A recent report published by
Infinium Global Research on the automotive starter motor and alternator market
provides in-depth analysis of segments and sub-segments in global as well as the regional automotive starter motor and alternator market. The study also
highlights the impact of drivers, restraints and macro indicators on the global
and regional automotive starter motor and alternator market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global automotive starter motor and alternator
market. According to the report the global automotive starter motor and alternator
market is projected to grow at a CAGR of 4.2% over the forecast period of
2018-2024.
An automotive starter motor is
used to rotate and internal combustion engine to optimize the engine operation
under its own power. Alternators are also used in automotive to charge the
battery and power the electrical system when it is running. Many modern
alternators are equipped with built-in “regulator” circuits that automatically
switch battery power on and off to the rotor coil to regulate the output voltage.
Increasing in
the production of vehicles and sales drives the growth of the automotive
starter and motor and alternator market. In addition, rising sale of the hybrid
vehicles and increase in adoption of electric vehicles due to environmental
concerns are anticipated to boost the growth of the automotive starter motor
and alternator market. However, the hybrid vehicles use an internal combustion
engine hence they have eliminated the use of starters and alternators which is
likely to restrain the growth of the automotive starter motor and alternator
market. Furthermore, increasing preference for lightweight and fuel-efficient
vehicles are further providing several growth opportunities for the key players
in the automotive starter motor and alternator market over the upcoming years.
Among the geographies, Asia Pacific dominated the automotive starter motor and alternator market. The growth in the Asia Pacific region is due to the emerging economies and rapid industrial development. Moreover, the increasing demand for starters and alternators in North American region is due to increasing production of vehicles, coupled with continuous investment in this market is expected to fuel the demand for automotive starters and alternators in near future.
The report on the global automotive
starter motor and alternator market covers segments such as starter motor type
and alternator type. On the basis of starter motor type the global automotive
starter motor and alternator market is categorized into electric, pneumatic,
hydraulic and others. On the basis of alternator type, the global automotive
starter motor and alternator market is categorized into claw pole alternator
and cylindrical alternator.
The countries covered in the North
America region include the U.S., Canada, and Mexico; while Asia-Pacific includes
China, Japan, India, South Korea, Malaysia, and among others. Moreover,
Germany, the U.K., France, Spain, and Rest of Europe are included in the European
region. The U.S. drives the growth in the North America region as it is the
largest market in the region. The Asia-pacific region offers a substantial
potential for the market growth owing to rapid growth in markets such as India
and China. The APAC region is projected to experience growth at a CAGR of
x.x% over the period of 2016-2024.
The report provides profiles of
the companies in the global automotive starter motor and alternator market such
as, Hitachi Automotive Systems, Ltd., Cummins, Inc., ASIMCO Technologies Ltd,
Controlled Power Technologies Ltd, Hella KGaA Hueck & Co., The Bosch
Group, Mitsuba Corporation, Denso Corporation, Valeo Group, Lucas Electricals,
Ltd and Mitsubishi Electric Corporation.
The report provides deep insights
on demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the global automotive starter motor and alternator market. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of automotive starter motor and alternator market. Moreover,
the study highlights current market trends and provides forecast from
2018-2024. We also have highlighted future trends in the automotive starter
motor and alternator market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the automotive starter motor and
alternator market to understand the present and future trends in this market
and formulate their strategies accordingly.