Global automotive starter and alternator market is expected to grow at a CAGR of 4.7% during the forecast period 2021 to 2028. The automotive starter and alternator market was valued at USD 26 Billion in 2020 and is predicted to reach USD 37.9 Billion by the end of 2028.
Automotive starter is an automotive part, used to turn on internal combustion engine and it’s responsible for engine operation under its own power. Automotive starter can be electric, hydraulic and pneumatic. Alternators refer to an automotive part which is used to charge the battery and power the electrical system.
Increasing the production and sale of vehicles will drive the growth of the alternator and starter motor market. The increase in demand and sale of hybrid vehicles and the rising adoption of electric vehicles amid environmental concerns air pollution have raised the growth of alternator and starter motor market.
The automotive charging system is consists of mainly three components battery, alternator, and voltage regulator. The alternator works with the battery and produces power for the electrical components like the instrument panel, interior, and exterior lights. An automotive starter motor is used to rotate an engine of the vehicle to initiate the engine's operation under its power. Many recent alternators are installed with built-in regulator circuits that automatically switch power on and off to the rotor coil to regulate the output voltage.
Geographically, Asia Pacific is anticipated to dominate the overall market of automotive starter and alternator during the forecast period. Moreover, Asia Pacific is poised to record fastest growth rate during the forecast period. Rising base of affluent middle class population coupled with increasing sale of automotive vehicles is predicted to trigger the growth of the automotive starter and alternator market in years ahead. According to OICA, in Asia-Pacific, 53,540,607 motor vehicle were produced in 2017. Moreover, Asia Pacific represented a Y-O-Y growth of 3.3% & accounted for 54.5% market share, in the terms of motor vehicle production, as compared to the rest of world. Countries such as China, Japan and India are anticipated to exhibit faster growth rate as compared to other countries in the region. Moreover, major automotive manufacturers are expanding their production facilities in Asian countries. This factor is opening a gateway of opportunities for the domestic and foreign vendors.
Europe automotive starter and alternator market is expected to witness substantial growth over the forecast period. Increasing production of automotive vehicles in the region bodes well for Automotive Starter and Alternator market. In 2017, 22.1 million motor vehicle were produced in Europe as compared to 21.4 million cars in 2016.
Moreover, an increase in demand in starter motor and alternator in the North American region is owing to the increase in the production of vehicles, combined with continued investment in this market. The growing vehicle production globally is expected to increase the demand for alternator and starter motor.
The rising demand for passenger vehicles with a growing standard of living and refining disposable incomes has triggered a critical requirement for these vehicle components in the regions mentioned above.
Segments Insights
The automotive alternator and starter motor market have been segmented by technology type, by product type, by vehicle type, by region.
The automotive alternator and starter market have been segmented into a direct-start, belt alternator starter, enhanced starter, and integrated starter generator. The BAS segment is expected to dominate the market over the forecast period.
The starter type helps reduce the load on the engine by replacing a conventional engine's serpentine belt with an electric motor. The electric motor serves as both an electricity generator and a starting motor. The integrated starter generator is directly connected to the crankshaft by replacing the alternator and starter motor. Integrated starter generator supplies power to the engine in certain operating conditions, thus reducing the consumption of fuel. Based on starter motor type, the market has been segmented into electric, hydraulic, pneumatic, and others. The different types of electric starter motors are used in the gear reduction ratio, inertia starter, movable pole shoe, and folio-thru drive. Development in technology can lead to the electric starter to dominate the market over the forecast period. The pneumatic starter motor is mainly suitable for diesel engines, and it can be operated by gas or air. The hydraulic starter motor has high torque capacity and is more effective in cold regions as it cranks the engine fast with spark-proof starter operation.
By vehicle type, the market is segmented as passenger cars, light commercial and heavy commercial vehicles. The presence of alternator and starter motor in all this segment will lead to dominate the market.
Key Players
Robert Bosch GmbH
Denso Corporation
Hitachi Automotive Systems, Ltd.
Valeo SA
Mitsuba Corporation
Hella KGAA Hueck & Co.
Lucas Electrical
Mitsubishi Electric Corporation
Controlled Power Technologies Ltd.
ASIMCO Technologies Ltd.
Other Key Players
Growth Drivers and Challenges
Growing production of automotive in the world is likely to benefit global automotive starter and alternator market. Moreover, increasing sale of vehicles across the globe fuels the growth opportunities for automotive starter and alternator aftermarket. Further, increasing urbanization and rising disposable income of the population is driving the growth of the automotive industry which in turn, is anticipated to accelerate the growth of the global automotive starter and alternators market.
