Light Vehicle Alternator Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
In modern vehicles, light vehicle alternators are used to charge the battery and control the electrical system while the engine is running. The alternator is one of three main components of an automotive charging device, along with the battery and voltage regulator. It is used to charge the vehicle's electrical equipment, such as the instrument panel, interior, and exterior lights. The light vehicle alternators have same phenomenon that of regular automotive alternators. The only difference is that the light vehicle alternators are used in passenger cars and other alternators are used in all category automotive. Because of the increasing production of passenger cars, light commercial vehicles around the world, the light vehicle alternator market is expected to expand. Furthermore, rising adoption of electric vehicles as a result of various environmental concerns, such as rising CO2 emissions that cause air pollution, is expected to boost demand for alternators.
MARKET DYNAMICS
The light vehicle alternators market is expected to expand over the forecast period, owing to factors such as growing per capita income and rising demand for passenger and other light vehicles in developing regions. Furthermore, the increasing adoption of electric vehicles to minimize carbon emissions is expected to propel the light vehicle alternators market forward. Additionally, technological advancement in automotive industry with development of novel technologies is expected to boost market growth during the forecast period. Whereas, increased production of hybrid cars is expected to restrain market growth.
MARKET SCOPE
The "Global Light vehicle alternator Market Analysis to 2031" is a specialized and in-depth study of the Light vehicle alternator Market with a special focus on the global market trend analysis. The report aims to provide an overview of Light vehicle alternator market with detailed market segmentation by product type and end user. The global light vehicle alternator market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading light vehicle alternator market player and offers key trends and opportunities in the light vehicle alternator market.
MARKET SEGMENTATION
The global light vehicle alternator market is segmented on the basis of product type and end user. On the basis of product type the market is segmented as, salient pole type and smooth cylindrical type. Further, on the basis of end user the market is segmented as, OEM and aftermarket.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global light vehicle alternator market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The light vehicle alternator market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting light vehicle alternator Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the light vehicle alternator market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global light vehicle alternator market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The light vehicle alternator market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting light vehicle alternator Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the light vehicle alternator market in these regions.
MARKET PLAYERS
The reports cover key developments in the light vehicle alternator market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from light vehicle alternator market are anticipated to lucrative growth opportunities in the future with the rising demand for light vehicle alternator market. Below mentioned is the list of few companies engaged in the Light vehicle alternator market.
The report also includes the profiles of key light vehicle alternator market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Valeo
- Mitsubishi Electric Corporation
- Denso Corporation
- HELLA GmbH and Co. KGaA
- Robert Bosch GmbH
- Prestolite Electric Inc
- Hitachi Automotive Systems, Ltd
- Remy International, Inc
- Lucas Industries Ltd
- BorgWarner
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Light Vehicle Alternator Market - By Product Type
1.3.2 Light Vehicle Alternator Market - By End-User
1.3.3 Light Vehicle Alternator Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LIGHT VEHICLE ALTERNATOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. LIGHT VEHICLE ALTERNATOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LIGHT VEHICLE ALTERNATOR MARKET - GLOBAL MARKET ANALYSIS
6.1. LIGHT VEHICLE ALTERNATOR - GLOBAL MARKET OVERVIEW
6.2. LIGHT VEHICLE ALTERNATOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LIGHT VEHICLE ALTERNATOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SALIENT POLE TYPE
7.3.1. Overview
7.3.2. Salient Pole Type Market Forecast and Analysis
7.4. SMOOTH CYLINDRICAL TYPE
7.4.1. Overview
7.4.2. Smooth Cylindrical Type Market Forecast and Analysis
8. LIGHT VEHICLE ALTERNATOR MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. OEM
8.3.1. Overview
8.3.2. OEM Market Forecast and Analysis
8.4. AFTERMARKET
8.4.1. Overview
8.4.2. Aftermarket Market Forecast and Analysis
9. LIGHT VEHICLE ALTERNATOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Light Vehicle Alternator Market Overview
9.1.2 North America Light Vehicle Alternator Market Forecasts and Analysis
9.1.3 North America Light Vehicle Alternator Market Forecasts and Analysis - By Product Type
9.1.4 North America Light Vehicle Alternator Market Forecasts and Analysis - By End-User
9.1.5 North America Light Vehicle Alternator Market Forecasts and Analysis - By Countries
9.1.5.1 United States Light Vehicle Alternator Market
9.1.5.1.1 United States Light Vehicle Alternator Market by Product Type
9.1.5.1.2 United States Light Vehicle Alternator Market by End-User
9.1.5.2 Canada Light Vehicle Alternator Market
9.1.5.2.1 Canada Light Vehicle Alternator Market by Product Type
9.1.5.2.2 Canada Light Vehicle Alternator Market by End-User
9.1.5.3 Mexico Light Vehicle Alternator Market
9.1.5.3.1 Mexico Light Vehicle Alternator Market by Product Type
9.1.5.3.2 Mexico Light Vehicle Alternator Market by End-User
9.2. EUROPE
9.2.1 Europe Light Vehicle Alternator Market Overview
