Automotive Starter Motor Global Market is segmented by Type (electric, pneumatic, and hydraulic), Component (armature, starter drive gear, shift fork, return spring, solenoid, brush, and others), Engine Type (diesel engine and gasoline engine), Vehicle Type ( passenger car and commercial vehicle), and Region. Report provides Automotive Starter Motor Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Automotive Starter Motor Market Key Companies Studied In This Research Report:
The global automotive starter motor market comprises a host of key players. This includes names like Hitachi Automotive Systems, Ltd. (Japan), Valeo SA (France), ASIMCO Technologies Ltd. (China), Denso Corporation (Japan), Robert Bosch GmbH (Germany), Unipoint Electric MFG Co., Ltd. (Taiwan), Ningbo zhongwang AUTO Fittings Co.,Ltd. (China), Lucas Electrical Limited (U.K.), Mitsuba Corporation (Japan), Mitsubishi Electric (Japan), Hella KGaA Hueck & Co. (Germany), Remy International, Inc. (U.S.), BBB Industries (U.S.), BorgWarner Inc. (U.S.), and Cummins Inc. (U.S.)
Global Automotive Starter Motor Market Analysis 2019:
Global Automotive Starter Motor Market Expected to Grow at a Decent Pace over the Forecast Period. Automotive Starter Motor Market to Expand due to the Rising Demand for Commercial and Passenger Vehicles. Asia Pacific to Spearhead the Global Automotive Starter Motor Market.
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 global automotive starter motor market was analyzed by Market Research Future (MRFR) and it was projected that a decent CAGR will be attained by the market over the forecast period of 2017 to 2023. The valuation of the automotive starter motor market was further stated to surpass its previous valuation. 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 is mainly focusing on moving toward electrification. This will meet the government standard for reduce emission and increase the demand for the starter motor.
Study Period: 2019-2023
Base Year: 2019
Target Audience of Report: This report mainly focuses on Automotive Starter Motor manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Starter Motor market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Automotive Starter Motor Global Industry are studied in this report.
The global automotive starter motor market has been segmented in terms of vehicle type, component, engine type, and type.
By type, the market segments into pneumatic, electric, and hydraulic. The electric segment is projected to hold the dominating position in the global automotive starter motor market over the forecast period. This is due to the surging demand for gasoline operated vehicles across the globe. Additionally, there has been a growing sale of passenger as well as commercial vehicles that are operated by gasoline across various emerging nations. This is expected to boost the demand for the installation of electric starter motor segment.
By component, the market includes solenoid, brush, shift fork, armature, return spring, starter drive gear, and others. The solenoid segment leads the global automotive starter motor market with the highest share percentage and is expected to continue with its dominance over the forecast period. This is primarily because solenoid aids in allowing large electric current to pass through the starter motor.
By engine type, the market breaks down into diesel and gasoline. The gasoline segment is projected to head the global automotive starter motor market standings with the highest share percentage. The continuous growth and expansion of the segment is due to the rising production level of gasoline-powered commercial and passenger vehicles.
Region-wise, the global Automotive Starter Motor market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The Asia Pacific region leads the global automotive starter motor market with a majority of the share percentage to its name. The regional market is anticipated to be at the top of the market over the forecast period as well due to the rising demand for commercial and passenger vehicles herein. The booming growth of these commercial and passenger vehicles subsequently results in the growing demand for the installation of different types of automotive starter motors in Asia Pacific. The OEMs in the Asia Pacific region and other emerging countries are majorly investing in the idea of developing components that meets the standards and regulations set by the government. The rising level of investments being made by the manufacturers in this region is anticipated to push the production rate of starter motors, thereby driving the growth of the regional market.
North America is believed to be the second-largest region in the global automotive starter motor market. This is because of the increasing production level of commercial vehicles in this region, especially in countries like the US and Canada. As commercial vehicles require the usage of hydraulic and pneumatic starter motors, it is anticipated to accelerate the demand for the global automotive starter motor market in the North American region.
Study Objectives of Global Automotive Starter Motor Market:
— To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market
— To provide insights about factors affecting the market growth
— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis
— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.
— To provide country level analysis of the market with respect to the current market size and future prospective
— To provide country level analysis of the market for segment by type, vehicle type, and region
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Starter Motor Market, By Type
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Starter Motor Market, By Component
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