Automotive Starter Motor and Alternator Market to Cross US$38.56 Bn Mark With a CAGR of 3.9%, Noted TMR

News provided by

Aug 05, 2019, 08:00 ET

ALBANY, New York, Aug. 5, 2019 /PRNewswire/ -- A latest research report published by Transparency Market Research talks about the overall market dynamics of the global automotive starter motor and alternator market. As per the research report, the global market is expected to reach an overall valuation worth US$38.56 Bn by the end of 2024. This is a considerable rise in terms of valuation that was initially reported to be around US$27.35 Bn in the year 2015. The overall growth of the global automotive starter motor and alternator market is expected to be achieved with the help of a steady CAGR of 3.9% over the course of the given forecast period of 2016 to 2024.

The vendor landscape of the global automotive starter motor and alternator is a highly fragmented one due to the presence of several key players. Many companies in the market are striving to gain a competitive advantage over their rivals. For this, the companies are resorting to aggressive marketing strategies such as mergers, acquisitions, takeovers, partnerships, and joint ventures. For instance, in July 2019, Denso Corporation, the world's second biggest mobility supplier, entered into a joint venture with Smiths Manufacturing Limited. Smiths Manufacturing is fully owned by Metair Investments Limited. Both the companies have set up a venture called Denso Sales South Africa Pvt. Ltd. This joint venture is specifically dedicated to selling aftermarket services and products in the Southern Africa.

Planning to Lay Down Future Strategy? Perfect Your Plan with Our Report Brochure here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=17165

Some of the key companies in the global automotive starter motor and alternator market include names such as The Bosch Group, Lucas Electricals Limited, Mitsubishi Electric Corporation, Mitsuba Corporation, Valeo Group, Hitachi Automotive Systems Ltd., Cummins Inc., and ASIMCO Technologies Ltd. among others.

Presence of Emerging Economies is Key for Regional Market Development

From a geographical point of view, the global automotive starter motor and alternator market is segmented into key regions such as Latin America, North America, Europe, the Middle East and Africa, and the Asia Pacific. Of these regions, the global market is expected to be dominated by the Asia Pacific region. This growth of the region is primarily attributed to the presence of emerging economies such as India and China. These countries are experiencing rapid industrialization and urbanization and that is propelling the automotive starter motor and alternator market of Asia Pacific on top.

The other key regional markets are the Middle East and Africa and the Latin America. The potential of growth is high for these regions due to the fact that there is a considerable rise in the demand for passenger vehicles in these markets. In addition to this, growing disposable income of people coupled with preference towards higher standard of living have also contributed to the growth of the automotive starter motor and alternator market in the regions of the Middle East and Africa and Latin America.

Want to Know the Obstructions to your company's Growth in Future? Request a PDF Sample here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17165

Rise in Production of Passenger Cars is Key for Market Growth

There are several factors that are responsible for positive growth of the global automotive starter motor and alternator market. The biggest driving factor for the development of the market is the substantial rise in the production of vehicles, particularly the passenger vehicles across the globe. The growth of the global market is also propelled by the rapid industrial development, urbanization, and emergence of fast growing economies such as India and China. The people across the globe are ready to pay more for their comfort and possess higher standard of living. This has helped in the sale of passenger cars and that has ultimately helped in developing the market.

The information shared in this review is based on a TMR report, titled, "Automotive Starter Motor and Alternator Market (Starter Motor - Electric, Pneumatic, and Hydraulic; Alternator Type - Claw Pole Alternator and Cylindrical Alternator) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024."

Looking for Exclusive Market Insights from Business Experts? Request a Custom Report here: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=17165

For the study the Automotive Starter Motor and Alternator Market has been segmented as follows:

Motor Type

Electric
Pneumatic
Hydraulic
Others

Alternator Type

Claw Pole Alternator
Cylindrical Alternator

Region

North America

U.S.
Canada
Mexico

Europe

U.K
Germany
France
Rest of Europe

Asia Pacific

India
China
Japan
South Korea
Rest of Asia Pacific

Rest of the World (RoW)

Latin America
Middle East and Africa

Browse More Automotive & Transport Market Research Reports

Popular Research Reports by TMR:

EVM Controller Market - https://www.transparencymarketresearch.com/electric-vehicle-motor-controller-market.html
Automotive Traction Motor Market - https://www.transparencymarketresearch.com/automotive-traction-motor-market.html
Automotive Motor Market - https://www.transparencymarketresearch.com/automotive-motors-market.html
Automotive Brushed Motor Market - https://www.transparencymarketresearch.com/automotive-brushed-motor-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower
90 State Street
Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
Research Blog: https://tmrblog.com/