Publisher recognizes the following companies as the key players in the Automotive Alternator Market in the APAC Region: Bosch Corp., Denso Corp., Hella KGaA Hueck & Co. and Mitsubishi Electric Corp.
Other Prominent Vendors in the market are: Hitachi, Letrika Suzhou, Lucas, Prestolite Electric, Remy International, Valeo, Wonder Auto Technology, Yuanzhou and Zhejiang Dehong Automotive Electronic & Electrical.
Commenting on the report, an analyst from Publisher’s team said: Advances in technology in alternators is one key trend that has been prevalent in the Automotive Alternator market in the APAC region. With the rise in disposable incomes, demand for luxury cars has increased. These cars are equipped with high-quality components that require a lot of electricity. This has led to the development of alternators that have a high power output.
According to the report, the Automotive Alternator market in the APAC region has taken center stage because of the rise in use of electronic components in automobiles, which is proving to be beneficial for the market. Advances in technology have ensured the development of efficient alternators and also led to the development of high-output alternators that are in demand for customized cars, luxury cars, and high-performance cars.
Further, the report states that rising raw material prices is one of the major challenges faced by vendors in this market. Prices of raw materials such as metals, which are used in the manufacturing of alternators, have increased and are affecting the profitability of alternator manufacturing companies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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