Application segmentation performance in the global truck starter motor market

The global truck starter motor market is expected to grow at a CAGR of 4.68% during the forecast period. Based on the application, the global truck starter motor market has been segmented into light-duty trucks and medium- and heavy-duty trucks.

The light-duty trucks segment occupies the majority share of the global truck starter motor market as this vehicle segment witnessed more sales in 2017 than the heavy-duty trucks segment and are versatile in terms of use within cities and through stop-and-go traffic. Therefore, the production of truck starter motor will largely depend on the production of light-duty trucks. Vehicle manufacturers are increasingly integrating fuel efficiency technologies, such as start-stop systems, in light-duty trucks to reduce fuel consumption.

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Pickup trucks and mini trucks are the main types of light-duty trucks. The vehicle is classified based on its application. A light-duty truck can be modified to transport load as well as people. Their compact size complements vehicle agility and handling in city traffic. The production and sales of light-duty trucks in urban and semi-urban areas are increasing owing to the rising number of parcel delivery companies, e-commerce websites, and food delivery websites. The production of light-duty truck starter motors would depend on the development and production of pickup trucks and mini trucks, thereby boosting the growth of the global truck starter motor market during the forecast period.