Automotive Battery Market 2018 Global Industry Size, Share, Growth, and Trends Analysis To 2023

Automotive Battery Market is growing with the rapid pace. Global Automotive Battery market will grow at a rapid pace over the forecast period. Automotive Battery market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 - 2023). Report analyzes Automotive Battery Market by battery type (lead acid, nickel metal hydride, lithium ion, others), vehicle type (passenger vehicles, commercial vehicles) and by Regions forecast to 2023.

Automotive Battery Market Overview:

Automotive battery market has witnessed significant growth in the recent years. With manufacturers significantly investing in the development of automotive components that optimize electricity consumption within the automobile, the automotive battery market is expected to register high growth rate. Rapidly rising demand for electric vehicles, is one of the major driver contributing in the growth of the automotive battery market.

Automotive Battery key companies analyzed:

Johnson Controls International plc.(U.S.), Haldex Incorporated (Sweden), ZF TRW Automotive Holdings Corporation (U.S.), Hitachi Ltd.(Japan), EnerSys (U.S.), Furukawa Electric Co. Ltd. (Japan), Leoch International Tech (China), GS Yuasa Corporation (Japan), Crown Battery Manufacturing Company (U.S.), and Exide Industries Limited (India).

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Increasing demand for electric vehicles will be tasked with enhancing battery performance and extending the capacity of individual batteries. It will also develop techniques for faster recharging. With the advent of technologies such as ADAS, occupant sensing and vehicle connectivity, the demand in the automotive battery is expected to significantly grow, mainly due to the increased requirement of battery power to support such technologies. Increasing demand for passenger vehicles and significant transformation of commercial vehicles to ensure high performance, are expected to propel the demand in the automotive battery market during the forecast period.

The market for automotive battery systems is expected to grow with an increase in demand for automobiles, majorly in the United States and the European region. There is an immense demand of commercial vehicles in the U. S. With the increase in demand of commercial vehicles there is an increase in demand for automotive battery systems market. The growth of the European region is also driven by the presence of major auto manufacturers who are mainly focusing on meeting the increasing demand for both, passenger and commercial vehicles. Owing to all these factors, the growth of the regions is expected to grow at a rapid pace.

Due to the presence of the most populous countries of the world such as China and India, the dominance of APAC in the global automotive battery systems market value becomes evident. Aggressive growth in the Asian automotive market is expected to boost the demand in the automotive battery market in this region. The market has been experiencing rapid growth in the last two years, owing to the rise in sales of passenger cars, emerging economies, shifting of global players and technological advancements. These factors give the much needed thrust to the automotive battery systems market.

Table of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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