Vehicle Starter Motor Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186770
  • Format: Electronic (PDF)
  • Number of Pages: 215
  • Author(s): Joshi, Madhavi

Report Overview

The Vehicle Starter Motor Market size was estimated at USD 4.2 billion in 2023 and is projected to reach USD 7 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024-2030).

Vehicle Starter Motor Market

(Market Size)
$4.2 billion
$7 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.50%
2023 Market Size USD 4.2 billion
2030 Market Size USD 7 billion
Key Players Denso, Bosch, Valeo, Mitsubishi, Hitachi

Market Summary

The vehicle starter motor market is an integral segment within the global automotive and transportation industry, serving as a critical component responsible for initiating internal combustion engine operation. This market encompasses the production, distribution, and aftermarket services related to starter motors utilized across passenger cars, commercial vehicles, and various other automotive applications. The industry is characterized by a robust supply chain involving raw material suppliers, component manufacturers, OEMs, and aftermarket distributors, all operating within a framework of stringent performance and durability standards. Technological advancements are progressively shaping product development, with a noticeable shift towards enhanced efficiency and reduced environmental impact. Market dynamics are influenced by global vehicle production trends, regulatory policies aimed at emission reduction, and evolving consumer preferences for reliability and performance. The competitive landscape is marked by the presence of established international players and regional manufacturers striving to innovate and capture market share through strategic initiatives.

Key Highlights

The vehicle starter motor market is distinguished by several key aspects that underscore its significance and trajectory. A prominent highlight is the ongoing integration of start-stop system technology, which automatically shuts off and restarts the engine to reduce idle time, thereby lowering fuel consumption and emissions. This innovation has become increasingly standard in modern vehicles, directly fueling demand for more durable and efficient starter motors capable of handling frequent cycling. Another critical element is the relentless pursuit of weight reduction and miniaturization, enabling manufacturers to develop compact starter motors that contribute to overall vehicle lightweighting efforts without compromising on power output or reliability. Furthermore, the aftermarket segment represents a substantial portion of the market, driven by the need for replacement parts due to wear and tear over the vehicle's lifecycle. The market is also witnessing a gradual exploration of compatibility with hybrid electric vehicle architectures, although this remains a developing area. The consistent emphasis on research and development by leading companies to improve energy efficiency and thermal management constitutes a fundamental highlight shaping the industry's future.

Drivers, Opportunities & Restraints

The growth of the vehicle starter motor market is propelled by a combination of drivers, alongside identifiable opportunities and restraints. A primary driver is the sustained global production of automobiles, particularly in emerging economies, which ensures a steady demand for OEM-fitted starter motors. The increasing stringency of government regulations concerning vehicle emissions and fuel economy worldwide is another powerful driver, mandating the adoption of technologies like start-stop systems that directly utilize advanced starter motors. The expanding vehicle parc globally also fuels a consistent aftermarket demand for replacement starter motors, creating a stable revenue stream. Significant opportunities are emerging from the development of starter motors for hybrid vehicles, which require robust systems for frequent engine restarts, and the potential integration of smart diagnostics for predictive maintenance. However, the market faces restraints, including the high cost associated with advanced starter motor technologies, which can impact adoption rates in cost-sensitive markets. The growing penetration of electric vehicles, which do not require traditional starter motors, poses a long-term challenge to market expansion. Additionally, fluctuations in raw material prices, such as copper and steel, can impact manufacturing costs and profit margins for market players.

Concentration Insights

The competitive concentration within the vehicle starter motor market reveals a landscape with a mix of global conglomerates and specialized regional players. The market is moderately concentrated, with a handful of major international corporations holding significant shares due to their extensive product portfolios, strong relationships with global OEMs, and robust distribution networks. These leading players often compete on the basis of technological innovation, product quality, reliability, and global supply chain capabilities. They invest heavily in research and development to introduce more efficient and compact starter motor designs. Alongside these giants, numerous mid-sized and smaller companies operate, frequently focusing on specific regional markets or specializing in the aftermarket segment. These players often compete on price, flexibility, and catering to the replacement needs for older vehicle models. The concentration is also influenced by mergers and acquisitions, as larger entities seek to consolidate their market position and acquire new technologies or access to emerging markets. This structure results in a competitive environment where scale, innovation, and market reach are critical determinants of success.

