Market Overview:
The global truck starter and alternator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles, rising disposable income, and technological advancements in the automotive industry. The global truck starter and alternator market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into starter motor and alternator. The starter motor segment is expected to grow at a higher CAGR during the forecast period as compared to Alternators due replacement needs for aging vehicles with increased penetration rates in developing countries such as China & India owing to increase in sales of commercial vehicles over passenger cars. On the basis of application,the truck starter and alternatormarketis divided into OEMs (original equipment manufacturers)and aftermarketsales channels including independent garages/repair shopsand vehicle dealerships/OEM service centers). The OEMs segment dominates thismarket owingto high replacement demand from developed markets such as North Americaand Europeas well ascustomers preferring original parts over replacements parts available in aftermarketsales channels .
Product Definition:
A truck starter is an electric motor that starts the engine in a vehicle. It does this by converting electricity into rotational force to turn the engine's crankshaft. The alternator is a generator that produces electrical current for the vehicle's battery and other electrical components.
Alternator:
An alternator is an electrical generator that produces alternating current. It is used in applications where the load on the main power source varies widely and a steady supply of electricity is not required. The most common application of an alternator would be to power electric tools in a construction or manufacturing environment, which includes machines like drills, saws, compressors etc.
The growth factor for truck starter.
Starter Motor:
The starter motor is a small electric motor used to start the internal combustion engine. It's used in vehicles where the engine is started by manually turning it over, such as in cars and trucks with batteries. The current trend of using hybrid technology has led to an increase in demand for electric vehicles that use a combination of both gasoline and electricity.
Starter motors are required on all types of engines, including diesel, gas turbine cycles, steam turbines.
Application Insights:
OEMs generate substantial revenue through the supply of aftermarket products. The OEMs have a lock on the market as they are major players in the industry and have their own distribution channels. They also manufacture trucks with advanced technology, which provides better performance and reliability for long-distance travels. This has resulted in strong competition among various manufacturers to provide an alternator that meets stringent quality standards, while delivering improved performance over stock units at a lower price point.
The starter motors segment is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to its low installation cost as compared with Alternators and growing demand for heavy commercial vehicles across developing countries such as India, China and Brazil among others in Asia Pacific region. Latin America also exhibits promising growth prospects due to increasing trade between Mexico & U.S.
Regional Analysis:
The Asia Pacific region is anticipated to witness the highest CAGR of XX% during the forecast period owing to increasing demand for heavy-duty trucks in countries such as China, India, and Japan. Furthermore, rising investments by OEMs in developing economies are expected to drive growth over the coming years. For instance, Mahindra & Mahindra announced its plans of expanding its presence in North America and Europe with a focus on commercial vehicles including buses and construction equipment among others.
North America was estimated as one of the largest regional markets for truck starters.
Growth Factors:
- Increasing demand for commercial vehicles: The global truck market is expected to grow at a CAGR of more than 5% during the forecast period. This will lead to an increase in demand for truck starters and alternators.
- Technological advancements: The introduction of new technologies such as electric vehicles and hybrids is expected to drive the growth of the truck starter and alternator market during the forecast period.
- Rising fuel prices: The increasing price of fuel is leading fleet operators to opt for more fuel-efficient trucks, which will result in an increase in demand for truck starters and alternators during the forecast period.
- Stringent emissions regulations: Stringent emissions regulations are encouraging fleet operators to replace older trucks with newer, more efficient models, which will lead to an increase in demand for truck starters and alternators during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Truck 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Truck Starter and Alternator Market Report Segments:
The global Truck 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 Truck 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 Truck 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:
- Correctly Positioning New 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 truck starter is a device that starts a diesel engine. An alternator is an electrical generator that converts mechanical energy into electrical energy to power the vehicle's lights, horn, and other accessories.
Some of the key players operating in the truck 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 truck starter and alternator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Truck 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 Truck Starter and Alternator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Truck 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 Truck 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 Truck Starter and Alternator Market Size & Forecast, 2020-2028
4.5.1 Truck Starter and Alternator Market Size and Y-o-Y Growth
4.5.2 Truck 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 Truck 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 Truck 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 Truck Starter and Alternator Market: Competitive Dashboard
14.2 Global Truck 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
