by The global automotive starter motor market size surpassed USD 31.4 billion in 2023 and is projected to reach around USD 48.53 billion by 2032, growing at a CAGR of 4.50% during the forecast period from 2023 to 2032.
Key Points
- By region, Asia-Pacific contributed more than 41% of revenue share in the automotive starter motor market in 2022. North America region is estimated to expand the fastest CAGR between 2023 and 2032.
- By vehicle type, the commercial vehicles segment has held the largest market share of 65% in 2022. On the other hand, the passenger cars segment is anticipated to grow at a remarkable CAGR of 5.8% between 2023 and 2032.
- By application type, the internal combustion engine (IC engine) segment had the largest market share of 60% in 2022. Whereas the hybrid/micro-hybrid powertrain segment is expected to expand at the fastest CAGR over the projected period.
- By type, the electric segment had the largest market share of 32% in 2022. On the other hand, the hydraulic segment is expected to expand at the fastest CAGR over the projected period.
- By sales channel, the OEM segment had the largest market share of 55% in 2022. Meanwhile, the replacement/aftermarket segment is expected to expand at the fastest CAGR over the projected period.
The automotive starter motor market refers to the segment of the automotive industry involved in the production and distribution of starter motors used in vehicles. Starter motors play a critical role in initiating the engine’s operation by providing the initial rotation required for combustion. The market encompasses various types of starter motors, including traditional direct drive starters and newer technologies like gear reduction starters and start-stop systems. This market is influenced by trends in the automotive sector, including vehicle electrification and advancements in starter motor technology.
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Growth Factors:
Several key factors contribute to the growth of the automotive starter motor market. Firstly, the expanding automotive industry globally, particularly in emerging economies, drives the demand for starter motors as more vehicles are manufactured and sold. Additionally, the increasing adoption of electric vehicles (EVs) and hybrid vehicles fuels demand for specialized starter motor technologies suited for these platforms. Furthermore, stringent emission regulations and the need for fuel efficiency are pushing automakers to adopt start-stop systems, further boosting the market for advanced starter motor solutions.
Region Insights:
The automotive starter motor market exhibits varying dynamics across different regions. Developed regions like North America and Europe have well-established automotive industries and stringent emission standards, driving demand for innovative and efficient starter motor technologies. In contrast, regions such as Asia-Pacific are experiencing rapid growth due to the expanding automotive manufacturing sector, especially in countries like China and India. These regions offer significant growth opportunities for starter motor manufacturers due to the increasing vehicle production and rising adoption of EVs.
Automotive Starter Motor Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 32.66 Billion |
| Market Size by 2032 | USD 48.53 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.50% |
| Largest Market | Asia-Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Vehicle Type, By Type, and By Sales Channel |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Automotive Starter Motor Market Dynamics
Drivers:
Key drivers influencing the automotive starter motor market include technological advancements aimed at improving efficiency and durability of starter motors. Innovations such as integrated starter-generators and smart start-stop systems are gaining traction due to their ability to enhance fuel efficiency and reduce emissions. Moreover, the growing demand for electric and hybrid vehicles is propelling research and development efforts toward electric starter motors and other alternative technologies, reshaping the market landscape.
Opportunities:
The automotive starter motor market presents several opportunities for growth and innovation. With the rise of electric vehicles, there is a need for more efficient and compact starter motor solutions that integrate seamlessly with electric drivetrains. Moreover, increasing consumer demand for vehicles equipped with start-stop systems opens avenues for developing advanced starter motor technologies that can withstand frequent start-stop cycles while enhancing vehicle performance and longevity.
Challenges:
Despite opportunities, the automotive starter motor market faces certain challenges. One significant challenge is the shift towards electrification, which may reduce the overall demand for traditional starter motors in internal combustion engine vehicles over time. This necessitates adaptation and investment in new technologies by starter motor manufacturers. Additionally, pricing pressures and competition within the market pose challenges in maintaining profitability while meeting evolving customer demands and regulatory requirements.
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Recent Developments
- In 2021, SEG Automotive introduced an upgraded version of its SC60 and S78 starter motors, setting new benchmarks in the industry. The SC60, touted as one of the most compact in its class, is tailored to snugly fit into smaller vehicles, particularly compact cars. It impressively delivers up to 1.2kW of starting power, ensuring reliable ignition. In parallel, the S78 platform for start-stop motors offers a substantial power output of up to 2.2kW. This technology not only enhances the efficiency of start-stop systems but also caters to more demanding applications, particularly in larger and more power-hungry vehicles.
Automotive Starter Motor Market Players
- Bosch
- Denso Corporation
- Valeo
- Hitachi Automotive Systems
- Mitsubishi Electric
- Mitsuba Corporation
- Hella KGaA Hueck & Co.
- BorgWarner Inc.
- Mahle GmbH
- Prestolite Electric
- Lucas Electrical
- ASIMCO
- Remy International, Inc.
Segments Covered in the Report
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Application Type
- Internal Combustion Engine (IC Engine)
- Hybrid/Micro-Hybrid Powertrain
By Type
- Electric
- Pneumatic
- Hydraulic
- Starter Motor Generator
By Sales Channel
- OEM
- Replacement/Aftermarket
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
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