Recent report published by research nester titled “Automotive Starter and Alternator Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2027) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global automotive starter and alternator market in terms of market segmentation by product, by vehicle type, by sales channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global automotive starter and alternator market is segmented into vehicle type such as passenger vehicles, light commercial vehicle and heavy commercial vehicle. Among these segments, passenger car starter and alternator segment is expected to occupy top position in overall automotive starter and alternator market during the forecast period. This can be attributed to the rising sale of passenger cars across the globe.
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Moreover, increasing production of passenger cars is anticipated to intensify the growth of the automotive starter and alternator market. Passenger vehicle segment is further sub-segmented into sports car, luxury vehicles and economy cars, out of which, economy car segment is anticipated to account for highest percentage of market share in passenger vehicle starter and alternator market.
Global Automotive Starter And Alternator Market is expected to flourish at a significant CAGR of 4.6% during the forecast period. Rising automotive production, increasing urbanization, rising disposable income are some of the key factors driving the growth of the automotive starter and alternator market. Moreover, the global automotive starter and alternator market is expected to garner USD 37.6 Billion by the end of 2027.
Asia Pacific captured the largest market share in overall automotive starter and alternator market and is expected to continue its dominance over the forecast period. Rising production of vehicle in the region is anticipated to aid the growth of the market.
Further, increasing disposable income coupled with rising demand for premium vehicles is expected to accelerate the growth of automotive market in the upcoming years. North America and Europe automotive starter and alternator market is anticipated to witness lucrative growth during the forecast period. Moreover, Latin America is anticipated to grow at modest CAGR during the forecast period. Further, growing automotive industry and expansion of manufacturing base in the region is anticipated to drive the growth of the automotive starter and alternator in Latin America.
Robust Growth of Automotive Industry
Growing global population coupled with increasing per capita income is anticipated to bolster the growth to the automotive industry in the upcoming years. As a result, the demand for automotive parts such as automotive starter and alternator is anticipated to witness significant growth in the upcoming years.
Growth of Automotive Component Aftermarket
The manufacturers of automotive parts are aggressively working on the expansion their aftermarket business. Further, increasing sale of automotive vehicles is believed to complement the growth of automotive starter and alternator aftermarket. Although, rising demand for electric vehicle is likely to dampen the growth of automotive starter and alternator market during the forecast.
Market Segment as follows: By Region / Countries
North America (U.S. & Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
This report also provides the existing competitive scenario of some of the key players of the global automotive starter and alternator market which includes company profiling of Robert Bosch GmbH, 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.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive starter and alternator market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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