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Automotive Alternator Market Share

Report ID: GMI11720
Published Date: Oct 2024
Report Format: PDF

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Automotive Alternator Market Share

Automotive Alternator Market Company Share, 2023

Valeo SA, Denso Corporation, and Robert Bosch GmbH collectively held a substantial market share of over 35% in the automotive alternator industry in 2023. These industry leaders drive growth through innovative technologies and solutions tailored to automotive needs, focusing on efficiency, performance, and sustainability in alternator design. Their advancements in alternator technology enhance vehicle electrical systems and contribute to the overall functionality of modern vehicles.

As the automotive industry shifts towards electrification and advanced electronic systems, these companies are at the forefront of providing reliable and high-performance alternators that meet the evolving demands of consumers and manufacturers alike. Their efforts not only improve vehicle performance but also align with global trends towards sustainability and energy efficiency in transportation, shaping the future of the market.

Automotive Alternator Market Companies

Major players operating in the automotive alternator industry are:

Continental AG
Delphi Technologies
Denso Corporation
Hyundai Mobis
Magneti Marelli
Mitsubishi Electric
Robert Bosch GmbH
Schaeffler AG
Valeo SA
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive alternator reached USD 24.8 billion in 2023 and is set to grow at a CAGR of 6.3% from 2024 to 2032, driven by increasing global vehicle production, especially in developing regions like Asia-Pacific.

The passenger vehicle segment accounted for over 80% of the market share in 2023 and is expected to exceed USD 20 billion by 2032, due to high global production and widespread use of passenger vehicles, particularly in emerging markets like Asia-Pacific, where consumer demand for personal vehicles is growing.

The OEM segment held more than 85% of the market share in 2023. OEMs dominate the market by supplying alternators directly to vehicle manufacturers, ensuring their products meet specific requirements and quality standards of new vehicles.

China's market accounted for 60% of the revenue share in 2023 and is expected to exceed USD 8 billion by 2032, due to its large automotive production and consumption base, driving high demand for alternators.

The major players in the industry include Continental AG, Delphi Technologies, Denso Corporation, Hyundai Mobis, Magneti Marelli, Mitsubishi Electric, Robert Bosch GmbH, Schaeffler AG, Valeo SA, and ZF Friedrichshafen AG.