Global Automotive Starter Motors Market By Size, Demand Analysis, Type, Statistics, Regions and Forecast - 2028

The automotive starter motors market is anticipated to grow at a significant CAGR of 3.1% during the forecast period (2022-2028). In order to crank or start the engine, an automotive starter motor transfers the electrical energy stored in the battery into mechanical energy. The starting motor provides mechanical energy to rotate the crankshaft for a set number of cycles. The engine starts the combustion process when the crankshaft starts moving. Once the engine is running on its own power, the starter may be disengaged. During the forecast period, the automotive starting motor market is projected to be driven by rising vehicle production globally.

The global automotive starter motors market is segmented based on the power source, type, and vehicle type channel. Based on the power source, the market is sub-segmented into electric, pneumatic, and hydraulic. Among these power sources, the electric segment is expected to propel the growth of the market due to the increasing adoption of electric starter motors in automobiles. Based on the type, the market is sub-segmented into direct drive and gear reduction. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2019, SEG Automotive introduced a new 48V mild-hybridization starter motor for e-rickshaws. SEG Automotive has been in the Indian market for 30 years, working with Bosch, and in its first year as an independent company, it has set new targets in the field of electric mobility. Products for more efficient combustion engines, 48V hybrids, and electric mobility are among the company's current offerings. It will now concentrate on electric three-wheelers in order to enhance e-mobility in India and reduce CO2 emissions.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Power Source
o By Type
o By Vehicle Type

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- BorgWarner Inc., Denso Corp., Continental AG, Valeo, Delphi Technologies, Mitsuba Corp., Cummins Inc., Bosch Auto Parts, Hitachi, Ltd., and Mitsubishi Electric Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Automotive Starter Motors Market Report by Segment

By Power Source
• Electric
• Pneumatic
• Hydraulic

By Type
• Direct Drive
• Gear Reduction

By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

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This release was published on openPR.