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(USGovernment-News.Com, November 11, 2016 ) Automation is the need of the hour as the automotive industry growth is subsequently high, the need for advanced technologies and provision of smart features are playing as a vital role in the growth of automotive industry. Automotive starting system are considered as the heart of the vehicle. Automotive starting system is a combination of mechanical and electrical components that works together to start the vehicle engine. In an automotive starting system, the electrical energy from the battery power converts into mechanical energy resulted into cranking the engine. The starting system consists of housing, field coils, an armature, a commutator and brushes, end frames and a solenoid operated shift mechanism. Automotive starter enables the safe and hassle free start or ignition of the vehicle engine. Over the last decade various companies are indulged in the continuous research and developments to make the automotive starter systems more superior and user friendly over the manual starting system in order to enhance the functionality and durability of automotive starting systems and tap the demand for technologically advanced automotive starting systems market, which is fostering the growth for global automotive starting system market. The aftermarket for the automotive starting system is also contributing to the growth of global automotive starting systems market. Overall, the global automotive starting systems market is anticipated to register a healthy CAGR over the forecast period.
Automotive Starting System Market: Drivers and Restraints
The global automotive starting system market is primarily driven by the demand of vehicles with premium features such as automation in starting system. Moreover, the automotive market growth rate has shown significant elevation after the global recession of 2007 to 2009 in terms of production and demand, which in turn is driving the global market for automotive starting system. The need for technologically advanced automotive starting systems capable of increasing the fuel efficiency and reduced CO2 emissions in the vehicles are also having a positive impact on the global automotive starting systems market. However, the volatile costs related to the production of the automotive starting systems can pose as a restraint to the global automotive starting systems market.
Automotive Starting System Market: Region Wise Outlook
The global automotive market is segmented into seven regions: North America, Latin America, Western Europe, and Eastern Europe, APEJ, Japan and Middle East and Africa. Among the aforementioned regions, the APEJ market dominates the global automotive starting system market. The countries as such China, India, and South Korea being the major hub for automobile market in the region is fostering the growth for automotive starting system market in the region. The Latin America and Western Europe market for automotive starting system is followed by the APEJ market in terms of market share. The developing regions and under developed regions like Middle East and Africa are also expected to show modest growth rates over the forecast period with growth of automotive aftermarket in the regions. Overall the automotive starting system is expected to register healthy growth over the forecast period.
Automotive starting system market: Key players
Some of the key players identified in the global automotive starting system market includes:
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