Automotive Battery Market Sector EV Boom To 2031 | Robert Bosch GmBH, Hitachi, Ltd., Exide Industries Ltd, Samsung SDI Co., Ltd and BYD Motors Inc.

Global Automotive Battery Market reached USD 65.2 billion in 2022 and is expected to reach USD 100.0 billion by 2031, growing with a CAGR of 5.5% during the forecast period 2024-2031. During the forecast period, advances in battery materials and development of new battery chemistries is likely to propel global market growth.

The Automotive Battery Market Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Automotive Battery Market market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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An automotive battery is a rechargeable power source used in vehicles to start the engine and operate electrical systems such as lighting, infotainment, and driver-assistance features. Traditionally based on lead-acid chemistry and increasingly using lithium-ion technology, these batteries play a critical role in both internal combustion engine (ICE) vehicles and electric vehicles (EVs). With the growing demand for electric mobility and advanced in-vehicle electronics, the automotive battery market is expanding rapidly, driven by technological innovation, rising vehicle production, and environmental regulations.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

Panasonic Corporation, LG Chem, GS Yuasa International Ltd., Robert Bosch GmBH, Hitachi, Ltd., Exide Industries Ltd., A123 Systems LLC, Samsung SDI Co., Ltd and BYD Motors Inc.

Key Developments:

◆ In July 2023, Sunwoda, a Chinese battery manufacturing company announced an investment of USD 274.7 million to build a new battery production facility in Hungary.

◆ In July 2023, Stellantis, a multinational automotive manufacturing conglomerate announced an expansion of its partnership with Samsung, the South Korean tech conglomerate, to build a second battery plant in U.S.

◆ In July 2023, the Tata Group, an Indian industrial conglomerate, announced plans to invest USD 5 billion in a new battery factory in UK

Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Automotive Battery Market market has been segmented

> 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

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Research Process

Both primary and secondary data sources have been used in the global Automotive Battery Market Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Automotive Battery Market Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**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**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Automotive Battery Market market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Automotive Battery Market Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Automotive Battery Market market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Automotive Battery Market Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Automotive Battery Market market?

➠ Who are the global key manufacturers of the Automotive Battery Market Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Automotive Battery Market market opportunities and threats faced by the vendors in the global Automotive Battery Market Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Automotive Battery Market market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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