PUBLISHER: The Business Research Company | PRODUCT CODE: 1556204
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556204
An automotive hybrid starter generator (HSG) is a component used in hybrid and mild hybrid vehicles to improve engine start/stop functionality and enhance overall vehicle efficiency. It plays a crucial role in modern hybrid vehicles by combining starter and generator functions, supporting start-stop systems, enabling regenerative braking, and boosting vehicle efficiency and performance.
The main types of automotive hybrid starter generators include 12-volt, 48-volt, and other configurations. A 12-volt hybrid starter generator is a compact system that integrates the roles of both starter and generator to enhance fuel efficiency and reduce emissions in hybrid vehicles. It comprises components such as an electric motor or generator, a power electronic controller, and a battery, and it can offer varying power levels, low (up to 15 kW), medium (15-30 kW), and high (above 30 kW). These systems are used in passenger cars, light commercial vehicles, and heavy commercial vehicles.
The automotive hybrid starter generators market research report is one of a series of new reports from The Business Research Company that provides automotive hybrid starter generators market statistics, including automotive hybrid starter generators industry global market size, regional shares, competitors with a automotive hybrid starter generators market share, detailed automotive hybrid starter generators market segments, market trends and opportunities, and any further data you may need to thrive in the automotive hybrid starter generators industry. This automotive hybrid starter generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive hybrid starter generator market size has grown strongly in recent years. It will grow from $16.58 billion in 2023 to $17.5 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth during the historic period can be attributed to urbanization and traffic congestion, rising consumer awareness, increasing demand for fuel-efficient vehicles, heightened awareness of air quality issues, and the expansion of infrastructure for hybrid and electric vehicles.
The automotive hybrid starter generator market size is expected to see strong growth in the next few years. It will grow to $21.84 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to rising disposable income, increased market penetration of hybrid vehicles, the expansion of aftermarket services for hybrids, growing awareness of environmental impacts, and the broader trend toward electrification in the automotive industry. Major trends during this period include a heightened demand for research and development, innovations in hybrid technologies, partnerships between public and private sectors, customization and flexibility, and advancements in lightweight vehicle materials.
The expansion of the automotive industry is expected to drive the growth of the automotive hybrid starter generator market. The automotive industry encompasses the design, development, manufacturing, marketing, and sale of motor vehicles. This sector is growing due to evolving consumer preferences, economic factors, regulatory and policy support, globalization and trade, and innovations in manufacturing. Hybrid starter generators are crucial for enhancing fuel efficiency, reducing emissions, and enabling seamless start-stop and regenerative braking functions in hybrid vehicles. For example, in February 2024, the Society of Motor Manufacturers and Traders, a UK-based trade association, reported a 21.0% increase in British car manufacturing output in January, reaching 82,997 units. Export volumes rose by 11.6%, domestic production soared 64.5%, and production of electrified vehicles grew 4.5% to 29,590 units. This growth in the automotive industry is fueling the demand for hybrid starter generators.
Leading companies in the automotive hybrid starter generator market are advancing technologies such as integrated belt-driven starter generators to improve efficiency, reduce emissions, and enhance vehicle performance. An integrated belt-driven starter generator (BSG) combines the functions of a starter motor and a generator into one unit for hybrid and mild hybrid vehicle systems. For example, in March 2022, Nexteer Automotive, a US-based company specializing in automotive components, introduced the 48-volt Integrated Belt-Driven Starter Generator (iBSG). This component is designed to improve vehicle efficiency and performance, particularly in mild hybrid systems, by replacing traditional alternators. It functions as a reversible starter generator that captures kinetic energy during deceleration and reuses it during acceleration.
In February 2021, Dayco, a US-based manufacturer of automotive hybrid starter generators, collaborated with Maserati to enhance hybrid technology. The partnership led to the development of a custom solution for Maserati's mild-hybrid electric vehicle (MHEV) engine in the Ghibli Hybrid. This solution includes a complete belt-integrated starter generator (BSG) hybrid system, also known as the P0 architecture. Maserati is an Italy-based automobile manufacturer.
Major companies operating in the automotive hybrid starter generator market are Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo, Parker Hannifin Corporation, Nidec Corporation, Schaeffler AG, TRW Automotive, BorgWarner Inc., Hella GmbH & Co. KGaA, Rheinmetall Automotive AG, GKN Automotive Ltd., Mando Corporation, SEG Automotive, Dayco Ip Holdings LLC, Mahle GmbH, IAV Automotive Engineering, Maserati Inc., Delphi Technologies, Magneti Marelli
North America was the largest region in the automotive hybrid starter generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hybrid starter generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive hybrid starter generator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automotive hybrid starter generator market consists of sales of belt-driven starter generators, integrated starter generators, motor-generator units, and regenerative braking systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Hybrid Starter Generator Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive hybrid starter generator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive hybrid starter generator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive hybrid starter generator market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.