Press release
Engine Starter System Market Size & Share for Automotive- Industry Trend and Forecast 2018 - 2026
The main objective of this report is to define, describe, and forecast the global “Engine Starter System Market for Automotive” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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The engine starter system performs the task of starting an engine; however, the engine needs to be cranked in order to start it. The starter system rotates the flywheel, which rotates the crank. When the crank rotates, the pistons start moving. The torque required to move the crankshaft of the engine varies according to the number of cylinders. Higher the number of cylinders in an engine, greater is the torque required to move the crankshaft. Therefore, a fully functional and reliable engine starter system is essential to keep the engine running efficient.
A key driver of the engine starter system market for automotive is the increasing demand for vehicles. Consequently, automotive manufacturers are continuous undertaking research and development activities on the engine starter system in order to make the system more efficient. Another driver for the engine starter system market for automotive is the demand for better fuel economy. Starting an engine must be a quick and easy process. An efficient engine starter system increases the fuel economy of the engine.
A restraint to the market is high cost of the complete system coupled with breakdown of the complete system even when a single component malfunctions. The entire starter system stops working even if a single component of the system fails to perform.
Demand for vehicles has been increasing in recent years. Countries in Asia Pacific such as India and China are prominent markets for the automotive industry. Demand for engine starter systems is likely to increase due to the rise in demand for vehicles. This is anticipated to present significant growth opportunities for the automotive starter system market.
The engine starter system market for automotive can be segmented based on fuel type, starting mode, starting motor type, components, current, battery voltage, vehicle type, sales channel, and geography. In terms of fuel type, the engine starter system market for automotive can be classified into three segments. For heavy vehicles the diesel is preferred as fuel. Most of the passenger vehicles utilizes petrol as fuel. Hence the market of starter system for petrol fuel based vehicles is seems to have pace in the forecast period.
In terms of starting mode, the engine starter system market for automotive can be segmented into two categories. The manual mode of starting is generally utilized in two wheelers, where the engine is cranked manually. Based on starting motor used, the engine starter system market for automotive can be segregated into four segments. However, electric motors are preferred over other types, as they are highly efficient and reliable. As the demand for electric vehicles is gaining pace, the demand for electric motors for starting an engine is likely to have increased demand in the forecast period.
In terms of components, the automotive starter system market can be segmented into six components. Major components of the system are battery and the starting motor. These components are major revenue generating components of this segment. Based on current type, the market can be segregated into two modes. Based on application, the type of current is selected. In terms of battery voltage, the engine starter system market for automotive can be classified into three segments. Now a days 48 volt batteries are having significantly increased demand which is likely to gain pace in the forecast period.
In terms of vehicle type, the market can be segmented into three main categories. Demand for passenger vehicles has been increasing in recent years. This has presented numerous opportunities for the automotive engine starter market.
Based on sales channel, the automotive engine starter market is segmented into two categories. The OEM market segment dominates the engine starter system market for automotive owing to the long term contracts between manufacturers and OEMs.
Based on geography, the engine starter system market for automotive can be segmented into five major regions. Asia Pacific is a prominent market for automotive, where the demand for automobiles is boosting the demand for automotive components. Increased income, aware ness about technologies, will power of purchasing, these are major factors that are pacing the market for engine starter system for automotive in the Asia Pacific region.
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Increasing demand for automobiles propels the demand for its components. Therefore, manufacturers are concentrated on fulfilling the increased demand for key components of vehicles. Key players operating in the global automotive engine starter market include Robert Bosch GmbH, Continental AG, Aptiv, Denso Corporation, Mitsubishi Electric Corporation, Hitachi Ltd., Auto lek Pvt. Ltd., Besoto starting system Pvt. Ltd., Borgwarner Inc., Diamond Electric Mfg. Co. Ltd., Koher Automotive Services, Lucas Electrical Limited, NGK Spark Plug Co., Ltd, Ruian Runrun Auto Parts Co., Ltd., Valeo, and Wai Global Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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