Global Truck Starter Motor Market 2019-2023

The global truck starter motor market size will grow by over USD 319 million during 2019-2023. This market research report provides a detailed analysis of the market based on segmentations such as application (light-duty trucks and medium and heavy-duty trucks) and geography (the Americas, APAC, and EMEA). The report analyzes the market’s competitive landscape and offers information on several truck starter motor manufacturers including Borg Warner, DENSO, MAHLE, Mitsubishi Electric, and SEG Automotive.

Below are some of the key findings from this truck starter motor market analysis report ​

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Global truck starter motor market outlook

Integrated starter-generators are progressively being produced by vendors to take out the utilization of truck starter motors and brushes in vehicles. Most vehicles are equipped with a system that incorporates a truck starter motor, and an alternator as two separate components and truck starter motor turns into a passive component once the engine cranks and continues operation which substantially expands the parasitic losses of the engine. Vehicle producers like Volkswagen and BMW are progressively exploring different powertrain systems in integrated starter generators to enhance the general proficiency of the power transfer by eliminating truck starter motors that cause parasitic losses. Integrated starter-generators works as a bi-directional power converter changing electrical energy into mechanical energy and the other way around and are also created for hybrid vehicles to expand fuel efficiency and decrease emissions. Thus, the development of integrated starter-generators is impacting the truck starter motor market growth at a CAGR of close to 5% during the forecast period.

Top truck starter motor companies covered in this report

The global truck starter motor market is moderately fragmented. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this truck starter motor market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• BorgWarner
• DENSO
• MAHLE
• Mitsubishi Electric
• SEG Automotive

Truck starter motor market segmentation based on application

• Light-duty trucks
• Medium and heavy-duty trucks

Light-duty trucks were the dominating application of the global truck starter motor market in 2018. The market share of this segment will increase, and it will continue to dominate the market throughout the next five years.

Truck starter motor market segmentation based on region

• The Americas
• APAC
• EMEA

The Americas accounted for the largest truck starter motor market share in 2018. This region will increase its market share and remain the market leader for the next five years.

Key highlights of the global truck starter motor market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the truck starter motor market during the next five years
• Precise estimation of the global truck starter motor market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the truck starter motor market across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of truck starter motor companies

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