Automotive Battery Market Will Grow To Reach $109.12 Billion by 2026, at CAGR of 8.5% | Global Key Players – VARTA, Delphi Automotive, China Aviation Lithium, Exide, Panasonic, A123 Systems

Marketprognosis.com Publish a New Market Research Report On “Automotive Battery - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Automotive Battery Market:

The Global Automotive Battery Market is accounted for $52.01 Billion in 2017 and expected to grow at a CAGR of 8.5% to reach $109.12 Billion by 2026. Factors such as increasing demand for transportation, rapid expansion in the automotive industry, large-scale availability of batteries in various sizes and specifications, stringent government initiatives for electric vehicles and growing consumer preference for pollution-free electric and hybrid vehicles are fuelling the market growth. However, fluctuating raw materials prices of nickel and lead are one of the major factors hampering the market growth.

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On the basis of Battery, Lithium Ion segment held significant growth rate due to continuous efforts by automotive manufacturers to produce more vehicles with electric drive trains and plug-in hybrid vehicles.

Geographically, Asia Pacific has registered the largest market share followed by North America during the forecast period owing to the growing demand for automotive applications in countries such as India and South Korea, high sales of commercial cars, passenger cars, and motorcycles, growing infrastructure and rising disposable incomes of people in Indonesia, Malaysia, Thailand and Philippines regions.

Major Key Players:

1 Automotive Energy Supply Corporation

2 VARTA

3 Delphi Automotive

4 China Aviation Lithium

5 Exide

6 Amara Raja Batteries

7 A123 Systems

8 East Penn Manufacturing Co.

9 Panasonic Corporation and More……….

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Market Segment by Battery types:

1 Lithium Ion (LI-Ion)

2 Lead Acid

3 Nickel Metal Hydride (NI-MH)

4 Gasoline

5 Nickel-cadmium and Others

Market Segment by Vehicles:

1 Electric vehicle

2 Commercial vehicles

3 Premium Vehicle

4 Passenger vehicles

5 Compact Vehicle

6 Luxury Vehicle

7 Mid-Sized Vehicle

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Battery Market.

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This release was published on openPR.