The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

1. Market Growth Trajectory

• The automotive starter motor and alternator market has witnessed robust growth recently.
• Expected growth from $30.65 billion in 2023 to $32.23 billion in 2024, with a CAGR of 5.1%.

2. Factors Contributing to Growth

• Traditional internal combustion engine dominance.
• Expansion in the automotive industry.
• Increasing vehicle ownership.
• Complexity of vehicle electronics.
• Maintenance and replacement needs.

Global Automotive Production Surge Boosts Automotive Starter Motor And Alternator Market

1. Impact of Global Automotive Production

• Rise in global automotive production to drive market growth.
• Starter motors and alternators crucial for vehicle functionality.

2. Recent Statistics

• According to the European Automobile Manufacturers Association, global automotive production reached 79.1 million in 2021, marking a 1.3% increase from 2020.

3. Key Players

• Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, and others lead the market.
• Diverse range of companies contribute to the market’s vitality.

View More On The Automotive Starter Motor And Alternator Market Report 2024 – https://www.thebusinessresearchcompany.com/report/automotive-starter-motor-and-alternator-global-market-report

Innovative Belt-Driven Starter Generator Transforms The Market

1. Embracing Innovation

• Product innovation emerges as a prominent trend.
• Companies invest in cutting-edge technologies to maintain competitiveness.

2. Nexteer Automotive’s Breakthrough

• Introduction of 48-volt Integrated Belt-Driven Starter Generator (iBSG) in March 2022.
• iBSG serves as both a starter motor and a generator.
• Potential to enhance fuel economy by up to 16% and reduce emissions by up to 15%.

Ideanomics Acquires US Hybrid To Advance Electric Vehicle Technologies And Green Fleet Initiatives

1. Strategic Acquisition

• Ideanomics, Inc. acquires US Hybrid in May 2021.
• Aims to leverage advanced EV technologies and alliances to reduce greenhouse gas emissions from commercial fleets.
• US Hybrid specializes in traction motors.

Market Segmentation

1. Product Types

• Electric Starter Motors.
• Gear Reduction Starter Motors.

2. Power Output

• Segmented by power output ranges.

3. Technology

• Includes Belt Driven Starter Motor And Alternator, Enhanced Starter, Integrated Starter Generator (ISG), Direct Start.

4. Vehicle Types

• Categorized by vehicle propulsion systems.
• Internal Combustion Engine (ICE), Hybrids, and Other Vehicle Types.

5. Sales Channels

• Original Equipment Manufacturer (OEM) and Aftermarket.

Asia-Pacific Leading the Charge

1. Regional Dominance

• Asia-Pacific emerged as the largest region in the automotive starter motor and alternator market in 2023.
• Illustrates the global nature of market expansion.

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The Automotive Starter Motor And Alternator Global Market Report 2024  provides comprehensive insights on the automotive starter motor and alternator market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the automotive starter motor and alternator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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