Automotive Starter Motor and Alternator Market- By Vehicle Type (ICE, Hybrids, and Others), Product type (Electric Starter Motors, and Gear Reduction Starter Motors), Power output (1.0 Kw-3.0 Kw, 3.0 Kw-5.0 Kw, and 5.0 Kw & Above), Technology (Enhanced St
According to American Auto Council, FCA, General Motors, and Ford, together, invest around $18 billion in research and development every year. These companies have manufactured around 6.6 million vehicles in the U.S. during the last year.
The growing investments by key players on R&D in the market together with mergers and acquisitions is expected to propel the market growth in coming future. There is a high demand for electric starter motors as it is used in the manufacturing of light commercial vehicles and most of the passenger vehicles. Pneumatic starter motors are mainly used in heavy vehicles, however, do not find much application in medium and small-sized vehicles. Hydraulic starter motors find application in diesel engines and can be recharged manually unlike other starter motors. Fuel starting motors, as well as spring starter motors, are included in the others segment, which is rarely used as an application in passenger vehicles in addition to other conventional vehicles. However, such starters are anticipated to discover immense application in hybrid and electric vehicles of tomorrow.
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The major factor driving the growth of the market is growing production of vehicles across the globe. Furthermore, rising adoption of electric vehicles owing to environmental concerns and rising air pollution is further predicted to grow the demand for the market during the estimated period. On the other hand, the increasing production of hybrid vehicles is expected to hinder the growth of the market. The introduction of electric vehicles in the market to find eco-friendly solutions to the increasing pollution levels is anticipated to boost the demand for the market in the coming years. Moreover, growing preference for fuel efficient and lightweight vehicles is further expected to raise the demand for automotive starters and alternators in coming years.
The global automotive starter motor and alternator market is segmented on the basis of the region covering North America, Asia Pacific, Europe, and LAMEA. Asia Pacific is predicted to show the rapid growth in the automotive starter and alternator market over the forecast period. In Asia Pacific, promising economies like India and China, are expected to grow at considerable rate during the forecast period owing to the presence of constantly growing automobile manufacturing companies in the countries. The growing demand for starters and alternators in North America due to the rising production of vehicles, together with continuous investment in this market is predicted to boost the demand for the market in the near future.
The automotive starter and alternator market in Latin America and Middle East & Africa is expected to witness stable growth owing to the slow demand in the region. On the other hand, growing demand for vehicles is predicted to create beneficial growth opportunities for this market. The manufacturers of this market are growing their businesses in emerging economies like India, Russia, and China etc. as these countries are more focused on improvement of automotive sectors.
Ningbo zhongwang auto fittings Co. LTD
Hitachi Automotive Systems, Ltd.
Robert Bosch GmbH
Unipoint Electric MFG Co., Ltd.
Mitsubishi Electric Corporation
ASIMCO Technologies Ltd
Hella KGaA Hueck & Co.
Lucas Electrical Limited
Mitsuba Corporation and Others
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Several major developments that are recently introduced to the starter motor and its circuit includes the introduction of permanent magnet motors in addition to the growth in torque through the use of gear reduction. Starters are now available with a predicted service life of 50,000 reliable starts. This corresponds to over half a million kilometers run on the road. The technology involved in the starter motor is well advanced.
DENSO was the first manufacturer in the world to use a rectangular conductor for its stator coil. This development was considered as a breakthrough - increasing the winding density from about 45 to 70 percent. This advancement enabled the creation of an alternator that is 20 percent lighter and increased the power output by up to 50 percent in comparison to conventional types.
Automotive Starter Motor and Alternator Market Segmentation:
By Vehicle Type:
By Product Type:
Gear Reduction Starter Motors
Electric Starter Motors
By Power Output:
1.0 Kw-3.0 Kw
3.0 Kw-5.0 Kw
5.0 Kw & Above
Belt Driven Starter motor and alternator
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
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