Summary

The Air Starter market is estimated to grow from USD 559 million by 2029 to an estimated USD 449 million in 2024, at a CAGR of 4.5% during the forecast period. Ongoing advancements in air starter technology, such as the use of enhanced materials and designs that improve durability and efficiency. Innovations such as the development of lighter and more compact starters with increased torque capabilities are particularly being focused. Unlike electric starters, air starters can withstand extreme temperatures and dusty environments and eliminate the risk of sparks. Further, expansion in key industries such as oil & gas, marine, and aviation significantly contributes to the increased adoption of air starters. These sectors largely use heavy equipment, which requires reliable and robust engine starting solutions to sustain their operations, making air starters an ideal choice.
“Turbine Air Starter segment is the largest segment of the air starter market, by type.”
The turbine air starter segment is the largest in the air starter market by type, driven by its extensive use in aviation and heavy machinery sectors. This segment's growth is attributed to the increasing demand for reliable and efficient starting solutions in high-performance applications, such as jet engines and large industrial gas turbines. The aerospace industry's expansion, along with the rising need for advanced starting mechanisms in military and commercial aircraft, significantly contributes to the turbine air starter segment's substantial market share. Additionally, technological advancements and the development of more efficient turbine air starters are further propelling the growth of this segment.
“Military & Aviation is expected to emerge as the Second largest segment based on End User segment.”
The military and aviation sector is expected to emerge as the second largest end-user of air starters during the forecast period. This growth is driven by the increasing demand for reliable and efficient starting solutions for commercial and military aircraft. Factors contributing to this growth include the expansion of military fleets, modernization of aircraft, and rising defense budgets in countries such as the US, China, and India. Additionally, advancements in air starter technology and the need for robust starting systems in critical applications further bolster the demand in this sector.
“North America is expected to emerge as the largest region based on Air Starter market.”
North America is expected to emerge as the largest region in the air starter market during the forecast period, driven by substantial investments in the aerospace and defense sectors, as well as significant industrial activities. The US, in particular, leads the region with its extensive fleet of commercial and military aircraft, which require reliable and efficient starting systems. Additionally, the presence of major air starter manufacturers and technological advancements in the region further boost market growth. The increasing focus on upgrading existing aircraft and industrial equipment also contributes to North America's dominant position in the global air starter market.









Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 25%, Europe- 30%, Asia Pacific- 25%, the Middle East & Africa- 12%, and South America- 8%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The Air Starter market is dominated by a few major players that have a wide regional presence. The leading players in the market are Ingersoll Rand (US), Caterpillar (US), Rheinmetall AG (Germany), and Honeywell International Inc. (US) among others
Research Coverage:
The report defines, describes, and forecasts the Air Starter market, by type, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the Air Starter market.
Key Benefits of Buying the Report
• Growing end use industries, especially oil & gas and military and aviation industries are the major factor driving the growth of air starter market. Higher prices of these starters compared to the electric air starters is the restraining the growth up some extent. Rapidly growing industrialization, especially in the Asia Pacific region is the growth opportunity for air starters market.
• Product Development/ Innovation: Innovations in air starters include advancement in vane and turbine air starters with improved efficiency.
• Market Development: The development of more efficient air starters is essential to effectively cater to the customized demand of end use industries. Increased adoption of technologically advanced products propel innovation, creating a dynamic landscape for Air Starter technologies to meet evolving demands.
• Market Diversification: Market diversification in the Air Starter market is a response to varied needs across industries and regions. Air Starter manufacturers diversify their product offerings to cater to the specific requirements of different sectors, fostering market growth and resilience.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Ingersoll Rand (US), Caterpillar (US), Rheinmetall AG (Germany), and Honeywell International Inc. (US) among others in the Air Starter market.

