Due to rising demand for passenger and commercial vehicles, the Global Automotive Starter Motor Market expected to rise with 4.55% CAGR between 2019 and 2023. Automotive Starter Motor Market Information Report by Type (electric, pneumatic, and hydraulic), Component (armature, starter drive gear, shift fork, return spring, solenoid, brush, and others), Engine Type (diesel engine and gasoline engine), Vehicle Type (passenger car and commercial vehicle), and Region.
The key players in the global automotive starter motor market include ASIMCO Technologies Ltd. (China), BBB Industries (USA), BorgWarner Inc. (USA), Cummins Inc. (USA), Denso Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Hitachi Automotive Systems, Ltd. (Japan), Lucas Electrical Limited (UK), Mitsuba Corporation (Japan), Mitsubishi Electric (Japan), Ningbo zhongwang AUTO Fittings Co.,Ltd. (China), Remy International, Inc. (USA), Robert Bosch GmbH (Germany), Unipoint Electric MFG Co., Ltd. (Taiwan), and Valeo SA (France).
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Currently, the automotive industry prefers automotive starter motor in diesel and gasoline engines. Automotive starter motor initiates the operation of the vehicle by rotating an internal combustion engine. Market Research Future (MRFR) has published a report about the global automotive starter motor market that conjectures growth with 4.55% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. The key factors that are driving the growth of this market include the development of advanced technology, the rise in the demand for passenger and commercial vehicles, and stringent government regulations for emission. In the emerging economies, the market is rising primarily due to a rise in the demand for passenger and commercial vehicles. Due to regulations regarding emissions, the demand for electric starter motor has started to rise.
The Automotive starter motor market is segmented based on type, component, engine type, and vehicle type. By type, the market is segmented based on electric, pneumatic, and hydraulic. Electric starter motor segment is expected to dominate the market during the forecast period due to increase in demand for gasoline operated vehicles. There has been growing sales of passenger and commercial vehicle operated by gasoline in emerging countries. This will increase the demand for installation of electric starter motor. By component, the market is segmented into armature, starter drive gear, shift fork, return spring, solenoid, brush, and others. Solenoid segment is expected to dominate the market during the forecast period because it allows large electric current pass through the starter motor. By engine type, the market is segmented based on gasoline and diesel. The gasoline segment is expected to dominate the market during the forecast period due to increase in the production of gasoline-powered passenger and commercial vehicles.
The regional segmentation of the global automotive starter motor market segments the market into regional markets like North America, Europe, Asia Pacific, and the rest of the world (RoW). The Asia Pacific market is likely to emerge as a fast-growing market during the forecast period because due to economies rising, the personal disposable income of people in this region is rising because of which the automotive sales are growing in this region, especially in countries like India and China. Another significant country-specific market in this region is Japan, followed by the rest of the Asia Pacific region.
Get Detailed Information@ https://www.marketwatch.com/press-release/automotive-starter-motor-market-2018-global-industry-size-trends-share-competitive-landscape-opportunity-growth-factors-and-regional-outlook-to-2023-2018-08-30
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