Market Share of Automotive Alternator Industry
The market for automotive alternators is dominated mainly by four companies, Denso, Valeo, Mitsubishi Electric, and Hitachi Automotive. Collectively, these companies occupy nearly 80% of the global market. Denso claims to be the market leader in alternators since 1988. The 'others' part of the market is fragmented with the presence of both local and global players.
The market is subject to intense competition, even in the aftermarket segment, where many small companies are coming up with similar offerings. E-tailing and E-commerce are also helping the aftermarket players register considerable sales.
Furthermore, the major players in the market have been involved in cases regarding parts cartels and price fixation to maintain their market share in certain geographical locations. Hence, this has made sure that other players did not occupy a considerable market share in those regions, giving these players a market monopoly.
Automotive Alternator Market Leaders
Denso Corporation
Valeo
Mitsubishi Electric Corporation
Hitachi Automotive Systems Ltd
Hella KGaA Hueck & Co.
*Disclaimer: Major Players sorted in no particular order
