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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3th September 2019: Automotive Gear Shifter Market is anticipated to grow at a higher CAGR during the forecast period.
Automotive gear shifters are required to match engine power with the change in drive power under dynamic conditions.
Moreover, gear shift strategies are relatively necessary in order to deal with gear shift, engine start, clutch slip and their effect on gear control/shift.With the rising change in technology marked by tremendous developments in electronics and electro-mechanical components, the automotive transmissions are leaping towards enhancing fuel economy and gear shift comfort.Request Sample Copy of Report @ https://www.millioninsights.com/industry-reports/automotive-gear-shifter-market/request-sampleAutomotive gear shifter market is driven by growth in automotive industry and vendor emphasis on electronic replacement with an objective to enhance efficiency of transmission system to change the speed of changing gears.
Rise in disposable income followed by growing awareness in the vehicle occupants and rise in use of electronics in vehicles propels the market growth.
In addition, increase in demand for mid-size and luxury vehicles in the recent years is more likely to trigger the market growth.Geographical segmentation for automotive gear shifter industry spans North America, South America, Europe, Asia-Pacific, Middle East and Africa.
The key players profiled in automotive gear shifter market report are Kongsberg, Tokai Rika, Fuji Kiko, DSM, ZF Friedrichshafen, Eissmann, ZF TRW, Aisin AI, Ficosa, Ningbo Gaofa, Sapura and PT.
