Global Truck Starter Motor Market 2019-2023
About this market
Development of integrated starter generators to drive market growth. Integrated starter generators are increasingly being developed by vendors to eliminate the use of starter motors, belt and pulley coupling system, slip rings, and brushes used in wound rotor alternates as well as incorporate faster control generator voltage during load dumps. Technavio’s analysts have predicted that the truck starter motor market will register a CAGR of close to 5% by 2023.
Growing demand for mini trucks
Mini trucks offer an economical mode of cargo transportation, which will attract the cos sensitive buyers.
Remanufacturing of truck starter motors
The increasing flow of returned products is raising significant concerns among suppliers of automotive components.
For the detailed list of factors that will drive and challenge the growth of the truck starter motor market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Mitsubishi Electric and SEG Automotive the competitive environment is quite intense. Factors such as the growing demand for mini trucks and the development of integrated starter generators, will provide considerable growth opportunities to truck starter motor manufactures. Borg Warner, DENSO, MAHLE, Mitsubishi Electric, and SEG Automotive are some of the major companies covered in this report.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook