Global Two Wheeler Electric Starter Magnet Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Motorcycle, Standard, Cruiser, Sport and Mopeds.By Sales;
OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier), and IAS (Independent Automotive Supplier).By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Two Wheeler Electric Starter Magnet Market (USD Million), 2021 - 2031
In the year 2024, the Global Two Wheeler Electric Starter Magnet Market was valued at USD 538.14 million. The size of this market is expected to increase to USD 809.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.
The growth of the market can be attributed to the increasing demand for Two Wheeler Electric Starter Magnet owning to the OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier), IAS (Independent Automotive Supplier) Applications across the global level. The report provides insights regarding the lucrative opportunities in the Two Wheeler Electric Starter Magnet Market at the country level. The report also includes a precise cost, segments, trends, region, and commercial development of the major key players globally for the projected period.
The Two Wheeler Electric Starter Magnet Market report represents gathered information about a market within an industry or various industries. The Two Wheeler Electric Starter Magnet Market report includes analysis in terms of both quantitative and qualitative data with a forecast period of the report extending from 2023 to 2030. The report is prepared to take into consideration various factors such as Product pricing, Product or services penetration at both country and regional levels, Country GDP, market dynamics of parent market & child markets, End application industries, major players, consumer buying behavior, economic, political, social scenarios of countries, many others. The report is divided into various segments to offer a detailed analysis of the market from every possible aspect of the market.
The overall report focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.
Global Two Wheeler Electric Starter Magnet Market Recent Developments
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In June 2021: Denso, a leading global automotive supplier, introduced a new line of compact and lightweight electric starter magnets to meet the growing demand for fuel-efficient vehicles.
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In September 2022: Valeo, a global automotive supplier, acquired FTE Automotive, a leading manufacturer of starter motors and other automotive components, to strengthen its position in the electric starter magnet market.
Segment Analysis
The Global Two Wheeler Electric Starter Magnet Market has been segmented by Type, Sales and Geography to provide a comprehensive overview of the industry. By type, the market is divided into Brush-Type and Brushless-Type electric starter magnets. Brush-type electric starters are widely used due to their cost-effectiveness and simplicity in design, making them suitable for motorcycles and scooters in the budget-friendly segment. These starters use brushes to conduct electricity to the motor and are often found in lower to mid-range motorcycles. On the other hand, brushless-type electric starters are gaining traction due to their higher efficiency, reliability, and longer lifespan. These are commonly used in premium motorcycles and electric two-wheelers, offering smoother operation with less wear and tear, making them ideal for high-performance and electric vehicles where maintenance-free operation is crucial.
By sales, the market is segmented into OEM (Original Equipment Manufacturer) and Aftermarket. The OEM segment holds a significant share, driven by the consistent demand for electric starter magnets as part of the manufacturing process in new two-wheelers. OEM suppliers provide electric starter magnets that are designed to meet specific standards and performance requirements set by the original motorcycle manufacturers. In contrast, the Aftermarket segment is seeing growth as motorcycle owners seek replacements for worn-out or damaged electric starter magnets. The aftermarket offers a wide range of options, allowing consumers to choose from various brands and performance levels. Additionally, the rising trend of DIY maintenance and the increasing number of motorcycle enthusiasts opting for upgrades contribute to the growth of the aftermarket sales segment.
Geographically, the Global Two-Wheeler Electric Starter Magnet Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the largest market, driven by the high production and adoption of motorcycles and scooters in countries like India, China, and Indonesia, where electric starters are essential for ease of use and reliability. As these regions continue to experience rapid urbanization and growth in motorcycle ownership, the demand for efficient electric starter magnets is expected to increase. Europe and North America also play a crucial role in the market, particularly in the premium segment, where high-performance motorcycles and electric vehicles require advanced electric starters. The growing adoption of electric motorcycles and the shift toward sustainable mobility in developed regions will further contribute to the market's expansion. As consumer awareness of performance and durability increases, the demand for high-quality, efficient electric starter magnets is expected to grow globally.
