The global market for Two-Wheeler Starter Motors is estimated at US$726.6 Million in 2023 and is projected to reach US$1.1 Billion by 2030, growing at a CAGR of 5.9% 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 two-wheeler starter motor market is driven by several factors, including technological advancements, regulatory policies, and evolving consumer preferences. Technological improvements, such as the development of lightweight, high-efficiency motors and the introduction of brushless motor designs, are critical as they contribute to enhanced performance and durability, appealing to consumers in both emerging and established markets. Regulatory factors also play a significant role, with governments around the world imposing stricter emissions and noise regulations that push manufacturers to innovate more eco-friendly and quieter starter solutions. Consumer behavior is shifting towards more sustainable and convenient transportation solutions, further driving demand for advanced two-wheeler starter motors, especially in urban areas where quick and frequent starts are necessary. Moreover, the increasing adoption of electric two-wheelers is expected to continue influencing the market dynamics, as these vehicles require different starting technologies compared to traditional models. Together, these drivers ensure a dynamic and rapidly evolving market landscape for two-wheeler starter motors.
The growth in the two-wheeler starter motor market is driven by several factors, including technological advancements, regulatory policies, and evolving consumer preferences. Technological improvements, such as the development of lightweight, high-efficiency motors and the introduction of brushless motor designs, are critical as they contribute to enhanced performance and durability, appealing to consumers in both emerging and established markets. Regulatory factors also play a significant role, with governments around the world imposing stricter emissions and noise regulations that push manufacturers to innovate more eco-friendly and quieter starter solutions. Consumer behavior is shifting towards more sustainable and convenient transportation solutions, further driving demand for advanced two-wheeler starter motors, especially in urban areas where quick and frequent starts are necessary. Moreover, the increasing adoption of electric two-wheelers is expected to continue influencing the market dynamics, as these vehicles require different starting technologies compared to traditional models. Together, these drivers ensure a dynamic and rapidly evolving market landscape for two-wheeler starter motors.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Motorcycles Application segment, which is expected to reach US$829.2 Million by 2030 with a CAGR of a 6.3%. The Scooters Application segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $198.0 Million in 2023, and China, forecasted to grow at an impressive 9.7% CAGR to reach $232.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Two-Wheeler Starter Motors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Two-Wheeler Starter Motors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Two-Wheeler Starter Motors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 Chongqing Zongshen Automobile Industry Manufacturing Co., Ltd., Cummins, Inc., Denso Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 25 Featured):
- Chongqing Zongshen Automobile Industry Manufacturing Co., Ltd.
- Cummins, Inc.
- Denso Corporation
- Hero MotoCorp Ltd.
- Hitachi Astemo Aftermarket
- J&N (A Brand of Whites Moto)
- KKR Metal Components
- Lucas Indian Service Ltd.
- Lucas-TVS Limited
- Mitsuba Corporation
- Mitsubishi Electric Europe B.V. - Independent Aftermarket
- Prestolite Electric, Inc.
- Tata AutoComp Systems Limited
- Varroc Group
- WAI Global;
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Chongqing Zongshen Automobile Industry Manufacturing Co., Ltd.
- Cummins, Inc.
- Denso Corporation
- Hero MotoCorp Ltd.
- Hitachi Astemo Aftermarket
- J&N (A Brand of Whites Moto)
- KKR Metal Components
- Lucas Indian Service Ltd.
- Lucas-TVS Limited
- Mitsuba Corporation
- Mitsubishi Electric Europe B.V. - Independent Aftermarket
- Prestolite Electric, Inc.
- Tata AutoComp Systems Limited
- Varroc Group
- WAI Global;
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 163 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 726.6 Million |
Forecasted Market Value ( USD | $ 1100 Million |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |