London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Automotive Alternator Market in the APAC Region 2015-2019, which is expected to grow at a CAGR of 6.17 percent during the forecast period of 2014-2019.
Automotive alternators support a vehicle’s battery to generate power for the electrical components of the vehicle. The electrical components present in a vehicle typically include interior and exterior lights and instrument panels. The Automotive Alternator market is gaining momentum in many countries of the APAC region because of an increase in total vehicle demand.
“Consumers are impressed by the benefits associated with buying alternators online, such as saving both time and cost, being able to compare prices, and finding reasonably priced alternators,” says Faisal Ghaus, Vice President of TechNavio.
“The wide variety and availability of alternators, multiple payment options, and quick delivery to the required location are some of the other benefits associated with online purchases.”
Key Market Drivers
- Rise in Demand for Automobiles
- Availability of Rugged and Inexpensive Alternators
- Use of Electronic Components
Key Market Trends
- Advances in Technology
- Growing Demand for Luxury Cars
- Increase in Online Purchase
Key Market Vendors
- Bosch Corp.
- Denso Corp.
- Hella KGaA Hueck & Co.
- Mitsubishi Electric Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
