Vehicle Starter Motor Market to Witness a Healthy Growth by 2032

The global vehicle starter motor market is estimated to projected growth at a CAGR of around 5% to 6% CAGR during the forecast period 2022-2032. The demand for vehicle starter motors is expected to total US$ 9 Bn by the end of 2032, in comparison to the US$ 6 Bn registered in the years 2021.

The growth in the number of vehicles has led to a continuous increase in the demand for engines over the past few years. This fuelled demand for engines, is, in turn, driving the growth of the vehicle starter motor market. A vehicle starter motor is a component that converts the stored electrical energy in the battery into mechanical power in order to start or crank the engine. The vehicle starter motor distributes the mechanical energy required to rotate the crankshaft for a specified number of cycles. When the crankshaft starts rotating, the engine initiates the procedure of combustion. Moreover, the vehicle starter motor is able to disengage itself once the engine begins to run on its own power.

Before the introduction of the vehicle starter motor technology, earlier engines were started by several other techniques such as gunpowder cylinders, wind-up springs, and human-powered systems such as a detachable crank handle that engaged the front of the crankshaft, to name a few. Therefore, with the advent of technology, vehicle starter motors have been integrated into the operation of engines.

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Vehicle Starter Motor Market: Drivers

The rise in the demand for passenger cars, coupled with the growing preference for M&HCVs for transporting cargo, is expected to spur the demand for vehicle starter motors. Additionally, the application of automotive alternators and starter motors in new segments of vehicles, such as electric and hybrid vehicles, is also set to drive the demand for alternators and vehicle starter motors across the world

However, the increasing efforts being taken by automotive companies to develop and upgrade their component technologies, such as integrated starter generators, in order to abide by the regulations and rules towards the development of fuel efficiency norms by reducing fuel emissions, are likely to hinder the growth of the vehicle starter motor market over the forecast period.

Vehicle Starter Motor Market: Market Participants

Examples of some of the market participants/vendors identified in the vehicle starter motor market across the globe are  Denso Corporation (Japan), BBB Industries (U.S.),  Valeo SA (France), Mitsuba Corporation (Japan), Ningbo zhongwang AUTO Fittings Co., Ltd. (China), BorgWarner Inc. (U.S.), Hella KGaA Hueck & Co. (Germany), Hitachi Automotive Systems, Ltd. (Japan), Robert Bosch GmbH (Germany), ASIMCO Technologies Ltd. (China), Unipoint Electric MFG Co., Ltd. (Taiwan), Lucas Electrical Limited (U.K.), Remy International, Inc. (U.S.), Mitsubishi Electric (Japan), and Cummins Inc. (U.S.)

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand of Vehicle Starter Motors
• Current Trends/Issues/Challenges in the Vehicle Starter Motor Market
• Competition & Companies Involved
• Technology of Vehicle Starter Motors
• Value Chain of the Vehicle Starter Motor Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)