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 global automotive alternator and starter motor market has witnessed significant transformations from 2018 to 2022, with demand heavily influenced by a variety of technological, economic, and regulatory factors. This period was marked by the adoption of advanced automotive technologies, particularly the growing popularity of electric vehicles (EVs) and hybrids. However, conventional internal combustion engine (ICE) vehicles continued to dominate, driving a steady demand for traditional alternators and starter motors. The market was characterized by a strong focus on fuel efficiency, environmental concerns, and the increasing integration of smart systems in vehicles. A shift towards high-performance and durable alternators, designed for electric and hybrid vehicles, was noticeable, as manufacturers sought to meet the growing need for energy-efficient solutions.
During 2018-2022, the automotive alternator and starter motor market grew at a moderate pace. Key regions like North America, Europe, and Asia Pacific saw high demand, driven by both emerging economies and established markets. The surge in vehicle production and increasing sales of electric vehicles (EVs) helped stimulate the market, though challenges such as high manufacturing costs and complex integration requirements for electric vehicle components posed obstacles. The market’s future trajectory remained strong, with growing investments in electric vehicle infrastructure and the development of innovative solutions designed to enhance alternator and starter motor efficiency. By 2022, the market was valued at billions of dollars, with positive growth indicators for the coming years.
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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
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
Passenger vehicle
Commercial Vehicle
Off-road Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Alternator and Starter Motor market share In 2023.
Alternator
Starter Motor
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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