Overview of the global automotive starter motor market
According to Technavio’s market research analysis, the introduction of common vehicle platforms will be one of the major factors that will have a positive impact on the global automotive starter motor market during the forecast period. Our market research analysts predict that this market will post a revenue growth of more than USD 21 billion by 2022. The adoption of common vehicle design platforms by OEMs is on the rise to develop several products aiming at different vehicle segments and varied customers. The common platforms are increasingly used by OEMs due to the benefits such as increase in economies of scale across the value chain, to differentiate their products from their competitors and stay responsive to shifting lifestyle trends and customer interests. Also, a common vehicle development structural platform implemented to design products for various vehicle segment provides the opportunity for a cost advantage when a single component is designed. This can raise the consumption of many components like starter motor to be fitted into multiple products and keep up their market penetration.
The lightweight compact packaging of starter motors is one of the key trends that will contribute to the market growth in the forthcoming years. One of the key vendors, DENSO has introduced a lightweight starter motor that is 40% lighter than a conventional starter motor. The weight of the starter motor has been reduced with the utilization of innovative pinion shift mechanism that separates the pinion and the overrunning clutch. The compact starter motor assists in easy fitment in the engine compartment, and the lesser weight of starter motor helps in offering better fuel economy.
Companies covered:
Characterized by the presence of several players, the automotive starter motor market appears to be fragmented. This industry research report provides information about the competitive environment among the automotive starter motor manufacturers in this marketspace and offers an analysis of the key companies and their products. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition.
Some of the companies covered in the report are:
- DENSO
- Delphi
- Continental
- BorgWarner
- Valeo
- MAHLE
Geographical segmentation and analysis of the automotive starter motor market
In terms of geographical regions, APAC will be the major revenue contributor of the automotive starter motor market throughout the forecast period. This region holds the highest market share due to the increased demand for automobiles and rise in disposable income.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global automotive starter motor market?
- What are the key market trends impacting the growth of the global automotive starter motormarket?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive starter motor market?
- What are the market opportunities and threats faced by the vendors in the global automotive starter motor market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive starter motor market?