Industry Background:
The automotive starter motor is used to rotate the internal combustion engine to initiate the ignition of the engine. The demand for vehicle starter motor is rising owing to growth in the automotive sector and demand M&HCVs for transporting cargo. An increase in investment in research and development has led to growing innovation in the starter motor.This growth is primarily driven by Rising Electrification of Vehicles, Increasing Vehicle Production, The Rise in the Demand for Passenger Cars and Growing Preference for M&HCVs for Transporting Cargo.
Globally, a noticeable market trend is evident Increasing Focus Towards Development and Upgradation In the Component Technologies. Major Vendors, such as Denso Corporation (Japan), BBB Industries (United States), Valeo SA (France), BorgWarner Inc. (United States), Hella KGaA Hueck & Co. (Germany), Hitachi Automotive Systems, Ltd. (Japan), Robert Bosch GmbH (Germany), Unipoint Electric MFG Co., Ltd. (Taiwan), Lucas Electrical Limited (United Kingdom), Remy International, Inc. (United States), Mitsubishi Electric (Japan) and Cummins Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rising Electrification of Vehicles
- Increasing Vehicle Production
- The Rise in the Demand for Passenger Cars
- Growing Preference for M&HCVs for Transporting Cargo
Market Trend
- Increasing Focus Towards Development and Upgradation In the Component Technologies
Restraints
- Regulations and Rules towards the Development of Fuel Efficiency Norms by Reducing Fuel Emissions
Opportunities
Integrated Starter Generator (ISG) and Compact Clutch Integrated Pulley for Alternators & Direct Start
Challenges
Intense Competition Among Manufacturer
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vehicle Starter Motor Study Sheds Light on
The Vehicle Starter Motor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vehicle Starter Motor industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Starter Motor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.