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
[137 Pages Report] The global air starter market is projected to reach USD 397.0 Million by 2021 from an estimated value of USD 329.7 Million in 2016, growing at a CAGR of 3.8% from 2016 to 2021. Rising demand for compact starters, compatibility to explosive environments, higher power-to-weight ratio, and easy maintenance are driving the air starter market.
The years considered for the study are:
- Base Year: 2015
- Estimated Year: 2016
- Projected Year: 2021
- Forecast Period: From 2016 to 2021
2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the study
- To define, describe, and forecast the global air starter market on the basis of application, end-user, and region
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the air starter market with respect to individual growth trends of manufacturers and service providers, their future expansions, and contribution to the market
- To forecast the growth of the air starter market with respect to the main regions (Asia-Pacific, Europe, North America, South America, and the Middle East & Africa)
- To strategically profile key market players and comprehensively analyze their market shares and core competencies*
- To track and analyze market opportunities for stakeholders and details of competitive developments, such as contracts & agreements, mergers & acquisitions, expansions, and new product/technology launch in the global air starter market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, publications of American Trucking Association, National Fluid Power Association, British Fluid Power Association, German Machinery and Plant Manufacturers Association, Association of Equipment Manufacturers, Process Equipment Manufacturers Association, corporate filings (such as annual reports, investor presentations, and financial statements), and publications from trade, business, and professional associations among others. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard and certification organizations and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.
- Current demand and trends of consumption of medium and large Diesel engines were understood/analysed globally. Large cubic capacities especially linked to applications in industries such as oil & gas, marine, aviation and mining among others.
- Diesel engine demand is further bifurcated based on the operating conditions such as operating environments, space constraints, criticality of applications, operating weather conditions split by geographies, and availability of compressed air etc.
- Main global suppliers market developments were tracked and analysed in the recent years to form market trends and create market size information accordingly
- Key influencers of air starters market and alternative such as electric starters and hydraulic starters has been analyzed in the process
- Key industry opinions and inputs were consolidated and analysed based on the various findings on air starters market.
The figure given below shows the breakdown of the primaries based on company type, designation, and region, conducted during the research study.
To know about the assumptions considered for the study, download the pdf brochure
The air starter market comprises a few major and regional players and distributors. 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.).
Target Audience
- OEMs
- Distributers & suppliers
- Consulting firms
- Private equity groups
- Investment houses
- Equity research firms
- Other similar entities
The study answers several questions for stakeholders, primarily which market segments to focus on in the next 25 years for prioritizing efforts and investments.
Get online access to the report on the World's First Market Intelligence Cloud
Request Sample Scope of the Report
- By Type:
- Turbine starter
- Vane starter
- By Industry
- Oil & gas
- Aviation
- Mining
- Marine
- Others
- By Region
- Asia-Pacific
- Europe
- North America
- South America
- The Middle East & Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
- Detailed analysis and profiling of regional market players (Up to 5)
- Further analysis of air starter types by country
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 & gas, aviation and mining. The U.S. is the fastest growing market in the forecast period.
The figure below shows the market size comparison of major regions between 2016 and 2021.
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, OEMs 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.)
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Limitations
3 Executive Summary (Page No. - 25)
3.1 Introduction
3.2 Air Starter Components
3.3 Historical Backdrop, Evolution, & Current Scenario
3.4 Conclusion
4 Premium Insights (Page No. - 29)
4.1 Opportunities in the Air Starter Market, 20162021
4.2 North America Accounted for the Largest Market Share in 2015
4.3 Air Starter Market, By Product Type, 20162021
4.4 The Air Starter Market in the North American Region Was Driven By the U.S. in 2015
4.5 Aviation Industry Market is Expected to Grow at A Fast Pace During the Forecast Period
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By End User
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Compatibility to Hazardous Environments
5.3.1.2 Compact Size & Higher Power-To-Weight Ratio
5.3.2 Restraints
5.3.2.1 Higher Price as Compared to Electric Starters
5.3.2.2 Availability of Alternatives Such as Electric Starters, Variable Frequency Drives
5.3.3 Opportunities
5.3.3.1 Rising Activities in Offshore Oil & Gas Sector
5.3.3.2 Growth of Aviation Industry
5.3.4 Challenges
5.3.4.1 Technological Advancements in Battery Technology
6 Industry Trends (Page No. - 40)
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porters Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
