Automotive Alternator and Starter Motor Market Growth, Size, Trends and Future Challenges
Automotive Alternator and Starter Motor Market Size- By Product, By Vehicle Type, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: MACH2341 | Pages: 1 - 234 | Formats*: |
| Category : Equipment and Machinery | |||
Automotive Alternator and Starter Motor Market Introduction and Overview
According to SPER Market Research, the Global Automotive Alternator and Starter Motor Market is estimated to reach USD 51.49 billion by 2033 with a CAGR of 4.79%.
The report includes an in-depth analysis of the Global Automotive Alternator and Starter Motor Market, including market size and trends, product mix, end users, and supplier analysis. The automotive alternator is an electrical device in the engine that generates electricity. It powers numerous components such as headlights and air conditioning while also charging the battery. When the engine is running, the alternator's rotor and stator generate a magnetic field. This causes an electric current to flow through the stator windings, supplying power to the vehicle. The starter motor, on the other hand, is responsible for starting the engine. The starting motor uses electrical energy from the battery to rotate the engine's flywheel when the ignition key is turned on. This ignites the fuel mixture and starts the combustion process. When the engine starts, the alternator kicks in to supply power.
- Automotive Industry Growth: The automotive sector is the key source of demand for alternators and starter motors. As the global automotive industry expands due to reasons such as population expansion, rising disposable incomes, and urbanization, so does demand for vehicles such as passenger cars, commercial vehicles, and off-road vehicles. This, in turn, increases demand for alternators and starter motors, which are required for vehicle operation.
- Vehicle Electrification and Hybridization: The increased emphasis on environmental sustainability, as well as the shift toward electric and hybrid vehicles, are pushing the alternator and starting motor industry. Electric and hybrid vehicles necessitate sophisticated electrical systems and power management solutions, such as improved alternators and starter motors. The market for these components is likely to increase dramatically as demand for EVs and hybrid vehicles grows.
Market Opportunities and Challenges
The automotive alternator and starter motor business offers enormous opportunities as well as significant challenges. One of the most exciting opportunities is the growing use of electric cars (EVs). While EVs do not require traditional starting motors, alternators or similar components are still used for power generation and battery charging. Manufacturers can capitalize on this trend by creating high-output alternators or customized charging systems designed specifically for electric vehicles.
However, the market faces some difficulties. The transition to electric and hybrid vehicles creates an obstacle because traditional alternators and starting motors may see a drop in demand. Alternative charging and power generation methods for electric and hybrid vehicles must be developed by manufacturers to adapt. Another difficulty is the rising complexity of modern automobiles with advanced electronics and control systems. Manufacturers must ensure compatibility, dependability, and the ability to meet the power requirements of these advanced systems. Continuous technological progress and adaptability to new vehicle architectures are required.
Market Competitive Landscape
The automotive alternator and starter motor market competitive landscape is characterized by the existence of multiple important players, both worldwide and regional, all vying for a competitive edge in the industry. Product quality, technical innovation, price, distribution methods, and customer service are all criteria that these businesses compete on. Global market leaders include Bosch, Denso Corporation, Valeo, Mitsubishi Electric Corporation, and Hitachi Automotive Systems. These firms are well-known for creating dependable and high-performance alternators and starter motors.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Vehicle Type, By Sales Channel |
| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | BBB Industries, Braod-Ocean Technologies, Cummins Inc, DENSO CORPORATION, HELLA GmgH & Co. KGaA, Hitachi Astemo Ltd, Mitsuba Corp, Prestolite Electric Incorporated, Robert Bosch GmbHn, Valeo, Others |
COVID-19 Impact on Global Automotive Alternator and Starter Motor Market
The pandemic of COVID-19 has had a major impact on the worldwide economy, particularly the automotive industry. The drop in demand for new automobiles is one of the key problems affecting the automotive alternator and starter motor industry. Due to economic uncertainty and the financial burden of the epidemic, many people have put off acquiring a new automobile. As a result, demand for alternators and starting motors has decreased. Furthermore, the epidemic has affected supply systems, resulting in production delays and raw material shortages. Manufacturers' production costs have risen as a result, potentially raising consumer prices. Furthermore, the pandemic had an influence on the world economy, causing a slowdown in industrial and commercial activity.
