Dublin, August 22, 2024 (GLOBE NEWSWIRE) — The report “Truck Starter Motors – Global Strategic Business Report” has been added to The Offer.
The global Truck Starter Motors market is valued at USD 1.7 billion in 2023 and is expected to reach USD 2.2 billion by 2030, growing at a CAGR of 3.3% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.
Growth in the truck starter motor market is driven by several factors including regulatory changes, technological advancements and changes in market demand. Stricter emissions regulations worldwide are forcing truck manufacturers to develop more energy efficient and environmentally friendly technologies.
This regulatory environment encourages the adoption of start-stop and other environmentally friendly technologies that require robust starter motors designed for frequent use. Technological factors also play a crucial role: ongoing improvements in materials science and engineering enable lighter, more efficient and longer-lasting starter motors.
In addition, the increasing demand for commercial vehicles due to the expansion of the logistics and e-commerce sectors has a direct impact on the demand for high-quality and reliable truck starters. These trends show a market that is becoming increasingly dynamic, driven by both innovation and the fundamental need for efficiency and sustainability in the transport sector.
Key findings:
- Market Growth: Understand the significant growth curve of the Light-Duty Trucks Application segment which is expected to reach $1.9 billion by 2030 at a CAGR of 3.5%. The Medium & Heavy-Duty Trucks Application segment is also expected to grow at a CAGR of 2.3% during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated to reach $475.5 million in 2023, and China, which is forecast to grow at an impressive CAGR of 6.4% per year to reach $452.3 million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.
Reporting features:
- Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
- Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Coverage of major players such as Cummins, Inc., Delco Remy (as part of PHINIA, Inc.), Denso Corporation and more.
- Free Updates: Get free report updates for one year to stay informed of the latest market developments.
Main features:
| Report Attribute | Details |
| Number of pages | 194 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 1.7 billion US dollars |
| Projected market value (USD) until 2030 | 2.2 billion US dollars |
| Average annual growth rate | 3.3% |
| Regions covered | Generally |
MARKET OVERVIEW
- Insights into the influencer market
- World market development
- Global economic update
- Starter Motors for Trucks – Percentage Market Share of Major Competitors Worldwide in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in electric starters drive use in trucks
- Increasing demand for fuel efficiency drives innovation in starter motors
- Growing commercial vehicle fleets expand market opportunities
- Growth in heavy trucks and its impact on market dynamics
- Increasing popularity of automatic start-stop systems
- Electrification of trucks and its impact on starter technology
- Demand in the spare parts market drives growth
- Global expansion of the logistics and transport industry
Focus on selected players (Total 56 presented)
- Cummins, Inc.
- Delco Remy (as part of PHINIA, Inc.)
- Denso Corporation
- Hitachi Astemo spare parts market
- J&N (a brand of Whites Moto)
- Lucas Indian Service Ltd.
- Lucas-TVS Limited
- Magneton as
- MAHLE-GmbH
- Mitsubishi Electric Europe BV – Independent aftermarket
- Nikko Electric Industry Co. Ltd.
- For more information, visit: www.prestoliteelectric.com.
- Sawafuji Electric Co., Ltd.
- SEG Automotive India Pvt Ltd
- Varroc Group
- WAI Global
For more information about this report visit https://www.researchandmarkets.com/r/rozm1r
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Global Truck Starter Motors Market