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Table of Contents

1 INTRODUCTION 20
1.1 STUDY OBJECTIVES 20
1.2 MARKET DEFINITION 20
1.3 STUDY SCOPE 21
1.3.1 AIR STARTER MARKET SEGMENTATION AND REGIONAL SCOPE 21
1.3.2 INCLUSIONS AND EXCLUSIONS 22
1.3.3 YEARS CONSIDERED 22
1.4 UNITS CONSIDERED 23
1.5 CURRENCY CONSIDERED 23
1.6 LIMITATIONS 23
1.7 STAKEHOLDERS 23
1.8 SUMMARY OF CHANGES 24
2 RESEARCH METHODOLOGY 25
2.1 RESEARCH APPROACH 25
2.1.1 SECONDARY DATA 26
2.1.1.1 Key data from secondary sources 26
2.1.1.2 List of major secondary sources 26
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 27
2.1.2.2 Key industry insights 27
2.1.2.3 Primary interviews with experts 28
2.1.2.4 Breakdown of primaries 28
2.2 MARKET SIZE ESTIMATION METHODOLOGY 29
2.2.1 BOTTOM-UP APPROACH 29
2.2.2 TOP-DOWN APPROACH 30
2.2.3 AIR STARTER MARKET: DEMAND-SIDE ANALYSIS 31
2.2.3.1 Regional analysis 32
2.2.3.2 Country-level analysis 32
2.2.3.3 Demand-side assumptions 32
2.2.3.4 Demand-side calculations 32
2.2.4 AIR STARTER MARKET: SUPPLY-SIDE ANALYSIS 33
2.2.4.1 Supply-side assumptions 34
2.2.4.2 Supply-side calculations 34
2.2.5 GROWTH FORECAST 34
2.3 DATA TRIANGULATION 34
2.4 RISK ANALYSIS 35
2.5 RESEARCH ASSUMPTIONS 36
2.6 RESEARCH LIMITATIONS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN AIR STARTER MARKET 40
4.2 AIR STARTER MARKET IN NORTH AMERICA, BY TYPE AND COUNTRY 40
4.3 AIR STARTER MARKET, BY END-USE INDUSTRY 41
4.4 AIR STARTER MARKET, BY TYPE 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 43
5.2.1.1 Thriving oil & gas and aviation sectors 43
5.2.1.2 Increasing deployment of air starters in hazardous industrial settings 44
5.2.2 RESTRAINTS 44
5.2.2.1 Higher costs than electric starters 44
5.2.3 OPPORTUNITIES 45
5.2.3.1 Increasing focus on R&D and integration of new technologies
into air starters 45
5.2.4 CHALLENGES 45
5.2.4.1 Advancements in battery technology 45
5.3 CASE STUDY ANALYSIS 46
5.3.1 IPU SUPPLIES ADVANCED AIR STARTS TO POWER CATERPILLAR 3616 ENGINES AT PEARL GTL PLANT IN QATAR TO ENSURE SAFETY AND RELIABILITY 46
5.3.2 IPU DEPLOYS AIR STARTERS FOR GENERATORS AT SAKHALIN ISLAND LNG PLANT FOR RELIABLE POWER IN EXTREME CLIMATES 46
5.3.3 IPU IMPLEMENTS STARTERS FOR GENERATORS AT SAKHALIN ISLAND LNG PLANT FOR RELIABLE PERFORMANCE UNDER EXTREME CONDITIONS 47
5.4 INVESTMENT AND FUNDING SCENARIO 47
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 48
5.6 VALUE CHAIN ANALYSIS 48
5.7 ECOSYSTEM ANALYSIS 50
5.8 TECHNOLOGY ANALYSIS 51
5.8.1 KEY TECHNOLOGIES 51
5.8.1.1 Quick action relay sequencing valves 51
5.8.2 ADJACENT TECHNOLOGIES 52
5.8.2.1 Engine control units (ECUs) 52
5.9 TRADE ANALYSIS 52
5.9.1 IMPORT SCENARIO (HS CODE 841239) 52
5.9.2 EXPORT SCENARIO (HS CODE 841239) 53
5.10 PATENT ANALYSIS 55
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 57
5.12 PRICING ANALYSIS 58
5.12.1 AVERAGE SELLING PRICE TREND OF AIR STARTERS, BY END-USE INDUSTRY 58
5.12.2 AVERAGE SELLING PRICE TREND OF AIR STARTERS, BY REGION 59
5.13 TARIFF AND REGULATORY LANDSCAPE 60
5.13.1 TARIFF ANALYSIS (HS CODE 841239) 60
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 61
5.13.3 REGULATORY FRAMEWORK 62
5.14 PORTER’S FIVE FORCES ANALYSIS 63
5.14.1 THREAT OF NEW ENTRANTS 65
5.14.2 BARGAINING POWER OF SUPPLIERS 65
5.14.3 BARGAINING POWER OF BUYERS 65
5.14.4 THREAT OF SUBSTITUTES 65
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 66
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 66
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 66
5.15.2 BUYING CRITERIA 67
5.16 IMPACT OF GENERATIVE AI ON AIR STARTER MARKET 67
