Press release
Automotive Starter Motor And Alternator Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Automotive Starter Motor And Alternator Market
The upward trend in worldwide automobile manufacturing is anticipated to boost the expansion of the automotive starter motor and alternator market. The term "automotive" encompasses all mobile machinery, such as cars, trucks, buses, vans, motorcycles, and golf carts. An automobile uses an automotive starter motor and alternator to replenish the battery and supply power to the vehicle's electronic system by converting power into mechanical energy, which powers the engines and machines. The European Automobile Manufacturers Association, a Europe-based organisation, reported in April 2022 that global automotive output had reached 79.1 million in 2021, marking a 1.3% increase from 2020. Thus, the enhancement in worldwide automobile manufacturing is fueling the market for automotive starter motors and alternators.
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What is the future CAGR of the automotive starter motor and alternator market, and how will it impact industry expansion?
In recent times, there has been a consistent expansion in the market size for the automotive starter motor and alternator. The market value, set to escalate from $31.76 billion in 2024 to $33.2 billion in 2025, anticipates a Compound Annual Growth Rate (CAGR) of 4.5%. The considerable growth observed in the previous years can be credited to the supremacy of traditional internal combustion engines, development in the automobile sector, growth in vehicle ownership, the increasing sophistication in vehicle electronics, together with rising demands for maintenance and replacements.
Predictions indicate a positive growth trajectory for the automotive starter motor and alternator market in the upcoming years, with an anticipated value of $41.86 billion by 2029 and an estimated compound annual growth rate (CAGR) of 6.0%. This projected expansion is primarily driven by the rising adoption of hybrid and electric vehicles, advanced start-stop system integration, increased vehicle electrification, and a heightened emphasis on fuel efficiency. Within the forecast period, the market will experience trends such as increased aftermarket demand, technological progress, adherence to global regulatory requirements, disturbances in supply chains, and a heightened attention to sustainability.
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What are the most significant trends transforming the automotive starter motor and alternator market today?
In the automotive starter motors and alternator industry, the attention has significantly shifted towards product innovation as a major trend. It is primarily prompted by leading corporations who are leveraging advancements in technology and innovation to maintain their market dominance. An excellent example of this is the recent introduction of a 48-volt Integrated Belt-Driven Starter Generator (iBSG) by Nexteer Automotive, an American impact control technology organization, in March 2022. The iBSG, directly linked to the engine crankshaft via a belt, doubles as both a starter motor and a generator and can provide up to 12 kW of electric power support for the engine, which can significantly enhance fuel efficiency by up to 16% and lower emissions rate by up to 15%. Also integral to this system are other vehicle features like stop-start technology, electric power steering, and regenerative braking. As the 48-volt iBSG picks up the kinetic energy during deceleration and recycles it for acceleration, it enhances the overall fuel economy and the efficiency of the internal combustion engine.
Which key market segments comprise the automotive starter motor and alternator market and drive its revenue growth?
The automotive starter motor and alternator market covered in this report is segmented -
1) By Product Type: Electric Starter Motors, Gear Reduction Starter Motors
2) By Power Output: 1.0 KW-3.0 KW, 3.0 KW-5.0 KW, 5.0 KW And Above
3) By Technology: Belt Driven Starter Motor And Alternator, Enhanced Starter, Integrated Starter Generator (ISG), Direct Start
4) By Vehicle Type: Internal Combustion Engine (ICE), Hybrids, Other Vehicle Types
5) By Sales Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Electric Starter Motors: Brushless Starter Motors, Brushed Starter Motors
2) By Gear Reduction Starter Motors: Permanent Magnet Gear Reduction Motors, Series Wound Gear Reduction Motors
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What regions are at the forefront of automotive starter motor and alternator market expansion?
Asia-Pacific was the largest region in the automotive starter motor and alternator market in 2024. The regions covered in the automotive starter motor and alternator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the automotive starter motor and alternator market?
Major companies operating in the automotive starter motor and alternator market include Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, Valeo SA, Mitsuba Corporation, Lucas Electrical Limited, Controlled Power Technologies Ltd., Mitsubishi Electric Corporation, ASMICO Technologies Limited, Cummins Inc., BBB Industries LLC, Remy International Inc., RFL Alternators, Motor Corporation of America, Hella KGaA Hueck & Co., ASMO Co. Ltd., BorgWarner Inc., Mahle GmbH, Broad-Ocean Motor Co. Ltd., Cummins Generator Technologies, Magneti Marelli S.p.A., Mando Corporation, Prestolite Electric Inc., Remy Power Products, Unipoint Electric Mfg. Co. Ltd., WAI Global, Zhejiang Dehong Automotive Electronic & Electrical Co. Ltd., ACDelco, AS-PL Sp. z o.o.
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What Is Covered In The Automotive Starter Motor And Alternator Global Market Report?
• Market Size Forecast: Examine the automotive starter motor and alternator market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive starter motor and alternator market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive starter motor and alternator market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive starter motor and alternator market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive starter motor and alternator market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive starter motor and alternator market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive starter motor and alternator market.
• Competitive Landscape: Review strategic developments in the automotive starter motor and alternator market, including expansions, agreements, and new product launches.
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