Air Starter Market Size, Trends and Insights By Product (Vane Starter, Turbine starter), By Application (Aviation industry, Marine industry, Oil and gas industry, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030


Report Code: CMI18030

Published Date: September 2022

Pages: 220+

Category: Machinery & Equipment

Reports Description

According to Research Study published by Custom Market Insights (CMI), The global air starter market is expected to grow at a compound annual growth rate golf 5.19% during the forecast period. The market is expected to grow to USD 523.3 million by the year 2030 and USD 379.1 million in the year 2021 and is expected to reach USD 397.9 million in 2022.

The air starter happens to be an air motor which has a flywheel that has a few gear reductions to it. This entire combination is designed in a way that helps him start the engine. Diesel engines make use of air starters and also gas turbines. Air starters work in a fashion that reciprocates with the engines. Adequate torque is created with the help of the air starters as it is all mechanical equipment.

Air Starter Market (By Application)

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It also helps in creating power for starting the engine which is done with the help of the energy which is stored. Air compressors make use of a safe and reliable source of energy and it is powered by compressed air. Risks like electric sparks are eliminated due to the use of air starters. The demand for air starters has increased in recent years as they help increase the engines’ life. When it comes to harsh environments air starters help it deliver great performance as it enhances durability.

The use of air starters has increased in various industries like salty marine and dusty mining. Air starters are also used on a large scale for the gas and oil industries across the world. When it comes to the usage of the air starters for the turbine engines it is extremely compatible and simple as they have a great ratio of power to weight. Even though the market is expected to grow well in the coming years for various regions across the globe there are a few substitute products that are available in the market which shall hamper the growth of the market during the forecast period.

The availability of different products like electric starters is a good alternative. When it comes to the cost of the other products that are alternatives to the air starters, they are cheap compared to the air starters; hence, this also proves to be a factor that shall hamper the market growth during the forecast period for the entire world.

Growth Factors

In recent years the adoption of air starters has increased and the growth in the adoption of these starters for different types of industries across the world will provide great opportunities for the growth of the market. Air starters are used on a large scale when it comes to the automotive, marine, mining, defence, aerospace, and gas and oil industries. Air starters are also used in the transportation industry.

The market is expected to grow well in the coming years as it happens to be of great help in the controlled environment. In recent years that has been noted that air starter technology is accepted and used in many industries, and the demand for it has also increased across the world. When it comes to the adoption of the air starters in the gas and the oil industry add in the aviation industry these two industries occupy the maximum share. A large number of add stutters are used or employed in these industries as the investments made by the government for these industries have increased and they shall continue to grow in the coming years. As the air starters come with robust construction and are extremely durable the market is expected to grow well in the coming years. It is widely adopted in many industries as it has a simple design.

The maintenance cost of the air starters is also low at this serves to be another factor that shall promote the sales of the air starters in the coming years. Air starters are extremely compatible with different types of engines and hence they are adopted at a larger scale as compared to the other products in the market. All of these factors will drive market growth in the coming years. It is expected that in the coming years the need for these air starters is expected to increase for the marine industry and for the purpose of power generation. As the air starters are extremely durable and reliable their demand is expected to grow in these two industries.

As the sales of cars have also increased for the developed as well as the developing nations across the world the demand for air starters has also increased and it will continue to grow well in the coming years. Similarly, as the demand for air starters will increase for the automotive sector it shall also increase for aircraft and even ships. Increased adoption of their starters in various machinery and heavy equipment is also anticipated to grow during the forecast period. Air starter’s growth is expected to be as celebrated in the coming years as it has been adopted in various industries across the world.

Segmental Insights

Segmentation of air starter market on the basis of Product

On the basis of product, the segment of turbine starter has emerged as the largest market pertaining to the huge demand and supply experienced by this particular sector which is growing rapidly over the period of time and is expected to present better growth during the future as well which will be contributing to the size of this segment under this category. This segment has emerged as a fast-growing market which has helped the key market players to record considerable revenue over the period of time pertaining to the increase in the number of customers that demand advanced machines. the design of the turbine starters is quite simple as compared to the other options available in the market which makes it a highly demanded product among potential consumers as it can be maintained and repaired easily when required unlike the other products available in the market.

