LONDON–(BUSINESS WIRE)–#AutoComponents–The global two-wheeler starter motor market is expected to post a CAGR of almost 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Factors such as improved employment opportunities and growing spending power of consumers have increased the demand for premium motorcycles and scooters in APAC. This is encouraging prominent two-wheeler OEMs to expand their business operations in major two-wheeler markets such as China and India. For instance, in 2013, BMW partnered with TVS MOTOR to develop and market its low-powered premium motorcycles in India. Such developments are resulting in the expansion of product portfolios that include a wide-range of premium-level two-wheelers, thereby increasing the demand for high-output starter motors.
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As per Technavio, the development of integrated starter-generator for two-wheelers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Two-Wheeler Starter Motor Market: Development of Integrated Starter-Generator for Two-Wheelers
The starter motor becomes a passive component after cranking the engine. This significantly increases the parasitic loss of the engine. To overcome such losses, automotive OEMs are focusing on the development of an integrated starter-generator that eliminates the need for starter motors, slip rings, belt and pulley coupling systems, and brushes used in wound rotor alternators. This increases fuel efficiency and helps in reducing vehicle emissions. With the growing stringency of two-wheeler emission standards, the adoption of integrated starter-generators will increase significantly during the forecast period.
“Remanufacture of two-wheeler starter motors and improvements in the performance of low-displacement two-wheelers will further boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Two-Wheeler Starter Motor Market: Segmentation Analysis
This market report segments the global two-wheeler starter motor market by application (motorcycles and scooters) and geography (Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to an increase in the sales and production of two-wheelers in China and India.
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Some of the key topics covered in the report include:
Market segmentation analysis
Market size and forecast
Five Forces Analysis
Key leading countries
Market positioning of vendors
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