How big is the Automotive Alternator Market?

The Automotive Alternator Market size is expected to reach USD 24.58 billion in 2024 and grow at a CAGR of 6.70% to reach USD 36.06 billion by 2029. Read More

What is the current Automotive Alternator Market size?

In 2024, the Automotive Alternator Market size is expected to reach USD 24.58 billion. Read More

Who are the key players in Automotive Alternator Market?

Denso Corporation, Valeo, Mitsubishi Electric Corporation, Hitachi Automotive Systems Ltd and Hella KGaA Hueck & Co. are the major companies operating in the Automotive Alternator Market. Read More

Which is the fastest growing region in Automotive Alternator Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Alternator Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Alternator Market. Read More

What years does this Automotive Alternator Market cover, and what was the market size in 2023?

In 2023, the Automotive Alternator Market size was estimated at USD 22.93 billion. The report covers the Automotive Alternator Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Alternator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Alternator Market - Trends, Share & Size

Automotive Alternator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers the Manufacturers Operating in the Automotive Alternator Market. It is Segmented by Powertrain Type (IC Engine Vehicles and Hybrid and Electric Vehicles), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Automotive Alternator Industry Overview

The market for automotive alternators is dominated by four companies, namely Denso, Valeo, Mitsubishi Electric, and Hitachi Automotive. Collectively, these companies occupy nearly 80% of the market worldwide. Denso claims to be the market leader in alternators since 1988. The 'others' part of the market is fragmented with the presence of both local and global players.

The market is subject to intense competition, even in the aftermarket segment, where many small companies are coming up with similar offerings. E-tailing and e-commerce are also helping the aftermarket players register considerable sales.

The major players in the market have been involved in cases regarding parts cartels and price fixation to maintain their market shares in certain geographical locations, ensuring that other players do not occupy a considerable market share in those regions.

May 2023: Dayco expanded its product offering by adding its alternator decoupler pulley (ADP). It announced plans to start production at its state-of-the-art facility in China by mid-2024.
February 2023: BorgWarner announced the spin-off of its Fuel Systems and Aftermarket segments into a new publicly traded company named PHINIA Inc. Focusing heavily on alternators, PHINIA aims to lead in providing reliable and efficient power generation solutions across commercial, light vehicle, and aftermarket segments.
September 2022: STMicroelectronics introduced the L9918 automotive alternator regulator to enhance 12V vehicle electrical systems. The regulator's MOSFET can deliver up to 13A to the alternator coil, with integrated non-volatile memory to program voltage set points and alternator characteristics. It includes a LIN bus interface for easy ECU connection that complies with VDA specifications.