The latest report on Automotive Starter Motor and Alternator Market by Infinium Global Research gives complete coverage of the automotive starter motor and alternator market by tarter motor type (electric, pneumatic, hydraulic and others), alternator type (claw pole alternator and cylindrical alternator) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of automotive starter motor and alternator such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increasing in the Production of Vehicles and Sales Drives the Growth of the Automotive Starter and Motor and Alternator Industry
An automotive starter motor is used to rotate an internal combustion engine to optimize the engine operation under its own power. Alternators are also used in automotive to charge the battery and power the electrical system when it is running. Many modern alternators are equipped with built-in “regulator” circuits that automatically switch battery power on and off to the rotor coil to regulate the output voltage.
Increasing in the production of vehicles and sales drives the growth of the automotive starter and motor and alternator market. In addition, the rising sale of hybrid vehicles and the increase in the adoption of electric vehicles due to environmental concerns are anticipated to boost the growth of the automotive starter motor and alternator market.
However, hybrid vehicles use an internal combustion engine hence they have eliminated the use of starters and alternators which is likely to restrain the growth of the automotive starter motor and alternator market. Furthermore, increasing preference for lightweight and fuel-efficient vehicles are further providing several growth opportunities for the key players in the automotive starter motor and alternator market over the upcoming years.
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Increasing Production of Vehicles, Coupled with Continuous Investment in This Industry
Among the geographies, Asia Pacific dominated the automotive starter motor and alternator market. The growth in the Asia Pacific region is due to the emerging economies and rapid industrial development. Moreover, the increasing demand for starters and alternators in the North American region is due to the increasing production of vehicles, coupled with continuous investment in this market is expected to fuel the demand for automotive starters and alternators in near future.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive starter motor and alternator.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.