5.16.1 ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN AIR STARTERS 67
5.16.2 IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN, BY TYPE AND REGION 68
5.16.3 IMPACT OF AI ON AIR STARTER MARKET, BY REGION 68
6 AIR STARTER MARKET, BY TYPE 69
6.1 INTRODUCTION 70
6.2 TURBINE AIR STARTER 71
6.2.1 HIGH POWER-TO-WEIGHT RATIO AND LOW MAINTENANCE
REQUIREMENTS TO BOOST SEGMENTAL GROWTH 71
6.3 VANE AIR STARTER 72
6.3.1 SIMPLE DESIGN AND ABILITY TO DELIVER HIGH TORQUE AT LOW
SPEEDS TO FUEL SEGMENTAL GROWTH 72
6.4 ELECTRIC AIR STARTER 73
6.4.1 SUSTAINABILITY AND DEMAND FROM AVIATION SECTOR TO
BOOST MARKET GROWTH 73
7 AIR STARTER MARKET, BY END-USE INDUSTRY 75
7.1 INTRODUCTION 76
7.2 OIL & GAS 77
7.2.1 ONGOING OIL AND GAS EXPLORATION PROJECTS TO BOOST DEMAND 77
7.3 MILITARY & AVIATION 78
7.3.1 INCREASING MILITARY BUDGET AND AGING AVIATION FLEET TO
CREATE GROWTH OPPORTUNITIES 78
7.4 MARINE 79
7.4.1 SIGNIFICANT FOCUS ON IMPROVING OVERALL OPERATIONAL EFFECTIVENESS OF MARINE VESSELS TO FOSTER MARKET GROWTH 79
7.5 MINING 81
7.5.1 SURGING ADOPTION OF SUSTAINABLE MINING SOLUTIONS TO
CONTRIBUTE TO MARKET GROWTH 81
7.6 OTHERS 82
8 AIR STARTER MARKET, BY REGION 84
8.1 INTRODUCTION 85
8.2 NORTH AMERICA 87
8.2.1 US 90
8.2.1.1 Steady growth in air travel demand to support market growth 90
8.2.2 CANADA 91
8.2.2.1 Significant focus of industrial players on reducing production delays and equipment maintenance costs to boost demand 91
8.2.3 MEXICO 92
8.2.3.1 Presence of oil and gas reserves in offshore areas to accelerate market growth 92
8.3 EUROPE 93
8.3.1 GERMANY 96
8.3.1.1 Robust automotive industry to boost adoption 96
8.3.2 UK 97
8.3.2.1 Transition toward clean energy to create growth opportunities 97
8.3.3 ITALY 98
8.3.3.1 Robust growth in energy sector to fuel market growth 98
8.3.4 FRANCE 99
8.3.4.1 Elevating demand for electric vehicles to create growth potential 99
8.3.5 RUSSIA 100
8.3.5.1 Presence of extensive mineral sources and robust mining
industry to fuel demand 100
8.3.6 REST OF EUROPE 101
8.4 ASIA PACIFIC 102
8.4.1 CHINA 104
8.4.1.1 Airport and power plant expansion projects in country to fuel
market growth 104
8.4.2 JAPAN 105
8.4.2.1 Surging demand from automotive, aerospace, and oil & gas
sectors to contribute to market growth 105
8.4.3 INDIA 106
8.4.3.1 Government's emphasis on increasing power generation
capacity to foster market growth 106
8.4.4 SOUTH KOREA 107
8.4.4.1 Elevating demand for large ships and vessels to augment
market growth 107
8.4.5 AUSTRALIA 108
8.4.5.1 Growing oil and gas exploration activities to create opportunities
for air starter providers 108
8.4.6 REST OF ASIA PACIFIC 109
8.5 MIDDLE EAST & AFRICA 110
8.5.1 GCC 113
8.5.1.1 Saudi Arabia 114
8.5.1.1.1 Significant demand from major airlines to fuel
market growth 114
8.5.1.2 UAE 115
8.5.1.2.1 Reserves of oil and gas in offshore fields to boost demand 115
8.5.1.3 Rest of GCC 116
8.5.2 SOUTH AFRICA 117
8.5.2.1 Robust mining sector to support market growth 117
8.5.3 NIGERIA 118
8.5.3.1 Increasing airline investments in fleet modernization to
support market growth 118
8.5.4 REST OF MIDDLE EAST & AFRICA 119
8.6 SOUTH AMERICA 120
8.6.1 BRAZIL 122
8.6.1.1 Rising focus on energy expansion capacity to create growth opportunities 122
8.6.2 ARGENTINA 123
8.6.2.1 Development and modernization of ports to support market growth 123
8.6.3 REST OF SOUTH AMERICA 124
9 COMPETITIVE LANDSCAPE 126
9.1 OVERVIEW 126
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2023 126
9.3 MARKET SHARE ANALYSIS, 2023 127
9.4 REVENUE ANALYSIS, 2019–2023 128
9.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 129
9.5.1 STARS 129
