The key players in automotive starter motor market are Valeo SA (France), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Ningbo zhongwang AUTO Fittings Co.,Ltd. (China), Hitachi Automotive Systems, Ltd. (Japan), Mitsubishi Electric (Japan), ASIMCO Technologies Ltd. (China), Hella KGaA Hueck & Co. (Germany), BBB Industries (U.S.), Unipoint Electric MFG Co., Ltd. (Taiwan), Remy International, Inc. (U.S.), Lucas Electrical Limited (U.K.), Mitsuba Corporation (Japan), BorgWarner Inc. (U.S.), and Cummins Inc. (U.S.)
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Market Research Analysis
Automotive starter motor is used to rotate the internal combustion engine to initiate the ignition of the engine. The current automotive industry uses starter motor in diesel and gasoline engines. The increase in the investment on research and development have led to growing innovation in the starter motor. There are various types of starter motor used in gasoline and diesel vehicles such as electric, pneumatic, or hydraulic. Electric starter motor is used in gasoline vehicles it produces linear or rotary force for the engine to start. Pneumatic or hydraulic starter motor are used in diesel operated vehicles because it converts the compressed air energy to mechanical work. The latest advancement in technology have resulted in starter motor installed with a permanent magnet or a series of the parallel wound with direct current. The government have taken various initiatives to reduce the emission from the vehicles. The automotive manufacturing are mainly focusing on moving toward electrification. This will meet the government standard for reduce emission and increase the demand for the starter motor.
The factors that are responsible for the growth of automotive starter motor market are rise in the demand for passenger and commercial vehicles, development of advanced technology, stringent government regulations for emission, and among others. The rise in the demand for passenger and commercial vehicle mainly in emerging countries will increase the installation of starter motor in the vehicles. The electric starter motor is in high demand due to stringent government regulation for emission. There have been various developments in starter motor by the automotive manufacturers. The advance starter motor includes various automatic start and stop options in the vehicles. This growing development in the start and stop technology allows the driver to stop the vehicle automatically. This will result in the growth of the market.
By region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the sales of new vehicles in countries such as India and China. In addition to this, the rising population and the increasing per capita income have also created significant scope for growth of automotive industry. In Asia Pacific, China is one of the largest markets that is expected to grow during the forecast period. Due to the technology advancement in the automotive industry, there has been mass production of the vehicle. The mass production of vehicles will result in growing installation of starter motor. North America is expected to be the second largest market due to the mature economy as far as investment in concerned. There has been huge investment in the automotive industry by several giants.
The increased investment will result in growing production of vehicles. Europe is expected to be third largest market due to flourishing automotive industry. The automotive in Europe is majorly benefited from cure research and development projects undertaken by various automotive manufacturers. The cutthroat competition among the competitors in starter motor market has resulted in manufacturers prioritizing quality within automobiles components. The increased demand for premium and luxury vehicle have contributed towards the growth of the automotive starter motor market. The automotive manufacturers are installing different types of the starter motor in the entry-level vehicles to acquire more share. This will help the market growth during the forecast period. In Europe, Germany is expected to dominate the market during the forecast period. Germany is expected to acquire the highest share of the automotive starter motor market.
The report for Global Automotive Starter Motor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.Top of FormBottom of Form
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