Press release
Hill-Start Assist System Industry to Achieve $5.88 Billion Growth by 2029
Hill-Start Assist System
How Will the Hill-Start Assist System Market Grow by 2025 in Terms of Size and Growth?
The market for the hill-start assist system has seen robust growth in the recent past. It is predicted to expand from a valuation of $4.12 billion in 2024 to $4.38 billion in 2025, marking a compound annual growth rate (CAGR) of 6.4%. The surge in growth witnessed during the historic period is a result of developments in traction control systems, implementation of vehicle safety regulations, urban growth, rising consumer desire for safety traits in vehicles, and diminishing usage of manual transmission.
What Are the Estimated Growth Rates for the Hill-Start Assist System Industry Through 2029?
The market size of the hill-start assist system is projected to witness robust expansion in the next couple of years. It is poised to reach a valuation of $5.88 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth during the forecast period may stem from factors such as the advancement of autonomous vehicles, the advent of shared mobility, surge in the sale of hybrid vehicles, focus on energy efficiency, and its inclusion in the basic safety package offerings. Predominant trends for the forecast period encompass electronic stability control (ESC) systems, the incorporation of advanced driver-assistance systems (ADAS), extension to a wider variety of vehicles, automatic transmission mechanisms, and innovation in sensor technologies.
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What Are the Strategic Drivers Boosting Hill-Start Assist System Market Performance?
The anticipated increase in the utilization of driver assistance technologies is predicted to fuel the expansion of the hill-start assist system market in the future. These driver assistance systems employ electronic technology designed to aid drivers with their driving and parking tasks. The hill-start assist system is one such aid, designed to prevent a vehicle from unintentionally rolling backward down a hill when recommencing from a halt. As an example, data provided by the Intelligent Transportation Systems Joint Program Office, a US-based organization, shows that nearly 80% of drivers in September 2023 reported consistent comfort with the gap maintained by adaptive cruise control (ACC) at varying speeds. As a result, the growth of the hill-start assist system market is likely to be driven by this increased use of driver assistance systems.
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What Are the Segments in the Hill-Start Assist System Market?
The hill-start assist system market covered in this report is segmented -
1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
2) By Vehicle Propulsion: Internal Combustion Engines (ICE) Vehicles, Electric And Hybrid Vehicles
3) By Vehicle Class: Luxury, Economy
Subsegments:
1) By Passenger Cars: Compact Cars, Sedans, SUVs
2) By Light Commercial Vehicles: Vans, Pickup Trucks
3) By Heavy Commercial Vehicles: Buses, Heavy-Duty Trucks
What Are the Key Adoption Trends in the Hill-Start Assist System Market?
Leading players in the market are concentrating on developing technologically advanced vehicles like the Kiger RXT (O) MT, which has integrated advanced driver assistance systems, to expand their clientele and secure a competitive edge. The Kiger RXT (O) MT represents the latest in automobile technology, with advanced driver assistance systems such as hill-start assistants employing high-tech sensors, cameras, and algorithms to enhance the safety and convenience features of the car and aid drivers during hill starts. For example, in May 2023, Renault S.A., a French automobile manufacturer, introduced the Kiger RXT (O) MT model in India, equipped with enhanced driver assistance features like Hill Start Assist (HSA) to prevent the vehicle from rolling back on an incline, an in-built electronic stability program to ensure directional control and prevent roll-overs or accidents, and a tire pressure monitoring system.
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Which Companies Lead the Competitive Landscape of the Hill-Start Assist System Industry?
Major companies operating in the hill-start assist system market report are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz Group AG, Hyundai Motor Company, Robert Bosch GmbH, Nissan Motor Co. Ltd., Kia Corporation, The Volvo Group, Renault S.A., ZF Friedrichshafen AG, Continental AG, Mazda Motor Corporation, Subaru Corporation, Mitsubishi Motors Corporation, BorgWarner Inc., Isuzu Motors Ltd., Murata Manufacturing Co. Ltd., Hitachi Automotive Systems Ltd., Knorr-Bremse AG, HELLA GmbH And Co. KGaA, Delphi Automotive, WABCO Holdings Inc., BeijingWest Industries (BWI Group), Peugeot Citroën Automobiles S.A., Transtron Inc.
Where Are the Key Hill-Start Assist System Market Opportunities by Region?
North America was the largest region in the hill-start assist system market in 2024. The regions covered in the hill-start assist system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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