Global Automotive Starter Motor And Alternator Market Analysis 2024 – Estimated Market Size And Key Drivers

The Automotive Starter Motor And Alternator by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Automotive Starter Motor And Alternator, 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.

The rise in global automotive production is expected to propel the growth of the automotive starter motor and alternator market going forward. Automotive refers to all forms of mobile machinery, including automobiles, trucks, buses, vans, motorbikes, and golf carts. An automotive starter motor and alternator are used in an automobile to charge the battery and supply power to the vehicle’s electrical system, by transforming the electricity into mechanical energy, on which engines and machines run. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Europe-based organization, the global automotive production was 79.1 million in 2021, a 1.3% increase over 2020. Therefore, rise in the global automotive production is driving the automotive starter motor and alternator market.

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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

Top Major Players:

• Robert Bosch GmbH
• Hitachi Automotive Systems Ltd.
• Denso Corporation
• Valeo SA
• Mitsuba Corporation

Asia-Pacific was the largest region in the automotive starter motor and alternator market in 2023.

Product innovations 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 2022, Nexteer Automotive, a US-based motion control technology company, launched a 48-volt Integrated Belt-Driven Starter Generator (iBSG). The iBSG is a motor generator that is connected to the engine crankshaft via a belt that can function as both a starter motor and a generator, providing up to 12 kW of electric power to assist the engine. This can help to improve fuel economy by up to 16% and reduce emissions by up to 15%. The iBSG is also a key enabler for several other vehicle features, such as stop-start technology, electric power steering, and regenerative braking. The 48-volt iBSG increases the ICE and fuel economy by recovering the vehicle’s kinetic energy during deceleration and returning it during acceleration.

The automotive starter motor and alternator market report table of contents includes:
1. Executive Summary
2. The Automotive Starter Motor And Alternator Market Characteristics
3. The Automotive Starter Motor And Alternator Market Trends And Strategies
4. The Automotive Starter Motor And Alternator Market – Macro Economic Scenario
5. The Automotive Starter Motor And Alternator Market Size and Growth
…….
26. Global Automotive Starter Motor And Alternator Market Competitive Benchmarking
27. Global Automotive Starter Motor And Alternator Market Competitive Dashboard
28. Key Mergers and Acquisitions In Automotive Starter Motor And Alternator Market
29. Automotive Starter Motor And Alternator Market Future Outlook and Potential Analysis
30. Appendix

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