Global Air starter market is projected to reach a size of USD 397.0 Million by 2021, at a CAGR of 3.8% from 2016 to 2021. Compatibility to explosive and potentially hazardous environments and compact size of the device are the main driving factors.
The report segments the air starter market on the basis of major end-user industries into oil & gas, aviation, mining, marine, and others. The aviation industry is projected to be the fastest-growing end user segment in the air starter market during the forecast period. Rising urbanization, air traffic and increasing pressure on existing aviation infrastructure have led to growing investments in civil & military aviation industry across the globe.
In terms of type, turbine starter is the largest and the fastest-growing segment dominating vane starter market. Turbine starters have simpler design, robust construction, and are compatible in almost all applications within the major end user industries which influence their market preference.
North America led the market for air starter in 2015, owing to higher adoption of air starter in the region. Major end user industries in the region include oil and gas, aviation and mining. The U.S. is the fastest growing market in the forecast period.
Complete report on Air Starter Market spread across 137 pages, profiling 11 companies and supported with 86 tables and 40 figures is now available at http://www.rnrmarketresearch.com/air-starter-market-by-type-vane-air-starter-and-turbine-air-starter-end-use-industry-oil-gas-aviation-mining-marine-and-others-transportation-power-generation-by-region-trends-forecasts-to-2021-market-report.html
Prices of major components within air starter assembly are relatively high, making the overall device expensive as compared to electric starters. This confines the growth of air starter market despite its attractive features. However, this price difference has little or no significance especially in applications which involve explosive and potentially hazardous environments, and also which require compact engine starting devices. Offshore oil & gas installations are an example of such environments where application of air starters is almost necessary.
Leading players including manufacturers, OEM’s have focused their attention towards developed economies, and are adopting various methods such as expansion of distribution channels to increase their market share. Contracts & Agreements and New product development are the key strategies most commonly adopted by the top players in the market, constituting 29% each of the total development share from 2012 to 2015. It was followed by expansions and other developments. Some of the key players operating in the market are Ingersoll Rand (U.S.), Maradyne Corporation (U.S.), Tech Development (TDI) (U.S.), Gali Internacional (Spain), Air Starter Components, Inc., (ASC) (U.S.), and KH Equipment Pty Ltd. (Australia).Other players operating in the market include Shin Hueng Precision Co., Ltd. (Korea), Powerworks (Pty) Ltd. (South Africa), Miller Air Starter Company Co. (U.S.), Multi Torque Industries (Australia), and Industrial Power Units Ltd., (IPU GROUP) (U.K.)
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Reasons to buy this report
This research report focuses on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the air starter market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights about the following points:
- Market Penetration: Comprehensive information on air starter products offered by top players in the global air starter market
- Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and new product launches in the air starter market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the air starter market across regions
- Market Diversification: Exhaustive information about new products, untapped regional markets, recent developments, and investments in the global air starter market
- Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the global air starter market