Market Research Report
Global Automotive Starter Motor by Type (Electric, Gear Reduction,) by Vehicle type (Vehicle Type (Passenger Vehicle and Commercial vehicle), Technology (BAS, Enhanced Starter, Direct Start, ISG) and Regional Forecasting 2020-2027
|Global Automotive Starter Motor by Type (Electric, Gear Reduction,) by Vehicle type (Vehicle Type (Passenger Vehicle and Commercial vehicle), Technology (BAS, Enhanced Starter, Direct Start, ISG) and Regional Forecasting 2020-2027|
Published: February 15, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Automotive Starter Motor Market was valued at USD 15.2 Billion in 2019 and expected to grow with a CAGR 4.5% over the forecast period 2020-2027. An automobile starter motor is a mechanism that converts into mechanical energy the electrical energy contained in the battery in order to crank or start the engine. Furthermore, the automotive starter is an electrical device used to turn on the internal combustion engine and is responsible for the operation of the engine on its own control. Electric, hydraulic and pneumatic car starters may be used. Alternators refer to a feature of the vehicle used to charge the batteries and control the electrical system. For a given number of cycles, the starter motor provides the mechanical energy required to spin the crankshaft. The engine begins the combustion process when the crankshaft starts spinning. When the engine continues to run under its own control, the starter is able to disengage. Increase in production of vehicle globally and increase in demand of lightweight and fuel efficient vehicle drive the market growth over the forecast period 2020-2027. For instance, as per Statista, Global automotive vehicle sales in 2019 was 74.9 million units. Despite that, increase in demand of electric vehicle can be a serious hinderance the growth of market over the forecasting period 2020-2027.
The regional analysis of the Automotive Starter Motor Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. In which, Asia Pacific dominates the market owing to rapid industrial growth and growing economies. However, North America registered the fastest growing region of automotive starter motor market due to continue investment in automotive industry and increase in production of vehicle.
Key Players in Global Automotive Starter Motor Market
Robert Bosch GmbH
Hitachi Automotive Systems, Ltd.
Mitsubishi Electric Corporation
Hella KGAA Hueck & Co.
Motorcar Parts of America
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Passenger Vehicle Commercial VehicleBy Technology:
Belt Alternator Starter
Rest of LA
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of Global Automotive Starter Motor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures