The global automotive alternator and starter motor market was valued at USD 34.18 Billion in 2024 and is expected to grow at a CAGR of 4.80% during the forecast period of 2025-2034 to reach a value of USD 54.62 Billion. The market growth is driven by the rising automotive industry and the growing vehicle production across the globe.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.8%
Value in USD Billion
2025-2034
*this image is indicative*
| Global Automotive Alternator and Starter Motor Market Report Summary | Description | Value |
| Base Year | USD Billion | 2024 |
| Historical Period | USD Billion | 2018-2024 |
| Forecast Period | USD Billion | 2025-2034 |
| Market Size 2024 | USD Billion | 34.18 |
| Market Size 2034 | USD Billion | 54.62 |
| CAGR 2018-2024 | Percentage | XX% |
| CAGR 2025-2034 | Percentage | 4.80% |
| CAGR 2025-2034- Market by Region | Asia Pacific | 5.4% |
| CAGR 2025-2034 - Market by Country | India | 5.5% |
| CAGR 2025-2034 - Market by Country | China | 5.3% |
| CAGR 2025-2034 - Market by By Product Type | Alternator | 5.2% |
| CAGR 2025-2034 - Market by By Technology | Integrated Starter Generator (ISG) | 5.6% |
| Market Share by Country 2024 | Australia | 2.2% |
The Asia Pacific region is estimated to be one of the largest automotive starter motor and alternator markets. The vast population base associated with economic labour, low production costs, and lenient regulations provide enormous opportunities to automakers. Factors like growing vehicle production and sales, growing population, increasing disposable income, and increasing demand for vehicle electrification are driving the market growth in the region. Countries such as India, China, and Japan, are anticipated to exhibit a faster growth rate as compared to other countries in the region. Also, major automotive manufacturers are expanding their production facilities in Asian countries, and this factor is opening a gateway of opportunities for domestic and foreign vendors.
On the other hand, the North American region is anticipated to grow significantly during the forecast period. The market for the product in the North American region is mainly expanding on the back of the rising sale of vehicles in the region, coupled with continuous investment in this market. Furthermore, the high disposable income of the population is believed to positively impact the growth of the automotive starter and alternator market during the forecast period.
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An automotive starter is a component used to turn on an internal combustion engine and is responsible for its operation when it is running on its power. On the other hand, alternators are the automobile components used to charge the battery and power the electrical system. The alternator powers the vehicle's ignition, electronics, and lights and charges the battery.
Market Breakup by Product
Market Breakup by Technology
Market Breakup by Starter Motor Type
Market Breakup by Vehicle Type
Market Breakup by Sales Channel
Market Breakup by Region
| CAGR 2025-2034- Market by | Region |
| Asia Pacific | 5.4% |
| North America | 4.6% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
An increase in the production and sale of vehicles is expected to drive the growth of the automotive alternator and starter motor industry. Another factor propelling the demand for starting motors and alternators is the increasing involvement of electrical and electronics components in vehicles, which require more power. Some other factors include the growing demand for vehicles, rising population, increasing disposable income, and rapid urbanisation, which are making headway in the global automotive starter and alternator market growth. In the years ahead, rising automotive spending in emerging economies, including India, is expected to open a new opportunity for the global automotive starter and alternator industry. Consumers' growing willingness to spend more on automobiles encourages manufacturers to invest more in research and development and the creation of innovative automotive parts. Moreover, the increasing adoption of electric vehicles due to environmental concerns, such as rising air pollution, is further anticipated to escalate the demand for automotive starter and alternator market during the forecast period. Increasing preference for lightweight and fuel-efficient vehicles is further projected to escalate the demand for automotive starters and alternators soon.
The report gives a detailed analysis of the following key players in the global automotive alternator and starter motor industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive alternator and starter motor market is projected to grow at a CAGR of 4.80% between 2025 and 2034.
The major drivers of the market include the growing investment, increasing demand for vehicles, rising population, increasing disposable income, rapid urbanisation, rising automotive spending, growing willingness to spend more on automobiles, and increasing preference for lightweight and fuel-efficient vehicles.
An increase in the production and sale of vehicles and increasing involvement of electrical and electronics components in vehicles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products include a starter motor and alternator.
Based on technology, the market is divided into belt alternator starter (BAS), enhanced starter, direct-start, and integrated starter generator (ISG).
The different types of starter motors are electric, pneumatic, and hydraulic, among others.
Based on vehicle type, the market is divided into passenger vehicles and commercial vehicles. Commercial vehicles are further divided into light commercial vehicles and heavy commercial vehicles.
The different sales channels in the market are OEMs and aftermarket.
The major players in the industry are Robert Bosch GmbH, DENSO Corporation, Mitsuba Corporation, Lucas TVS Limited, and Mitsubishi Electric Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by Starter Motor Type |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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