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Technavio has announced its latest market research report titled Global Automotive Alternator Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Alternator Market 2020-2024 (Graphic: Business Wire)

  • Technavio has announced its latest market research report titled Global Automotive Alternator Market 2020-2024 (Graphic: Business Wire)

    Technavio has announced its latest market research report titled Global Automotive Alternator Market 2020-2024 (Graphic: Business Wire)

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LONDON--(BUSINESS WIRE)--Technavio estimates the global automotive alternator market to grow by USD 1.04 billion, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The market is driven by the rising use of electronic components in vehicles. In addition, the emergence of smart alternators is expected to positively influence the growth of the market over the forecast period.

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Automotive Alternator Market: Application Landscape

Based on the product, the market saw maximum growth in the passenger cars segment. The segment is driven by the rising focus on the adoption of 48V electrical systems in passenger cars. The market growth in the segment will be significant over the forecast period.

Automotive Alternator Market: Geography Landscape

73% of the market’s growth originated from APAC in 2019. Factors such as the rising stringency of emission regulations and safety standards and the increasing sales of passenger cars are driving the growth of the market in APAC.

China and India are the key markets for automotive alternator in APAC.

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Major Three Automotive Alternator Market Vendors:

BBB Industries LLC

BBB Industries LLC operates its business through segments such as Starters, Alternators, Steering Gears, Steering Pumps, Rack and Pinion, Brake Calipers, and Turbochargers. The company offers OE alternators and remanufactured alternators for passenger cars, LCVs, and M and HCVs.

BorgWarner Inc.

BorgWarner Inc. operates its business through segments such as Engine and Drivetrain. The company offers light vehicle alternator and commercial vehicle alternator.

DENSO Corp.

DENSO Corp. operates its business through segments such as Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Systems, Electronic Systems, and Non-Automotive Businesses (Factory Automation and Agriculture). The company offers automotive alternators such as segment conductor alternator that uses rectangular conductor for its stator coil.

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Related Reports on Consumer Discretionary Include:

Global Automotive Solenoid Market – Global automotive solenoid market is segmented by application (engine and control systems, chassis, safety, and security systems, HVAC, body controls, and interiors, and fuel emission control systems) and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Automotive Speed Sensor Market – Global automotive speed sensor market is segmented by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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