Automotive Starter Motors, Alternators and Ignitions Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Starter Motors, Alternators, and Ignitions Market Report Overview
The automotive starter motors, alternators, and ignitions market size was 710.9 million units in 2023. The market will register a negative CAGR of more than 2% during 2023-2028. Emerging market growth due to rising disposable income, a stable political environment, and increasing foreign investment drives the market. In 2023, Asia-Pacific accounted for a significant share of the market.
Automotive Starter Motors, Alternators, and Ignitions Market Outlook, 2023-2028 (Million Units)
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The automotive starter motors, alternators, and ignitions market research report provides a comprehensive overview of the starter motors, alternators, and ignitions market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives taken by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings in the sector across regions, countries, and top applicants.
Market Size (2023) | 710.9 million units |
CAGR (2023-2028) | <(2)% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | SEG Automotive (Bosch), Valeo, Denso, BorgWarner (inc Remy), and Mitsubishi |
Key Sectors | Gasoline Spark Plugs, Ignition Coils, SA-Alternators, and SA-Starter Motors |
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Automotive Starter Motors, Alternators, and Ignitions Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive starter motors, alternators, and ignitions market are Asia-Pacific, Europe, North America, South America, and MEA. The Asia-Pacific spark plugs market may experience a decline in demand during the forecast years.
Automotive Starter Motors, Alternators, and Ignitions Market Analysis by Regions, 2023 (%)
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Automotive Starter Motors, Alternators, and Ignitions Market – Competitive Landscape
Denso accounted for the highest market share in 2021
A few of the top companies operating in the market are:
- SEG Automotive (Bosch)
- Valeo
- Denso
- BorgWarner (inc Remy)
- Mitsubishi
Denso created a diode for alternators in both diesel and gasoline vehicles with the semiconductor dealer, Hitachi Power Semiconductor Device. The new diode boosts power generation effectiveness and aids in enhancing fuel consumption.
Furthermore, Denso is taking strategic actions to aid the growth of the automotive starter motors, alternators, and ignitions market. Denso allocated its non-automotive commodities organization and aftermarket to Denso Solution Japan, which will be retitled Denso Solution Corp.
Automotive Starter Motors, Alternators, and Ignitions Market Analysis by Companies
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Automotive Starter Motors, Alternators, and Ignitions Market Segmentation by Sectors
A few of the key sectors in the automotive starter motors, alternators, and ignitions market are gasoline spark plugs, ignition coils, SA-alternators, and SA-starter motors. In 2023, both gasoline spark plugs and ignition coils garnered the highest share of the market.
Automotive Starter Motors, Alternators, and Ignitions Market Analysis by Sectors, 2023 (%)
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Automotive Starter Motors, Alternators, and Ignitions Market - Latest Developments
A few of the latest developments in the automotive starter motors, alternators, and ignitions market are as follows:
- 11th July 2023: NGK may be the new manufacturer of Denso spark plugs.
- 18th January 2023: BorgWarner expanded in Bangalore with inaugural of electric propulsion engineering center. It is planning to reach carbon neutrality by 2035.
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Key Segments Covered in this Report.
Automotive Starter Motors, Alternators, and Ignitions Sector Outlook (Volume, Million Units, 2018-2028)
- Gasoline Spark Plugs and Ignition Coils
- Sa – Alternators
- Sa – Starter Motors
- Others
Automotive Starter Motors, Alternators, and Ignitions Regional Outlook (Volume, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
- Provides an overview of the current key trends, drivers, technologies, and developments that will influence the sector’s growth in the future.
- Provides a regional overview across five regions highlighting industry size, growth drivers, latest developments, and future inhibitors.
Reasons to Buy
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Valeo
SEG Automotive
Mitsubishi
Mitsuba
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive starter motors, alternators, and ignitions market size in 2023?
The automotive starter motors, alternators, and ignitions market size was 710.9 million units in 2023.
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What will the growth rate of automotive starter motors, alternators, and ignitions market be during the forecast period?
- The automotive starter motors, alternators, and ignitions market will record a negative CAGR of more than 2% during 2023-2028.
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Which was the leading sector in the automotive starter motors, alternators, and ignitions market in 2023?
Both gasoline spark plugs and ignition coils were leading sectors in the automotive starter motors, alternators, and ignitions market in 2023.
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Which was the leading region in the automotive starter motors, alternators, and ignitions market in 2023?
Asia-Pacific was leading in the automotive starter motors, alternators, and ignitions market in 2023.
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Which are the key companies operating in the automotive starter motors, alternators, and ignitions market?
The key companies operating in the automotive starter motors, alternators, and ignitions market are SEG Automotive (Bosch), Valeo, Denso, BorgWarner (inc Remy), and Mitsubishi, among others.
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