Automotive Battery Market Overview, Trends, Growth, Demand, Key Players Analysis and Forecast to 2031

New York, Global Automotive Battery Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Battery Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An automotive battery is a battery that supplies electrical energy to a motor vehicle. Also known as a car battery, it is typically composed of six galvanic cells in a plastic housing. Each cell produces about 2.1 volts for a total voltage of 12.6 volts. automotive batteries are usually lead-acid type, which uses lead and lead dioxide in the cells.

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Key Trends

The automotive battery industry is undergoing a period of significant change. The traditional lead-acid battery is being increasingly displaced by newer technologies such as lithium-ion and nickel-metal-hydride.

The main reason for this shift is that lead-acid batteries are not well suited to the demands of modern cars. They are heavy, have a limited capacity, and are not very efficient. Lithium-ion and nickel-metal-hydride batteries are much lighter, can store more energy, and are more efficient.

The other major trend in automotive battery technology is the move away from traditional wet-cell batteries to newer dry-cell batteries. Wet-cell batteries are more prone to leaking and require more maintenance. Dry-cell batteries are sealed and require no maintenance.

The trend towards lighter, more efficient, and easier-to-maintain batteries is likely to continue in the coming years. This will help to make electric and hybrid cars more viable options for consumers.

Key Drivers

There are several key drivers of the automotive battery market.

Firstly, the increasing demand for electric vehicles is driving the need for batteries.

Secondly, the advancement of battery technology is enabling longer range and faster charging times for electric vehicles, making them more viable for consumers.

Finally, government incentives and regulations are encouraging the uptake of electric vehicles, which in turn is boosting the demand for automotive batteries.

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Market Segments

The Automotive Battery Market is segmented by battery type, vehicle type and region. By battery type, the market is divided into lithium-ion based, lead-acid based and others. Based on vehicle type, it is bifurcated into passenger vehicles, electric vehicles and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automotive Battery Market includes players such as Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd. and FIAMM S.p.A.

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