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Allied Market Research

Automotive Starter and Alternator Market by Product (Starter Motor and Alternator), Vehicle Type (Passenger Vehicle and Light Commercial Vehicles & Heavy Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11719
Pages: NA
Aug 2021 | 145 Views
   
Author(s) : Sonia Mutreja
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COVID-19

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 Automotive Starter & Alternator Market Outlook 2030 -

An automotive starter is an automotive part used to turn on internal combustion engine and it is accountable 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 battery and power electrical system. Alternator provides power to operate vehicle's ignition, electronics, and lights, and to charge battery. It is one of the most important components in the car charging system that powers engine. Car charging system consists of three main mechanisms, a voltage regulator, an alternator, and a battery. Alternator works with battery to produce power for electrical parts of a vehicle, such as instrument panel and exterior & interior lights. Alternators generate AC power with the help of an electromagnetism mechanism, which is produced through rotor and stator relationship.  Reduction in size of engines has encouraged manufacturers to develop starter motors and alternators that are in line with future trends. Different technologies such as improved starters, integrated starter generators, and direct start have been introduced. These technologies find application in micro-hybrid and hybrid vehicles. Promotion of greener vehicles fuel demand for automotive starters and alternators.

Continuous increase in investments in research and development by major market players, coupled with acquisitions and mergers, is expected to enable the global automotive starter and alternator market to flourish in the future. In addition, owing to environmental issues such as increased air pollution, increasing adoption of electric vehicles is expected to further increase demand for the automotive starter and alternator market

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value (USD)

  Segments covered

  Product, Vehicle Type, Sale Channel and Region

  Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

  Companies covered

Robert Bosch, Denso Corporation, Hitachi Automotive Systems, Ltd., Valeo SA, Mitsuba Corporation, Hella KGAA Hueck & Co., Lucas Electrical, Mitsubishi Electric Corporation, Controlled Power Technologies Ltd., and ASIMCO Technologies Ltd.

 

COVID-19 Impact analysis

The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain spread of the virus. Nationwide blockades forced auto manufacturing facilities to partially or completely shut down their operations, which directly affected the automotive starter and alternator market. Due to these blockades and restrictions, decline in global car sales in 2020 has severely affected sales of global car starter and alternators. Automotive starter and alternator need to be replaced after a certain period of their life cycle and travel restrictions affect the need to replace automotive switches, which has impacted the aftermarket of automotive starter and alternators.

Top Impacting Factors

  • Rising base of affluent middle-class population,  increasing global automotive market, and increasing involvement of electrical and electronics components in vehicles drive growth of the market
  • Increase in hybrid vehicle production is expected to hinder  growth of the global automotive starter and alternator market.
  • Innovation and technological development and increase in foreign direct investment (FDI) helps in growth of automotive starters and alternators, which can be seen as an opportunity for the market growth.

The automotive starter and alternator market trends are as follows:

Rise in global automobile market

Increase in global automobile production may benefit the global automobile starter and alternator market. In addition, increase in global car sales provides growth opportunities for the automotive starter and alternator market. Moreover, pace of urbanization and increase in the disposable income of population drives expansion of the automotive industry, which is expected to speed up growth of the market. For instance, Valeo S.A. introduced Hybrid4all system. It combines a low powered engine with a conventional combustion engine, reducing up to 15% in fuel consumption, cutting up the carbon dioxide cost per gram compared to a hybrid in the market. It is expected that India and other emerging economies would spend more on automobiles, which is expected to further open doors for growth of the global automotive starter and alternator market.

Key segments covered:

Segments

Subsegments

  Product

  • Starter Motor
  • Alternator

  Vehicle Type

  • Passenger Vehicle
  • Light Commercial Vehicle & Heavy Commercial Vehicle

  Sale Channel

  • OEM
  • Aftermarket

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the automotive starter & alternator market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive starter and alternator market.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the automotive starter and alternator market growth scenario.
  • The report provides a detailed automotive starter & alternator market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive starter & alternator market research report:

  • Which are the leading market players active in the automotive starter and alternator market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive starter & alternator market?
  • What are the projections for the future that would help in taking further strategic steps?  
 
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