Car Batteries Market Landscape 2025: Forecast Data and Growth Strategy Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Car Batteries Market Through 2025?
The market for car batteries has seen considerable expansion in the past few years. Predictions show an increase from $24.48 billion in 2024 to $26.01 billion in 2025, representing a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this development during the previous period include the surging popularity of hybrid vehicles, heightened requirement for automotive batteries and lead-acid batteries, emergence of deep cycle and gel batteries, as well as an intensified focus on battery recycling.

What's the Projected Size of the Global Car Batteries Market by 2029?
It is anticipated that the car batteries market will witness significant expansion in the upcoming years, growing to a size of $32.71 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%. The surge in the forecasted period is largely due to factors such as the global upswing in demand for electric vehicles, growing need for stationary energy storage systems, rising consumer awareness, and the improved energy density and range. The prediction period also projects major trends like increased use of lithium-ion batteries, the advancement of progressive lead-acid batteries, the incorporation of intelligent battery management systems, the emergence of fast-charging capabilities, and enhanced emphasis on sustainable practices seen in the evolution of battery recycling technologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/car-batteries-global-market-report

Top Growth Drivers in the Car Batteries Industry: What's Accelerating the Market?
The escalating interest in electric vehicles is anticipated to spur the expansion of the car battery market. Electric Vehicles (EVs), automobiles powered completely or partially by electricity preserved in batteries, are growing in popularity due to their ecological merits and reduced operating expenses, making them an attractive option for both individuals and corporations. Car batteries provide the primary energy for propulsion, aid auxiliary systems, support regenerative braking, and maintain overall vehicle functionality and safety in electric vehicles. As per the Global EV Outlook 2023 report issued by the International Energy Agency, a France-based autonomous intergovernmental organization, in April 2024, electric car sales soared by 3.5 million in 2023, a surge of 35% from the previous year. Therefore, the rising demand for electric vehicles is fuelling the growth of the car battery market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17109&type=smp

What Trends Will Shape the Car Batteries Market Through 2029 and Beyond?
Leading enterprises in the car battery marketplace are honing in on the development of breakthrough products like super-fast charging lithium iron phosphate (LFP) batteries. This focus is designed to sharpen performance and satisfy customer requirements. An LFP car battery, with its fast-charging design, uses lithium iron phosphate to improve safety, lifespan, and thermal stability, qualities that perfectly serve electric vehicles. Take for example, in August 2023, Contemporary Amp Technology Co., Limited (CATL), a China-based, battery producer, introduced Shenxing, the first-ever 4C extremely fast charging LFP battery on a global scale. This 4C fast-charging LFP battery, the first of its kind, gives a 400 km range on just a 10-minute charge and extends beyond 700 km with a full charge. The cutting-edge cathode technology applied in the battery, paired with nano-crystallized LFP material, aid in the efficient extraction of lithium-ion resulting in fast charging. Moreover, Shenxing possesses expansive range abilities, rapid charging across varying temperatures, and amplified safety delivered through its unique construction and smart algorithms.

What Are the Main Segments in the Car Batteries Market?
The car batteries market covered in this report is segmented -

1) By Type: Valve Regulated Lead-Acid (VRLA) Battery, Flooded Battery, Other Types
2) By Functions: Electric Propulsion, Start, Lighting, Ignition
3) By Sales channel: Original Equipment Manufacturer (OEM), Automotive Channel, E-commerce, Wholesale Clubs, Other Sales Channels

Subsegments:
1) By Valve Regulated Lead-Acid (VRLA) Battery: Absorbent Glass Mat (AGM) VRLA Battery, Gel VRLA Battery
2) By Flooded Battery: Conventional Flooded Battery, Enhanced Flooded Battery (EFB)
3) By Other Types: Lithium-Ion Battery, Nickel-Metal Hydride (NIMH) Battery

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=17109&type=smp

Which Top Companies are Driving Growth in the Car Batteries Market?
Major companies operating in the car batteries market are Volkswagen Group, Stellantis NV, Mercedes-Benz Group AG, Hyundai Motor Company, Tesla Inc, Nissan Motor Co. Ltd., BYD Company Limited, Panasonic Corporation, Renault Group, Toyota Industries Corporation, LG Energy Solution, Samsung SDI, Clarios LLC, Chaowei Power Holdings Ltd., Exide Industries Ltd., East Penn Manufacturing Company, Amara Raja Energy & Mobility Limited, Saft, A123 Systems Inc., Motorcraft, CITROËN

Which Regions Will Dominate the Car Batteries Market Through 2029?
Asia-Pacific was the largest region in the car batteries market in 2023. The regions covered in the car batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17109

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.