Global Automotive starter motor market Bym

Global Automotive starter motor market By Manufacturers, Countries, Types And Application, End Users And Forecast To 2030

Automotive starter motor market outlook

Starter motors in the automotive sector, also known as cranking motor, are devices used in commencing the operations of an engine in any vehicle. These motors are in pristine condition to be able to work in all sorts of climatic conditions.

The global automotive starter motor market report by Market Research Future (MRFR) provides an overview of the auto industry coupled with developments in starter motors, optimization in designs, and focus on fuel efficiency, and other indicators for providing an estimation of size, revenue, and growth for the period of 2018 to 2023 (forecast period). The outbreak of the COVID-19 virus and its impact on the production and value chain are explored in the report.

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Market Scope

The global automotive starter motor market is expected to reach USD 21.66 billion growing at 46.78% CAGR over the forecast period. Major growth drivers are stringent emission norms, demand for passenger and commercial vehicles, and advanced technologies integrated in latest motors. Rising demand for passenger and commercial vehicles and integration of motors in these vehicles are likely to influence market demand in the coming years. Penetration of start-stop systems in developing economies and launch of micro cars in developing economies can drive market growth.

Emergence of logistics companies and long journeys for ensuring last mile connectivity for its consumers can induce the need for starter motors which can run on highways. Production of starter motors which work in low temperatures due to being robust can favor the market growth. In addition, the launch of starter motors compatible with small combustion engines can be a plus for automotive component manufacturers.

Segmentation

The global automotive starter motor market is segmented by type, component, engine type, and vehicle type. 

By type, the market is segmented based on pneumatic, hydraulic, and electric. The electric starter motor segment is expected to dominate the market during the forecast period due to increasing demand for gasoline operated vehicles. There has been growing sales of passenger and commercial vehicles operated by gasoline in emerging countries. This will increase the demand for installation of electric starter motors. 

By component, the market is segmented into armature, brush, starter drive gear, shift fork, return spring, solenoid, and others. The solenoid segment is expected to dominate the market during the forecast period owing to its ability to pass huge swathes of current through the starter motor. The high current flow, less leakage, and improved battery life can drive the segment growth.

By engine type, the market is segmented based on gasoline and diesel. The gasoline segment is expected to dominate the market during the forecast period due to increase in the production of gasoline-powered passenger and commercial vehicles.

Regional Analysis

Asia Pacific is expected to dominate the automotive starter motor market due to an increase in demand for passenger and commercial vehicles. This will kickstart the high demand for installation of different types of starter motors in vehicles. The OEMs in emerging countries are investing heavily in development of components adherent to government standards. The increased investment by the manufacturers will result in growing production of the starter motor. 

North America is expected to be the second largest market due to an increase in production of commercial vehicles. Commercial vehicles require the use of pneumatic and hydraulic starter motor. 

Competitive Outlook

Denso Corporation, Cummins Inc., Hitachi Automotive Systems, Ltd., Mitsubishi Electric, Unipoint Electric MFG Co., Ltd., Valeo SA, Ningbo zhongwang AUTO Fittings Co., Ltd., Mitsuba Corporation, ASIMCO Technologies Ltd., Remy International, Inc., Robert Bosch GmbH, BorgWarner Inc., Lucas Electrical Limited, Hella KGaA Hueck & Co., and BBB Industries are key players in the global automotive starter motor market.

Customization of vehicles is the primary factor driving the differentiation strategy among product manufacturers. Electrification of vehicles and rise of electric and plug-in vehicles can be prominent in triggering the innovation among major players. 

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