Key Target Audience:
- Automotive Original Equipment Manufacturers (OEMS)
- Aftermarket Retailers and Distributors
- Automotive Parts Suppliers
- Automotive Repair Shops and Service Centers
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Key Topics Covered in the Report:
- Global Automotive Alternator and Starter Motor Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Alternator and Starter Motor Market
- Segmentation of Global Automotive Alternator and Starter Motor Market By Product (Passenger, Starter Motor)
- Segmentation of Global Automotive Alternator and Starter Motor Market By Vehicle Type (Passenger Vehicle, Commercial, Off-road Vehicle)
- Segmentation of Global Automotive Alternator and Starter Motor Market By Sales Channel (OEM, Aftermarket)
- Statistical Snap of Global Automotive Alternator and Starter Motor Market
- Expansion Analysis of Global Automotive Alternator and Starter Motor Market
- Problems and Obstacles in Global Automotive Alternator and Starter Motor Market
- Competitive Landscape in the Global Automotive Alternator and Starter Motor Market
- Effects of COVID-19 and demonetization on Global Automotive Alternator and Starter Motor Market
- Details on Current Investment in Global Automotive Alternator and Starter Motor Market
- Competitive Landscape of Global Automotive Alternator and Starter Motor Market
- Prominent Players in the Global Automotive Alternator and Starter Motor Market
- SWOT Analysis of Global Automotive Alternator and Starter Motor Market
- Global Automotive Alternator and Starter Motor Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Automotive Alternator and Starter Motor Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Alternator and Starter Motor Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Alternator and Starter Motor Market
7. Global Automotive Alternator and Starter Motor Market, By Product (USD Million)
7.1. Global Automotive Alternator and Starter Motor Market Value Share and Forecast, By Product, 2023-20337.2. Passenger7.3. Starter Motor
8. Global Automotive Alternator and Starter Motor Market, By Vehicle Type (USD Million)
8.1. Global Automotive Alternator and Starter Motor Market Value Share and Forecast, By Vehicle Type, 2023-20338.2. Passenger Vehicle8.3. Commercial Vehicle8.3.1. Light Commercial Vehicle8.3.2. Heavy Commercial Vehicle8.4. Off-road Vehicle8.4.1. Agriculture Tractors & Equipment8.4.2. Construction & Mining Equipment
9. Global Automotive Alternator and Starter Motor Market, By Sales Channel (USD Million)
9.1. Global Automotive Alternator and Starter Motor Market Value Share and Forecast, By Sales Channel, 2023-20339.2. OEM9.3. Aftermarket
10. Global Automotive Alternator and Starter Motor Market Forecast, 2019-2033 (USD Million)
10.1. Global Automotive Alternator and Starter Motor Market Size and Market Share
11. Global Automotive Alternator and Starter Motor Market, By Product, 2019-2033 (USD Million)
11.1. Global Automotive Alternator and Starter Motor Market Size and Market Share By Product (2019-2026)11.2. Global Automotive Alternator and Starter Motor Market Size and Market Share By Product (2027-2033)
12. Global Automotive Alternator and Starter Motor Market, By Vehicle Type, 2019-2033 (USD Million)
12.1. Global Automotive Alternator and Starter Motor Market Size and Market Share By Vehicle Type (2019-2026)12.2. Global Automotive Alternator and Starter Motor Market Size and Market Share By Vehicle Type (2027-2033)
13. Global Automotive Alternator and Starter Motor Market, By Sales Channel, 2019-2033 (USD Million)
13.1. Global Automotive Alternator and Starter Motor Market Size and Market Share By Sales Channel (2019-2026)13.2. Global Automotive Alternator and Starter Motor Market Size and Market Share By Sales Channel (2027-2033)
14. Global Automotive Alternator and Starter Motor Market, By Region, 2019-2033 (USD Million)
14.1. Global Automotive Alternator and Starter Motor Market Size and Market Share By Region (2019-2026)14.2. Global Automotive Alternator and Starter Motor Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific14.4. Europe14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe14.5. Middle East and Africa14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa14.6. North America14.6.1. Canada14.6.2. Mexico14.6.3. United States14.7. Latin America14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. BBB Industries15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Broad-Ocean Technologies15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. Cummins Inc.15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. DENSO CORPORATION15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. HELLA GmgH & Co. KGaA15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. Hitachi Astemo, Ltd.15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Mitsuba Corp.15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent development15.8. Prestolite Electric Incorporated15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent development15.9. Robert Bosch GmbH15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent development15.10. Valeo15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent development
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
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Automotive Alternator and Starter Motor Market size is USD 51.49 billion from 2023 to 2033.
Automotive Alternator and Starter Motor Market Segment is Covered By Product, By Vehicle Type, By Sales Channel
The North America region is anticipated to have the highest market share in Automotive Alternator and Starter Motor Market.
The key players in the market include Companies Covered BBB Industries, Braod-Ocean Technologies, Cummins Inc, DENSO CORPORATION, HELLA GmgH & Co. KGaA, Hitachi Astemo Ltd, Mitsuba Corp, Prestolite Electric Incorporated, Robert Bosch GmbHn, Valeo, Others
The increased emphasis on environmental sustainability, as well as the shift toward electric and hybrid vehicles, are pushing the alternator and starting motor industry.
Automotive Alternator and Starter Motor Market is projected to reach USD 51.49 billion by 2033, growing at a CAGR of 4.79% during the forecast period.
Automotive Alternator and Starter Motor Market grew in market size from 2023. The Market is expected to reach USD 51.49 billion by 2033, at a CAGR of 4.79% during the forecast period.
Automotive Alternator and Starter Motor Market CAGR of 4.79% during the forecast period.
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