Global Two Wheeler Electric Starter Segment Market Analysis
In this report, the Global Two Wheeler Electric Starter Magnet Market has been segmented by Type, Sales and Geography.
Global Two Wheeler Electric Starter Magnet Market, Segmentation by Type
The Global Two Wheeler Electric Starter Magnet Market has been segmented by Type into Motorcycle, Standard, Cruiser, Sport and Mopeds.
The Global Two Wheeler Electric Starter Magnet Market is categorized based on type into motorcycle, standard, cruiser, sport, and mopeds, reflecting the diverse range of two-wheeler vehicles utilizing electric starter magnets. The segmentation by type allows manufacturers to tailor their products to the specific requirements and preferences of different segments within the market. Motorcycle electric starter magnets cater to the needs of riders seeking versatile and powerful vehicles suitable for various riding conditions. Standard electric starter magnets are designed for everyday commuting and recreational riding, offering a balance of performance and affordability. Cruiser electric starter magnets target riders seeking comfort, style, and long-distance touring capabilities, reflecting a distinct segment within the market.
Sport electric starter magnets are engineered for high-performance riding, catering to enthusiasts and professionals who demand agility, speed, and precision on the road or track. Moped electric starter magnets are tailored for urban commuting and short-distance travel, offering compact, lightweight, and economical transportation solutions. Each segment within the Global Two Wheeler Electric Starter Magnet Market represents unique consumer preferences, usage scenarios, and performance requirements, driving product differentiation and market competition. By understanding the distinct characteristics of each segment, manufacturers can develop targeted marketing strategies, product offerings, and distribution channels to effectively serve the diverse needs of customers worldwide.
The segmentation of the Global Two Wheeler Electric Starter Magnet Market enables market players to identify emerging trends, opportunities, and challenges within specific segments. By analyzing market dynamics and consumer behavior within each segment, manufacturers can make informed decisions regarding product development, pricing strategies, and expansion initiatives. Additionally, segmentation facilitates market research and analysis, allowing stakeholders to assess the competitive landscape, evaluate market potential, and devise growth strategies tailored to each segment's characteristics. Overall, segmentation enhances market transparency, efficiency, and responsiveness, empowering industry players to navigate the complexities of the Global Two Wheeler Electric Starter Magnet Market and capitalize on emerging opportunities for sustainable growth and innovation.
Global Two Wheeler Electric Starter Magnet Market, Segmentation by Sales
The Global Two Wheeler Electric Starter Magnet Market has been segmented by Sales into OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier) and IAS (Independent Automotive Supplier).
The Global Two Wheeler Electric Starter Magnet Market is undergoing segmentation by sales channels, delineating between OEM (Original Equipment Manufacturer), OES (Original Equipment Supplier), and IAS (Independent Automotive Supplier) sectors. This segmentation reflects the diverse distribution channels through which electric starter magnets for two-wheelers are brought to market. The OEM segment pertains to manufacturers that directly integrate electric starter magnets into their vehicles during the production process. These magnets are an integral component of the two-wheeler's starting mechanism, ensuring reliable performance from the outset.
The OES segment encompasses suppliers who provide electric starter magnets to OEMs for inclusion in their vehicles. These suppliers operate within the automotive supply chain, supplying high-quality components to manufacturers for assembly. The OES sector plays a crucial role in ensuring the availability of electric starter magnets that meet the specifications and standards required by OEMs. By maintaining strong partnerships with OEMs and adhering to rigorous quality control measures, OES suppliers contribute to the seamless integration of electric starter magnets into two-wheeler vehicles.
