NEW YORK, April 22, 2021 /PRNewswire/ --
Technavio estimates the global automotive alternator slip ring market to grow by USD 87.54 million, progressing at a CAGR of almost 5% during 2021-2025. 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 increasing demand for ICE-based vehicles owing to the low price of crude oil. In addition, the growing popularity of smart alternators will positively influence the growth of the automotive alternator slip ring market.
Automotive Alternator Slip Ring Market: Application Landscape
Based on the application, the market witnessed maximum growth in the passenger cars segment. This can be attributed to the increasing number of electronic systems inside passenger cars. In addition, the growing consumer demand for convenience and safety are compelling automakers to include new electronic features, which is increasing the load on vehicle battery. This, in turn, is necessitating the need to adopt high-output alternators with reliable alternator slip rings to prevent battery power drains. All these factors are fueling the growth of the market in the passenger cars segment during the forecast period.
Automotive Alternator Slip Ring Market: Geography Landscape
63% of the market's growth originated from APAC in 2020. Factors such as the growing demand for automobiles and the rising focus on vehicle efficiency are fueling the growth of the automotive alternator slip ring market in APAC. China, Japan, India, and South Korea (Republic of Korea) are the key markets for automotive alternator slip rings in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.
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Major Five Automotive Alternator Slip Ring Market Vendors:
AS-PL Sp. z o.o.
The company is involved in the manufacturing and marketing of various types of alternators, starters, and components such as alternator parts, ignition system components, bearing and seals, O-rings, brushes, and others. The company offers alternator slip rings such as ASL9001, ASL9002, ASL9006 (BULK), ASL9007, and ASL9008.
Auto Brite International
The company is engaged in manufacturing and distributing slip rings, solenoid parts, and alternator rotors for various brands such as Bosch, Delco, Lucas, Nippon Denso, and others. The company manufactures and offers automotive alternator slip rings such as SR/1001, SR/1002, SR/1003, SR/1004, and SR/1005.
ELECTRAACE
The company manufactures and offers alternator bushes, alternator covers, alternator slip rings, bearing caps, brush boxes, brush holders, gaskets, and others. The company manufactures and offers alternator slip ring for companies such as Bosch, Denso, Nippon Denso, Ford, Hitachi, Motorola, and Valeo.
HELLA GmbH & Co. KGaA
The company provides numerous lighting and electronic components to automobile manufacturers and other tier-1 suppliers globally. The company offers alternator slip rings for mounting on the surface of the alternator rotor.
Maniac Electric Motors
The company manufactures and offers alternator repair kits, bearings, brushes, alternator repair plugs, alternator pulleys, starter solenoids, starter kits, alternator voltage regulators, and others. The company offers alternator slip rings for alternators of Ford, Mitsubishi, Denso, and Bosch.
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Report: www.technavio.com/report/automotive-alternator-slip-ring-market-industry-analysis
SOURCE Technavio
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