar Battery Limited

The Global Jump Starter market is segmented as follows:

By Product

  • Plug-In Units
  • Jump Boxes

By Battery

  • Lead Acid Battery
  • Lithium-Ion Battery

By Vehicle

  • Heavy Commercial Vehicle (HCV)
  • Light Commercial Vehicle (LCV)
  • Passenger Cars

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Jump starters are portable battery devices that can jump start vehicles. These devices work similarly to jumper wires, except they do not require an additional vehicle to provide the electricity required to charge a dead vehicle battery.

The jump starter market is being driven by several factors such as growing vehicle ownership, rising preference for portable solutions, advancements in battery technology, expansion of automotive aftermarket, technological innovation, rising investment in battery technology and many others.

According to the report, the global market size was worth around USD 415 million in 2023 and is predicted to grow to around USD 509 million by 2032.

The global Jump Starter market is expected to grow at a CAGR of 2.3% during the forecast period.

The global Jump Starter market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the rising automotive sector.

The global Jump Starter market is dominated by players like Billet Proof Designs, Schumacher Electric Corporation, Clore Automotive, Stanley Black & Decker Inc., Antigravity Batteries LLC, TACKLIFE, Shenzhen CARKU Technology Co. Ltd, Boltpower and Shenzhen Kayo Maxtar Battery Limited among others.

The Jump Starter Market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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