Light Vehicle Starter Market

The term "light vehicle starter market" describes the market for starter motors used in light-duty vehicles, such as passenger cars, SUVs, light-duty trucks, and vans. A key part of the engine starting system is the starter motor, which gives the engine the torque it needs to turn over and start the car. There are many different kinds of starter motors on the market for light vehicles. These include gear-reduction starter motors and traditional starter motors. Because they are mostly powered by the car's battery, these starter motors must be made to withstand the high temperatures, vibrations, and other harsh conditions that come with working in an automobile.

With a compound annual growth rate (CAGR) of ** percent from 2018 to 2031, the global market for light vehicle starters is expected to grow from USD ** billion in 2018to USD ** billion in 2031.

Light-duty vehicle manufacturing is directly related to the need for light vehicle starters. Light vehicle starts are in greater demand as more passenger cars, SUVs, light-duty trucks, and vans are produced. The trend toward these types of vehicles is driving the demand for starter motors made specifically for electric and hybrid vehicles. Specialized starters that can manage the high power needs of electric motors are needed for electric and hybrid vehicles. Starter motors are becoming lighter, more effective, and more dependable because of the creation of new materials, superior designs, and sophisticated manufacturing techniques.

Risks:
When the economy is bad, there may be less demand for cars and starter motors, which could hurt the light vehicle starter market. Government laws governing emissions and fuel efficiency standards are very rigorous in this sector. The cost of production and profit margins may decrease as a result of compliance with certain requirements.

In the next few years, the market for light vehicle starters is expected to grow a lot in the Asia-Pacific region. Some of the top auto-producing countries in the world, like China, Japan, India, and South Korea, are in this area. Their economies are expected to help the light vehicle starter market grow.

Bosch is one of the major players. Valeo Denso MahleHella Hitachi Mitsubishi Electric Prestolite Remy International