Type Insights

The vehicle starter motor market is segmented by type, primarily distinguishing between electric and pneumatic starter motors, with electric variants dominating the passenger and light commercial vehicle segments. Electric starter motors are further categorized based on their design and application, including direct drive and planetary gear reduction types. Gear reduction starters are increasingly favored for their ability to provide higher torque at lower current draw, enhancing efficiency and allowing for a more compact design, which is crucial for modern engine compartments with limited space. Pneumatic starters, while less common, are typically reserved for large diesel engines found in heavy-duty commercial vehicles, industrial equipment, and marine applications due to their high torque output and reliability in demanding conditions. The evolution of starter motor types is closely linked to advancements in battery technology and electrical systems within vehicles, enabling more powerful and responsive starting mechanisms. The ongoing refinement of these types focuses on improving durability to withstand the increased cycling demands of start-stop technology and reducing overall weight to contribute to vehicle efficiency goals.

Application Insights

Application insights for the vehicle starter motor market delineate demand across various vehicle categories, principally passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment represents the largest application area, driven by high global production volumes and the widespread adoption of start-stop systems in this category. The integration of advanced starter motors is critical in these vehicles to meet emission standards and enhance fuel economy. The light commercial vehicle segment also constitutes a substantial market, with starter motors designed for the specific duty cycles and reliability requirements of delivery vans, pickup trucks, and small buses. The heavy commercial vehicle segment, including trucks and large buses, requires heavy-duty starter motors capable of turning over large-displacement diesel engines, often in extreme weather conditions. This segment demands products with exceptional durability and high torque output. Furthermore, there is a niche application in the agricultural and construction machinery sector, which relies on robust starting systems. The application demand is intrinsically tied to vehicle sales, fleet sizes, and the operational intensity of different vehicle types, influencing the specifications and technological features of the starter motors developed for each segment.

Regional Insights

Regional analysis of the vehicle starter motor market reveals distinct patterns of demand and growth influenced by economic development, automotive production, and regulatory frameworks. The Asia Pacific region stands as the largest and fastest-growing market, anchored by the massive automotive industries in China, Japan, India, and South Korea. High vehicle production, a expanding middle class, and increasing vehicle ownership rates drive both OEM and aftermarket demand in this region. North America and Europe represent mature markets characterized by stringent emission regulations that accelerate the adoption of start-stop technology and, consequently, advanced starter motors. The well-established automotive aftermarket in these regions also ensures consistent replacement demand. Meanwhile, regions such as Latin America and the Middle East and Africa are emerging markets with growing automotive sectors. Growth here is fueled by increasing industrialization, urbanization, and investments in transportation infrastructure, leading to a rising demand for commercial vehicles and, subsequently, their components. Each region presents a unique set of opportunities and challenges, influenced by local consumer behavior, economic conditions, and government policies related to the automotive industry.

Company Insights

The vehicle starter motor market features a competitive landscape with several key players exerting significant influence through innovation, global reach, and strategic partnerships. Prominent companies such as Denso Corporation, Valeo SA, BorgWarner Inc., Mitsubishi Electric Corporation, and Robert Bosch GmbH are recognized as leaders in this space. These corporations leverage their extensive research and development capabilities to pioneer advancements in starter motor technology, including enhanced efficiency, reduced size, and improved integration with vehicle start-stop systems. Their strong relationships with major global automotive OEMs provide them with a stable stream of business and insights into future vehicle architectures. Other notable players include Hitachi Astemo, Ltd., Hella GmbH & Co. KGaA, and BBB Industries, which also hold considerable market share, often focusing on specific regions or specializing in the remanufacturing and aftermarket segments. The strategies employed by these companies often involve continuous product development, expansion into emerging markets, and strategic acquisitions to broaden their product portfolios and technological expertise. The focus remains on delivering reliable, high-performance components that meet the evolving demands of modern vehicles.

