Technavio has been monitoring the automotive alternator market and is forecast to grow by USD 3141.7 mn during 2023-2028, accelerating at a CAGR of 5.59% during the forecast period. Our report on the automotive alternator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of electronic components in vehicles, adoption of new or improved emission standards, and production shift to low-cost countries.
Technavio's automotive alternator market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
5.39%
CAGR
5.59%
Incremental Value
$3141.7mn
By Type
IC engine vehicles
Hybrid and electric vehicles
By Application
Passenger cars
LCVs
M and HCVs
By Geography
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the advances in integrated starter-generators as one of the prime reasons driving the automotive alternator market growth during the next few years. Also, emergence of smart alternators and increasing popularity of additive manufacturing in automotive industry will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive alternator market covers the following areas:
Automotive alternator market sizing
Automotive alternator market forecast
Automotive alternator market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive alternator market vendors that include ALANKO GmbH, AS PL Sp. z o.o., BBB Industries LLC, BluePrint Engines, BorgWarner Inc., Cummins Inc., DENSO Corp., Hitachi Ltd., Jumps Auto Industries Ltd., MAHLE GmbH, MAPCO Autotechnik GmbH, Minda Corp. Ltd., Mitsubishi Electric Corp., Motorcar Parts of America Inc., Ningbo Zhongwang Auto Fittings Co. Ltd., Prestolite Electric Inc., Robert Bosch GmbH, Stellantis NV, TVS Motor Co. Ltd., and Valeo SA. Also, the automotive alternator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Automotive Alternator Market 2018 - 2022
Historic Market Size - Data Table on Global Automotive Alternator Market 2018 - 2022 ($ million)