Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "Truck Starter Motors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Truck Starter Motors is estimated at US$1.7 Billion in 2023 and is projected to reach US$2.2 Billion by 2030, growing at a CAGR of 3.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the truck starter motor market is driven by several factors, including regulatory changes, technological advancements, and shifts in market demand. Stricter emissions regulations globally are pushing truck manufacturers to innovate towards more energy-efficient and environmentally friendly technologies.
This regulatory environment is promoting the adoption of start-stop and other green technologies that require robust starter motors designed for frequent use. Technological factors also play a crucial role, with ongoing improvements in materials science and engineering allowing for lighter, more efficient, and more durable starter motors.
Furthermore, the increasing demand for commercial vehicles due to the expansion of the logistics and e-commerce sectors is directly influencing the demand for high-quality and reliable truck starter motors. These trends highlight a market that is becoming increasingly dynamic and driven by both innovation and the essential need for efficiency and sustainability in the transportation sector.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Light-Duty Trucks Application segment, which is expected to reach US$1.9 Billion by 2030 with a CAGR of a 3.5%. The Medium & Heavy-Duty Trucks Application segment is also set to grow at 2.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $475.5 Million in 2023, and China, forecasted to grow at an impressive 6.4% CAGR to reach $452.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., 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.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.7 Billion |
| Forecasted Market Value (USD) by 2030 | $2.2 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Truck Starter Motors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Advances in Electric Starter Motors Drive Adoption in Trucks
- Increased Demand for Fuel Efficiency Spurs Innovations in Starter Motors
- Growing Commercial Truck Fleets Expand Market Opportunities
- Growth in Heavy-duty Trucks and Their Influence on Market Dynamics
- Rising Popularity of Automatic Start-Stop Technology
- Electrification of Trucks and Its Impact on Starter Motor Technology
- Replacement Market Demand Drives Growth
- Global Expansion of Logistics and Transportation Industries
FOCUS ON SELECT PLAYERS (Total 56 Featured)
- Cummins, Inc.
- Delco Remy (as part of PHINIA, Inc.)
- Denso Corporation
- Hitachi Astemo Aftermarket
- J&N (A Brand of Whites Moto)
- Lucas Indian Service Ltd.
- Lucas-TVS Limited
- Magneton a.s.
- MAHLE GmbH
- Mitsubishi Electric Europe B.V. - Independent Aftermarket
- Nikko Electric Industry Co.Ltd.
- Prestolite Electric, Inc.
- 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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