Industry Background:
Starter refers to a device used in the vehicle in order to rotate an internal combustion engine and initiate the engine operation under its own power. The Starter also known as a self-starter, crack motor and starter motor which can be electric, pneumatic or hydraulic. It helps to deliver the mechanical energy which to rotate the crankshaft for a given number of cycles. The crankshafts rotate and the engine begins the process of combustion.
This growth is primarily driven by Increasing Involvement of Electrical and Electronics Component in Vehicle and Common Vehicle Development Platform to Achieve Economies of Scale.
Globally, a noticeable market trend is evident Cost and Design Optimization of Starter Motor
. Major Manufacturers, such as Robert Bosch GmbH (Germany), Denso Corporation (United States), Valeo S.A. (France), Hitachi Automotive (Japan), Lucas Electrical (United Kingdom), Mitsubishi Corporation (Japan), Hella KGaA Hueck & Co. (Germany), Motor Corporation of America (United States), ACDelco (United States), Autolite (United States), BorgWarner (United States), Motorcar Parts of America Inc. (United States), Prestolite Electric (United States), Ningbo zhongwang AUTO Fittings Co.,Ltd. (China), BBB Industries (United States), BorgWarner Inc. (United States), Toyota (Japan), Cummins Inc. (United States) and Unipoint Electric MFG Co., Ltd. (Taiwan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2017, ZMJ, an industrial group that produces auto component and CRCI, a private equity firm announced to Acquire Bosch's Starters and Generators Business. The transaction will lead to SG growth in North America and China and maintain leading market position in Europe
Market Drivers
- Increasing Involvement of Electrical and Electronics Component in Vehicle
- Common Vehicle Development Platform to Achieve Economies of Scale
Market Trend
- Cost and Design Optimization of Starter Motor
- Lightweight Compact Packaging of Starter Motor
Restraints
- Increasing Demand for Electrical Vehicles
- 6-pole excitation concept - low power and high potential intelligent starter motor
Opportunities
Collaboration and tie-up of leading Players
Challenges
Growing Demand for car-sharing services and Taxis
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 Manufacturers 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, Starter Motors Study Sheds Light on
The Starter Motors Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Starter Motors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Starter Motors 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 Manufacturers 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.