9.2.2 Europe Light Vehicle Alternator Market Forecasts and Analysis
9.2.3 Europe Light Vehicle Alternator Market Forecasts and Analysis - By Product Type
9.2.4 Europe Light Vehicle Alternator Market Forecasts and Analysis - By End-User
9.2.5 Europe Light Vehicle Alternator Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Light Vehicle Alternator Market
9.2.5.1.1 Germany Light Vehicle Alternator Market by Product Type
9.2.5.1.2 Germany Light Vehicle Alternator Market by End-User
9.2.5.2 France Light Vehicle Alternator Market
9.2.5.2.1 France Light Vehicle Alternator Market by Product Type
9.2.5.2.2 France Light Vehicle Alternator Market by End-User
9.2.5.3 Italy Light Vehicle Alternator Market
9.2.5.3.1 Italy Light Vehicle Alternator Market by Product Type
9.2.5.3.2 Italy Light Vehicle Alternator Market by End-User
9.2.5.4 United Kingdom Light Vehicle Alternator Market
9.2.5.4.1 United Kingdom Light Vehicle Alternator Market by Product Type
9.2.5.4.2 United Kingdom Light Vehicle Alternator Market by End-User
9.2.5.5 Russia Light Vehicle Alternator Market
9.2.5.5.1 Russia Light Vehicle Alternator Market by Product Type
9.2.5.5.2 Russia Light Vehicle Alternator Market by End-User
9.2.5.6 Rest of Europe Light Vehicle Alternator Market
9.2.5.6.1 Rest of Europe Light Vehicle Alternator Market by Product Type
9.2.5.6.2 Rest of Europe Light Vehicle Alternator Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Light Vehicle Alternator Market Overview
9.3.2 Asia-Pacific Light Vehicle Alternator Market Forecasts and Analysis
9.3.3 Asia-Pacific Light Vehicle Alternator Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Light Vehicle Alternator Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Light Vehicle Alternator Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Light Vehicle Alternator Market
9.3.5.1.1 Australia Light Vehicle Alternator Market by Product Type
9.3.5.1.2 Australia Light Vehicle Alternator Market by End-User
9.3.5.2 China Light Vehicle Alternator Market
9.3.5.2.1 China Light Vehicle Alternator Market by Product Type
9.3.5.2.2 China Light Vehicle Alternator Market by End-User
9.3.5.3 India Light Vehicle Alternator Market
9.3.5.3.1 India Light Vehicle Alternator Market by Product Type
9.3.5.3.2 India Light Vehicle Alternator Market by End-User
9.3.5.4 Japan Light Vehicle Alternator Market
9.3.5.4.1 Japan Light Vehicle Alternator Market by Product Type
9.3.5.4.2 Japan Light Vehicle Alternator Market by End-User
9.3.5.5 South Korea Light Vehicle Alternator Market
9.3.5.5.1 South Korea Light Vehicle Alternator Market by Product Type
9.3.5.5.2 South Korea Light Vehicle Alternator Market by End-User
9.3.5.6 Rest of Asia-Pacific Light Vehicle Alternator Market
9.3.5.6.1 Rest of Asia-Pacific Light Vehicle Alternator Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Light Vehicle Alternator Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Light Vehicle Alternator Market Overview
9.4.2 Middle East and Africa Light Vehicle Alternator Market Forecasts and Analysis
9.4.3 Middle East and Africa Light Vehicle Alternator Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Light Vehicle Alternator Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Light Vehicle Alternator Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Light Vehicle Alternator Market
9.4.5.1.1 South Africa Light Vehicle Alternator Market by Product Type
9.4.5.1.2 South Africa Light Vehicle Alternator Market by End-User
9.4.5.2 Saudi Arabia Light Vehicle Alternator Market
9.4.5.2.1 Saudi Arabia Light Vehicle Alternator Market by Product Type
9.4.5.2.2 Saudi Arabia Light Vehicle Alternator Market by End-User
9.4.5.3 U.A.E Light Vehicle Alternator Market
9.4.5.3.1 U.A.E Light Vehicle Alternator Market by Product Type
9.4.5.3.2 U.A.E Light Vehicle Alternator Market by End-User
9.4.5.4 Rest of Middle East and Africa Light Vehicle Alternator Market
9.4.5.4.1 Rest of Middle East and Africa Light Vehicle Alternator Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Light Vehicle Alternator Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Light Vehicle Alternator Market Overview
9.5.2 South and Central America Light Vehicle Alternator Market Forecasts and Analysis
9.5.3 South and Central America Light Vehicle Alternator Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Light Vehicle Alternator Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Light Vehicle Alternator Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Light Vehicle Alternator Market
9.5.5.1.1 Brazil Light Vehicle Alternator Market by Product Type
9.5.5.1.2 Brazil Light Vehicle Alternator Market by End-User
9.5.5.2 Argentina Light Vehicle Alternator Market
9.5.5.2.1 Argentina Light Vehicle Alternator Market by Product Type
9.5.5.2.2 Argentina Light Vehicle Alternator Market by End-User
9.5.5.3 Rest of South and Central America Light Vehicle Alternator Market
9.5.5.3.1 Rest of South and Central America Light Vehicle Alternator Market by Product Type
9.5.5.3.2 Rest of South and Central America Light Vehicle Alternator Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LIGHT VEHICLE ALTERNATOR MARKET, KEY COMPANY PROFILES
11.1. VALEO
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MITSUBISHI ELECTRIC CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DENSO CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HELLA GMBH AND CO. KGAA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ROBERT BOSCH GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PRESTOLITE ELECTRIC INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HITACHI AUTOMOTIVE SYSTEMS, LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. REMY INTERNATIONAL, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LUCAS INDUSTRIES LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BORGWARNER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Valeo
2. Mitsubishi Electric Corporation
3. Denso Corporation
4. HELLA GmbH and Co. KGaA
5. Robert Bosch GmbH
6. Prestolite Electric Inc
7. Hitachi Automotive Systems, Ltd
8. Remy International, Inc
9. Lucas Industries Ltd
10. BorgWarner
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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