The analysts forecast the global automotive alternator market to grow at a CAGR of 3.70% during the period 2017-2021.
The report, Global Automotive Alternator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in market is growing preference for MHCVs for transporting freight. In emerging countries, such as China and India, there is a growing preference for road transportation. The subsequent increase in the use of heavy, medium, and light-duty vehicles are likely to reduce the share of rail being used for transport. In China, traffic congestions are caused due to heavy-duty trucks transporting goods from inner Mongolia to Beijing.
One of the main reasons for opting road transport for transporting cargo is the limited number of rail freight services within the country. The lack of sufficient freight services is causing companies to choose roadways as a reliable mode of transportation for their products. Heavy, medium, and light-duty vehicles are used extensively for transporting cargo in China. There has been a subsequent decline of about 10.5% volume of rail freight year-on-year, amounting to 3.4 billion tons in 2015. In 2014, there was a fall of 4.7% in the volume of rail freight.
Other prominent vendors
- Controlled Power Technologies (CPT)
- Growing preference for MHCVs for transporting freight.
- Increasing government regulations for owning cars
- Rise in car-sharing services
- Escalation in number of on-demand taxi operators
- Penetration of smart charging alternators
- Upgrade to 48V electrical architecture
- OEMs launching compact and microcars with inflated engine capacity and advanced features
For more information about this report visit http://www.researchandmarkets.com/research/k2g3r7/global_automotive