-- 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. Automotive Starter Motor Market Analysis by Scope, Stake, Progress, Trends and Forecast to 2023.
Automotive Starter Motor Market Key Companies Studied in This Research Report 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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Global Automotive Starter Motor Market Overview:
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 traditional starter motor were mainly human powered, in which the initial movement of the crankshaft was driven by human operated crank. The electric starter motor is the most commonly used in gasoline engines and small diesel engines.
he 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.
Automotive Starter Motor Market Geographic Analysis:
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.
Automotive Starter Motor Market Segmentation:
The Automotive starter motor market is segmented based on type, component, engine type, and vehicle type. By type, the market is segmented based on electric, pneumatic, and hydraulic. Electric starter motor segment is expected to dominate the market during the forecast period due to increase in demand for gasoline operated vehicles.
There has been growing sales of passenger and commercial vehicle operated by gasoline in emerging countries. This will increase the demand for installation of electric starter motor. By component, the market is segmented into armature, starter drive gear, shift fork, return spring, solenoid, brush, and others. Solenoid segment is expected to dominate the market during the forecast period because it allows large electric current pass through the starter motor.
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.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
Continued…
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