Automotive Alternator and Starter Motor Market by Technology Type (Belt Alternator Starter (BAS), by Starter Motor Type (Electric, Pneumatic, Hydraulic, Others), by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Automotive Alternator and Starter Motor Market was valued at USD 31.44 USD Billion in 2023 and is projected to reach USD 82.27 USD Billion by 2032, with an expected CAGR of 14.73% during the forecast period. Automotive alternator is an electric generator found in vehicles that employs the mechanical energy coming from the engine to deliver electric power to other system in the car as well as recharging the battery used in the car. There is normally typical alternators some of which include, the output, high output, and variable output based on the power and the capacity of the vehicle in question. On the other hand a starter motor is used to trigger the flow of combustion process within the engine so as to turn the engine over. Starter motors generally fall into two main categories: Gear reduction and direct drive, where the system for gear reduction is recognized to produce torque with less efficiency while direct drive is less in its torque generation but has a better efficiency. They both are critical for vehicle operation, where alternators and regulator compounds are responsible for electrical system capabilities and batteries maintenance and starter motors for start the engine.
Automotive Alternator and Starter Motor Trends
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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