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 Overview:
The competitive landscape of the Automotive Battery Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses' focus on the Automotive Battery market.
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Automotive Battery Market Scope:
This Automotive Battery market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Automotive Battery market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Automotive Battery Market Segmentation:
The lead-acid battery category, which accounts for 39% of the worldwide automotive battery market, has the biggest market share by battery type. Because they are durable, abuse-tolerant, tried and tested, and used in the automobile industry for SLI (Starting, Lighting, and Ignition) applications. They can discharge at high rates, need little maintenance, and have better beginning capacity. They are also less expensive and easier to manufacture.
With more than 50% of the worldwide automotive battery market throughout the forecast period, the electric vehicle sector will dominate the market in terms of vehicle type. Increased use of electric vehicles would encourage the development of both privately owned and publicly accessible charging infrastructure. The majority of electric vehicle batteries have an 8–10 year or 160,000 km warranty. In order to develop innovative car batteries, particularly for electric vehicles, numerous automotive battery manufacturing businesses are making significant investments in R&D.
The demand for strong batteries that can travel further on a single charge has increased in recent years due to the significant increase in the sales of electric vehicles. However, the majority of the expensive electric cars on the market today. Due to an increase in the sales of electric vehicles, there has been a considerable rise in the demand for strong batteries in recent years. Longer distances can be travelled using these batteries on a single charge. However, the majority of the electric cars on the market today are rather pricey. For instance, a Nissan Leaf costs less than 30,000 USD, yet a Tesla costs USD 89,000. The Nissan Leaf's battery has a capacity of 24 KWH, compared to the Tesla Model S's 72 KWH.
Global Automotive Battery Market Analysis and Forecast, by Battery Type
Introduction and Definition
Key Findings
Automotive Battery Market Value Share Analysis, by Battery Type
Automotive Battery Market Size (US$ Bn) Forecast, by Battery Type
Automotive Battery Market Analysis, by Battery Type
Automotive Battery Market Attractiveness Analysis, by Battery Type
Global Automotive Battery Market Analysis and Forecast, by Vehicle Type
Introduction and Definition
Key Findings
Automotive Battery Market Value Share Analysis, by Vehicle Type
Automotive Battery Market Size (US$ Bn) Forecast, by Vehicle Type
Automotive Battery Market Analysis, by Vehicle Type
Automotive Battery Market Attractiveness Analysis, by Vehicle Type
Global Automotive Battery Market Analysis and Forecast, by Battery Technology
Introduction and Definition
Key Findings
Automotive Battery Market Value Share Analysis, by Battery Technology
Automotive Battery Market Size (US$ Bn) Forecast, by Battery Technology
Automotive Battery Market Analysis, by Battery Technology
Automotive Battery Market Attractiveness Analysis, by Battery Technology
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Automotive Battery Market Key Players: The following are the key players of the Automotive Battery market-
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.
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Automotive Battery Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Automotive Battery Market: The research also addresses the impact of COVID-19 on the Automotive Battery market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Automotive Battery Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Automotive Battery Market in the next years.
Key Questions Answered in the Automotive Battery Market Report are:
- What will be the CAGR of the Automotive Battery market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Automotive Battery market?
- Which are the prominent players in the Automotive Battery market?
- What key trends are likely to emerge in the Automotive Battery market in the forecast period?
- What will be the Automotive Battery market size by 2027?
- Which company held the largest share in the Automotive Battery market in 2020?
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The Automotive Battery Aftermarket market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Battery Aftermarket Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-battery-aftermarket-market/download-sampleMarket DynamicsThe increasing use of electric vehicles and recyclability of lead-acid batteries is driving the market growth.
The growing demand for absorbent glass mat (AGM) batteries is expected to fuel market growth.
Whereas, increasing focus of OEMs and suppliers on collaborations not only within the industry but also with technology companies is expected to create potential opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
