Japan Jump Starter Market:Segmented: By Type Into: (Lithium Ion and Lead-Acid); By Vehicular Type (Automotive, LCV, HCV and Others); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Japan Jump starter Market to surpass USD 987.2 million by 2031, which is valued at 601.2 million in 2021 at a compound annual growth rate of 5.1%
Jumpstarter is used by connecting external power sources to recharge an empty or dead battery from a car. Once the car is started, it stimulates its daily recharge mechanism and can remove the supplied source. The battery from another vehicle or some other exogenous power source is temporarily connected. The external power source recharges the battery of the disabled vehicle and generates some energy to revive the engine. The vehicle restores its usual charging device when the vehicle is activated, hence the auxiliary source can be removed. The usual functioning of the car recovers battery charging if the car charge device works. As Portable Jump Starter technology is highly advanced and the downstream sector is growing rapidly, particularly for car aftermarkets, there are many companies within the portable jump starter industry.
According to the report, the automotive jump starter market is driven by the exponential growth in vehicle demand, excessive vehicle use, prevention from the current load, and the reverse effect of overloading. Furthermore, lighter weight, smaller size, and improvement are safety features that build opportunities for the car jump starter market.
Japan Jump Starter Market is segmented by type into Lithium-Ion and Lead-Acid Lithium-ion jump starters are comparatively light weighted and provide high range compared to other starters. Lightweight and low maintenance are the major force driving the growth of this segment.
Japan Jump Starter market is segmented by vehicular type: automotive, LCV, HCV others. The main growth factors for segment expansion will be increased disposable income along with growing manufacturers focusing on new design and innovation in the automotive sector. The demand for the automotive sector is growing in Japan which has resulted in growth in demand for the automotive jump starter market. Moreover due to government restriction and the use of E-Vehicles has boosted the demand for the automotive jump starter market. However, Due to greater convenience that light commercial vehicle provides the LCV segment is also anticipated to grow at a significant CAGR.
Increase in On-Road Cars
Increased numbers of on-road vehicles in the automotive sector have led to a greater demand for jump starters. Nearly all Japanese homes today have a car that at the same time generates a tremendous need for Jump Starters. With the increase in automation, manufacturers' concentrate on Jump Starters that revive a dead battery has increased.
Short Battery Life
Despite witnessing rapid technological advancement in recent years, there are still many gaps and challenges that are being faced by the E-bikes battery industry which creates opportunities for the growth of the jump starter market. Among these, the major challenge for the e-bikes industry is battery life which has a life span of 2-3 years (lithium-ion battery). A vehicle-style Lithium acid jump starter is heavy and bulkier; thus, its purchasers are restricted to repair and maintenance workshops, which in turn increases the proliferation of the other vehicle type jump starter i.e. lithium-ion battery type.
The use of jump starters is limited to professional usage as there are cases of accidental mishappening which restricts the market for most of the individuals and only used by professional technicians.
Based on region the Japan Jump Starter Market is segmented into Eastern Japan, Northern Japan, Western Japan, and Southern Japan. The regional growth is anticipated owing to the demand from high demographics and industries is anticipated to accelerate in this sector in some of the quickest rising economies and some cases in increasing energy and power production. The automotive jump starter market is driven by the exponential growth in vehicle demand in Japan, excessive vehicle use, prevention from the current load, and the reverse effect of overloading. Furthermore, lighter weight, smaller size, and improvement are safety features that build opportunities for the car jump starter market in the region. The region segment can be further divided into five major types including Eastern Japan, Northern Japan, Western Japan, and Southern Japan.
The focus of the markets is on growing their share using mergers and acquisition. To broaden their market range by creating cost-effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity to meet the growing demand for goods. The key players are spread across the globe and prefer to carry out their activities through joint ventures.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Japan Jump starter Market size was estimated at USD 601.2 million in 2021 and is expected to reach USD 987.2 million by 2031
Guangdong BESTEK E-commerce Co., Ltd Foshan Kuroku Electronics Co., Ltd. Wuhu Muchen E-Commerce Co., Ltd. Guangzhou Jinyaoe Technology Co., Ltd. Shenzhen Haoyuxin Electronic Co., Ltd. Foshan Kuroku Electronics Co., Ltd. Shenzhen Royal Technology Co., Ltd. Other prominent players
by type segment is anticipated to hold the Japan Jump starter Market
Drivers Increase in On-Road Cars
Jumpstarter is used by connecting external power sources to recharge an empty or dead battery from a car. Once the car is started, it stimulates its daily recharge mechanism and can remove the supplied source.
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