Market Overview:
The global bus starter and alternator market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to reach US$ 3,711.5 Mn by 2030, registering a CAGR of 5.4% from 2018 to 2030. The global bus starter and alternator market is segmented on the basis of type (alternator, starter motor), application (OEM, aftermarket) and region (North America, Latin America, Europe Asia Pacific & Middle East & Africa). On the basis of type, the Alternators segment is expected to account for a larger share of the global bus starter and alternator market in terms of value over the forecast period. This can be attributed to increasing demand for buses with advanced features such as air conditioning systems that require more power from an alternator as compared to traditional buses without air conditioning systems. The Alternators segment is expected register a CAGR of 5.6% over the forecast period 2018-2030 In terms of volume too this segments accounts for majority share in Bus Starter And Alternators Market followed by Starter Motors Segment . In terms on Application OEMs are anticipated hold dominant position through out forecast period owing high replacement rate along with huge investments done by Original Equipment Manufacturers(OEMs)in R&D activities related Bus Starter And Alternators Market .
Product Definition:
The bus starter and alternator is a device that starts the bus engine and supplies electrical power to the bus. The starter cranks the engine over, while the alternator produces electrical current to run all of the electrical systems on the bus. The starter and alternator are important components because they provide power to start and operate the bus.
Alternator:
An alternator is an electrical device which aids in converting the direct current (DC) produced by a battery into alternating current (AC). The AC power generated by the alternator is used to charge the battery and also provides electricity for starting and charging the engine of an electric motor. It’s major applications are in vehicles, boats, power tools, portable appliances like laptops & mobiles etc.
The global bus starter & Alternator market size was valued at USD 23.
Starter Motor:
A starter motor is a type of electric motor used to provide an initial rotary motion for the engine. It is generally mounted outside the vehicle and connected by a gear system to the crankshaft of the internal combustion engine. The prime function of this motor is to provide rotation when starting up an automobile, bicycle or other machine.
Application Insights:
OEMs generate higher revenue as compared to aftermarket products. The OEM market is dominated by Mercedes Benz, with a share of over 30% in 2017. Increasing demand for premium vehicles has resulted in the growth of the OEM segment. Premium buses are equipped with more advanced technologies that enhance passenger experience and comfort, which is likely to fuel product demand from OEMs over the forecast period.
The starter motor application segment generated a revenue of USD 1,836 million in 2017 and is projected to grow at CAGR 5% from 2018 to 2030 owing to its low cost structure and wide availability across various vehicle types including mini buses, midi buses & coaches and school buses among others. Moreover, growing penetration of electric vehicles across key markets such as North America will drive product demand forstarter motors over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing automobile production in countries, such as China and India. In 2017, Asia Pacific accounted for 24% of global vehicle production. Furthermore, rising demand for electric vehicles in China owing to government subsidies and growing sales of premium cars with superior performance characteristics will drive industry expansion over the coming years.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth during the forecast period on account of increasing R&D investments by major automotive manufacturers along with technological innovations pertaining to battery systems within this region. North America held a substantial share within the global bus starter motor market on account of high product adoption rates across U.S.
Growth Factors:
- Increasing demand for buses from the transportation sector
- Growing popularity of electric and hybrid buses
- Proliferation of bus rapid transit systems (BRTS)
- Rising demand for replacement parts and components, especially in developing countries
- Technological advancements that improve the performance and efficiency of bus starters and alternators
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Starter and Alternator Market Research Report
By Type
Alternator, Starter Motor
By Application
OEM, Aftermarket
By Companies
Bosch, Valeo, Denso, Mahle, Mitsubishi Electric, Prestolite, Remy International, Hella, Hitachi, DAH KEE Co.,Ltd, Bosch, Mitsuba, Lucas, Nikko, Iskra, Magenton, BorgWarner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Bus Starter and Alternator Market Report Segments:
The global Bus Starter and Alternator market is segmented on the basis of:
Types
Alternator, Starter Motor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Valeo
- Denso
- Mahle
- Mitsubishi Electric
- Prestolite
- Remy International
- Hella
- Hitachi
- DAH KEE Co.,Ltd
- Bosch
- Mitsuba
- Lucas
- Nikko
- Iskra
- Magenton
- BorgWarner
Highlights of The Bus Starter and Alternator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alternator
- Starter Motor
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bus Starter and Alternator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bus starter is a small, hand-held electric motor that starts the engine of a bus. An alternator is an electrical device that converts mechanical energy into electrical energy to power tools, vehicles, and other devices.
Some of the major players in the bus starter and alternator market are Bosch, Valeo, Denso, Mahle, Mitsubishi Electric, Prestolite, Remy International, Hella, Hitachi, DAH KEE Co.,Ltd, Bosch, Mitsuba, Lucas, Nikko, Iskra, Magenton, BorgWarner.
The bus starter and alternator market is expected to grow at a compound annual growth rate of 5.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bus Starter and Alternator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bus Starter and Alternator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Starter and Alternator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bus Starter and Alternator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bus Starter and Alternator Market Size & Forecast, 2020-2028
4.5.1 Bus Starter and Alternator Market Size and Y-o-Y Growth
4.5.2 Bus Starter and Alternator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Alternator
5.2.2 Starter Motor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Starter and Alternator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bus Starter and Alternator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Alternator
9.6.2 Starter Motor
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Alternator
10.6.2 Starter Motor
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Alternator
11.6.2 Starter Motor
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Alternator
12.6.2 Starter Motor
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Alternator
13.6.2 Starter Motor
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bus Starter and Alternator Market: Competitive Dashboard
14.2 Global Bus Starter and Alternator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Valeo
14.3.3 Denso
14.3.4 Mahle
14.3.5 Mitsubishi Electric
14.3.6 Prestolite
14.3.7 Remy International
14.3.8 Hella
14.3.9 Hitachi
14.3.10 DAH KEE Co.,Ltd
14.3.11 Bosch
14.3.12 Mitsuba
14.3.13 Lucas
14.3.14 Nikko
14.3.15 Iskra
14.3.16 Magenton
14.3.17 BorgWarner