The construction of the turbine starters it’s very sturdy and robust which makes it a highly durable product and to be a primary option for many consumers. The turbine starter has been manufactured in such a way that it will be compatible with a number of machines and appliances that are available in the market which helps it to make a rapidly demanded and supplied product among the sellers and buyers and hence this segment emerges as a leading market player among the other competitors existing in the market. The segment of vane starter has been considered to be next in line which has presented considerable growth over the period of time which is slightly slower as compared to its competitors available in the market.

Segmentation of air starter market on the basis of Application

On the basis of application, the segment of oil and gas has emerged as the largest market pertaining to its huge share in the global economy which has resulted from the rapid demand and supply chain that exists in the present market and is expected to grow further over the period of time which will help in contributing to the size of this segment significantly. Numerous heavy types of equipment are used by the potential consumers in the market which requires oil and gas for the functioning of the starters. The huge demand for energy among the potential consumers for the functioning of various equipment and devices has emerged as a major driving force for the growth of the air starter market.

The huge number of consumers that demand oil and gas for utilizing it in the various appliances has helped the market to record a considerable revenue over the period of time which is expected to grow further. The rapidly increasing cost of oil and gas in the present market has emerged as a major reason for the growth of this particular segment under this category which is expected to grow further. The increasing demand for better and advanced technology in the turbines of the aviation industry has created numerous opportunities for the key market players.

Air Starter Market (By Product)

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The rapidly developing technology in the aviation industry has boosted the demand for better air starters that are more durable and provide better services, which has helped the market to record considerable revenue over time. The marine industry has also contributed significantly to the growth of the air starters market pertaining to the huge demand for sustainable and advanced products made with better technology. The increasing trade among the various countries with the help of the marine industry has boosted the demand for better air starters which are durable and provide satisfactory services.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 379.1 Million
Projected Market Size in 2030 USD 523.3 Million
CAGR Growth Rate 5.19% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Ingersoll Rand, Maradyne Corporation, KH Equipment, Gali, Air Starter Components (ASC), Tech Development (TDI), Shin Hueng Precision, Powerworks, Miller Air Starter, Multi Torque Industries, IPU Group, and Others
Key Segment By Product, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Insights

On the basis of geography, the region of North America has emerged as the largest market for air starters pertaining to the increased demand and supply of these advanced products in the global market. The existence of the key market players in this region has also emerged as a major growth factor for this market.

The region of North America has emerged as a major contributor to increasing the market size of the air starter market. Numerous companies all over the world are demanding compact designs for engines and equipment that are compatible with a number of applications with a view to utilizing them in a flexible pattern has helped the key market players to introduce new products into the market which has boosted the economy for air starters considerably.

Air Starter Market (trends by region)

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The increasing awareness regarding the importance of a clean environment and the rapid climate change which is taking place all over the world has boosted the market for better air starters which produce less pollution and prove to be more efficient as compared to the other options available in the market.

Key Players

  • Ingersoll Rand
    • Maradyne Corporation
    • KH Equipment
    • Gali
    • Air Starter Components (ASC)
    • Tech Development (TDI)
    • Shin Hueng Precision
    • Powerworks
    • Miller Air Starter
    • Multi Torque Industries
    • IPU Group

Key Developments

  • Gali Internacional SA is a company that develops parts that are utilized in diesel and gas machines and hydraulic units. It is also manufacturing various components for the textile printing industry.