The IAS segment comprises independent automotive suppliers that offer electric starter magnets to the aftermarket and replacement parts market. These suppliers cater to the needs of consumers seeking replacement or upgraded starter magnets for their existing two-wheelers. The IAS sector provides a vital service in ensuring the availability of electric starter magnets beyond the initial vehicle purchase, supporting ongoing maintenance and repair needs. Through a network of distributors and retailers, independent automotive suppliers ensure that electric starter magnets are accessible to consumers worldwide, contributing to the longevity and reliability of electric two-wheelers on the road.
Global Two Wheeler Electric Starter Magnet Market, Segmentation by Geography
In this report, the Global Two Wheeler Electric Starter Magnet Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Two Wheeler Electric Starter Magnet Market Share (%), by Geographical Region, 2024
The distribution of Global Two Wheeler Electric Starter Magnet Market Share by geographical region reveals a nuanced landscape of demand and adoption across different parts of the world. In North America, a steady increase in the uptake of electric vehicles, driven by environmental concerns and government incentives, contributes to a notable market share. The region's infrastructure for electric vehicle charging stations and supportive policies for sustainable transportation further bolster the market's growth. Additionally, technological advancements and a growing awareness of the benefits of electric mobility among consumers propel North America's share in the global market.
Europe commands a significant portion of the Global Two Wheeler Electric Starter Magnet Market Share, owing to stringent emissions regulations, rising fuel costs, and a strong emphasis on sustainable transportation solutions. Countries within the European Union exhibit a robust infrastructure for electric vehicle charging networks, facilitating the widespread adoption of electric two-wheelers. Moreover, favorable government initiatives, such as subsidies and tax incentives, incentivize consumers to switch to electric vehicles, thereby boosting market growth. The presence of key market players and ongoing research and development activities in the region further contribute to Europe's substantial share in the global market.
In Asia-Pacific, the Global Two Wheeler Electric Starter Magnet Market experiences dynamic growth fueled by factors such as rapid urbanization, increasing disposable incomes, and expanding middle-class populations. Countries like China and India, with their large consumer base and supportive government policies promoting electric mobility, drive significant market share in the region. Furthermore, the presence of leading manufacturers, coupled with advancements in battery technology and infrastructure development for electric vehicles, propels Asia-Pacific's dominance in the global market. As the region continues to witness urbanization trends and a shift towards sustainable transportation solutions, its share in the Global Two Wheeler Electric Starter Magnet Market is expected to further expand in the coming years.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Two Wheeler Electric Starter Magnet Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand globally
- Technological advancements
- Rising adoption rates
- Government incentives
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Environmental awareness-The urgent need to combat climate change and curb pollution has spurred a widespread shift towards cleaner and more sustainable modes of transportation. Electric vehicles, particularly two-wheelers, have emerged as frontrunners in this transition, offering eco-friendly alternatives to their gasoline-powered counterparts. This growing environmental awareness among consumers has been further bolstered by supportive government policies aimed at incentivizing the adoption of electric mobility solutions.
Central to the propulsion of electric two-wheelers are electric starter magnets, essential components that play a crucial role in initiating the vehicle's engine. As demand for electric vehicles surges, the market for these magnets is poised for remarkable expansion. This trend is driven not only by consumer preferences for greener transportation options but also by the concerted efforts of governments worldwide to reduce carbon emissions and promote the widespread adoption of renewable energy sources.
Looking ahead, the trajectory of the electric starter magnet market appears promising, buoyed by the dual forces of consumer environmental consciousness and governmental initiatives. As individuals and policymakers alike prioritize sustainability and the transition to clean energy, the demand for electric two-wheelers and their associated components is expected to continue its upward trajectory, contributing to a greener, more sustainable future for transportation.
Restraints
- High initial costs
- Limited charging infrastructure
- Range anxiety issues
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Battery degradation concerns-Despite significant strides in battery technology, lingering apprehensions persist regarding the durability and efficiency of electric vehicle batteries. The gradual degradation of batteries over time remains a prominent issue, often resulting in diminished vehicle range and performance. Such concerns can undermine consumer confidence in electric two-wheelers, posing obstacles to their widespread acceptance. Moreover, uncertainties surrounding battery recycling and disposal exacerbate the environmental implications associated with the adoption of electric vehicles, adding complexity to the sustainability narrative.