7 Air Starter Market, By Type (Page No. - 44)
7.1 Introduction
7.2 Turbine Starter
7.3 Vane Starter
8 Air Starter Market, By End User (Page No. - 48)
8.1 Introduction
8.2 Oil & Gas
8.3 Aviation
8.4 Marine
8.5 Mining
8.6 Others
9 Air Starter Market, By Region (Page No. - 54)
9.1 Introduction
9.2 North America
9.3 By Type
9.4 By End-User
9.5 Oil & Gas .
9.6 Aviation
9.7 Mining
9.8 Marine
9.9 Others
9.10 By Country
9.10.1 U.S.
9.10.2 Canada
9.10.3 Mexico
9.11 Europe
9.12 By Type
9.13 By End-User
9.14 Oil & Gas .
9.15 Aviation
9.16 Mining
9.17 Marine
9.18 Others
9.19 By Country
9.19.1 Germany
9.19.2 U.K.
9.19.3 France
9.19.4 Russia
9.19.5 Spain
9.19.6 Greece
9.19.7 Rest of Europe
9.20 South America
9.21 By Type
9.22 By End-User
9.23 Oil & Gas
9.24 Aviation
9.25 Mining
9.26 Marine
9.27 Others
9.28 By Country
9.28.1 Brazil
9.28.2 Venezuela
9.28.3 Colombia
9.28.4 Rest of South America
9.29 Asia-Pacific
9.30 By Type
9.31 By End-User
9.32 Oil & Gas .
9.33 Aviation
9.34 Mining
9.35 Marine
9.36 Others
9.37 By Country
9.37.1 China
9.37.2 Japan
9.37.3 India
9.37.4 Australia
9.37.5 South Korea
9.37.6 Malaysia
9.37.7 Indonesia
9.37.8 Rest of Asia-Pacific
9.38 The Middle East & Africa
9.39 By Type
9.40 By End-User
9.41 Oil & Gas
9.42 Aviation
9.43 Mining
9.44 Marine
9.45 Others
9.46 By Country
9.46.1 Saudi Arabia
9.46.2 United Arab Emirates
9.46.3 South Africa
9.46.4 Egypt
9.46.5 Nigeria
9.46.6 Rest of the Middle East & Africa
10 Competitive Landscape (Page No. - 100)
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Contracts & Agreements
10.4 New Product Launches
10.5 Expansions
10.6 Mergers & Acquisitions
11 Company Profiles (Page No. - 105)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 Ingersoll Rand Inc.
11.3 Maradyne Corporation
11.4 KH Equipment PTY Ltd.
11.5 Gali Internacional, S.A (Gali Group)
11.6 Air Starter Components, Inc. (ASC)
11.7 Tech Development (TDI)
11.8 Shin Hueng Precision Co., Ltd.
11.9 Powerworks (PTY) Ltd.
11.10 Miller Air Starter Co., Inc. (Masco)
11.11 Multi Torque Industries PTY. Ltd.
11.12 Industrial Power Units Ltd., (IPU Group)
*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 130)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
List of Tables (86 Tables)
Table 1 Compatibility to Explosive Environment & Compact Size are the Key Factors Driving the Air Starter Market
Table 2 Higher Price & Availability of Better Alternatives Could Restrain the Growth of the Air Starter Market
Table 3 Rising Activities in Offshore Oil & Gas Sector and Growth of Aviation Sector Opens Opportunities for the Air Starter Market
Table 4 Technological Advancements in Battery Technology is A Challenge for the Air Starter Market
Table 5 Air Starter Market Size, By Type, 20142021 (USD Million)
Table 6 Turbine Starter: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 7 Vane Starter: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 8 Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 9 Oil & Gas: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 10 Aviation: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 11 Marine: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 12 Mining: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 13 Others: Air Starter Market Size, By Region, 20142021 (USD Million)
Table 14 Air Starter Market Size, By Region, 20142021 (USD Million)
Table 15 North America: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 16 North America: By Market Size, By Type, 20142021 (USD Million)
Table 17 North America: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 18 Oil & Gas: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 19 Aviation: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 20 Mining: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 21 Marine: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 22 Others: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 23 U.S.: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 24 Canada: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 25 Mexico Air Starters Market Size, By End User, 20142021 (USD Million)
Table 26 Europe: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 27 Europe: By Market Size, By Type, 20142021 (USD Million)
Table 28 Europe: By Market Size, By End-User, 20142021 (USD Million)
Table 29 Oil & Gas: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 30 Aviation: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 31 Mining: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 32 Marine: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 33 Others: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 34 Germany: Air Starters Market Size, By End User, 20142021 (USD Million)
Table 35 U.K.: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 36 France: Air Starter Market Size, By End User, 20142021 (USD Million)
Table 37 Russia: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 38 Spain: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 39 Greece: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 40 Rest of Europe: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 41 South America: By Market Size, By Country, 20142021 (USD Million)
Table 42 South America: By Market Size, By Type, 20142021 (USD Million)
Table 43 South America Air Starters Market Size, By End-User, 20142021 (USD Million)
