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Automotive Alternator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive alternator market size reached US$ 22.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32.88 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Automotive alternators refer to the three-phase generators with a built-in rectifier circuit that is employed in modern automobiles to charge the battery and power electrical systems while their engine is operating. They consist of a rotor, the stator, output diodes, and the diode trio as standard parts. Additionally, automotive alternators include charging systems, batteries, voltage regulators, and alternators as major components. Automotive alternators aid in powering various vehicle electrical machinery, including instrument panels and interior and exterior lights. Along with this, they assist in generating alternating current (AC) power by electromagnetism and converting mechanical into electrical energy. As a result, automotive alternators are widely incorporated into commercial, light, and commercial vehicles. Currently, they are mainly available in salient pole and cylindrical rotor types. 

Automotive Alternator Market Trends:

The considerable expansion in the automotive industry and the ongoing production and sales of various hybrid and electric vehicles (HEVs/EVs) are primarily driving the market growth. Automotive alternators are widely incorporated in the electrical systems of such automobiles to activate multiple electronic components of vehicles. Furthermore, the implementation of several green initiatives by governments has prompted manufacturers to use hybrid powertrain systems to mitigate carbon emissions from vehicles, which is supplementing the product demand. Additionally, the extensive utilization of automotive alternators in several off-road and emergency vehicles to carry large amounts of snowplow by producing excessive drag on the electrical systems is impelling the market growth. Moreover, the shifting inclination toward the high output automotive alternators over conventional product variants, owing to long-lasting battery life and better electricity supply, is contributing to the market growth. Other factors, such as inflating consumer disposable incomes, the growing need for lightweight cars, and strategic collaborations amongst original equipment manufacturers (OEMs) to enhance product efficacy, are supporting the market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive alternator market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on powertrain type and vehicle type.

Breakup by Powertrain Type:

  • IC Engine Vehicles
  • Hybrid and Electric Vehicles
     

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BorgWarner Inc., DENSO Corporation, Hella KGaA Hueck & Co. (Faurecia SE), Hitachi Ltd., Hyundai Mobis (Hyundai Motor Group), Jinzhou Halla Electrical Equipment Co. Ltd, MAHLE GmbH (Mahle Stiftung GmbH), Mecc Alte SpA (Co.mecc.fin.srl), Mitsubishi Electric Corporation, Motorcar Parts of America Inc., Prestolite Electric Incorporated (Prestolite Electric Holding Inc.), Robert Bosch GmbH (Robert Bosch Stiftung GmbH) and Valeo.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Powertrain Type, Vehicle Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BorgWarner Inc., DENSO Corporation, Hella KGaA Hueck & Co. (Faurecia SE), Hitachi Ltd., Hyundai Mobis (Hyundai Motor Group), Jinzhou Halla Electrical Equipment Co. Ltd, MAHLE GmbH (Mahle Stiftung GmbH), Mecc Alte SpA (Co.mecc.fin.srl), Mitsubishi Electric Corporation, Motorcar Parts of America Inc., Prestolite Electric Incorporated (Prestolite Electric Holding Inc.), Robert Bosch GmbH (Robert Bosch Stiftung GmbH) and Valeo.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive alternator market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive alternator market?
  • What are the key regional markets?
  • What is the breakup of the market based on the powertrain type?
  • What is the breakup of the market based on the vehicle type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive alternator market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Alternator Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Powertrain Type
    6.1    IC Engine Vehicles
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hybrid and Electric Vehicles
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    Passenger Cars
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Commercial Vehicles
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    BorgWarner Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    DENSO Corporation
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Hella KGaA Hueck & Co. (Faurecia SE)
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    Hitachi Ltd.
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    Hyundai Mobis (Hyundai Motor Group)
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
        13.3.6    Jinzhou Halla Electrical Equipment Co. Ltd
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    MAHLE GmbH (Mahle Stiftung GmbH)
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 SWOT Analysis
        13.3.8    Mecc Alte SpA (Co.mecc.fin.srl)
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    Mitsubishi Electric Corporation
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    Motorcar Parts of America Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials
        13.3.11    Prestolite Electric Incorporated (Prestolite Electric Holding Inc.)
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio
        13.3.12    Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio
           13.3.12.3 SWOT Analysis
        13.3.13    Valeo
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio
           13.3.13.3 Financials
           13.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Alternator Market: Major Drivers and Challenges
Figure 2: Global: Automotive Alternator Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Alternator Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Alternator Market: Breakup by Powertrain Type (in %), 2021
Figure 5: Global: Automotive Alternator Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: Automotive Alternator Market: Breakup by Region (in %), 2021
Figure 7: Global: Automotive Alternator (IC Engine Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Automotive Alternator (IC Engine Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Automotive Alternator (Hybrid and Electric Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Alternator (Hybrid and Electric Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Alternator (Passenger Cars) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Alternator (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Alternator (Commercial Vehicles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Alternator (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: North America: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: North America: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Canada: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Canada: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Asia-Pacific: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Asia-Pacific: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: China: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: China: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Japan: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Japan: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: South Korea: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: South Korea: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Australia: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Australia: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Indonesia: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Indonesia: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Others: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Others: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Europe: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Europe: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Germany: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Germany: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: France: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: France: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United Kingdom: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United Kingdom: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Italy: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Italy: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Spain: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Spain: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Russia: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Russia: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Latin America: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Latin America: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Brazil: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Brazil: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Mexico: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Mexico: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Middle East and Africa: Automotive Alternator Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Middle East and Africa: Automotive Alternator Market: Breakup by Country (in %), 2021
Figure 63: Middle East and Africa: Automotive Alternator Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Global: Automotive Alternator Industry: SWOT Analysis
Figure 65: Global: Automotive Alternator Industry: Value Chain Analysis
Figure 66: Global: Automotive Alternator Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Alternator Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Alternator Market Forecast: Breakup by Powertrain Type (in Million US$), 2022-2027
Table 3: Global: Automotive Alternator Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Automotive Alternator Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Automotive Alternator Market: Competitive Structure
Table 6: Global: Automotive Alternator Market: Key Players


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