Market Overview:
The global light vehicle alternator market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the global light vehicle alternator market can be attributed to the increasing demand for electric vehicles and rising awareness about energy-efficient automotive technologies. The smooth cylindrical type segment is expected to account for a major share of the global light vehicle alternator market during the forecast period. This segment is anticipated to grow at a CAGR of X.X% from 2018 to 2030. The salient pole type segment is expected to register a higher growth rate than the smooth cylindrical type segment during the forecast period.
Product Definition:
A light vehicle alternator is an electrical device that converts mechanical energy into alternating current to power the electrical systems of a vehicle. It is important because it supplies electricity to the car's lights, radio, and other devices while the engine is running.
Salient Pole Type:
The salient pole type is a device that is used to convert the vehicle’s Alternator output to generate electrical energy. It has been observed that in most of the light vehicles, there is an absence of a battery bank and hence the electric power steering system, headlamp flashers, fuel pump etc., operate from vehicle’s Alternator output.
Increasing demand for Electric Vehicles (EV).
Smooth Cylindrical Type:
Smooth cylindrical type is used in automotive light vehicle alternator market. It is a wound rotor design, which has uniform magnetization and poles throughout its length. The design offers several advantages such as low power loss, high efficiency under all conditions, simple construction with fewer components and minimum weight as compared to conventional rotors.
Application Insights:
OEMs such as Ford, General Motors, Toyota and Honda use salient pole type of generators while the other manufacturers prefer smooth cylindrical type. OEMs make use of these generators due to their low cost and easy manufacturing. The aftermarket segment is expected to witness significant growth over the forecast period owing to rising demand for replacement vehicles in light of increasing reliability concerns among consumers regarding vehicle safety.
The growing popularity of electric vehicles across major economies including Japan, China, Germany and U.S., on account of supportive government policies towards EVs is expected to drive consumer interest in el-vehicles which will subsequently fuel demand for ELVAs in the market over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for light vehicles in countries, such as China, India, Japan and South Korea. In addition, rising investments by OEMs in developing countries of Asia Pacific are likely to boost product demand. For instance; Toyota invested around USD X billion from 2014 to 2016 on improving its manufacturing facilities in Thailand while Honda announced an investment of USD X million for expanding production capacity at its plant in Andhra Pradesh (AP) state of India.
North America accounted for a significant share owing to high consumer preference towards premium cars with improved fuel efficiency and reduced weight as compared to heavy vehicles used commonly across U.S., Canada and Mexico regionalsides resulting into higher sales volume thus driving overall industry growth positively over the projected period from 2018 till 2030 (USD X Million).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This would lead to an increase in the demand for alternators in light vehicles as they are used to power these vehicles.
- Stringent emission norms: Stringent emission norms across different countries are driving the demand for alternators in light commercial and passenger vehicles as these devices help in reducing emissions from these vehicles.
- Technological advancements: The development of new technologies such as brushless alternators is aiding the growth of the global light vehicle alternator market. These technologies offer better performance and efficiency, thereby resulting in an increase in their adoption rates across different regions.
- Growing automotive sector: The automotive sector is growing rapidly across different regions, which is leading to an increase in the demand for light vehicle alternators from this segment. This growth is primarily driven by rising disposable incomes and changing consumer preferences towards advanced technologies/features in automobiles.. 5) Replacement needs: With increasing age, most automobiles require replacement of certain components such as batteries, starters, etc., which also includes Alternator
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Alternator Market Research Report
By Type
Salient Pole Type, Smooth Cylindrical Type
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Alternator Market Report Segments:
The global Light Vehicle Alternator market is segmented on the basis of:
Types
Salient Pole Type, Smooth Cylindrical Type
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 Light Vehicle 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:
- Salient Pole Type
- Smooth Cylindrical Type
- 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 Light Vehicle 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:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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 light vehicle alternator is a type of alternator used in small to medium-sized vehicles. It typically has a lower output than a heavy vehicle alternator, and is designed for use in smaller engines that don't require as much power.
Some of the major players in the light vehicle 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.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle 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 Light Vehicle Alternator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle 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 Light Vehicle 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 Light Vehicle Alternator Market Size & Forecast, 2020-2028
4.5.1 Light Vehicle Alternator Market Size and Y-o-Y Growth
4.5.2 Light Vehicle 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 Salient Pole Type
5.2.2 Smooth Cylindrical Type
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 Light Vehicle 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 Light Vehicle 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 Salient Pole Type
9.6.2 Smooth Cylindrical Type
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 Salient Pole Type
10.6.2 Smooth Cylindrical Type
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 Salient Pole Type
11.6.2 Smooth Cylindrical Type
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 Salient Pole Type
12.6.2 Smooth Cylindrical Type
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 Salient Pole Type
13.6.2 Smooth Cylindrical Type
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 Light Vehicle Alternator Market: Competitive Dashboard
14.2 Global Light Vehicle 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
