What is Truck Starter Motor Market Scope?
Over the past few decades, the global heavy-duty vehicle traffic has been increased drastically across the globe due to increasing globalization and industrialization. The truck motor starters are the devices used to rotate an internal-combustion engine so as to initiate the engine's operation under its own power. These starter motors can be either electric, pneumatic, or hydraulic. However, complex manufacturing and higher initial investments might stagnate the demand for truck motor starters.
The Truck Starter Motor market study is being classified by Type (Direct Control and Electromagnetic Control), by Application (Light-Duty Truck, Medium-Duty Truck and Heavy-Duty Truck) and major geographies with country level break-up.
The Vendors having a strong hold in the market are BorgWarner, DENSO, MAHLE, Mitsubishi Electric, and SEG Automotive. Analysts at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Truck Starter Motor market throughout the predicted period.
BorgWarner Inc. (United States), DENSO Corporation (Japan), MAHLE GmbH (Germany), Mitsubishi Electric Corporation (Japan), SEG Automotive India Pvt Ltd (India), Citigroup Inc. (Remy) (United States), Prestolite Electric Incorporated (United States), SAWAFUJI Electric (Thailand) Co. Ltd. (Thailand), Nikko Electric Industry Co.Ltd. (Japan) and Magneton a.s. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Robert Bosch GmbH (Germany), Valeo (France), Prestolite Electric Incorporated (United States), Hella KGaA Hueck & Co. (Germany) and Hitachi, Ltd. (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Truck Starter Motor market by Type, Application and Region.
On the basis of geography, the market of Truck Starter Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On June 11, 2019, the global mobility service supplier, "DENSO" has partnered with a Fortune 100 company and aerospace manufacturer, "Honeywell Corporation" to develop hybrid-electric and fully-electric propulsion systems for urban air mobility. By converging their automotive and aerospace expertise, DENSO and Honeywell seek to create propulsion systems that make air travel cleaner, quieter, more efficient and easier to maintain. This partnership is assisting in technological developments in materials, generators, & motors and also making electric-powered flight possible, practical and affordable.
On July 9, 2019, a global leader in combustion technologies, "BorgWarner" has successfully tested its two-stage (R2S) turbocharging system for BMW Group’s latest 2.0-liter TwinPower turbo 4-cylinder diesel engine which was featured in most of the latest and upcoming vehicle models across the range. The combination of low-pressure variable turbine geometry (VTG) turbocharger and a high-pressure wastegate turbocharger was tailored to meet the automaker’s specific demands.
Influencing Market Trend
- Growing Demand for Portable and Highly Efficient Truck Starter Motors
- Rising Adoption of Fuel Efficient Truck Starter Motors
Market Drivers
- Increasing Prevalence of Heavy Duty Trucks and Respective Starter Motors
- Escalating Heavy Duty Applications across the Globe
Opportunities
- Increasing Global Truck Traffic will Ultimately Increase the Demand
- Upsurging Automobile Manufacturing Infrastructure across the Globe
Restraints
- Comparatively Higher Initial Investments in Truck Spare Part Replacements
- Significant Post Purchase Maintenance Required across the Globe
Challenges
- Increasing Automobile Spare Part Prices
- Escalating Skilled Labor Cost Across the Globe
Key Target Audience
Truck Starter Motor Manufacturers, Truck Starter Motor Distributors and Traders, Upstream and Downstream Buyers, Government Agencies, Research and Development Institutes and Others
Customization available in this Study:
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