Automotive Battery Market Analysis: Trends and Growth Factors

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 Report Scope and Research Methodology

Report Scope

This report offers a comprehensive analysis of the Automotive Battery market, encompassing market values, scope, research methodology, drivers, restraints, and regional insights. It aims to provide stakeholders with a deep understanding of the market dynamics and opportunities.

Research Methodology

The base year for this report is 2022, with market projections extending from 2023 to 2029. The analysis is based on real market data, taking into account trends over the past five years, including the unique challenges posed in 2020 due to the COVID-19 pandemic.

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What are Automotive Battery Market Dynamics?

Key factors driving the global Automotive Battery market include the increasing demand for automobiles and the stringent emission standards enforced by government agencies worldwide. Advancements in fuel-saving technologies like micro-hybrid systems have led to higher battery usage. Lithium-ion batteries, known for their lightweight and efficiency, are gaining popularity, particularly in transportation. The launch of new hybrid and electric automotive models and the growing consumer preference for zero-emission and low-emission electric vehicles further boost the market. Additionally, investments in fuel cell-based automobiles and nanotechnology-based lithium batteries offer growth opportunities for industry leaders.

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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.

by Battery Type

Lead Acid
Nickel Metal Hybrid
Lithium-Ion
Others

by Vehicle Type

Passenger
Commercial
Electric
Other

by Battery Technology

SLI
AGM
Deep Cycle
Wet Cell
Others

Who are Automotive Battery Market Key Players?

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

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Table of Content: Automotive Battery Market

Part 01: Executive Summary

Part 02: Scope of the Automotive Battery Market Report

Part 03: Global Automotive Battery Market Landscape

Part 04: Global Automotive Battery Market Sizing

Part 05: Global Automotive Battery Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

The Asia Pacific region is experiencing the fastest growth in the Automotive Battery market, driven by demand from rapidly growing economies like Japan and India. Japan, with its large population base and increasing vehicle demand, leads the market in Asia. The availability of low-cost labor, abundant raw materials, and components further contribute to Japan's automotive battery market.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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