Alternator Market by Product - MarketsandMarkets

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MarketsandMarkets Presents
Alternator Market worth 8,871.5 Million USD by
2020
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tomotive-starter-motor-alternator-market-120529968
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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,gt5.0KW), 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 72
figures spread through 150 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,gt5.0KW), Type (Electric,
Gear Reduction), Vehicle Type (ICE, Micro-Hybrid,
Hybrid) Region - Forecast to 2020 http//www.
marketsandmarkets.com/Market-Reports/automotive-st
arter-motor-alternator-market-120529968.html
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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 nationJapan. 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.
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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
RD 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.
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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, Porters 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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