Press release
Automotive Starter Motor Market Poised to Reach USD 101.73 Billion by 2030, Growing at a 5.6% CAGR
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ญ ๐ญ๐จ ๐๐ฑ๐ฉ๐๐ง๐ ๐๐ญ ๐ ๐๐จ๐๐ฎ๐ฌ๐ญ ๐๐๐๐ ๐จ๐ ๐.๐% ๐๐ฏ๐๐ซ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ซ๐ข๐จ๐The global automotive starter motor market was valued at USD 9.8 billion in 2023 and is projected to reach USD 14.3 billion by 2030, growing at a CAGR of 4.7% from 2024 to 2030. This growth is driven by increasing automotive production, technological advancements, and a surge in the adoption of electric vehicles worldwide. The market is characterized by intense competition among key players, ongoing mergers and acquisitions, and advancements in starter motor technologies.
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
Vietnam is emerging as a significant hub for automotive manufacturing, fueled by government incentives and foreign direct investments. Companies like VinFast are expanding their production capacities, creating opportunities for starter motor manufacturers. The market in Vietnam is expected to grow steadily, driven by a rising middle class and increasing vehicle demand.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ:
Expansion of local manufacturing capabilities.
Rising investments in electric vehicle production.
Consolidation in Vietnam: Recent collaborations between Vietnamese automotive firms and global technology providers are boosting the development of high-efficiency starter motors.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ญ๐จ๐๐๐ฒ : https://www.maximizemarketresearch.com/request-sample/69396/
๐๐ก๐ข๐ง๐: ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
China dominates the global automotive starter motor market, driven by its robust automotive industry and leadership in electric vehicle production. Major companies like BYD and Geely are heavily investing in advanced starter motor technologies to enhance vehicle efficiency.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ก๐ข๐ง๐:
Increased focus on lightweight and energy-efficient starter motors.
Government policies promoting electric vehicle adoption.
Consolidation in China: Significant mergers and acquisitions, such as Geely's partnership with Volvo, are reshaping the market landscape.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
Thailand's position as a regional automotive hub continues to bolster its starter motor market. The country's focus on eco-friendly vehicles has spurred demand for innovative starter motor solutions.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐:
Growth in eco-friendly automotive production.
Investments in hybrid and electric vehicle technology.
Recent Updates in Thailand: Collaborations between local firms and global leaders, such as Toyota, are introducing advanced starter motor technologies to the market.
๐๐๐ฉ๐๐ง: ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
Japan's emphasis on automotive innovation ensures its continued leadership in the starter motor market. Companies like ๐๐๐ง๐ฌ๐จ ๐๐ง๐ ๐๐ข๐ญ๐ฌ๐ฎ๐๐ข๐ฌ๐ก๐ข ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ are pioneers in developing next-generation starter motors.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง:
Focus on compact, lightweight starter motors.
Advancements in smart and integrated systems.
Consolidation in Japan: Strategic partnerships and acquisitions, such as Denso's collaborations with leading automakers, are strengthening its market position.
๐๐จ๐จ๐ค๐ข๐ง๐ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/69396/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
South Korea's thriving automotive sector, led by companies like ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐ง๐ ๐๐ข๐ is driving growth in the starter motor market. The focus on electric vehicles has created new avenues for innovation.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐:
Integration of AI-driven starter motor systems.
Research into low-noise and energy-efficient technologies.
Consolidation in South Korea: Mergers and joint ventures among domestic and global players are enhancing market dynamics.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
While Singapore's automotive industry is relatively small, its focus on smart technologies and sustainable solutions is influencing the regional starter motor market.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Investments in autonomous and electric vehicle technologies.
Research collaborations with global automotive leaders.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
The United States remains a significant contributor to the global automotive starter motor market. Companies like Delphi and BorgWarner are spearheading advancements in starter motor technologies.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐:
Adoption of starter motors for electric and hybrid vehicles.
Focus on enhancing durability and performance.
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ
Europe's automotive industry is at the forefront of technological advancements, with a strong focus on sustainability and efficiency. Key players like Bosch and Valeo are investing heavily in R&D.
๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐:
Development of starter motors for hybrid and electric vehicles.
Stringent emission regulations driving innovation.
Recent Updates in Europe: Collaborations between automakers and technology firms are driving advancements in smart starter motor systems.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ค๐๐ฒ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ :
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
From a global perspective, the Asia Pacific area holds a significant market share of over 75%. The Asia Pacific area is experiencing tremendous expansion in the passenger vehicle market. The APAC area includes densely populated nations like China and India, where household incomes are rising. Supporting the expansion of the automobile industry directly boosts the global market.
๐๐ฒ ๐๐ง๐ ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
Diesel Engine
Petrol Engine
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ญ๐ ๐๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ฒ ๐ฏ๐ข๐๐ฐ๐ข๐ง๐ ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ : @https://www.maximizemarketresearch.com/market-report/global-automotive-starter-motor-market-2/69396/
๐๐๐๐ซ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ :
1. BorgWarner Inc.
2. DENSO EUROPE
3. Continental AG
4. Valeo
5. Delphi Technologies
6. Mitsuba Corp
7. Cummins Inc.
8. Bosch Auto Parts
9. Hitachi, Ltd
10. Mitsubishi Electric Corporation
๐๐๐ญ ๐๐ง๐ฌ๐ฐ๐๐ซ๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐๐ฉ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ญ๐๐ซ๐ญ๐๐ซ ๐๐จ๐ญ๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ :
What is Automotive Starter Motor ?
What is the growth rate of the Automotive Starter Motor Market?
Which are the factors expected to drive the Automotive Starter Motor market growth?
What is the CAGR at which the Automotive Starter Motor market will grow during the forecast period?
What are the different segments of the Automotive Starter Motor Market?
Which is the fastest growing region in the Automotive Starter Motor market?
What growth strategies are the players considering to increase their presence in Automotive Starter Motor ?
What are the upcoming opportunities and trends for the Automotive Starter Motor Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Starter Motor Market?
Who are the leading companies and what are their portfolios in Automotive Starter Motor Market?
What segments are covered in the Automotive Starter Motor Market?
Who are the key players in the Automotive Starter Motor market?
๐๐๐ข๐ง ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐๐ฅ๐ฎ๐๐๐ฅ๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/69396/
๐๐๐ญ ๐ ๐๐ฅ๐จ๐ฌ๐๐ซ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐ ๐๐ฆ๐-๐๐ก๐๐ง๐ ๐ข๐ง๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ.
Past Size and Competitive Landscape
โข Past Pricing and price curve by region
โข Size, Share, Size Forecast by different segment
โข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โข Segmentation A detailed analysis by segment with their sub-segments and Region
โข Competitive Landscape Profiles of selected key players by region from a strategic perspective
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐๐ญ๐ฌ :
โฆ Plastic Recycling Market https://www.maximizemarketresearch.com/market-report/global-plastic-recycling-market/55199/
โฆ Microalgae market https://www.maximizemarketresearch.com/market-report/global-microalgae-based-products-market/63970/
โฆ storage tank Market https://www.maximizemarketresearch.com/market-report/storage-tank-market/195623/
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โฆ Sports Tourism Market https://www.maximizemarketresearch.com/market-report/sports-tourism-market/191030/
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