Recent Developments

The vehicle starter motor market has witnessed several recent developments reflecting the industry's adaptive and innovative nature. A significant trend is the intensified focus on developing starter motors specifically engineered for the rigorous demands of start-stop systems, leading to products with extended lifespan and higher cycling capabilities. Companies are investing in materials science to enhance the durability of internal components like armatures, solenoids, and brushes. Another notable development is the exploration of starter motor applications within mild-hybrid vehicle platforms, where they work in conjunction with belt-driven starter generators or other integrated systems. Furthermore, strategic moves such as mergers, acquisitions, and partnerships have been observed as companies aim to consolidate their market position, acquire new technologies, or gain access to new geographic markets. There is also a growing emphasis on sustainability, with initiatives aimed at improving the recyclability of starter motors and reducing the environmental footprint of manufacturing processes. These developments collectively indicate a market that is proactively evolving in response to technological shifts and environmental regulations within the broader automotive industry.

Report Segmentation

This comprehensive market research report on the vehicle starter motor industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market dynamics. The segmentation is structured to cater to the strategic needs of businesses, investors, and stakeholders. The report is meticulously categorized by type, delving into the specifics of electric starter motors and their sub-types like gear reduction and direct drive, as well as pneumatic starters. Application-based segmentation offers in-depth analysis across passenger cars, light commercial vehicles, and heavy commercial vehicles, highlighting the unique demands and growth prospects of each segment. Furthermore, the report provides a thorough regional breakdown, covering key geographies including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with country-level analysis for major markets within these regions. This multi-faceted segmentation enables readers to identify precise growth pockets, understand application-specific trends, evaluate regional competitive landscapes, and make informed decisions regarding investment, expansion, and product development strategies.

FAQs

What is a vehicle starter motor? A vehicle starter motor is an electric motor responsible for initiating the internal combustion engine's operation by turning over, or cranking, the engine until it can sustain operation under its own power. It is a critical component for starting cars, trucks, and other machinery.

How does a starter motor work? When the ignition key is turned or the start button is pressed, an electrical signal is sent from the vehicle's battery to the starter solenoid. The solenoid engages a small pinion gear with the engine's flywheel ring gear. Simultaneously, it allows a high current to flow from the battery to the starter motor, which then spins the pinion gear, thereby cranking the engine to begin the combustion process.

What are the common problems with a starter motor? Common issues include a faulty solenoid that fails to engage the gears, worn-out brushes within the motor that impede electrical contact, a damaged armature that prevents the motor from spinning, and general corrosion or loose electrical connections that disrupt power flow from the battery.

What is the difference between a starter and an alternator? The starter motor uses electrical energy from the battery to mechanically crank the engine and start the vehicle. In contrast, the alternator is a generator that converts mechanical energy from the running engine back into electrical energy to recharge the battery and power the vehicle's electrical systems while the engine is operating.

Can a starter motor be repaired? Yes, a starter motor can often be repaired, particularly in the aftermarket. Common repairs involve replacing worn components such as the solenoid, brushes, bearings, or the drive mechanism. However, the economic feasibility of repair versus replacement depends on the extent of the damage and the cost of parts and labor.

What are the signs of a failing starter motor? Key indicators include a clicking noise when turning the key without the engine cranking, the engine cranking very slowly or intermittently, smoke or a burning smell emanating from the starter due to electrical overload, and the vehicle failing to start despite the battery being in good condition.

Citius Research has developed a research report titled “Vehicle Starter Motor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Vehicle Starter Motor Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Vehicle Starter Motor Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Vehicle Starter Motor Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Vehicle Starter Motor Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Vehicle Starter Motor Market
• Research Methodology
• Executive Summary
• Market Dynamics of Vehicle Starter Motor Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Vehicle Starter Motor Market
• Cost and Gross Margin Analysis of Vehicle Starter Motor Market
• Vehicle Starter Motor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Vehicle Starter Motor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Vehicle Starter Motor Market Key Stakeholders

Below are the key stakeholders for the Vehicle Starter Motor Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Vehicle Starter Motor Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Vehicle Starter Motor Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Vehicle Starter Motor Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Vehicle Starter Motor Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Vehicle Starter Motor Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Vehicle Starter Motor Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Vehicle Starter Motor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Vehicle Starter Motor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Vehicle Starter Motor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Vehicle Starter Motor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Vehicle Starter Motor Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Vehicle Starter Motor Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Vehicle Starter Motor Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Vehicle Starter Motor Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Vehicle Starter Motor Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Vehicle Starter Motor Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Vehicle Starter Motor Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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