Authored By: Sarah
22 Apr 2021

Automotive Alternator Market Size to Grow by $ 2.14 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the automotive alternator market and it is expected to grow by $ 2.14 bn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


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Automotive Alternator Market: Emerging Trends to Impact Market Growth

Production shift to low cost countries to emerge as a key trend in the industrial automotive alternator market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Automotive Alternator Market Size to Grow by over $ 2.14 bn through 2021-2025 | Forecast and Trend Analysis

Automotive Alternator Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BBB Industries LLC, BorgWarner Inc., DENSO Corp., HELLA GmbH and Co. KGaA, Hitachi Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

The automotive alternator market has the potential to grow by USD 2.14 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.56%.

This automotive alternator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (passenger cars, LCVs, and M and HCVs) and geography (APAC, Europe, North America, South America, and MEA). The automotive alternator market report also offers information on several market vendors, including BBB Industries LLC, BorgWarner Inc., DENSO Corp., HELLA GmbH and Co. KGaA, Hitachi Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Valeo SA among others. View Free Sample Report

Automotive Alternator Market: Emerging Trends to Impact Market Growth

The shifting of automobile production to low-cost countries will drive the global automotive alternator market during the forecast period. Many automotive manufacturers and OEMs have started shifting their manufacturing hubs to countries that offer cheap labor and raw materials and other facilities at lower costs than developed regions.  The slump in automotive demand is expected to further increase their focus on shifting toward low-cost manufacturing countries. The production shift to low-cost countries will allow automobile manufacturers to reduce the selling price, thereby increasing the demand. The increased demand will support the growth of automotive components and accessories such as crankshafts, camshafts, and alternators. 

Automotive Alternator Market Size to Grow by over $ 2.14 bn through 2021-2025 | Forecast and Trend Analysis

Automotive Alternator Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BBB Industries LLC, BorgWarner Inc., DENSO Corp., HELLA GmbH and Co. KGaA, Hitachi Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Automotive Alternator Market Size to Grow by over $ 2.14 bn through 2021-2025 | Forecast and Trend Analysis

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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