The research study analyzes the automotive starter motor alternator market on global basis and provides estimates in terms of revenue (USD million) from 2015 to 2024. It describes the market dynamics affecting the industry and analyzes their impact through the forecast period. Moreover, it highlights the significant opportunities for market growth in the next eight years.
A starter motor in an automobile is one of the most vital component. It is an electric motor, which ignites the engine to start. It comprise of direct current electric motor and a starter solenoid. The starter motor is powered by the battery of the car and to turn over the engine, it requires very high electric current, which comes from the battery. On the other hand, automotive alternators are components in automobiles, which charges the battery and powers the electrical systems when the engine is running.
Global Automotive Starter Motor Alternator Market: Drivers and Trends
The global automotive starter motor alternator market is fragmented with few medium and large companies. Entry into this market is not restricted as there is no monopoly of business and the market has huge scope and opportunity. However, setting up of manufacturing units for automotive starter motors and alternators require huge capital and resource, which is not feasible for most of the small and medium sized companies. Increasing private equity investments and merger and acquisitions of companies in the automotive sector has been of great influence to the automotive starter motor alternator market.
In addition, application of automotive starter motors and alternators in new segment of vehicles such as hybrid and electric vehicles is also set to drive the market for automotive starter motor and alternator across the world. Significant growth in the automotive sector coupled with economic reforms in major developing countries has been able to bolster the growth of this market.
Get accurate market forecast and analysis on the Automotive Starter Motor Alternator Market. Request a sample to stay abreast on the key trends impacting this market :
Asia Pacific, Middle East and Africa, and Latin America are key markets for the future and are expected to provide huge opportunities to the global automotive starter motor and alternator manufacturers because of the growth in the automotive sector and increasing demand for passenger vehicles in the regions. Moreover, in the past five years, there has been an increasing production of vehicles globally because of the rising demand and usage of passenger vehicles. This in turn is driving the demand and growth of starter motors and alternators used in the production of automobiles.
The market is segmented on the basis of geography into Europe, North America, Asia Pacific, Middle East and Africa (MEA), and Latin America. These segments have been estimated in terms of revenue (USD million). In addition, the report has been segmented based on starter motor types, which includes, electric, pneumatic, hydraulic and others. Moreover, the report is also segmented by alternator type that includes claw pole alternator and cylindrical alternator.
For better understanding of the automotive starter motor alternator market, the study comprises market attractiveness analysis, where the starter motor types are benchmarked based on their market scope, growth rate and market attractiveness.
Key Players Mentioned in this Report are:
The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive starter motor alternator market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report.