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Automotive Starter Motor Market Size (2024 - 2029)

The automotive starter motor market is projected to experience growth over the forecast period, driven by the increasing adoption of hybrid and micro-hybrid vehicles due to stringent emission standards and a shift towards fuel-efficient vehicles. This transition is encouraging automakers to focus on hybrid powertrains, thereby expanding the market's scope. Additionally, the rapid growth of manufacturing industries presents further opportunities for market expansion. Despite the shift, the demand for starter motors remains robust as a significant portion of vehicles continues to rely on internal combustion engines.

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Market Size of Automotive Starter Motor Industry

Automotive Starter Motor Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 15.63 Billion
Market Size (2029) USD 20.35 Billion
CAGR (2024 - 2029) 4.50 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Automotive Starter Motor Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Starter Motor Market Analysis

The Automotive Starter Motor Market size is estimated at USD 15.63 billion in 2024, and is expected to reach USD 20.35 billion by 2029, growing at a CAGR of 4.5% during the forecast period (2024-2029).

Over the medium term, with rising strict emission standards around the globe, auto manufacturers are progressively shifting their production from conventional engine vehicles to electric and hybrid. As vehicles running in micro-hybrid and hybrid vehicles use starter motors, the increase in the number of passenger cars running on this powertrain is expected to drive the market.

Stringent emission standards, fuel efficiency, and government incentives are the major factors driving automakers and buyers to shift toward hybrid vehicles from conventional vehicles. Rising demand for fuel-efficient vehicles across the region is encouraging consumers to buy hybrid vehicles, which is likely to witness major growth for the market during the forecast period.

The rapid expansion of manufacturing industries is likely to create lucrative opportunities for the market during the forecast period. As still majorty of vehicles rely on IC engines, it is expected to remain the demand is growing over the medium to log run.

Automotive Starter Motor Industry Segmentation

A starter motor is a device used to rotate an internal combustion engine to initiate the engine's operation under its power. Starters can be electric, pneumatic, or hydraulic.

The Automotive Starter Motor Market is segmented by vehicle type, application type, type, sales channel, and geography. By vehicle type, the market is segmented into passenger cars and commercial vehicles. By application type, the market is segmented into Internal Combustion engine (IC engine) and hybrid/micro-hybrid powertrains. By type, the market is segmented into electric, pneumatic, hydraulic, and motor generators. By sales channel, the market is segmented into Original Equipment Manufacturers (OEM) and replacement/aftermarket. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World. For each segment, the market sizing and forecast are done based on the value (USD).

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
Original Equipment Manufacturers (OEM)
Replacement/Aftermarket
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
Uinted Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle East and Africa
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Automotive Starter Motor Market Size Summary

The automotive starter motor market is poised for significant growth over the forecast period, driven by the increasing shift towards hybrid and micro-hybrid vehicles. This transition is largely influenced by stringent global emission standards and a growing demand for fuel-efficient vehicles. As automakers pivot from conventional internal combustion engine vehicles to electric and hybrid models, the demand for starter motors is expected to rise. Government incentives and subsidies in various countries further bolster this shift, encouraging consumers to adopt hybrid vehicles. The market is also witnessing a surge in manufacturing activities, particularly in the Asia-Pacific region, where countries like China and India are becoming key players in the automotive industry.

Major automotive manufacturers, including Volkswagen, Stellantis, and BMW, are actively launching new hybrid models to capture market share and meet evolving consumer preferences. The introduction of advanced technologies, such as mild-hybrid systems and start-stop features, is enhancing vehicle fuel efficiency and reducing emissions. Despite the growing popularity of hybrid vehicles, internal combustion engine-powered vehicles continue to dominate sales, particularly in commercial sectors. The market is characterized by the presence of key players like Robert Bosch GmbH and Denso Corporation, who are innovating to meet the rising demand for lightweight and efficient automotive solutions. As the market evolves, the automotive starter motor industry is expected to experience robust growth, driven by technological advancements and changing consumer dynamics.

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Automotive Starter Motor Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rise in Vehicle Sale

    2. 1.2 Market Restraints

      1. 1.2.1 Increase in demand for Electric Vehicles

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size in Value (USD))

    1. 2.1 By Vehicle Type

      1. 2.1.1 Passenger Cars

      2. 2.1.2 Commercial Vehicles

    2. 2.2 By Application Type

      1. 2.2.1 Internal Combustion Engine (IC Engine)

      2. 2.2.2 Hybrid/Micro-Hybrid Powertrain

    3. 2.3 By Type

      1. 2.3.1 Electric

      2. 2.3.2 Pneumatic

      3. 2.3.3 Hydraulic

      4. 2.3.4 Starter Motor Generator

    4. 2.4 By Sales Channel

      1. 2.4.1 Original Equipment Manufacturers (OEM)

      2. 2.4.2 Replacement/Aftermarket

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Rest of North America

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 Uinted Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Italy

        5. 2.5.2.5 Spain

        6. 2.5.2.6 Rest of Europe

      3. 2.5.3 Asia-Pacific

        1. 2.5.3.1 China

        2. 2.5.3.2 India

        3. 2.5.3.3 Japan

        4. 2.5.3.4 South Korea

        5. 2.5.3.5 Rest of Asia-Pacific

      4. 2.5.4 Rest of the World

        1. 2.5.4.1 South America

        2. 2.5.4.2 Middle East and Africa

Automotive Starter Motor Market Size FAQs

The Automotive Starter Motor Market size is expected to reach USD 15.63 billion in 2024 and grow at a CAGR of 4.5% to reach USD 20.35 billion by 2029.

In 2024, the Automotive Starter Motor Market size is expected to reach USD 15.63 billion.

Automotive Starter Motor Market Report Snapshots

Automotive Starter Motor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)