Automotive alternator Market is expected to show a growth at CAGR of about 5.5% from 2016 to 2021.
Automotive alternator is a generator which generates power to the electrical component of the vehicle. The increasing usage of electrical power in the cars and the rise in electrical and electronics device in the vehicles is expected to surge the market for automotive alternator. Moreover, increasing global demand for vehicles has a significant contribution in the growth of automotive alternator market. Asia-Pacific is estimated to have the largest market for automotive industry due to government initiated FDI for international automotive players, favorable economic conditions, and presence of major automotive manufacturing industries which in turn is expected to drive the demand in the automotive alternator industry.
The key players of Global Automotive alternator Market report include- Valeo, Denso, Bosch, Remy, ISKRA, Mando, Mitsubishi, Hitachi Automotive, Magneti Marelli, Motorcar Parts of America, Hella KGaA Hueck & Co., and Lucas Electrical
Asia-Pacific is the major regions for the automotive alternator market. Asia-Pacific is expected to be fastest growing market for the automotive alternator. Emerging economies like China, India, and South Korea are expected to drive the market due to government initiative in FDIs for international automotive players, increasing individual’s disposable income & purchasing power is expected to drive the market for automotive alternator. It is followed by European region due to presence of biggest automotive players in the region.
Automotive alternator Market, by Region (USD Million)
The report covers brief analysis of country level market information –
The report for Global Automotive alternator Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030 : Significant Value|
|CAGR||5.5% CAGR (2022 to 2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Technology and Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Valeo, Denso, Bosch, Remy, ISKRA, Mando, Mitsubishi, Hitachi Automotive, Magneti Marelli, Motorcar Parts of America, Hella KGaA Hueck & Co., and Lucas Electrical|
|Key Market Opportunities||
|Key Market Drivers||Increasing global demand for vehicles has a significant contribution|
Frequently Asked Questions (FAQ) :
The automotive alternator market is projected to mark 5.5% CAGR.
The key players of the automotive alternator market are Valeo, Bosch, Denso, Remy, Mando, ISKRA, Hella KGaA Hueck & Co., Mitsubishi, Magneti Marelli, Hitachi Automotive, Motorcar Parts of America, and Lucas Electrical.
The type based segments of the automotive alternator market are three phase and single phase.
The segments of the automotive alternator market, by vehicle type, are commercial and passenger.
The region based segments of the automotive alternator market are North America, Europe, Asia-Pacific, and Rest of World.