Global Automotive Alternator Market Overview:
Alternators are devices that are used in modern automobiles so as to charge the battery and to power up the electrical system whenever the engine is running. Up till the 1960s, automobiles used to have DC dynamo generators with commutators. With the accessibility of affordable silicon diode rectifiers, now alternators are used instead. This was further encouraged by the growing electrical power which is required for the cars in this time, with the increasing load from bigger headlamps, heated rear windows, electric wipers, and other accessories. An alternator is the major source of generation of electric power in a car and is the most important component in the vehicle's charging system. Some of the key players profiled in the study are Lutone Starters and Alternators (United States), A-1 Auto Electric Co Inc (United States), AUTO-LEK (P) Ltd. (India), DENSO Automotive UK Ltd (United Kingdom), HELLA KGaA Hueck & Co (Germany), Mitsubishi Electric Corporation (Japan), Hitachi Automotive Systems Americas, Inc (United States), Elta Automotive Ltd (United Kingdom), Motorcar Parts of America, INC (United States), Quality Power Automotive (United States) and Manchester Auto Electrical (United States).
On the basis of geography, the market of Automotive Alternator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Output Power, the sub-segment i.e. Single Phase will boost the Automotive Alternator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Amperage, the sub-segment i.e. Small Cars (>=100 Amps) will boost the Automotive Alternator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive Alternator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Growth of Automobile Sector in Emerging Economies is Driving the Market Demand
- Increase in the Adoption of More Electricity Based Vehicles Because Of Rising Environment Related Issues
- Growing Trend of Integrating of Automation in the Industrial Sectors
- Unavailability of the Raw Materials Used for Making These Alternators
- The Rise in Demand of High Output Alternators Is Likely To Bring More Opportunities to the Alternator Market
- Electric vehicles to challenge the growth of automotive alternators
- Concern Related To Their Complexity of Design
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Target Audience:Manufacturers of Automobile Generators, Suppliers of Automobile Generators, Wholesalers and Distributors of Automobile Generators, Automobile Industry, Electronic Industry, Regulatory Bodies and Governmental Bodies
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Alternator market on the basis of product [Salient Pole Type and Smooth Cylindrical Type] , application [Passenger Cars, Commercial Vehicles [LCVs and HCVs] and Hybrid Vehicles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Alternator market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Alternator industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Bosch Auto Parts (India), Prestolite Electric Inc (United States) and JUMPS INDIA (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Alternator market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.