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Global Automotive Starter Motor And Alternator Market: Growth Drivers, Market Size and Key Trends Analysis
Global Automotive Starter Motor And Alternator Market
What Is The Projected Market Size Of The Global Automotive Starter Motor And Alternator Market And Its Growth Rate?
The automotive starter motor and alternator market shows steady growth with specific segmentation:
• By Product Type: Electric Starter Motors, Gear Reduction Starter Motors.
• By Power Output: 1.0 KW-3.0 KW, 3.0 KW-5.0 KW, 5.0 KW And Above.
• The market size is projected to grow from $31.76 billion in 2024 to $33.2 billion in 2025, signaling a compound annual growth rate (CAGR) of 4.5%.
What Is Driving The Growth In The Automotive Starter Motor And Alternator Market?
The escalating global automotive production is significantly fueling the growth of the automotive starter motor and alternator market. Expansion of the road transportation industry further augments market growth. USA's gross freight revenues from trucking reaching $940.8 billion in 2022, for example, illustrates the high demand for vehicles equipped with a reliable starter motor and alternator.
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Who Are the Key Players Driving Automotive Starter Motor And Alternator Market Growth?
Key market players include:
• American Trucking Association
• Nippon Mirai Holdings Co., Ltd.
• DENSO Corporation
The continued growth of these companies and their engagement in the automotive sector is driving the expansion of the starter motor and alternator market.
What Are The Key Trends In The Automotive Starter Motor And Alternator Market?
Latest trends in the market include:
• Dominance of traditional internal combustion engines.
• Steady growth of the automotive industry.
• Increase in vehicle ownership and complexity of vehicle electronics.
What Are The Segments Of The Global Automotive Starter Motor And Alternator Market?
The market is segmented as follows:
• Product Type: Electric Starter Motors, Gear Reduction Starter Motors.
• Technology: Belt-Driven Starter Motor And Alternator, Enhanced Starter, Integrated Starter Generator (ISG), Direct Start.
• Power Output: 1.0 KW-3.0 KW, 3.0 KW-5.0 KW, 5.0 KW And Above.
• Vehicle Type: Internal Combustion Engine (ICE), Hybrids, Others.
• Sales Channel: Original Equipment Manufacturer (OEM), After market.
Which Region Leads The Automotive Starter Motor And Alternator Market?
Japan is taking the lead in the global automotive starter motor and alternator market, highlighted by the acquisition of DENSO Corporation by Nippon Mirai Holdings Co., Ltd. This acquisition indicates a strategic move to enhance the company's product portfolio in the automotive starter motor and alternator market.
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What Is Covered In The Automotive Starter Motor And Alternator Market Global Market Report?
Market Size Analysis: Analyze the Automotive Starter Motor And Alternator Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Automotive Starter Motor And Alternator Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Automotive Starter Motor And Alternator Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Automotive Starter Motor And Alternator Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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