The Automotive Starter Motor And Alternator Global Market Report 2023, provides comprehensive information on the automotive starter motor and alternator market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Starter Motor And Alternator Global Market Report 2023, the market size is expected to grow from $29.71 billion in 2022 to $31.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive starter motor and alternator market size is expected to reach $37.59 billion in 2027 at a CAGR of 4.7%.
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Technological advancements are a key trend gaining popularity in the automotive starter motors and alternator market. Major companies operating in automotive starter motors and alternators are introducing innovative technologies to sustain their position in the market. For instance, in March 2020, Autoelectro, a UK-based remanufacturer of starters, motors, and alternators introduced three new ranges of starter motors that incorporate stop-start technology. Modern stop-start starter motors work in tandem with the vehicle engine control system. Using stop-start technology, the car enters standby mode while stopped at a signal or in a line of traffic so it can restart quickly once the accelerator is depressed. In addition to enhancing fuel efficiency, the stop-start system also lowers emissions to help vehicle makers comply with stringent government regulations.
The automotive starter motor and alternator market 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), Aftermarkets
Asia-Pacific was the largest region in the automotive starter motor and alternator market in 2022.
Major Players:
The table of contents in TBRC’s automotive starter motor and alternator market report 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. Automotive Starter Motor And Alternator Market Size And Growth
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28. Key Mergers And Acquisitions In The Automotive Starter Motor And Alternator Market
29. Automotive Starter Motor And Alternator Market Future Outlook and Potential Analysis
30. Appendix
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