9.5.2 EMERGING LEADERS 129
9.5.3 PERVASIVE PLAYERS 129
9.5.4 PARTICIPANTS 130
9.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 131
9.5.5.1 Company footprint 131
9.5.5.2 Region footprint 132
9.5.5.3 Type footprint 133
9.5.5.4 End-use industry footprint 134
9.6 COMPANY VALUATION AND FINANCIAL METRICS 135
9.7 BRAND/PRODUCT COMPARISON 136
9.8 COMPETITIVE SCENARIO AND TRENDS 137
9.8.1 PRODUCT LAUNCHES 137
9.8.2 DEALS 137
10 COMPANY PROFILES 138
10.1 KEY PLAYERS 138
10.1.1 INGERSOLL RAND 138
10.1.1.1 Business overview 138
10.1.1.2 Products/Solutions/Services offered 139
10.1.1.3 Recent developments 140
10.1.1.3.1 Product launches 140
10.1.1.4 MnM view 141
10.1.1.4.1 Key strategies/Right to win 141
10.1.1.4.2 Strategic choices 141
10.1.1.4.3 Weaknesses/Competitive threats 141
10.1.2 CATERPILLAR 142
10.1.2.1 Business overview 142
10.1.2.2 Products/Solutions/Services offered 143
10.1.2.3 MnM view 144
10.1.2.3.1 Key strategies/Right to win 144
10.1.2.3.2 Strategic choices 144
10.1.2.3.3 Weaknesses/Competitive threats 144
10.1.3 RHEINMETALL AG 145
10.1.3.1 Business overview 145
10.1.3.2 Products/Services/Solutions offered 146
10.1.3.3 Recent developments 147
10.1.3.3.1 Deals 147
10.1.3.4 MnM view 147
10.1.3.4.1 Key strategies/Right to win 147
10.1.3.4.2 Strategic choices 147
10.1.3.4.3 Weaknesses/Competitive threats 147
10.1.4 HONEYWELL INTERNATIONAL INC. 148
10.1.4.1 Business overview 148
10.1.4.2 Products/Services/Solutions offered 149
10.1.4.3 MnM view 150
10.1.4.3.1 Key strategies/Right to win 150
10.1.4.3.2 Strategic choices 150
10.1.4.3.3 Weaknesses/Competitive threats 150
10.1.5 MARADYNE 151
10.1.5.1 Business overview 151
10.1.5.2 Products/Services/Solutions offered 152
10.1.6 KH EQUIPMENT 153
10.1.6.1 Business overview 153
10.1.6.2 Products/Services/Solutions offered 154
 
10.1.7 GALI 155
10.1.7.1 Business overview 155
10.1.7.2 Products/Services/Solutions offered 156
10.1.8 SPICO 157
10.1.8.1 Business overview 157
10.1.8.2 Products/Services/Solutions offered 157
10.1.9 POWER WORKS (PTY) LTD. 158
10.1.9.1 Business overview 158
10.1.9.2 Products/Services/Solutions offered 158
10.1.10 MASCO 159
10.1.10.1 Business overview 159
10.1.10.2 Products/Services/Solutions offered 159
10.1.11 INDUSTRIAL POWER UNITS LTD 160
10.1.11.1 Business overview 160
10.1.11.2 Products/Services/Solutions offered 160
10.1.12 TLD 161
10.1.12.1 Business overview 161
10.1.12.2 Products/Services/Solutions offered 161
10.1.13 GUINAULT 162
10.1.13.1 Business overview 162
10.1.13.2 Products/Services/Solutions offered 162
10.1.14 TEXTRON SPECIALIZED VEHICLES 163
10.1.14.1 Business overview 163
10.1.14.2 Products/Services/Solutions offered 163
10.1.15 JETALL 164
10.1.15.1 Business overview 164
10.1.15.2 Products/Services/Solutions offered 164
10.1.16 YSWINCH.COM 165
10.1.16.1 Business overview 165
10.1.16.2 Products/Services/Solutions offered 165
10.1.17 HILLIARD CORPORATION 166
10.1.17.1 Business overview 166
10.1.17.2 Products/Services/Solutions offered 166
10.1.18 TDI 167
10.1.18.1 Business overview 167
10.1.18.2 Products/Services/Solutions offered 168
10.1.19 MAK CONTROLS 169
10.1.19.1 Business overview 169
10.1.19.2 Products/Services/Solutions offered 169
 
10.1.20 DÜSTERLOH FLUIDTECHNIK GMBH 170
10.1.20.1 Business overview 170
10.1.20.2 Products/Services/Solutions offered 170
10.1.21 SAFRAN 171
10.1.21.1 Business overview 171
10.1.21.2 Products/Services/Solutions offered 171
11 APPENDIX 172
11.1 INSIGHTS FROM INDUSTRY EXPERTS 172
11.2 DISCUSSION GUIDE 173
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 176
11.4 CUSTOMIZATION OPTIONS 178
11.5 RELATED REPORTS 178
11.6 AUTHOR DETAILS 179