Automotive Starter Motor Trends and Forecast
The future of the global automotive starter motor market looks promising with opportunities in the diesel engine and gasoline engine markets. The global automotive starter motor market is expected to reach an estimated $38.7 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing automotive production and sales worldwide, developments in starter motor technology, such as the advancement of integrated starter generators (ISGs) to enhance the performance and efficiency of vehicles, as well as, growing popularity of electric cars, whose internal combustion engines need starter motors.
• Lucintel forecasts that, within the type category, passenger car will remain a larger segment over the forecast period due to growth in the population globally, increase in automotive demand, and rising disposable income.
• In terms of regions, North America will remain the largest region over the forecast period due to automotive production expansion and continued investment in this industry.
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Emerging Trends in the Automotive Starter Motor Market
Emerging trends in the automotive starter motor market are shaping its future applications and market dynamics:
• Rise of Electric Vehicles (EVs): Growth within the EV market has led to a demand for customized starters designed for electric powertrains. These motors contribute to better performance and management of energy by increasing reliability and improving efficiency, especially within electric or hybrid cars.
• Integration with Start-Stop Systems: The use of starter motors in conjunction with start-stop systems leads to better fuel consumption rates while reducing emissions. The engine stops running when idle and restarts quickly when required, thus enhancing vehicle effectiveness overall.
• Technology Advancements in Materials: Material innovation, such as high-performance alloys and composites, is improving the strength and efficiency of starting motors. This has led to improved performance and an increased lifespan, which is beneficial for modern automotive applications.
• Focus on Noise and Vibration Reduction: Reducing noise and vibrations is becoming a major trend in the development of starting motors. To improve the driving experience and meet stringent noise regulations, manufacturers are producing quieter starter motors.
• Miniaturization and Lightweight Design: The miniaturization and lightweight design concepts are influencing the development of starter motors. Improved fuel efficiency and performance can be realized through lighter and smaller starter motors, which also contribute to space savings for use in other areas of vehicle design.
Thus, trends towards more efficient, durable, and technologically advanced electric vehicles, along with the growth of electric vehicle start-stop systems, stem from advancements in technology.
Recent Developments in the Automotive Starter Motor Market
Ongoing innovations and advancements in various sectors of the automotive starter motor market have been highlighted by recent developments:
• Advanced Electric Starter Motors: The demand for advanced electric starter motors is increasing as hybrid electric vehicles penetrate the market. These motors provide better efficiency and performance, meeting today’s powertrain requirements and supporting EV segment growth.
• Material Innovations: Innovations in material technologies, such as high-performance alloys and composites, are enhancing the durability and efficiency of starter motors. These materials make starter motors more efficient over time while increasing their service life, enabling use under harsh conditions.
• Integration with Start-Stop Systems: The integration of starter motors with start-stop systems is becoming more common. This means that the engine turns off when a car is stationary and restarts quickly when needed, contributing to vehicle efficiency and fuel savings.
• Miniaturization Trends: Smaller and lighter starting motors are being developed to support the trend towards smaller vehicles with reduced weight. These compact designs align with the industry trend towards lightweight components for automotive applications where space savings are important.
• Enhanced Noise and Vibration Control: Recent developments aim to reduce noise from starting motors. This has led to design improvements resulting in quieter running engines, enhancing the driving experience and meeting regulatory standards for noise reduction.
The above developments show that technological advancements and evolving market needs have led to improved electric vehicle starters that increase efficiency and reliability.
Strategic Growth Opportunities for Automotive Starter Motor Market
Some key strategic growth opportunities for this market include:
• EV Integration: The growing popularity of electric vehicles presents a major opportunity for developing specialized EV and hybrid vehicle starter motors. This includes improving motor efficiency and performance to meet the demands of such powertrains, thereby driving growth in this segment.
• Start-Stop System Enhancements: The introduction of start-stop systems creates opportunities to develop advanced starter motors that can seamlessly fit into these technologies. Enhancing the durability and performance of start-stop applications leads to increased fuel economy and reduced emissions.
• Material Innovations: Investing in new materials technology will lead to more durable and lighter starter motors. Exploring advanced composites and alloys can improve their lifespan, meeting the requirements of modern automotive applications while responding to market demand for high-quality components.
• Emerging Markets Expansion: Expansion into emerging markets, such as India and China, represents an opportunity for growth due to higher automotive production and demand. Designing starter motors specifically for these markets can drive substantial growth rates and market penetration.
• Technological Integration with Advanced Systems: Integrating starters with future automobile technologies, such as ADAS (advanced driver assistance systems) and autonomous driving, allows for improved functionality of starter motors in next-generation vehicles.
These strategic growth opportunities highlight areas for innovation and expansion in the automotive starter motor market, driven by trends in electric vehicles, start-stop systems, material advancements, and technological integration.
Automotive Starter Motor Market Driver and Challenges
The main drivers behind the automotive starter motor market, along with some challenges, are influenced by various technological, economic, and regulatory factors.
The factors responsible for driving the automotive starter motor market include:
• Technology Advancements: Better-designed starter motors using improved materials result in enhanced performance, thus increasing market share. They also feature capabilities such as integration into a car’s start-stop system, making them more advanced.
• Growing Electric Vehicle Market: This growth has led to the development of special starter motors specifically designed for electric powertrains. Therefore, there is innovation and growth in this market, focusing on the requirements of EVs and hybrids.
• Regulatory Pressures for Efficiency: Increased government regulations on fuel consumption and emissions are pushing manufacturers to produce better-performing yet more efficient starters. These demands influence innovation and market expansion, necessary for achieving global environmental goals.
• Rising Automotive Production: Increasing automotive production worldwide boosts demand for starter motors. Growth in both passenger and commercial vehicle segments supports market expansion and drives demand for reliable starter motors.
