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
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| Regions covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America
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| 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
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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
Our in-depth analysis of the Automotive Alternator and Starter Motor Market includes the following segments:
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By Product:
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Passenger
Starter Motor
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By Vehicle Type :
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Passenger Vehicle
Commercial Vehicle
Off-road Vehicle
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By Sales Channel :
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OEM
Aftermarket
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Alternator and Starter Motor Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Alternator and Starter Motor Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Passenger
7.3. 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, 2023-2033
8.2. Passenger Vehicle
8.3. Commercial Vehicle
8.3.1. Light Commercial Vehicle
8.3.2. Heavy Commercial Vehicle
8.4. Off-road Vehicle
8.4.1. Agriculture Tractors & Equipment
8.4.2. 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, 2023-2033
9.2. OEM
9.3. 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-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. BBB Industries
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Broad-Ocean Technologies
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Cummins Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. DENSO CORPORATION
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. HELLA GmgH & Co. KGaA
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Hitachi Astemo, Ltd.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Mitsuba Corp.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent development
15.8. Prestolite Electric Incorporated
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent development
15.9. Robert Bosch GmbH
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent development
15.10. Valeo
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. 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.
