Automotive Alternator and Starter Motor Market (By Product: Alternator, Starter Motor; By Vehicle Type: Passenger vehicle, Commercial Vehicle, Off-road Vehicle; By Sales Channel: OEM, Aftermarket) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global automotive alternator and starter motor market size was exhibited at USD 31.85 billion in 2022 and is projected to hit around USD 49.79 billion by 2032, growing at a CAGR of 4.57% during the forecast period 2023 to 2032.

Key Pointers:

• Asia Pacific region dominates the global market.
• By product, the alternator segment contributed for the majority of the market share in 2022.
• By vehicle type, the passenger vehicle segment generated for the largest market share in 2022.
• By sales channel, the OEM segment accounted for the maximum market share in 2022.

Automotive Alternator and Starter Motor Market Report Scope

An automotive starter is an automotive part used to turn on internal combustion engine and it is accountable 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 battery and power electrical system. Alternator provides power to operate vehicle's ignition, electronics, and lights, and to charge battery. It is one of the most important components in the car charging system that powers engine. Car charging system consists of three main mechanisms, a voltage regulator, an alternator, and a battery. Alternator works with battery to produce power for electrical parts of a vehicle, such as instrument panel and exterior & interior lights. Alternators generate AC power with the help of an electromagnetism mechanism, which is produced through rotor and stator relationship.  Reduction in size of engines has encouraged manufacturers to develop starter motors and alternators that are in line with future trends. Different technologies such as improved starters, integrated starter generators, and direct start have been introduced. These technologies find application in micro-hybrid and hybrid vehicles. Promotion of greener vehicles fuel demand for automotive starters and alternators.

Continuous increase in investments in research and development by major market players, coupled with acquisitions and mergers, is expected to enable the global automotive starter and alternator market to flourish in the future. In addition, owing to environmental issues such as increased air pollution, increasing adoption of electric vehicles is expected to further increase demand for the automotive starter and alternator market

The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain spread of the virus. Nationwide blockades forced auto manufacturing facilities to partially or completely shut down their operations, which directly affected the automotive starter and alternator market. Due to these blockades and restrictions, decline in global car sales in 2020 has severely affected sales of global car starter and alternators. Automotive starter and alternator need to be replaced after a certain period of their life cycle and travel restrictions affect the need to replace automotive switches, which has impacted the aftermarket of automotive starter and alternators.

Some of the prominent players in the Automotive Alternator and Starter Motor Market include:

• Robert Bosch GmbH
• Cummins Inc
• BBB Industries
• Hitachi Astemo, Ltd.
• Mitsuba Corp.
• HELLA GmbH & Co. KGaA
• DENSO CORPORATION
• Valeo
• Prestolite Electric Incorporated.
• Broad-Ocean Technologies

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Automotive Alternator and Starter Motor market.

By Product

• Alternator 
• Starter Motor

By Vehicle Type

• Passenger vehicle
• Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
• Off-road Vehicle
  • Agricultural Tractors & Equipment
  • Construction & Mining Equipment

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)