Two Wheeler Electric Starter Magnet Market: Overview
Magnet is a crucial component of electric starter motor and fixed in the inner portion of starting cylinder. Starting cylinder is an outer cover of starting motor in which entire ignition components fitted. Armature assembly rotates over the magnets which fixed in the inner portion of starting cylinder. In most of two wheeler permanent magnets are used in starter motor in order to efficiently start the two wheeler. Two wheeler starter magnets are manufactured at the time of entire assembly production of the two wheelers.
In the global market, unauthorized or independent suppliers are vital in numbers. So, the global two wheeler electric starter magnet market can be characterized into organized and unorganized players in the global market. However, increasing figure of two wheelers is considered as catalyst in the global two wheeler electric starter magnet market over the coming decades.
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Two Wheeler Electric Starter Magnet Market: Dynamics
Significant growth in two wheeler’s fleet coupled with increasing sales of on-road two wheelers is projected to spike the sales of two wheeler electric starter magnet market over the slated time period. Moreover, rapidly adoption of electric two wheeler is also representing noteworthy potential for two wheeler electric starter magnet market over the stipulated time period. Frequently start and stop of two wheeler which reduce the overall life of entire two wheeler starting system which in turn is estimated to push the new global two wheeler starter magnet at a newer level over the coming decades.
Substantial growth in the technological advancement pertaining to two wheeler starting components as well as leading manufacturers are investing hefty money in research and development to invent cutting edge starting components such as binding wire, armature, magnets, etc. These array of innovations are projected to create headwinds in the global two wheeler electric starter magnet market over the stipulated time period.
Two wheeler electric start magnet manufacturers are focused to make light weight and compact in size two wheeler electric starter magnet which in turn improves the overall vehicle ignition performance as well as reduce the lag created in the two wheeler starting.
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Two Wheeler Electric Starter Magnet Market: Regional Outlook
Asia Pacific region is expected to grow with healthy share in the global two wheeler electric starter magnet market owing to increasing fleet of two wheelers in across the region. However, India and China is projected to grow with considerable growth rate in the market owing to rising income of middle class people. Thus the growth in the income of middle class population is estimated to drive the global two wheeler electric starter magnet over the coming years. North America and Europe are also estimated to drive the global two wheeler electric starter magnet market owing to significantly focused for electric two wheeler, over the coming ten years. Furthermore, Middle East & Africa region is projected to grow with an uptick growth rate in the global two wheeler electric starter magnet market due to limited manufacturing facilities of two wheeler. However, in this region the market is import driven means authorized dealers or consumers are importing two wheeler form Europe, North America, and other region.
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Two Wheeler Electric Starter Magnet Market: Key Participant
There are limited manufacturer in the global Two Wheeler Electric Starter Magnet market. Therefore, the global Two Wheeler Electric Starter Magnet market is considered as consolidated. Though, some leading players for the global Two Wheeler Electric Starter Magnet market are following:
- Hangseng(Ningbo) Magnetech Co.,Ltd.
- JUMPS INDIA
- Spark Minda
- SI Engineering Products Pvt Ltd
- India Nippon Electricals Limited
- TVS Group
- AUTO-LEK (P) Ltd.