Automotive Start-Stop System Market - Increasing Demand for Fuel-Efficient Vehicles to Promote Growth | Technavio

Technavio market research analysts forecast the global automotive start-stop system market to grow at a CAGR of approximately 20% during the period 2018-2022, according to their latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180222006447/en/

Technavio has published a new market research report on the global automotive start-stop system mark ...

Technavio has published a new market research report on the global automotive start-stop system market from 2018-2022. (Graphic: Business Wire)

This market research report segments the global automotive start-stop system market based on vehicle type (passenger vehicles and commercial vehicles) and geography (the Americas, APAC, and EMEA). The report also provides a detailed analysis of the drivers, trends, and challenges that are expected to impact the market growth.

In 2017, the APAC region dominated the global automotive start-stop system market, accounting for a market share of close to 41%. EMEA accounted for the second largest share in the market. It was followed by the Americas that contributed for the least share in the market.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio analysts highlight the increasing demand for fuel-efficient vehicles as a key factor contributing to the growth of the global automotive start-stop system market:

Increasing demand for fuel-efficient vehicles

An efficient powertrain system such as a start-stop system optimizes the engine's output and provides better fuel efficiency. Fuel prices have been increasing rapidly in the recent years that has expedited the need for fuel-efficient start-stop systems. Also, fuel economy norms implemented by regulatory bodies across different countries in the world encourage OEMs to focus on start-stop systems for better fuel efficiency. Start-stop systems provide enhanced fuel efficiency and allow fuel cost savings by stopping the engine during the red traffic signals or heavy-traffic situations.

The start-stop system can improve the overall fuel economy of conventional gasoline or diesel-powered vehicles and hybrid vehicles. The inclination of consumers toward fuel efficiency and safety have increased due to the increased sales of automobiles. Previously, consumers only considered engine power as the only criterion before purchasing new vehicles. However, they have shifted their focus toward vehicles, which provide an optimum combination of power, performance, reliability, and fuel efficiency.

According to a senior analyst at Technavio for automotive electronics, “Consumers prefer fuel-efficient vehicles to reduce their overhead cost. Fuel economy also plays an essential role, particularly during long-distance travels. Such factors have impelled OEMs to install the start-stop system in vehicles. Thus, the global automotive start-stop system market is expected to project steady growth during the forecast period.”

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Big savings with Technavio this February!

 

Get 20% OFF on all Education Technology reports. This offer is valid only till the 28th of this month.

 

OR

 

Celebrate winter sports with 23% OFF on all reports in the Outdoor Gear library (Offer valid from Feb 9-25).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.