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Air Starters - Global Market Trajectory & Analytics

  • ID: 4804469
  • Report
  • April 2021
  • Region: Global
  • 298 pages
  • Global Industry Analysts, Inc
Global Air Starters Market to Reach $423.3 Million by 2027

Amid the COVID-19 crisis, the global market for Air Starters estimated at US$359.1 Million in the year 2020, is projected to reach a revised size of US$423.3 Million by 2027, growing at a CAGR of 2.4% over the period 2020-2027. Vane Air Starter, one of the segments analyzed in the report, is projected to record 2% CAGR and reach US$149.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Turbine Air Starter segment is readjusted to a revised 2.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $97.2 Million, While China is Forecast to Grow at 4.5% CAGR

The Air Starters market in the U.S. is estimated at US$97.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$83.2 Million by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Select Competitors (Total 58 Featured):
  • Air Starter Components (ASC)
  • Gali Internacional SA
  • Industrial Power Units Ltd.
  • Kh Equipment Pty Ltd.
  • Maradyne Corporation
  • Miller Air Starter Co., Inc. (Masco)
  • Multi Torque Industries Pty. Ltd.
  • Powerworks (Pty) Ltd.
  • Shin Hueng Precision Co., Ltd.
  • Tech Development
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Definition
  • Factors Driving Growth
  • Advances in Air Starter Technology
  • Use of Aerodynamic Speed Control
  • Growth in Oil and Gas Industry to Spur the Demand for Air Starters
  • Exhibit 1: Global E&P Spending by Country/Region 2017-2019
  • Use of Air Starters in Marine Applications
  • Improved Outlook for the Global Mining Industry to Support Demand for Air Starters
  • Exhibit 2: Capital Expenditure of Major Mining Companies: 2010-2019
  • Improving environment in the Aircraft industry to Drive Gains
  • Exhibit 3: Global Airlines Revenues (2003-2019)
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 58
Note: Product cover images may vary from those shown
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