Press release
Growth In Vehicle Boost AGM Batteries For Cars Market: A Key Driver Powering AGM Batteries For Cars Market Growth In 2025
AGM Batteries For Cars Market Size
What Is the Current AGM Batteries For Cars Market Size and Its Estimated Growth Rate?
The AGM batteries for cars market has grown steadily, forecasted to increase from $12.02 billion in 2024 to $12.76 billion in 2025 at a CAGR of 6.1%, attributed to supply chain improvements, rise of hybrid/electric vehicles, consumer expectations, economic shifts, and demand for durable, reliable batteries.
The AGM batteries for cars market is projected to grow to $15.97 billion in 2029, registering a CAGR of 5.8%, supported by vehicle electrification, emissions laws, start-stop tech proliferation, aftermarket upgrades, and government backing. Notable trends include integration with vehicle electronics, EV and hybrid demand, enhanced efficiency, commercial vehicle applications, and eco-friendly focus.
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How Are Emerging Segments Shaping the AGM Batteries For Cars Market Landscape?
The AGM batteries for cars market covered in this report is segmented -
1) By Type: Stationary, Motive
2) By Vehicle Type: Passenger Cars, Electric Cars
3) By Voltage: Less Than 10 Volts, 10 Volts To 12 Volts, Above 12 Volts
4) By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
Subsegments:
1) By Stationary: Backup Power Systems For Cars, Emergency Power Supply (Eps) For Automotive Applications, Automotive Electrical Backup For Hybrid And Electric Vehicles (Evs), Power Supply For Car Audio Systems And Other In-Vehicle Electronics
2) By Motive: Starting, Lighting, And Ignition (Sli) Batteries, Electric Vehicle (Ev) Batteries, Hybrid Vehicle (Hev) Batteries, Electric Start Batteries For Motorcycles And Small Vehicles, High-Performance Agm Batteries For Motorsports And Racing Applications
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Which Growth Factors Are Influencing AGM Batteries For Cars Market Expansion?
The rise of electric vehicles is supporting the AGM batteries for cars market. Electric vehicles are growing in popularity due to environmental concerns and technological improvements. AGM batteries offer reliable and maintenance-free performance in EVs. The Internal Energy Agency reported over 2.3 million electric cars sold in Q1 2023-a 25% increase from Q1 2022-with sales expected to hit 14 million by year-end. Thus, the EV boom is advancing the AGM batteries for cars market.
Who Are the Dominant Players Across Different AGM Batteries For Cars Market Segments?
Major companies operating in the AGM batteries for cars market are Robert Bosch GmbH, GS Yuasa International Ltd., EnerSys, Exide Technologies, East Penn Manufacturing Company, Camel Group Co. Ltd, leoch International Technology Limited Inc, Hollingsworth and Vose, FIAMM Energy Technology S.p.A, C and D Technologies Inc., Shandong Sacred Sun Power Sources Co. ltd., CROWN BATTERY, Power Sonic Corporation, Hokuetsu Corporation, Mutlu Akü, Guangdong Dynavolt Power Technology, Universal Power Group, HOPPECKE Batterien GmbH and Co. KG, Surrette Battery's, Fullriver Battery, Vision Group SpA, Banner Batterien, Deltra Global Private
What Are the Latest Developing Trends in the AGM Batteries For Cars Market?
Companies in the AGM batteries for cars market are launching advanced SLI-AGM batteries to meet modern automotive demands. In July 2024, Exide Industries Ltd. announced the release of an SLI-AGM battery optimized for start-stop systems, offering better power and durability for OEMs, with rollout plans targeting global markets.
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Which Geographic Regions Are Expected to Dominate the AGM Batteries For Cars Market in the Coming Years?
North America was the largest region in the AGM batteries for cars market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AGM batteries for cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AGM Batteries For Cars Market?
2. What is the CAGR expected in the AGM Batteries For Cars Market?
3. What Are the Key Innovations Transforming the AGM Batteries For Cars Industry?
4. Which Region Is Leading the AGM Batteries For Cars Market?
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