Global Automotive Starter Motor Market 2018-2022
About Automotive Starter Motor
A starter motor, also known as cranking or self-motor, is a device used to start the operation of an internal combustion engine under its own power. Starter motor can be hydraulic, pneumatic, or electric.
Technavio’s analysts forecast the global automotive starter motor market to grow at a CAGR of 2.91 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive starter motor market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of automotive starter motor.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Starter Motor Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive starter motor market: DENSO, Delphi, Continental, BorgWarner, Valeo, MAHLE
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Lightweight compact packaging of starter motor. The fuel emission regulations in Europe and North America put enormous pressure on manufacturers to lower fuel consumption, improve the existing mileage of vehicles, and develop innovative and efficient new designs. The CAFE regulation has set the standard for new cars and truck to achieve fuel efficiency of 54.5 mpg by 2025. One of the effective ways of increasing fuel efficiency is by reducing the weight of the vehicles. Two-third of the energy generated by the engine is required to move the vehicle. So, there is an increasing adoption of advanced materials by OEMs to reduce the weight of vehicles.”
According to the report, one of the major drivers for this market is Common vehicle development platform to achieve economies of scale. The common vehicle design platforms are increasingly being adopted by OEMs to develop multiple products targeting different vehicle segments and different customers. A singular platform is produced in high-volume as it is implemented through different vehicle segments.
Further, the report states that one of the major factors hindering the growth of this market is Growing demand for taxis and car-sharing services. The number of people opting for on-demand taxi operators is increasing due to lack of parking space for a self-drive car, and aggressive discount offers are given by on-demand taxi operators to attract more customers.
DENSO, Delphi, Continental, BorgWarner, Valeo, MAHLE