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Global Automotive Starter Motor Market
Global Automotive Starter Motor Market was valued US$ 31.2 Bn in 2018 and is expected to reach US$ 42.4 Bn by 2026, at CAGR of 3.91% during forecast period.
The factors that are responsible for the growth of automotive starter motor market are an increase in the demand for passenger and commercial vehicles, stringent government regulations for emission, development of advanced technology, and among others. The rise in the demand for passenger and commercial vehicle mostly in emerging economies will increase the installation of starter motor in the vehicles.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
The electric starter motor is in high demand owing to stringent government regulation for emission.
There have been many developments in starter motor by the automotive manufacturers, the advance starter motor includes several automatic starts and stops options in the vehicles. This increasing development in the start and stop technology allows the driver to stop the vehicle automatically.
Based on engine type, the gasoline segment is expected to dominate the market during the forecast period owing to the increase in the production of gasoline-powered passenger and commercial vehicles.
By component, solenoid segment is expected to grow at the highest rate during the forecast period because it allows large electric current pass through the starter motor.
Region-wise, the Asia Pacific region is expected to dominate the automotive starter motor market owing to a rise in demand for passenger and commercial vehicles. The growing 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 developing countries are investing heavily in the development of components that meet the government standard. The increased investment by the manufacturers will result in rising production of the starter motor. North America is expected to be the second-largest market owing to an increase in the production of commercial vehicles.
Several major players operating in the market for automotive starter’s motor market. Valeo SA designs produces and sells components, integrated systems, and modules for the automotive sector globally.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Automotive Starter Motor Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Automotive Starter Motor Market.
Scope of the Global Automotive Starter Motor Market
Global Automotive Starter Motor Market, By Type
Global Automotive Starter Motor Market, By Component
• Starter drive gear
• Shift fork
• Return spring
Global Automotive Starter Motor Market, By Engine Type
• Diesel Engine
• Gasoline Engine
Global Automotive Starter Motor Market, By Vehicle Type
• Passenger Car
• Commercial Vehicle
Global Automotive Starter Motor Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Automotive Starter Motor Market
• Valeo SA
• Denso Corporation
• Robert Bosch GmbH
• Ningbo zhongwang AUTO Fittings Co.,Ltd.
• Hitachi Automotive Systems, Ltd.
• Mitsubishi Electric
• ASIMCO Technologies Ltd. (
• Hella KGaA Hueck & Co.
• BBB Industries
• Unipoint Electric MFG Co., Ltd.
• Remy International, Inc.
• Lucas Electrical Limited
• Mitsuba Corporation
• BorgWarner Inc
Fore More Information Visit https://www.maximizemarketresearch.com/market-report/global-automotive-starter-motor-market/32079/This Report Is Submitted By : Maximize Market Research Company
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