Future Outlook of Automotive Alternator Market Poised to Achieve CAGR of 5.8% by 2023 – Denso, Hitachi, Lucas Electrical, Mitsubishi, Remy, Robert Bosch GmbH, Valeo SA
Overview of the Global Automotive Alternator Market:
The report spread across 92 pages is an overview of the Global Automotive Alternator Market - Growth, Trends, and Forecast (2018 - 2023). These report study based on the Automotive Alternator Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.
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The Global Automotive Alternator Market is poised to register a GAGR of around 5.8% during the forecast period. The rise in vehicle production in the Asia-Pacific region and the recovering automotive manufacturing industry in US are anticipated to drive the automotive alternator market over the forecast period.
A vehicle has some electrical and electronic components powered by the coordinated arrangement of the battery and alternator. There are two types of alternators that are normally available in the market i.e., three-phase and single-phase. The type of alternators that are used in the car depends on the make of the vehicle. Luxury cars have high-output alternators as they have electrical systems that demand high amount of electricity, such as luxurious audio and video systems.
The automotive alternator market is driven by the increasing global demand for passenger cars and commercial vehicles. Asia is estimated to have the highest market share in alternator market in 2017 and is expected to continue at the same pace till the end of 2023 and much beyond. Countries, such as India, China, and South Korea have emerged as the major automotive manufacturing hubs, sourcing components to western automakers. Asia is an opportunistic region for commercial vehicle manufacturers. The automobile industry in India is developing and is expected to be the fastest growing market in the production of automotive by 2020. With the South Asian market providing the low cost of labor, its set to become the major automobile hub in the near future. The European automobile industry has invested about USD 46.3 billion in research and development activities. With the modernization of car-related appliances, there has been a rise in attaching electronic devices in vehicles and increasing requirement of power in cars, which has led to an increase in the demand for alternators.
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Major Key Players:
1 Control Power Technology
2 Denso Corporation
3 Hella KGaA Hueck & Co.
4 Hitachi Automotive
5 Lucas Electrical
6 Mitsubishi Corporation
7 Remy International
8 Robert Bosch GmbH
9 Valeo S.A.
This comprehensive Automotive Alternator Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.
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Table of Contents:
2 Research Methodology
3 Executive Summary
4 Market Overview and Technological Trends
5 Market Dynamics
6 Global Automotive Alternator Market Segmentation, by Vehicle Type
7 Global Automotive Alternator Market Segmentation, by Type
8 Global Automotive Alternator Market Segmentation, by Geography
9 Competitive Landscape
10 Company Profile
11 Future Outlook of the Market
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