Segments covered in the report

By Product

  • Vane Starter
  • Turbine starter

By Application

  • Aviation industry
  • Marine industry
  • Oil and gas industry
  • Others

On the basis of Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Air Starters Market, (2022 – 2030) (USD Million)
    • 2.2 Global Air Starters Market: snapshot
  • Chapter 3. Global Air Starters Market – Industry Analysis
    • 3.1 Air Starters Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Used Air Starters on a Large Scale
      • 3.2.2 Durable and Reliable
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Air Starters Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Air Starters Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Air Starters Market – Product Analysis
    • 5.1 Global Air Starters Market overview: By Product
      • 5.1.1 Global Air Starters Market share, By Product, 2021 and 2030
    • 5.2 Vane Starter
      • 5.2.1 Global Air Starters Market by Vane Starter, 2022 – 2030 (USD Million)
    • 5.3 Turbine Starter
      • 5.3.1 Global Air Starters Market by Turbine Starter, 2022 – 2030 (USD Million)
  • Chapter 6. Global Air Starters Market – Application Analysis
    • 6.1 Global Air Starters Market overview: By Application
      • 6.1.1 Global Air Starters Market share, By Application, 2021 and 2030
    • 6.2 Aviation industry
      • 6.2.1 Global Air Starters Market by Aviation industry, 2022 – 2030 (USD Million)
    • 6.3 Marine industry
      • 6.3.1 Global Air Starters Market by Marine industry, 2022 – 2030 (USD Million)
    • 6.4 Oil and gas industry
      • 6.4.1 Global Air Starters Market by Oil and gas industry, 2022 – 2030 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Air Starters Market by Others, 2022 – 2030 (USD Million)
  • Chapter 7. Air Starters Market – Regional Analysis
    • 7.1 Global Air Starters Market Regional Overview
    • 7.2 Global Air Starters Market Share, by Region, 2021 & 2030 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Air Starters Market, 2022 – 2030 (USD Million)
        • 7.3.1.1 North America Air Starters Market, by Country, 2022 – 2030 (USD Million)
    • 7.4 North America Air Starters Market, by Product, 2022 – 2030
      • 7.4.1 North America Air Starters Market, by Product, 2022 – 2030 (USD Million)
    • 7.5 North America Air Starters Market, by Application, 2022 – 2030
      • 7.5.1 North America Air Starters Market, by Application, 2022 – 2030 (USD Million)
    • 7.6. Europe
      • 7.6.1 Europe Air Starters Market, 2022 – 2030 (USD Million)
        • 7.6.1.1 Europe Air Starters Market, by Country, 2022 – 2030 (USD Million)
    • 7.7 Europe Air Starters Market, by Product, 2022 – 2030
      • 7.7.1 Europe Air Starters Market, by Product, 2022 – 2030 (USD Million)
    • 7.8 Europe Air Starters Market, by Application, 2022 – 2030
      • 7.8.1 Europe Air Starters Market, by Application, 2022 – 2030 (USD Million)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Air Starters Market, 2022 – 2030 (USD Million)
        • 7.9.1.1 Asia Pacific Air Starters Market, by Country, 2022 – 2030 (USD Million)
    • 7.10 Asia Pacific Air Starters Market, by Product, 2022 – 2030
      • 7.10.1 Asia Pacific Air Starters Market, by Product, 2022 – 2030 (USD Million)
    • 7.11 Asia Pacific Air Starters Market, by Application, 2022 – 2030
      • 7.11.1 Asia Pacific Air Starters Market, by Application, 2022 – 2030 (USD Million)
    • 7.12. Latin America
      • 7.12.1 Latin America Air Starters Market, 2022 – 2030 (USD Million)
        • 7.12.1.1 Latin America Air Starters Market, by Country, 2022 – 2030 (USD Million)
    • 7.13 Latin America Air Starters Market, by Product, 2022 – 2030
      • 7.13.1 Latin America Air Starters Market, by Product, 2022 – 2030 (USD Million)
    • 7.14 Latin America Air Starters Market, by Application, 2022 – 2030
      • 7.14.1 Latin America Air Starters Market, by Application, 2022 – 2030 (USD Million)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Air Starters Market, 2022 – 2030 (USD Million)
        • 7.15.1.1 The Middle-East and Africa Air Starters Market, by Country, 2022 – 2030 (USD Million)
    • 7.16 The Middle-East and Africa Air Starters Market, by Product, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Air Starters Market, by Product, 2022 – 2030 (USD Million)
    • 7.17 The Middle-East and Africa Air Starters Market, by Application, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Air Starters Market, by Application, 2022 – 2030 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Ingersoll Rand
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Maradyne Corporation
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 KH Equipment
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Gali
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Air Starter Components (ASC)
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Tech Development (TDI)
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Shin Hueng Precision
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Powerworks
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Miller Air Starter
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Multi Torque Industries
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 IPU Group
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Air Starters Market, 2022 – 2030 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Air Starters Market Attractiveness, By Product
  • 6. Global Air Starters Market attractiveness, By Application
  • 7. Global Air Starters Market share by Product, 2022 and 2030 (USD Million)
  • 8. Global Air Starters Market by Vane Starter, 2022 – 2030 (USD Million)
  • 9. Global Air Starters Market by Turbine Starter, 2022 – 2030 (USD Million)
  • 10. Global Air Starters Market share by Application, 2022 and 2030 (USD Million)
  • 11. Global Air Starters Market by Aviation industry, 2022 – 2030 (USD Million)
  • 12. Global Air Starters Market by Marine industry, 2022 – 2030 (USD Million)
  • 13. Global Air Starters Market by Oil and gas industry, 2022 – 2030 (USD Million)
  • 14. Global Air Starters Market by Others, 2022 – 2030 (USD Million)
  • 15. Global Air Starters Market share, by Region, 2022 and 2030
  • 16. North America Air Starters Market, 2022 – 2030 (USD Million)
  • 17. Europe Air Starters Market, 2022 – 2030 (USD Million)
  • 18. Asia Pacific Air Starters Market, 2022 – 2030 (USD Million)
  • 19. Latin America Air Starters Market, 2022 – 2030 (USD Million)
  • 20. The Middle-East and Africa Air Starters Market, 2022 – 2030 (USD Million)

