Overview and Scope
An automotive starter motor is an electrical device that is used to turn on internal combustion engines using a considerable amount of current. An alternator generates an alternative current that is used to charge a battery that charges the electric systems of the vehicles.
Sizing and Forecast
The automotive starter motor and alternator market size has grown strongly in recent years. It will grow from $30.65 billion in 2023 to $32.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to traditional internal combustion engine dominance, automotive industry growth, rising vehicle ownership, increasing complexity of vehicle electronics, maintenance and replacement needs..
The automotive starter motor and alternator market size is expected to see strong growth in the next few years. It will grow to $39.76 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to hybrid and electric vehicle adoption, advanced start-stop systems, integration of advanced technologies, increasing vehicle electrification, growing focus on fuel efficiency.. Major trends in the forecast period include growing aftermarket demand, technological advancements, global regulatory standards, supply chain disruptions, increased focus on sustainability..
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Segmentation & Regional Insights
The automotive starter motor and alternator market covered in this report is segmented –
1) By Product Type: Electric Starter Motors, Gear Reduction Starter Motors
2) By Power Output: 1.0 KW-3.0 KW, 3.0 KW-5.0 KW, 5.0 KW And Above
3) By Technology: Belt Driven Starter Motor And Alternator, Enhanced Starter, Integrated Starter Generator (ISG), Direct Start
4) By Vehicle Type: Internal Combustion Engine (ICE), Hybrids, Other Vehicle Types
5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the automotive starter motor and alternator market in 2023. The regions covered in the automotive starter motor and alternator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Major companies operating in the automotive starter motor and alternator market report are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, Valeo SA, Mitsuba Corporation, HELLA GmbH & Co. KGaA, Lucas Electrical Limited, Controlled Power Technologies Ltd., Mitsubishi Electric Corporation, ASMICO Technologies Limited, Cummins Inc., BBB Industries LLC, Remy International Inc., RFL Alternators, Motor Corporation of America, Hella KGaA Hueck & Co., ASMO Co. Ltd., BorgWarner Inc., Mahle GmbH, Broad-Ocean Motor Co. Ltd., Cummins Generator Technologies, Magneti Marelli S.p.A., Mando Corporation, Prestolite Electric Inc., Remy Power Products, Unipoint Electric Mfg. Co. Ltd., WAI Global, Zhejiang Dehong Automotive Electronic & Electrical Co. Ltd., ACDelco, AS-PL Sp. z o.o. .
Key Industry Players
The automotive starter motor and alternator market report table of contents includes:
1. Executive Summary
2. Automotive Starter Motor And Alternator Market Characteristics
3. Automotive Starter Motor And Alternator Market Trends And Strategies
4. Automotive Starter Motor And Alternator Market – Macro Economic Scenario
5. Global Automotive Starter Motor And Alternator Market Size and Growth
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31. Global Automotive Starter Motor And Alternator Market Competitive Benchmarking
32. Global Automotive Starter Motor And Alternator Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Starter Motor And Alternator Market
34. Automotive Starter Motor And Alternator Market Future Outlook and Potential Analysis
35. Appendix
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