Commercial Vehicle Starter Market size is estimated to be USD 12.3 Billion in 2024 and is expected to reach USD 18.5 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global commercial vehicle starter market was valued at approximately USD 1.9 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. The demand for commercial vehicle starters is primarily driven by the expanding commercial transportation sector, especially in emerging markets, alongside the increasing adoption of electric vehicles (EVs) in the commercial vehicle space. Additionally, the rising trend of automation and fleet management technologies in logistics and transportation is further contributing to the market’s expansion. In 2022, North America dominated the commercial vehicle starter market, accounting for around 35% of the global market share, due to a robust automotive industry and the high number of commercial vehicles in operation. This region's growth is supported by increasing investments in the transportation sector and infrastructure development, alongside the widespread use of electric and hybrid commercial vehicles.
Regionally, Europe and Asia Pacific are also expected to witness significant growth, with the Asia Pacific market projected to grow at the highest CAGR of 7.5% during the forecast period. This growth is driven by the increasing demand for commercial vehicles in countries like China, India, and Japan, coupled with the growth in e-commerce and logistics sectors. Europe, on the other hand, is seeing an increasing trend of adopting fuel-efficient and eco-friendly vehicles, thus boosting the demand for starters in commercial vehicles. The Latin American market, although smaller in comparison, is anticipated to grow steadily due to the expansion of the transportation sector and rising urbanization. The Middle East and Africa are also showing promising growth, driven by the development of infrastructure projects and increased demand for transportation solutions.
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Bosch
Valeo
Denso
Mahle
Mitsubishi Electric
Prestolite
Remy International
Hella
Hitachi
DAH KEE Co.
Ltd
Spark Minda
Mitsuba
Lucas
Nikko
Iskra
Magenton
BorgWarner
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Commercial Vehicle Starter Market
Light Commercial Vehicles (LCVs)
Medium Commercial Vehicles (MCVs)
Heavy Commercial Vehicles (HCVs)
Passenger Vans
Chassis Cabs
Diesel Engines
Petrol Engines
Electric Engines
Hybrid Engines
Conventional Starter Systems
Gear Reduction Starters
Solenoid Activated Starters
Smart Starter Systems
Original Equipment Manufacturers (OEMs)
Aftermarket Suppliers
Distributor Channels
Online Retailers
Fleet Operators
Individual Vehicle Owners
Rental and Leasing Companies
Government Organizations
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Commercial Vehicle Starter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Commercial Vehicle Starter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Commercial Vehicle Starter Market, By Type
6. Global Commercial Vehicle Starter Market, By Application
7. Global Commercial Vehicle Starter Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Commercial Vehicle Starter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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