Automotive Alternator Market to Grow by USD 1.04 Billion in 2020, BBB Industries LLC and BorgWarner Inc. Emerge as Key Contributors to Growth | Technavio
Technavio has been monitoring the automotive alternator market and it is poised to grow by USD 1.04 billion during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the automotive alternator market. The market growth in 2020 is likely to Decrease compared to the market growth in 2019.
Frequently Asked Questions-
Based on segmentation by application, which is the leading segment in the market?
The passenger cars are expected to be the leading segment based on application in the global market during the forecast period.
What are the major trends in the market?
Emergence of smart alternators is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 2%, the incremental growth of the market is anticipated to be USD 1.04 billion.
Who are the top players in the market?
BBB Industries LLC, BorgWarner Inc., DENSO Corp., Hella GmbH & Co. KGaA, Hitachi Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Valeo SA. are some of the major market participants.
What are the key market drivers and challenges?
Rising use of electronic components in vehicles is one of the major factors driving the market. However, the increasing adoption of EVs restraints the market growth.
How big is the APAC market?
The APAC region will contribute 73% of market growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BBB Industries LLC, BorgWarner Inc., DENSO Corp., Hella GmbH & Co. KGaA, Hitachi Ltd., MAHLE GmbH, Marelli Holdings Co. Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Valeo SA are some of the major market participants. The rising use of electronic components in vehicles will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this automotive alternator market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive alternator market report covers the following areas:
Automotive Alternator Market Size
Automotive Alternator Market Trends
Automotive Alternator Market Analysis
This study identifies the emergence of smart alternators as one of the prime reasons driving the automotive alternator market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive alternator market growth during the next five years
Estimation of the automotive alternator market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive alternator market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive alternator market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Passenger cars - Market size and forecast 2019-2024
LCVs - Market size and forecast 2019-2024
M and HCVs - Market size and forecast 2019-2024
Market opportunity by Application
Customer Landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers ? Demand led growth
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
BBB Industries LLC
BorgWarner Inc.
DENSO Corp.
Hella GmbH & Co. KGaA
Hitachi Ltd.
MAHLE GmbH
Marelli Holdings Co. Ltd.
Mitsubishi Electric Corp.
Robert Bosch GmbH
Valeo SA
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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