Research Reports

Automotive & Transportation

icon
Home » Reports » Automotive Starter And Alternator Market
Market Research Report

Automotive Starter and Alternator Market ByProduct (Starter Motor & Alternator); By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle & Heavy Commercial Vehicle); By Sales Channel (OEM & Aftermarket) - Global Historical Growth (2012-2016) & Future Outlook (2017-2027) Demand Analysis & Opportunity Evaluation

Published On : 05:29 AM, 3rd July, 2018 REP-ID-802 Category: Automotive & Transportation

Automotive Starter and Alternator Market Overview

Automotive starter is an automotive part, used to turn on internal combustion engine and it’s responsible for engine operation under its own power. Automotive starter can be electric, hydraulic and pneumatic. Alternators refer to an automotive part which is used to charge the battery and power the electrical system.

Market Size and Forecast

Global automotive starter and alternator market is expected to grow at a CAGR of 4.6% during the forecast period i.e. 2018-2027. The automotive starter and alternator market was held to be USD 25.1 Billion in 2017 and is anticipated to garner USD 37.6 Billion by the end of 2027. Factors such as increasing sale of automotive across the globe coupled with rising disposable income are making headway for the growth of the global automotive starter and alternator market. Moreover, rising production and sale of hybrid vehicles is anticipated to positively impact the growth of the market.

Automotive starter and alternator market

Geographically, Asia Pacific is anticipated to dominate the overall market of automotive starter and alternator during the forecast period. Moreover, Asia Pacific is poised to record fastest growth rate during the forecast period. Rising base of affluent middle class population coupled with increasing sale of automotive vehicles is predicted to trigger the growth of the automotive starter and alternator market in years ahead. According to OICA, in Asia-Pacific, 53,540,607 motor vehicle were produced in 2017. Moreover, Asia Pacific represented a Y-O-Y growth of 3.3% & accounted for 54.5% market share, in the terms of motor vehicle production, as compared to the rest of world. Countries such as China, Japan and India are anticipated to exhibit faster growth rate as compared to other countries in the region. Moreover, major automotive manufacturers are expanding their production facilities in Asian countries. This factor is opening a gateway of opportunities for the domestic and foreign vendors.

Europe automotive starter and alternator market is expected to witness substantial growth over the forecast period. Increasing production of automotive vehicles in the region bodes well for Automotive Starter and Alternator market. In 2017, 22.1 million motor vehicle were produced in Europe as compared to 21.4 million cars in 2016.

Further, North America region is anticipated to grow at significant rate during the forecast period. The market of North America region is mainly expanding on the back of the increasing sale of vehicles in the region. Further, high disposable income of the population is believed to positively impact the growth of automotive starter and alternator market during the forecast period.

Based on vehicle type, automotive starter and alternator market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle, out of which, passenger cars is expected to dominate the overall automotive starter and alternator market during the forecast period.

Market Segmentation

Our-in depth analysis of the global automotive starter and alternator market includes the following segments:

By Product

  • Starter Motor
    • Electric
    • Pneumatic
    • Hydraulic
    • Others
  • Alternator
    • Claw Pole Alternator
    • Cylindrical Alternator

By Vehicle Type

  • Passenger Cars
    • Sports Cars
    • Luxury Vehicles
    • Economy Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Sales Channel

  • OEM
  • Aftermarket

By Region

The global automotive starter and alternator market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Turkey, BENELUX & Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Malaysia & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, Israel, North Africa and South Africa) Market size, Y-O-Y growth & Opportunity Analysis

Automotive Starter and Alternator Market GAGR

Growth Drivers and Challenges

Growing production of automotive in the world is likely to benefit global automotive starter and alternator market. Moreover, increasing sale of vehicles across the globe fuels the growth opportunities for automotive starter and alternator aftermarket. Further, increasing urbanization and rising disposable income of the population is driving the growth of the automotive industry which in turn, is anticipated to accelerate the growth of the global automotive starter and alternators market.

Increasing spending on automotive in emerging economies such as India and others is anticipated to further open a gateway of opportunities for the growth of the global automotive starter and alternator market in the years ahead. Furthermore, increasing willingness of the consumers to spend more on automobiles is encouraging the manufacturers to spend more on research and development and develop advanced automotive parts. This factor bodes well for the growth of automotive starter and alternator market.

However, increasing demand for electric vehicles is negatively impacting the growth of automotive starter and alternator market.

Key Players

  • Robert Bosch GmbH
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Denso Corporation
  • Hitachi Automotive Systems, Ltd.
  • Valeo SA
  • Mitsuba Corporation
  • Hella KGAA Hueck & Co.
  • Lucas Electrical
  • Mitsubishi Electric Corporation
  • Controlled Power Technologies Ltd.
  • ASIMCO Technologies Ltd.
  • Other Key Players

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global automotive starter and alternator market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Vehicle Type Market Size & Y-O-Y Growth Analysis
  • By Sales Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

Ansal Corporate Park, Plot no 7A/1,
Tower A1,
Sector 142 Noida., 201301 India
info@researchnester.com

US Office

77 Water Street 8th Floor,
New York, New York, 10005
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2018 Research Nester. All rights reserved

Top