Automotive starter Motor Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global starter motor market is expected to grow steadily, with a market size of $ 98 million in 2024, is expected to reach $ 133 million in 2032. This market will grow at a CAGR of 3.86% during the forecast period. The main reasons for the expansion of the market are the increasing production of vehicles, the development of automobile technology, and the rising demand for fuel-efficient vehicles and electric vehicles, which require more advanced starter systems to enhance performance and reliability. The development of starter motor technology, such as the development of high-efficiency starter motors and the integration of smart technology, will also drive the market to grow. The major companies in the starter motor industry, such as Denso, Valeo and others, have been investing in research and development to enhance their product offerings and maintain their market shares. Strategic collaborations with car manufacturers and the launch of next-generation starter solutions are also expected to drive market growth in the coming years.

Regional Market Size

Regional Deep Dive

The motor starter market is growing dynamically in different regions, mainly driven by the increasing production of vehicles, the development of new car technology, and the trend towards electric vehicles. In North America, the market is characterized by the strong presence of leading automobile manufacturers and the growing trend towards lightweight and efficient starters. Europe is experiencing a high level of innovation, especially in the field of starters for hybrid and electric vehicles. The Asia-Pacific region is growing rapidly due to the increasing demand for vehicles and the rise in the production of cars. The Middle East and Africa are developing slowly under the influence of economic diversification and investment in the transport system. In Latin America, the local production of starters is gaining importance in order to reduce imports and open up the market.

Europe

• Europe is at the forefront of innovation in the automotive sector, with companies like Bosch and Valeo leading the charge in developing starter motors that support hybrid and electric vehicles, aligning with the EU's Green Deal objectives.
• The European market is also influenced by the stricter regulations on exhaust emissions. It is driving manufacturers to develop new, fuel-saving drive concepts and thereby influencing the design of starter motors.

Asia Pacific

• China and India are seeing a strong growth in the auto industry, with the production of starter motors rising rapidly to meet the demand.
• The region is also experiencing a shift towards electric vehicles, with government initiatives promoting EV adoption, which is driving innovation in starter motor technology to cater to the unique requirements of electric drivetrains.

Latin America

• Latin America is focusing on enhancing local manufacturing capabilities to reduce import dependency, with countries like Brazil and Mexico emerging as key players in the automotive sector, thus boosting the demand for starter motors.
• The region is also seeing a rise in partnerships between local manufacturers and global automotive companies, which is fostering innovation and improving the quality of starter motors produced locally.

North America

• The North American market is influenced by the presence of major automobile manufacturers such as General Motors, Ford, and Tesla, which are investing in advanced starter motors in order to improve the performance and efficiency of their vehicles.
• Recent changes in the regulations governing the exhaust from motor vehicles have forced manufacturers to re-examine their products and come up with more efficient starters that comply with the most stringent requirements of the EPA.

Middle East And Africa

• In the Middle East and Africa, the automotive market is gradually evolving, with investments in infrastructure and local manufacturing initiatives aimed at reducing reliance on imports, which is positively impacting the starter motor market.
• Government programs aimed at diversifying economies, such as Saudi Arabia's Vision 2030, are encouraging automotive investments, leading to increased demand for starter motors as new manufacturing facilities are established.

Did You Know?

“Did you know that the first electric starter motor was introduced in 1912 by Cadillac, revolutionizing the automotive industry by eliminating the need for hand cranking?” — Automotive History Archives

Segmental Market Size

The automobile starter motor market is an important part of the automobile industry, which is experiencing a steady growth, which is mainly driven by increasing vehicle production and the development of automobile technology. Also, the government's stringent emissions regulations and fuel-saving policies have become an important driver for market growth. The emergence of electric vehicles is also reshaping the starter motor market, as manufacturers have to adapt to the new high-power starter requirements of hybrid and pure electric vehicles. The current starter motor market is a mature market, and companies like Denso and Bosch are the leaders in terms of technological innovation and the implementation of advanced starter motors. The main applications of starter motors are in internal combustion engines, hybrid engines, and pure electric vehicles. Starter motors are mainly used to start the engine and play a role in the performance of the car. The trend of the development of electric vehicles and the development of the industry are accelerating the market growth, and the development of brushless motors and the integration of starters and generators is reshaping the industry and ensuring that starters are an important part of the design of modern cars.

Future Outlook

From 2024 to 2032, the market value of the automotive starter motor is expected to increase from 0.09 billion to 0.13 billion, a compound annual growth rate (CAGR) of 3.86%. The growth is driven by the increasing demand for reliable and efficient starters for both internal combustion engines and electric vehicles. As the industry moves towards electrification, the integration of advanced starter motor technology, such as gear reduction and high-torque starters, will further improve the performance and fuel efficiency of starters, thus driving the market. Lightweight materials and improved manufacturing processes will also help to improve the performance and life of starters. The stricter emissions standards and the growing focus on sustainable development will also drive the use of more efficient starters. The rising popularity of hybrid and electric vehicles will also play an important role in the market, because these vehicles often require special starters. In general, the development of the starter motor industry will be accelerated by technological innovation and consumer preferences, and it will continue to grow steadily in the next few years.