Top 3 Portable Jump Starter Market Trends to Watch Post-COVID | Fortune Business Insights

Posted on Oct 20 2021 4:28 AM

"Portable Jump Starter Market Global, analyzes and researches the Instant Payments development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market."

The global “portable jump starter market size” is expected to experience substantial growth backed by the increasing number of aging vehicles and the growing adoption of advanced technology worldwide. This information is published by Fortune Business Insights in its latest report, titled, “Portable Jump Starter Market, 2021-2028.”

The negative effect of the global pandemic, COVID-19, has been felt across several economies facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been at a standstill with limited operational activities. However, a collective effort from the government and the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

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List of the Companies Profiled in the Global Market:

  • Shenzhen CARKU Technology Co., Ltd
  • TACKLIFE
  • Billet Proof Designs
  • Antigravity Batteries LLC
  • Stanley Black & Decker, Inc.
  • Clore Automotive
  • Antigravity Batteries LLC
  • Shenzhen Kayo Maxtar Battery Limited
  • Schumacher Electric Corporation
  • Boltpower
  • PARIS CORPORATION
  • Guangdong Bestek E-Commerce Co., Ltd
  • Among others

What does the Report Provide?

The global market for portable jump starter report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth between 2021 and 2028.

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DRIVING FACTORS

Increasing Number of Aging Vehicles to Boost Product Adoption

According to the data by CNBC, around 25% of the vehicles in the U.S. are believed to be at least 16 years old. Moreover, the average vehicle age has hit a record high. The increasing number of aging vehicles is leading to a rise in the incidence of automotive breakdowns and stranded vehicles. Therefore, this is expected to boost the adoption of advanced jump starters globally. Moreover, the increasing demand for advanced charges and the growing electrification of vehicles is expected to contribute to the global portable jump starter market growth in the forthcoming years.

COMPETITIVE LANDSCAPE

Prominent Companies Focus on Expanding Facilities to Strengthen Their Footprint

The global market for portable jump starter comprises small, medium, and large companies striving to maintain their stronghold by expanding their production facilities to cater to the growing demand from the automotive sector. Additionally, adoption of strategies such as partnership, collaboration, and merger and acquisition by other key players is expected to bode well for the growth of the market.

Industry Development:

  • March 2021 – CTEK Sweden AB, a global battery management solutions provider, announced the launch of CS FREE, a portable battery charger with revolutionary adaptive boost technology. The charger efficiently provides the power required for the dead battery to charge in less than 15 minutes and is available across Europe.

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Portable Jump Starter Market Segmentation:

By Type

  • Lithium Ion Batteries
  • Lead Acid Batteries

By Application Type

  • Automobiles
  • Motorcycles
  • Others

By Geography

  • North America (USA, Canada, and Mexico)
  • Europe (Germany, France, U.K., and Rest of Europe)
  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
  • Rest of the World

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