Press release
Automotive Battery Market: 2024 Global Type, Application, Trends, Demand Service, Share, Industry Size, Growth, Region, Opportunities and Forecast to 2031 | Panasonic Corporation, LG Chem, GS Yuasa International Ltd.
Automotive Battery Market || 2024-2031
DataM Intelligence has published a new research report on "Automotive Battery Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.
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The Automotive Battery market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Ongoing research and development are driving advancements in battery technologies, enhancing energy density, safety, charging speed, and overall performance. The introduction of new materials and production methods is expected to lower battery costs and boost adoption in the medium to long term.
Automakers, battery manufacturers, and tech companies are forming strategic partnerships and investing significantly in electric vehicles and battery technologies. For example, in June 2023, Mazda, a Japanese automotive manufacturer, announced a collaboration with Panasonic Corporation to develop lithium-ion batteries for its upcoming electric vehicle lineup.
Key Developments:
In July 2023, Sunwoda, a Chinese battery manufacturer, announced a USD 274.7 million investment to establish a new battery production facility in Hungary. Additionally, Stellantis, a multinational automotive conglomerate, revealed an expansion of its partnership with South Korean tech giant Samsung to construct a second battery plant in the U.S. Meanwhile, the Tata Group, an Indian industrial conglomerate, unveiled plans to invest USD 5 billion in a new battery factory in the UK. These strategic investments highlight the growing commitment of companies to enhance battery production capabilities and meet the increasing demand for electric vehicles.
Forecast Growth Projected:
The Global Automotive Battery Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Automotive Battery Market:
Panasonic Corporation, LG Chem, GS Yuasa International Ltd., Robert Bosch GmBH, Hitachi, Ltd., Exide Industries Ltd., Contemporary Technology Co., Limited, A123 Systems LLC, Samsung SDI Co., Ltd and BYD Motors Inc.
Segment Covered in the Automotive Battery Market:
By Battery: Lead-Acid Batteries, Lithium-Ion Batteries, Others
By Engine: Internal Combustion (IC) Engine, Electric Powertrain
By Ampere Rating: Below 50 Ah, 50-70 Ah, Above 70 Ah
By Vehicle: Passenger Vehicles, Commercial Vehicles
Regional Analysis:
The global Automotive Battery Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Automotive Battery Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Automotive Battery Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Automotive Battery manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Automotive Battery in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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The research study aims to address the following key questions:
➡What is the expected growth rate of the Automotive Battery Market during the forecast period of 2031?
➡What key factors are driving the Automotive Battery Market across various regions?
➡Who are the leading vendors in the Automotive Battery industry, and what strategies contribute to their success?
➡What is the anticipated market scope for the projected period?
➡What major trends are influencing the industry's growth in the coming years?
➡What challenges does the Automotive Battery Market face?
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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