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Alternator Market worth 8,871.5 Million USD by 2020
The report “Alternator Market by Product (Starter Motor & Alternator), Technology (BAS, Enhanced Starter, Direct Start, ISG), Power Output (1.0-3.0KW,3.0-5.0KW,>5.0KW), Type (Electric, Gear Reduction), Vehicle Type (ICE, Micro-Hybrid, Hybrid) & Region - Forecast to 2020”, defines and segments the automotive starter motor and alternator market with an analysis and forecast of the global market size, by volume and value.
Browse 71 tables and 66 figures spread through 146 Pages and in-depth TOC on "Alternator Market by Product (Starter Motor & Alternator), Technology (BAS, Enhanced Starter, Direct Start, ISG), Power Output (1.0-3.0KW,3.0-5.0KW,>5.0KW), Type (Electric, Gear Reduction), Vehicle Type (ICE, Micro-Hybrid, Hybrid) & Region - Forecast to 2020"
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The Alternator market is projected to grow at a CAGR of 5.38% from 2015 to 2020 to reach a value USD 8,871.5 million by 2020. On the other hand, the market for starter motor is estimated to reach USD 9,087.3 million by 2020, growing at a CAGR of 5.22%.
Asia-Oceania: Highest growing market for starter motor & alternator
The Asia-Oceania region comprises countries such as China, India, Japan and South Korea. The region houses some of the fastest growing economies such as India, China, and is also the home to one of the technologically advanced nation–Japan. Backed by its technical hold on automotive industry, Japan has comparatively high penetration of ISG and other advance technologies. In other developing nations of the region, factors such as recent infrastructure developments and industrialization activities in these economies have made Asia-Oceania an opportunistic market for commercial vehicle manufacturers. Alternatively, due to lower production costs, government initiatives towards FDI, and lenient regulations the passenger car prices in these regions, there is increased competition between passenger car OEMs in the region. This has eventually created a price competition resulting in the availability of affordable passenger cars. The increase in per capita income and availability of multiple financial solutions, the passenger car demand in this region India has boosted in the past few years. As a result of these factors, the demand for starter motor and alternator in the region is on its rise. The growing awareness among consumers regarding the advantages of different technologies is estimated to propel the growth of advance starter motors.
Europe: Stable market for starter motor & alternator
Based on the European automobile manufacturers association, the automobile industry in Europe has made an investment of around USD 46.3 billion for research and development activities in 2014. As a result, about 6,000 patents were registered by the automotive sector. Following the increasing requirement of power in the vehicle, due to rising use of electrical and electronics components and to give the automobile a smooth start, manufacturers are involved in continuous R&D across the region, advance technologies such as ISG and direct start have been adopted by the automakers.
North America: One of the major markets for starter motor & alternators
The North American region comprises U.S., Canada, and Mexico. Canada is the fastest growing market in the region; however, the U.S. holds a major share in the alternator as well as starter motor market. Major OEMs consider Mexico as an important location for setting up their manufacturing facilities, given the economic labor and low production costs. In 2013 Denso, announced an expansion plan for its third plant in Mexico. The main function of the plant is to manufacture alternator, the demand for which is increasing from the U.S. and Japanese automakers. Alternators would be primarily delivered to Ford, Chrysler, and Toyota. This has been driving the demand for starter motor and alternator in Mexico creating opportunities for the manufacturers to grow.
The report covers the global automotive starter motor and alternator market in terms of volume (‘000 units) and value (USD Million). It explains the qualitative and quantitative aspects of automotive starter motor and alternator market on the basis of region, technology, starter motor type, and vehicle type from 2015 to 2020.
It also provides an overview of technical factors and other important aspects of the automotive starter motor and alternator market. It includes a value chain analysis, Porter’s five forces analysis, the competitive landscape, and company profiles. In addition to this, 10 key players of the automotive starter motor and alternator industry have been profiled.
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