Press release
Driving Automotive Starter Motor And Alternator Market Growth in 2025: The Role of Global Automotive Production Surge Boosts Automotive Starter Motor And Alternator Market
Automotive Starter Motor And Alternator Market Size
Automotive Starter Motor And Alternator Market Size Growth Forecast: What to Expect by 2025?
In recent years, there has been consistent growth in the size of the automotive starter motor and alternator market. This sector is predicted to expand from $31.76 billion in 2024 to $33.2 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.5%. Factors contributing to this historical growth include the prevalence of traditional internal combustion engines, the expansion of the automotive industry, increased vehicle ownership, the escalating intricacy of vehicle electronics, as well as the growing demand for maintenance and replacements.
How Will the Automotive Starter Motor And Alternator Market Size Evolve and Grow by 2029?
Over the next few years, the automotive starter motor and alternator market size is predicted to witness significant growth, reaching $41.86 billion in 2029 with a 6.0% CAGR. This anticipated growth during the forecast period can be linked to the adoption of hybrid and electric vehicles, advanced start-stop systems, integration of cutting-edge technologies, amplified vehicular electrification, and attention on fuel efficiency. Notable trends expected in the forecast period consist of a surging aftermarket demand, advancements in technology, universal regulatory standards, interruptions in the supply chain, and a heightened concentration on sustainability.
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What Drivers Are Propelling the Growth of Automotive Starter Motor And Alternator Market Forward?
The increasing global production in the automotive sector is forecasted to fuel the expansion of the automotive starter motor and alternator industry. Automotive pertains to any mobile machinery, which includes cars, trucks, buses, vans, motorcycles, and golf carts. An automotive starter motor and alternator function to recharge the battery and maintain power to the vehicle's electrical structure by converting electricity into mechanical energy that serves to drive engines and machines. For example, the European Automobile Manufacturers Association, a Europe-based enterprise, reported in April 2022 that the world automotive production reached 79.1 million in 2021, witnessing a 1.3% boost from 2020. Hence, the uptrend in global automotive production is indeed stimulating the growth of the automotive starter motor and alternator sector.
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Which Emerging Trends Are Transforming the Automotive Starter Motor And Alternator Market in 2025?
Innovation in products is a major trend that is gaining momentum in the automotive starter motors and alternator market. Leading companies in this sector are incorporating innovative technologies for maintaining their standing in the market. A notable example from March 2022 is Nexteer Automotive, an American motion control technology firm, which unveiled a 48-volt Integrated Belt-Driven Starter Generator (iBSG). This is a motor generator connected to the engine crankshaft with a belt and is designed to work both as a generator and a starter motor, delivering up to 12kW of electric power to support the engine. It can enhance fuel efficiency by as much as 16% and decrease emissions by roughly 15%. The iBSG also aids in enabling various vehicle features like stop-start technology, regenerative braking, and electric power steering. The 48-volt iBSG helps increase the ICE and fuel economy by capturing the vehicle's kinetic energy during deceleration and reusing it during acceleration.
What Are the Key Segments in the Automotive Starter Motor And Alternator Market?
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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Who Are the Key Players Shaping the Automotive Starter Motor And Alternator Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Automotive Starter Motor And Alternator Market?
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
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