DUBLIN–(BUSINESS WIRE)–The “Automotive Alternator Market – Growth, Trends, and Forecast (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.
The automotive alternator market is expected to register a CAGR of over 6.02%, during the forecast period, 2020 – 2025.
The growing demand for hybrid powertrain systems in vehicles and stringent emission norms are the major factors propelling the automotive alternator market during the forecast period. As the technology and stringent emission are growing, original equipment manufacturers (OEMs) are likely to shift more toward electric vehicles, which can slightly restrain the market growth in the near future. The Asia-Pacific region is expected to continue to capture a major share in the market during the forecast period, owing to the increasing vehicle sales, majorly from China, Japan, and India. Major vehicle manufacturers have their manufacturing units in this region to capture high demand in the market.
Key Market Trends