Press release
Automotive Battery Market 2016 to grow at a CAGR of 5.38% during the period to 2020
Global Automotive Battery market to grow at a CAGR of 5.38% over the period 2014-2019.
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The start-stop battery system has enabled better fuel efficiency and is one of the key trends being witnessed in this market. The start-stop system has become the best available solution to create efficiency and conserve energy in vehicles. The system reduces idling time by automatically starting and stopping the ICE in automobiles, which results in low fuel consumption and emissions.
Advances in technology have led to an upsurge in the integration of infotainment and ambient lighting systems that run on battery power in entry level vehicles as well. The increase in the use of such systems in many different types of vehicles is expected to have a positive impact on the growth of the Global Automotive Battery market.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Automotive Battery market for the period 2015-2019. The market size is accessed on the basis of number of SLI batteries that are used in passenger cars, LCV, HCV, and buses, while market value is calculated on the basis of aftermarket price of batteries.
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Global Automotive Battery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the AAPC and EMEA regions; it also covers the Global Automotive Battery market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Regions
Americas
APAC
EMEA
Key Vendors
Camel Group
East Penn Manufacturing
Exide Technologies
GS Yuasa
Johnson Controls
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Other Prominent Vendors
Fengfan
Hitachi
Huawei
Shandong Sacred Sun Power Sources
The Furukawa Battery
Zhejiang Haijiu Battery
Zhejiang Narada Power Source
Increasing demand for automobiles directly affects the demand for automotive batteries at the original equipment manufacturer level. The demand for batteries in the aftermarket drives the demand for automotive batteries. Moreover, in terms of revenue, lead-acid batteries dominate the Global Automotive Battery market because of their adoption by automobile manufacturers globally.
“Battery integrators, cell manufacturers, and vehicle manufacturers are increasingly entering into joint ventures and partnerships to develop innovative battery technologies,”.
“Moreover, mergers and acquisitions are taking place between various cell manufacturers/battery electronics suppliers and vehicle manufacturers.”
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