List Of Tables

  • 1. Global Air Starters Market: Snapshot
  • 2. Drivers of the Air Starters Market: impact analysis
  • 3. North America Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 4. North America Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 5. U.S. Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 6. U.S. Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 7. Canada Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 8. Canada Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 9. Europe Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 10. Europe Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 11. Germany Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 12. Germany Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 13. France Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 14. France Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 15. U.K. Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 16. U.K. Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 17. Italy Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 18. Italy Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 19. Spain Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 20. Spain Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 21. Rest of Europe Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 22. Rest of Europe Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 23. Asia Pacific Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 24. Asia Pacific Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 25. China Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 26. China Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 27. Japan Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 28. Japan Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 29. India Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 30. India Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 31. South Korea Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 32. South Korea Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 33. South-East Asia Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 34. South-East Asia Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 35. Rest of Asia Pacific Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 36. Rest of Asia Pacific Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 37. Latin America Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 38. Latin America Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 39. Brazil Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 40. Brazil Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 41. Mexico Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 42. Mexico Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 43. Rest of Latin America Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 44. Rest of Latin America Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 45. The Middle-East and Africa Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 46. The Middle-East and Africa Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 47. GCC Countries Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 48. GCC Countries Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 49. South Africa Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 50. South Africa Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)
  • 51. Rest of Middle-East Africa Air Starters Market Revenue, By Product, 2022 – 2030 (USD Million)
  • 52. Rest of Middle-East Africa Air Starters Market Revenue, By Application, 2022 – 2030 (USD Million)

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centred on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players

  • Ingersoll Rand
    • Maradyne Corporation
    • KH Equipment
    • Gali
    • Air Starter Components (ASC)
    • Tech Development (TDI)
    • Shin Hueng Precision
    • Powerworks
    • Miller Air Starter
    • Multi Torque Industries
    • IPU Group

FAQs

The “North America” region will lead the global Air Starters market during the forecast period 2022 to 2030.

The key factor driving the market is most of the industry is used air starters on a large scale.

The key players operating in the Air Starters market are Ingersoll Rand, Maradyne Corporation, KH Equipment, Gali, Air Starter Components (ASC), Tech Development (TDI), Shin Hueng Precision, Powerworks, Miller Air Starter, Multi Torque Industries, IPU Group.

The global Air Starters market is expanding growth with a CAGR of approximately 3.19% during the forecast period (2022 to 2030).

The global Air Starters market size was valued at USD 146.76 million in 2021 and it is projected to reach around USD 178.4 million by 2030.

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  • Service guarantee available.
  • Personalised market brief by author.
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  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
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