Automotive Battery Market Industry Outlook, Analysis, Future Plans And Growth Factors

Automotive Battery Market Report Overview

Maximize Market Research, a renowned global market intelligence firm, has released its latest report forecasting lucrative growth prospects for suppliers operating in the Automotive Battery Market until 2030. This comprehensive analysis meticulously explores the drivers fueling market expansion, major limitations, imminent challenges, and current opportunities on a global scale within the Automotive Battery Market landscape.

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Automotive Battery Market was valued at US$ 17.98 Bn in 2022 and is expected to grow US$ 23.98 Bn by 2029, at a CAGR of 4.2% during the forecast period.

Automotive Battery Market Report Scope

Delving into prevailing trends within the Automotive Battery Market, the report offers regional insights encompassing demand, supply, sales, and recent market shifts. By spotlighting crucial elements, it delineates key drivers and constraints impacting major players, while emphasizing the competitive landscape and avenues for development. Equipped with the most recent market statistics, the report presents future trajectories, sizes, and emerging trends, enabling stakeholders to identify products and end-users driving revenue growth and profitability. The comprehensive scope covers Company Profiles, Product Specifications, Production Capacity/Sales, Revenue, Pricing, Gross Margin, and Product-specific Sales data.

Automotive Battery Market Regional Analysis

Automotive Battery Region dominated the Automotive Battery Market in 2022 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations drive the Automotive Battery Market growth in the region. The Automotive Battery market report includes a geographic condition of the market, market size and share as well as in-depth research into the business network structure, opportunities, and news updates.

Automotive Battery Market Dynamics:

The rising demand for the automobile industry and stringent emission standards set by several government agencies are the key factors driving the growth of the global market. The new fuel-saving technology, such as micro-hybrid systems is also leading the higher battery usage, the use of lithium-ion batteries is proving quite helpful as they are light in weight and deliver greater efficiency, the demand for transportation, and launch of new hybrid and new electric automotive models are driving the growth of the automotive battery market. Additionally, rising consumer inclination towards zero-emission and low-emission electric and hybrid vehicles, strict government emission standards are driving the electric-powered vehicles sales, which will add significant proportion of the total market by application.

Automotive Battery Market Segmentation

by Battery Type

Lead Acid
Nickel Metal Hybrid
Lithium-Ion
Others

According to the battery type, the lead-acid based segment held the largest market share of 39% of the global automotive battery market. These batteries are mostly used in the automotive for the SLI (Starting, Lighting, and Ignition) applications as they are robust, tolerant to abuse, tried and tested. They are less expensive and simple in manufacturing, capable of high discharge rates, minimal maintenance, and superior starting capacity.

by Vehicle Type

Passenger
Commercial
Electric
Other

In terms of vehicle type, the electric vehicle segment is dominating the market with more 50% shares of the global automotive battery market during the forecast period. Rising numerous electric cars on the road would promote the growth of privately and publicly accessible charging infrastructure. Most electric vehicle batteries are guaranteed for 8–10 years or 160,000 km. Moreover, many automotive battery manufacturing companies are investing severely into the R&D activities, to innovate automotive batteries mainly for electric vehicles.

by Battery Technology

SLI
AGM
Deep Cycle
Wet Cell
Others

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Automotive Battery Market Key Players

1. Johnson Controls International plc.
2. Haldex Incorporated
3. ZF TRW Automotive Holdings Corporation
4. Hitachi Ltd.
5. EnerSys
6. Furukawa Electric Co. Ltd.
7. Leoch International Tech
8. GS Yuasa Corporation
9. Crown Battery Manufacturing Company
10.Exide Industries Limited
11.East Penn Manufacturing Co., Inc.
12.Camel Group Co., Ltd.
13.FIAMM S.p.A.
14.Fengfan Co., Ltd.
15.Douglas Battery
16.Zhejiang Narada Power Source Co. Ltd.
17.Shandong Sacred Sun Power Sources Co., Ltd.
18.Zhejiang Haijiu Battery Co., Ltd.
19.Chaowei Power Holdings Ltd.
20.Robert Bosch GmbH
21.MK Battery
22.Amara Raja Group
23.SANYO Electric Co.,Ltd
24.Hitachi, Ltd.

Table of content for the Automotive Battery Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automotive Battery Market Report

Part 03: Global Automotive Battery Market Landscape

Part 04: Global Automotive Battery Market Sizing

Part 05: Global Automotive Battery Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Questions answered in the Automotive Battery Market Report are:

• What is Automotive Battery Market?
• What is the forecast period of the Automotive Battery Market?
• What will be the CAGR of the Automotive Battery market during the forecast period?
• What is the competitive scenario of the Automotive Battery market?
• Which region held the largest market share in the Automotive Battery Market?
• What are the opportunities for the Automotive Battery Market?
• Wat are the factors restraining the Automotive Battery market growth?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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