Table 44 Oil & Gas: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 45 Aviation: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 46 Mining: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 47 Marine: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 48 Others: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 49 Brazil: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 50 Venezuela: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 51 Colombia: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 52 Rest of South America: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 53 Asia-Pacific: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 54 Asia-Pacific: By Market Size, By Type, 20142021 (USD Million)
Table 55 Asia-Pacific: By Market Size, By End-User, 20142021 (USD Million)
Table 56 Oil & Gas: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 57 Aviation: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 58 Mining: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 59 Marine: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 60 Others: Air Starter Market Size, By Country, 20142021 (USD Thousand)
Table 61 China: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 62 Japan: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 63 India: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 64 Australia: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 65 South Korea: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 66 Malaysia: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 67 Indonesia: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 68 Rest of Asia-Pacific: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 69 The Middle East & Africa: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 70 Middle East & Africa: Air Starter Market Size, By Type, 20142021 (USD Million)
Table 71 Middle East & Africa: By Market Size, By End-User, 20142021 (USD Million)
Table 72 Oil & Gas: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 73 Aviation: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 74 Mining: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 75 Marine: Air Starter Market Size, By Country, 20142021 (USD Million)
Table 76 Others: Air Starter Market Size, By Country, 20142021 (USD Thousand)
Table 77 Saudi Arabia: Air Starter Market Size, By End-User, 20142021 (USD Thousand)
Table 78 UAE: Air Starter Market Size, By End-User, 20142021 (USD Thousand)
Table 79 South Africa: Air Starter Market Size, By End-User, 20142021 (USD Thousand)
Table 80 Egypt: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 81 Nigeria: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 82 Rest of the Middle East & Africa: Air Starter Market Size, By End-User, 20142021 (USD Million)
Table 83 Contracts & Agreements, 20152016
Table 84 New Product Launches, 2012
Table 85 Expansions, 20132015
Table 86 Mergers & Acquisitions/Joint Ventures, 20152016
List of Figures (40 Figures)
Figure 1 Markets Covered: Air Starter Market
Figure 2 Air Starter Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 North America Occupied the Largest Market Share (Value) in 2015
Figure 8 Air Starter Market Share (Value), By Product Type, 2015
Figure 9 Oil & Gas End-User Segment is Expected to Account for the Maximum Share of the Air Starter Market During the Forecast Period
Figure 10 Oil & Gas Segment Market Snapshot: North America is Projected to Be the Largest Market Till 2021
Figure 11 The Turbine Starter Market is Expected to Grow at Fast Pace in North America & Europe
Figure 12 The Need for Safe Engine Starting Technique in the Offshore Oil & Gas and Mining Industries is A Key Demand Driver for the Air Starter Market
Figure 13 North America is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 14 Turbine Starter Segment is Expected to Hold the Largest Share During the Forecast Period
Figure 15 Oil & Gas Was the Largest Industry Segment of the Air Starter Market in North America, 2015
Figure 16 Aviation Industry is Projected to Be the Second Largest Market, By Industry, Till 2021
Figure 17 Air Starter Market: Market Segmentation
Figure 18 Air Starter Market: By Type
Figure 19 Air Starter Market: By End-User
Figure 20 Air Starter Market: By Region
Figure 21 Compatibility to Explosive & Hazardous Environments and Compact Nature of Air Starters are Expected to Drive the Market
Figure 22 Offshore & Subsea Energy & Power Spending (USD Million)
Figure 23 Supply Chain Analysis: Air Starter Market
Figure 24 Porters Five Forces Analysis: Air Starter Market
Figure 25 Turbine Starter Segment is Expected to Dominate the Air Starter Market During the Forecast Period
Figure 26 Oil & Gas End-User Segment Accounted for the Largest Market Share in 2015
Figure 27 Regional Snapshot: North America is the Most Attractive Market for Air Starters
Figure 28 North America: Turbine Starter is the Most Attractive Market Segment for Air Starters
Figure 29 Air Starter Market: Regional Snapshot
Figure 30 Air Starter Market: Regional Snapshot
Figure 31 Companies Adopted Organic as Well as Inorganic Growth Strategies in the Past Years, 20122016
Figure 32 Battle for Market Share: Contracts & Agreements and New Product Launches Were the Key Strategies Adopted By the Players, 20122016
Figure 33 Market Evolution Framework: Contracts & Agreements and New Product Launches Led to Market Growth, 20122016
Figure 34 Ingersoll Rand : Company Snapshot
Figure 35 Ingersoll Rand: SWOT Analysis
Figure 36 Maradyne Corporation : SWOT Analysis
Figure 37 KH Equipment : SWOT Analysis
Figure 38 Gali Internacional: SWOT Analysis
Figure 39 ASC: SWOT Analysis
Figure 40 TDI Development: SWOT Analysis
Growth opportunities and latent adjacency in Air Starter Market