What is Car Conversion Kit Market?
Car Conversion Kits is designed to be fitted in several kinds of cars to interrupt rapidly the starting and ignition system for better energy consumption during a car drive. The car conversion kit will be installed easily on board by cutting the existing wire from the ignition switch and joint it to the Kits consequently. Car Conversion Kits utilize the GPS technology to assist the driver shut off and start up the engine smartly, this is projected the growth of the car conversion market in the forecast period.
Highlights from Car Conversion Kit Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | XL Hybrids (United States), EVDrive (United States), Enginer (United States), Boulder Hybrids (United States), KPIT Technologies (India), Odyne Systems, LLC (United States), SkyCNG (United States), Nash Fuel, Inc. (United States), Canadian Electric Vehicles (Canada) and Europegas (Poland) |
In February 2022, Transition-One, a French startup company, launched Electrical Conversion Kit” for all cars.The Vendors having a strong hold in the market are XL Hybrids, EVDrive, Enginer, and Boulder Hybrids. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Car Conversion Kit market throughout the forecasted period.
XL Hybrids (United States), EVDrive (United States), Enginer (United States), Boulder Hybrids (United States), KPIT Technologies (India), Odyne Systems, LLC (United States), SkyCNG (United States), Nash Fuel, Inc. (United States), Canadian Electric Vehicles (Canada) and Europegas (Poland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Altigreen Propulsion Labs Pvt. Ltd. (India). Car Conversion Kit Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Luxury Car, Executive Car, Economical Car, Sports Utility Vehicle (SUV) and Multi Utility Vehicle (MUV) |
Type | Power Conversion Kit, Brakes Conversion Kit, Lights Conversion Kit, Locking System Conversion Kit, Steering Conversion Kit and Energy Saving Conversion Kit |
Sales Channel | OEMs,Aftermarket |
On the basis of geography, the market of Car Conversion Kit has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Car Conversion Kits in Metropolitan Cities and Urban Areas of the Developed and Developing Countries
Market Growth Drivers:
Increasing Disposable Income of People in Emerging Economies and Government Regulation Regarding the Carbon Emission
Challenges:
Complexity in Car Conversion Kits
Restraints:
High cost of Car conversion Kit
Opportunities:
Technological Advancement and Development in the Conversion Kits Creates Opportunity for the Car Conversion Market
Key Target Audience
Car Conversion Kit Providers, Car Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Market Leaders & Development Strategies
In Setpember 2022, KPIT Technologies acquired Technica Group, engaged in automotive engineering, building tools for validation of automotive technologies, automotive ethernet products, in Europe and US.
On March 14, 2018, Odyne Systems, LLC announced it has raised initial funds of a financing round, highlighted by an investment from Arenberg Holdings, LLC. Through this investment, Odyne to continue to lead the movement towards the electric drive and zero-emission worksite operation in the medium and heavy-duty vehicle market.