Automotive Starter Motor Market Analysis 2018 To 2023, Global Automotive Starter Motor Market 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.
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Global Automotive Starter Motor Market Highlights:
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.
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.
By region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the automotive starter motor market due to an increase in demand for passenger and commercial vehicles. The growth of passenger and commercial vehicles will result in high demand for the installation of different types of starter motors in the vehicles. The OEMs in emerging countries are investing heavily in development of components that meet the government standard. 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. This will increase the demand for starter motor in North America.
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