Global Automotive Battery Market reach out USD 103.18 billion by 2026, Analysis By Robert Bosch GmbH, MK Battery, Amara Raja Group, Hitachi, Ltd., SANYO Electric Co. Ltd., Okaya Power Pvt. Ltd. Luminous India, Johnson Controls, GS Yuasa International Ltd.

GLOBAL AUTOMOTIVE BATTERY MARKET research report delivers the systematic and comprehensive market research study, along with the facts and figures associated with any subject in the field of marketing. The report also estimates CAGR (compound annual growth rate) values along with its fluctuations for the definite forecast period. Furthermore, this report offers better market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. This market report is the outcome of incessant efforts guided by knowledgeable forecasters, innovative analysts and brilliant researchers.

This GLOBAL AUTOMOTIVE BATTERY MARKET report is structured with the clear understanding of business goals of ABC industry and needs to bridge the gap by delivering the most appropriate and proper solutions. In addition, GLOBAL AUTOMOTIVE BATTERY MARKET research report predicts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, segment type & market application. Market study of GLOBAL AUTOMOTIVE BATTERY MARKET considers a market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness.

Market Analysis:

Global Automotive Battery Market is expected to rise from its initial estimated value of USD 55.87 billion in 2018 to an estimated value of USD 103.18 billion by 2026, registering a CAGR of 7.97% in the forecast period of 2019-2026

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Key Market Competitors:

Few of the major competitors currently working in the automotive battery market are-Johnson Controls, GS Yuasa International Ltd., Exide Technologies., East Penn Manufacturing Company, Camel Group Co, Fengfan Co.,Ltd., FIAMM, ENERSYS., Robert Bosch GmbH, MK Battery., Amara Raja Group, Hitachi, Ltd., SANYO Electric Co., Ltd, Okaya Power Pvt. Ltd., Luminous India, Huawei Technologies Co., Ltd., Chaowel Power Holdings Limited.

Market Definition: Global Automotive Battery Market

Automotive batteries are batteries which supplies electric current to motor vehicle which are usually rechargeable in nature. Lithium- ion, Lead- Acid, Nickel, Sodium- ion are some of the automotive batteries types. They are usually is a 12-volt battery of six cells and is the heart of the car’s electrical system. Its main aim is to start the engine and then the power for electrical system is supplied by alternator.

Key Developments in the Market:

In October 2018, Amara Raja announced the launch of their new set up car battery plant. The capacity will reach 10.8 million units making it one of the largest facilities of its kind in India.

The company signed a technology collaboration agreement with long-time partner Johnson Controls to introduce advanced battery technologies to India enabling higher performance across Starting, Lighting and Ignition (SLI), Enhanced Flooded Batteries (EFB) and
Absorbent Glass Mat (AGM) batteries.

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Segmentation: Global Automotive Battery Market

By Battery Type (Lithium- ion, Lead- Acid, Nickel, Sodium- ion),
By Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle),
By Engine Type (Internal combustion Engine, Electric Vehicles),
By Functions (Electric propulsion, Start, Lighting, Ignition),
By Sales Chanel (OEM, Aftermarket),
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis:

Global automotive battery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive battery market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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