Automotive Battery Market Growth and Upcoming Trends Forecast to 2029

Automotive Battery Market Report Overview

The report provides an analysis of both the current and future conditions in the Automotive Battery market, delivering valuable insights and the latest information across essential segments. Within the context of the Automotive Battery market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Automotive Battery market, including the projected Automotive Battery sales during the forecast period.

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

The primary goal of the Automotive Battery market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Automotive Battery market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Automotive Battery market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Automotive Battery market entrants. Moreover, the global report for the Automotive Battery market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.

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Automotive Battery Market Regional Insights

North America dominated the global air leak testing market in terms of value. The existence of well-established market participants accounts for the high market share. The air leakage test market is predicted to rise in North America as the automotive sector expands.

The Asia Pacific air leak testing market is predicted to increase due to rising urbanisation and industrialization and growth in the automotive industry and transportation due to the region's growing population. The Asia Pacific air leak testing market is likely fueled by growing government regulations to decrease pollution, higher quality standards, and increased energy efficiency.

Automotive Battery Market Segmentation

by Battery Type

Lead Acid
Nickel Metal Hybrid
Lithium-Ion
Others

the lead-acid based segment held the largest market share of 39% of the global automotive battery market. These batteries are mostly used in the automotive for the SLI (Starting, Lighting, and Ignition) applications as they are robust, tolerant to abuse, tried and tested. They are less expensive and simple in manufacturing, capable of high discharge rates, minimal maintenance, and superior starting capacity.

by Vehicle Type

Passenger
Commercial
Electric
Other

the electric vehicle segment is dominating the market with more 50% shares of the global automotive battery market during the forecast period. Rising numerous electric cars on the road would promote the growth of privately and publicly accessible charging infrastructure. Most electric vehicle batteries are guaranteed for 8-10 years or 160,000 km. Moreover, many automotive battery manufacturing companies are investing severely into the R&D activities, to innovate automotive batteries mainly for electric vehicles.

by Battery Technology

SLI
AGM
Deep Cycle
Wet Cell
Others

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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
21.MK Battery
22.Amara Raja Group
23.SANYO Electric Co.,Ltd
24.Hitachi, Ltd.

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Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segments and their sub-segments
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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