Addressing these persistent concerns necessitates concerted research and development efforts focused on enhancing battery lifespan and sustainability. By prioritizing innovation in this domain, stakeholders can mitigate the challenges posed by battery degradation and disposal, thereby bolstering the appeal and viability of electric two-wheelers. Moreover, advancements in battery technology can instill greater confidence in consumers, assuring them of the reliability and longevity of electric vehicle batteries.
In the pursuit of overcoming these obstacles, fostering the widespread adoption of electric starter magnets in the market hinges on proactive measures to address battery-related concerns comprehensively. By investing in research initiatives aimed at prolonging battery lifespan, optimizing performance, and streamlining recycling processes, the industry can navigate towards a more sustainable future for electric mobility. Such endeavors not only mitigate environmental impacts but also reinforce the value proposition of electric two-wheelers, driving their uptake and contributing to a cleaner, greener transportation landscape.
Opportunities
- Expansion into emerging markets
- Strategic partnerships formation
- Growing environmental consciousness
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Development of lightweight materials- In the pursuit of optimizing the performance and efficiency of electric two-wheelers, manufacturers are placing a significant emphasis on the utilization of lightweight materials. This strategic shift is driven by the understanding that lighter components not only contribute to extending the vehicle's range but also play a pivotal role in enhancing maneuverability and handling, thereby elevating the overall riding experience for consumers. The adoption of lightweight materials represents a fundamental aspect of modern electric vehicle design, reflecting a commitment to achieving higher levels of performance and efficiency.
The integration of advanced lightweight materials presents manufacturers with opportunities for innovation and differentiation in the competitive landscape. By leveraging these materials in the development of electric starter magnets, companies can tailor their products to meet the evolving demands of the market. This approach enables manufacturers to create distinct and competitive offerings that resonate with consumers seeking enhanced performance and sustainability in their electric two-wheelers.
As companies embrace the potential of lightweight materials in the design and production processes, they stand to capitalize on the growth opportunities within the Global Two Wheeler Electric Starter Magnet Market. Through strategic investments in research and development and a commitment to innovation, manufacturers can position themselves as leaders in the industry, driving growth and competitiveness while meeting the increasing demands for eco-friendly transportation solutions.
Competitive Landscape Analysis
Key players in Global Two Wheeler Electric Starter Magnet Market include:
- JUMPS INDIA
- Spark Minda
- SI Engineering Products Pvt Ltd
- India Nippon Electricals Limited
- TVS Group
- AUTO-LEK (P) Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Sales
- Market Snapshot, By Region
- Global Two Wheeler Electric Starter Magnet Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand globally
- Technological advancements
- Rising adoption rates
- Government incentives
- Environmental awareness
- Restraints
- High initial costs
- Limited charging infrastructure
- Range anxiety issues
- Battery degradation concerns
- Opportunities
- Expansion into emerging markets
- Strategic partnerships formation
- Growing environmental consciousness
- Development of lightweight materials
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Two Wheeler Electric Starter Magnet Market, By Type, 2021 - 2031 (USD Million)
- Motorcycle
- Standard
- Cruiser
- Sport
- Mopeds
- Global Two Wheeler Electric Starter Magnet Market, By Sales , 2021 - 2031 (USD Million)
- OEM (Original Equipment Manufacturer)
- OES (Original Equipment Supplier)
- IAS (Independent Automotive Supplier)
- Global Two Wheeler Electric Starter Magnet Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Two Wheeler Electric Starter Magnet Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- JUMPS INDIA
- Spark Minda
- SI Engineering Products Pvt Ltd
- India Nippon Electricals Limited
- TVS Group
- AUTO-LEK (P) Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market