Strategic Forecast for the AGM Batteries For Cars Industry: Market Outlook 2025-2034

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AGM Batteries For Cars Market Size Growth Forecast: What to Expect by 2025?
The market size for AGM batteries used in automobiles has witnessed substantial growth in the past few years. It is projected to escalate from $12.02 billion in 2024 to $12.76 billion in 2025, marking a compound annual growth rate (CAGR) of 6.1%. The impressive growth observed in the historic period can be explained by advancements in the global supply chain, the popularity of hybrid and electric vehicles, consumer likes and dislikes, economic elements, and the demands for reliability and durability.

How Will the AGM Batteries For Cars Market Size Evolve and Grow by 2029?
The market size for AGM batteries for cars is set to witness robust growth in the coming years, expanding to a significant $15.97 billion by 2029 with a CAGR of 5.8%. The upcoming growth in this period can be accredited to the evolution of vehicular electrification, strict emission norms, the proliferation of start-stop system installations, the rise in aftermarket services and enhancements, and the support introduced by various governments. Notable trends for this forecast period involve progressing interactions with sophisticated vehicle electronics, speeding growth in EVs and hybrid models, improved performance and efficiency, advancement in applications for commercial vehicles, and a growing emphasis on green sustainability.

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What Drivers Are Propelling the Growth of AGM Batteries For Cars Market Forward?
The rise in electric vehicles is projected to boost the AGM batteries for cars market in the foreseeable future. An electric vehicle (EV) is a car driven by an electric motor that uses energy stored in batteries, which are a more environmentally friendly option than conventional internal combustion engine vehicles. Electric vehicles' growth is attributed to several factors, such as escalating environmental concerns, governmental incentives for greener transportation methods, progress in battery technologies making it feasible for electric vehicles, and a push for energy autonomy. AGM batteries in electric vehicles offer a benefit of not needing maintenance and elevated safety, even though they have less energy density than lithium-ion batteries. For example, the Internal Energy Agency, an autonomous intergovernmental organization based in France, reported that over 2.3 million electric cars were purchased in the first quarter of 2023, marking a 25% surge from the comparable period the preceding year. By the final quarter of 2023, the sales are forecasted to hit 14 million, signifying a 35% year-on-year growth, with the expansion expected to speed up in the second half of the year. Consequently, the electric vehicles' expansion is stimulating the AGM batteries for cars market's growth.

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Which Emerging Trends Are Transforming the AGM Batteries For Cars Market in 2025?
Key players in the AGM batteries for cars market are making strides in providing innovative solutions, such as the cutting-edge SLI-AGM battery for automobiles, to cater to numerous industry requirements. The sophisticated SLI-AGM battery plays a crucial role in car use, providing power for engine starts, lights, and accessories, and is superbly suited to stop-start systems and a range of vehicle models. To illustrate, in July 2024, Exide Industries Ltd, an Indian battery firm, unveiled a revolutionary Absorbent Glass Mat (AGM) battery, specifically crafted for starting, lighting and ignition (SLI) applications in the automotive sector. The goal of this fresh SLI-AGM battery is to deliver superior starting power, improved durability, and potentially extended lifespan compared to conventional lead-acid batteries. The launch of these AGM batteries is in tune with the growing demand from original equipment manufacturers (OEMs) for high-quality battery solutions, especially for modern vehicles furnished with power-efficient technologies like regenerative braking. Exide is in the final stages of readiness for this launch, which will aim at both local and international markets, underlining its dedication to fulfilling changing automotive battery demands.

What Are the Key Segments in the AGM Batteries For Cars Market?
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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Who Are the Key Players Shaping the AGM Batteries For Cars Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the AGM Batteries For Cars Market?
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.

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