• Consumer Demand for Reliability: Rising consumer expectations about durability in the automotive sector are driving innovations in starter motor technology. Market needs require improved performance and extended lifespan.
Challenges in the automotive starter motor market include:
• High Development Costs: Technology investments related to advanced starter motor development can be significant. Research, materials, and manufacturing processes affect profitability and present obstacles for manufacturers entering the market.
• Regulatory Compliance: Compliance with efficiency, emissions, and safety requirements can be challenging, involving adherence to strict regulations concerning these aspects of automobile design. Stricter rules complicate the development or manufacture of starter motors.
• Competition in the Market: Competition among manufacturers is intense, driving the need for price reductions and creating challenges for product differentiation. Sustaining competitiveness through constant innovation and strategic positioning requires competition based on performance, quality, and cost.
Market growth is driven by technological advancements, the rise of electric vehicles, and regulatory pressures; however, challenges such as high development costs, regulatory compliance, and market competition affect the overall dynamics of the automotive starter motor market.
List of Automotive Starter Motor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive starter motor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive starter motor companies profiled in this report include-
• Valeo
• Denso
• Robert Bosch
• Ningbo zhongwang AUTO Fittings
• Hitachi Automotive Systems
• Mitsubishi Electric
• ASIMCO Technologies
• Hella
• BBB Industries
• Unipoint Electric
Automotive Starter Motor by Segment
The study includes a forecast for the global automotive starter motor by vehicle type, type, component, engine, and region.
Automotive Starter Motor Market by Vehicle Type [Analysis by Value from 2018 to 2030]:
• Passenger Car
• Commercial Vehicle
Automotive Starter Motor Market by Type [Analysis by Value from 2018 to 2030]:
• Electric
• Pneumatic
• Hydraulic
Automotive Starter Motor Market by Component [Analysis by Value from 2018 to 2030]:
• Armature
• Starter Drive Gear
• Shift Fork
• Return Spring
• Solenoid
• Brush
Automotive Starter Motor Market by Engine [Analysis by Value from 2018 to 2030]:
• Diesel Engine
• Gasoline Engine
Automotive Starter Motor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Automotive Starter Motor Market
Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below are recent developments by major automotive starter motor producers in key regions: the USA, EU, China, India, Japan, and Germany.
• United States: The automotive market in the United States is focusing on innovation in materials and design to enhance starter motor efficiency. Recent advancements include enhanced thermal management and the incorporation of start-stop systems that contribute to better fuel efficiency with reduced emissions. Companies are also investing in starter motors for electric and hybrid vehicles to meet evolving performance standards.
• China: China’s focus is on scaling production while integrating its new energy vehicles (NEVs) with startup units. Recent achievements involve manufacturing process improvements that cut costs and increase durability. The country is also targeting high-efficiency starters to match the fast-growing EV market and meet strict environmental regulations.
• Germany: The German auto industry seeks precision engineering through the advanced integration of modern technologies within its starter motors. For instance, there are designs specifically meant for high-performance engines and improvements for ADAS compatibility. Additionally, efforts to reduce noise and vibrations aim to improve the overall driving experience, aligning with the high standards of German vehicles.
• India: The Indian market is seeing growth in affordable and durable starter motors due to increasing automotive production. Recent advancements include the adoption of cost-effective materials and manufacturing techniques. To reduce costs, localizing production and supporting an emerging automotive industry that emphasizes robustness and reliability in starters for both passenger and commercial vehicles is essential.
• Japan: Japan is advancing starter motor technology with a focus on hybrid and electric vehicles. Innovations include compact designs and integration with advanced electronic controls. Japanese manufacturers are also working on improving energy efficiency and reducing environmental impact, aligning with the countryÄX%$%Xs commitment to cutting-edge automotive technologies and sustainability goals.
Features of the Global Automotive Starter Motor Market
Market Size Estimates: Automotive starter motor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive starter motor market size by vehicle type, type, component, engine, and region in terms of value ($B).
Regional Analysis: Automotive starter motor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle type, type, component, engine, and regions for the automotive starter motor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive starter motor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the automotive starter motor market size?
Answer: The global automotive starter motor market is expected to reach an estimated $38.7 billion by 2030.
Q2. What is the growth forecast for automotive starter motor market?
Answer: The global automotive starter motor market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive starter motor market?
Answer: The major drivers for this market are increasing automotive production and sales worldwide, developments in starter motor technology, such as the advancement of integrated starter generators (ISGs) to enhance the performance and efficiency of vehicles, as well as, growing popularity of electric cars, whose internal combustion engines need starter motors.
Q4. What are the major segments for automotive starter motor market?
Answer: The future of the global automotive starter motor market looks promising with opportunities in the diesel engine and gasoline engine markets.
Q5. Who are the key automotive starter motor market companies?
Answer: Some of the key automotive starter motor companies are as follows:
• Valeo
• Denso
• Robert Bosch
• Ningbo zhongwang AUTO Fittings
• Hitachi Automotive Systems
• Mitsubishi Electric
• ASIMCO Technologies
• Hella
• BBB Industries
• Unipoint Electric
Q6. Which automotive starter motor market segment will be the largest in future?
Answer: Lucintel forecasts that passenger car will remain the larger segment over the forecast period due to growth in the population globally, increase in automotive demand, and rising disposable income.
Q7. In automotive starter motor market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to automotive production expansion and continued investment in this industry.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive starter motor market by vehicle type (passenger car and commercial vehicle), type (electric, pneumatic, and hydraulic), component (armature, starter drive gear, shift fork, return spring, solenoid, and brush), engine (diesel engine and gasoline engine), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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