Us Automotive Alternator and Starter Motor Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Automotive Alternator and Starter Motor Market was valued at USD 43.5 Billion in 2022 and is projected to reach USD 69.8 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The U.S. automotive alternator and starter motor market is a vital segment of the automotive industry, encompassing the design, manufacturing, and distribution of these essential components. Alternators generate electrical power to recharge a vehicle's battery and supply energy to its electrical systems, while starter motors are responsible for initiating engine operation. Together, they ensure the reliable performance of vehicles on the road.
In 2020, the U.S. automotive aftermarket industry was valued at approximately $383 billion, contributing over 2.3% to the nation's GDP. This expansive market employed around 4.4 million individuals across manufacturers, distributors, retailers, and repair shops. The automotive aftermarket includes the manufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, tools, equipment, technologies, and accessories. The demand for automotive parts correlates with the average age of vehicles on the road and the price of fuel. When newer cars are more expensive or there are supply chain issues, consumers are more likely to keep and repair their existing cars, or purchase older used cars that require more regular repairs. citeturn0search4
Several key players dominate the U.S. automotive alternator and starter motor market. Remy International, headquartered in Pendleton, Indiana, is a prominent manufacturer and distributor of light-duty starters and alternators. The company operates facilities in multiple countries, including the United States, and offers products under the Delco Remy brand. citeturn0search0
BorgWarner, a global automotive supplier, has expanded its presence in the U.S. market through strategic acquisitions. In 2015, BorgWarner acquired Remy International for $950 million, enhancing its capabilities in the production of starters and alternators. citeturn0search2
Prestolite Electric, based in Novi, Michigan, is another significant player in the industry. The company manufactures and supplies alternators and starter motors to various sectors, including transportation, industrial, military, marine, agricultural, and construction industries. citeturn0search3
The automotive aftermarket sector is characterized by a diverse range of products and services, including the manufacturing, distribution, retailing, and installation of vehicle parts, chemicals, tools, equipment, technologies, and accessories. The industry has experienced robust growth due to an increase in demand and vehicle sales. The stability and highly integrated North American supply chain have also been particularly beneficial to suppliers, contributing to growth in both jobs and investments in the United States. citeturn0search4
In summary, the U.S. automotive alternator and starter motor market is a dynamic and integral component of the automotive industry, driven by key manufacturers and a robust aftermarket sector. The industry's growth is influenced by factors such as vehicle age, fuel prices, and consumer preferences, all contributing to its ongoing evolution and significance in the U.S. economy.
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ASIMCO Technologies
Citigroup
Cummins Inc
BBB Industries
Broad-Ocean Technologies
BorgWarner
Denso CORPORATION
Hella GmbH & Co. KGaA
Hitachi Astemo
Ltd.
Mitsuba Corp.
Mitsubishi Electric
Ningbo zhongwang AUTO Fittings
Prestolite Electric Incorporated.
Robert Bosch GmbH
Unipoint
Valeo
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Alternator and Starter Motor Market
Internal Combustion Engine (ICE)
Hybrid Engines
Electric Vehicle (EV) Powertrains
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Off-Road Vehicles
OEM (Original Equipment Manufacturer)
Aftermarket
Conventional Alternators and Starter Motors
Smart Alternators and Starter Motors
Regenerative Braking Systems
Gasoline
Diesel
Alternative Fuels
Electric
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Alternator and Starter Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Alternator and Starter Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Alternator and Starter Motor Market, By Type
6. Global Automotive Alternator and Starter Motor Market, By Application
7. Global Automotive Alternator and Starter Motor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Alternator and Starter Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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