Increasing spending on automotive in emerging economies such as India and others is anticipated to further open a gateway of opportunities for the growth of the global automotive starter and alternator market in the years ahead. Furthermore, increasing willingness of the consumers to spend more on automobiles is encouraging the manufacturers to spend more on research and development and develop advanced automotive parts. This factor bodes well for the growth of automotive starter and alternator market.
However, increasing demand for electric vehicles is negatively impacting the growth of automotive starter and alternator market.
Market Segmentation
By Product Type
Starter Motor
Electric
Pneumatic
Hydraulic
Others
Alternator
Claw Pole Alternator
Cylindrical Alternator
By Technology Type
Belt Alternator Starter (BAS)
Enhanced Starter
Direct-Start
Integrated Starter Generator (ISG)
By Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel Type
OEM
Aftermarket
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Automotive Starter and Alternator Market, By Product
7.1. Automotive Starter and Alternator Market, by Product Type, 2021-2028
7.1.1. Starter Motor
7.1.1.1. Market Revenue and Forecast (2017-2028)
7.1.2. Alternator
7.1.2.1. Market Revenue and Forecast (2017-2028)
Chapter 8. Global Automotive Starter and Alternator Market, By Vehicle
8.1. Automotive Starter and Alternator Market, by Vehicle, 2021-2028
8.1.1. Passenger Cars
8.1.1.1. Market Revenue and Forecast (2017-2028)
8.1.2. Light Commercial Vehicle
8.1.2.1. Market Revenue and Forecast (2017-2028)
8.1.3. Heavy Commercial Vehicle
8.1.3.1. Market Revenue and Forecast (2017-2028)
Chapter 9. Global Automotive Starter and Alternator Market, By Sales Channel Type
9.1. Automotive Starter and Alternator Market, by Sales Channel Type, 2021-2028
9.1.1. OEM
9.1.1.1. Market Revenue and Forecast (2017-2028)
9.1.2. Aftermarket
9.1.2.1. Market Revenue and Forecast (2017-2028)
Chapter 10. Global Automotive Starter and Alternator Market, By Technology Type
10.1. Automotive Starter and Alternator Market, by Technology Type, 2021-2028
10.1.1. Belt Alternator Starter (BAS)
10.1.1.1. Market Revenue and Forecast (2017-2028)
10.1.2. Enhanced Starter
10.1.2.1. Market Revenue and Forecast (2017-2028)
10.1.3. Direct-Start
10.1.3.1. Market Revenue and Forecast (2017-2028)
10.1.4. Integrated Starter Generator (ISG)
10.1.4.1. Market Revenue and Forecast (2017-2028)
Chapter 11. Global Automotive Starter and Alternator Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2028)
11.1.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.1.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.1.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.1.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.1.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.1.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2017-2028)
11.1.6.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.1.6.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.1.6.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2028)
11.2.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.2.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.2.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.2.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.2.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.2.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2017-2028)
11.2.6.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.2.6.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.2.6.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2017-2028)
11.2.7.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.2.7.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.2.7.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2017-2028)
11.2.8.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.2.8.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.2.8.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2028)
11.3.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.3.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.3.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.3.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.3.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.3.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2017-2028)
11.3.6.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.3.6.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.3.6.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2017-2028)
11.3.7.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.3.7.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.3.7.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2017-2028)
11.3.8.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.3.8.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.3.8.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2028)
11.4.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.4.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.4.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.4.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.4.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.4.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2028)
11.4.6.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.4.6.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.4.6.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2017-2028)
11.4.7.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.4.7.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.4.7.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2017-2028)
11.4.8.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.4.8.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.4.8.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2017-2028)
11.5.5.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.5.5.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.5.5.4. Market Revenue and Forecast, by Technology Type (2017-2028)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2017-2028)
11.5.6.2. Market Revenue and Forecast, by Vehicle (2017-2028)
11.5.6.3. Market Revenue and Forecast, by Sales Channel Type (2017-2028)
11.5.6.4. Market Revenue and Forecast, by Technology Type (2017-2028)
Chapter 12. Company Profiles
12.1. Robert Bosch GmbH
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Denso Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hitachi Automotive Systems, Ltd.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Valeo SA
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Mitsuba Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Hella KGAA Hueck & Co.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Lucas Electrical
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Mitsubishi Electric Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Controlled Power Technologies Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. ASIMCO Technologies Ltd.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers