Market Segmentation, Dynamics, and Competitive Landscape in the AGM Batteries for Cars Industry

The market for AGM batteries used in cars is on a promising trajectory, driven by several automotive innovations and evolving consumer preferences. As the automotive sector increasingly embraces electric vehicles and advanced electronics, the demand for reliable, high-performance batteries is set to rise steadily. Below is a detailed overview of the market size, key players, future trends, and segmentation for AGM batteries in cars.

Steady Growth Outlook for the AGM Batteries for Cars Market Size Through 2029
The AGM batteries for cars market is projected to experience consistent growth over the next several years. By 2030, the market size is expected to reach $16.08 billion, growing at a compound annual growth rate (CAGR) of 4.9%. This expansion is largely fueled by factors such as the rising adoption of electric vehicles, the integration of sophisticated automotive electronics, increasing demand for batteries with longer lifespans, enhanced cold cranking capabilities, and the development of smart battery management systems. Additional trends anticipated to shape the market include the growing preference for start-stop vehicle systems, widespread adoption of maintenance-free batteries, expansion of aftermarket battery sales, and a heightened need for vibration-resistant battery designs.

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Key Players Leading the AGM Batteries for Cars Industry
The AGM batteries for cars sector features several prominent companies that shape the competitive landscape. Notable players include Robert Bosch GmbH, GS Yuasa International Ltd., Exide Technologies, East Penn Manufacturing Company, EnerSys, FIAMM Energy Technology S.p.A., Camel Group Co. Ltd., Leoch International Technology Limited, Mutlu Akü, Banner Batterien, HOPPECKE Batterien GmbH & Co. KG, Clarios, Amara Raja Energy & Mobility Ltd., Sebang Global Battery, VARTA AG, FB Battery, Chaowei Power, Tianneng Battery Group, Zhejiang Fengfan Battery, and Delkor Corporation.

Strategic Acquisition Strengthening Distribution Networks
In May 2024, Energy Products Inc., a US-based distributor specializing in batteries, completed the acquisition of Reliable Batteries Inc., a company known for manufacturing and distributing AGM batteries for automotive applications. Although the financial details were not disclosed, this acquisition aims to bolster Energy Products Inc.'s distribution capabilities by tapping into Reliable Batteries Inc.'s logistics infrastructure and customer base. This move is expected to enhance operational efficiency, improve market competitiveness, and elevate service quality across their network.

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Technological Advancements Setting the Pace for AGM Batteries Market
Industry leaders are actively focusing on advancing AGM battery technology to meet evolving automotive demands. One key development is the advanced SLI-AGM battery, designed to support starting, lighting, and ignition functions, particularly suited to vehicles with stop-start systems and various automotive types. For example, in July 2024, Exide Industries Ltd., a battery manufacturer based in India, introduced a new Absorbent Glass Mat (AGM) battery tailored specifically for SLI applications in the automotive sector. This battery offers enhanced starting power, improved durability, and a longer lifespan compared to conventional lead-acid batteries. Exide's launch aligns with growing OEM demand for high-performance batteries that complement energy-saving features like regenerative braking. Preparing to serve both domestic and international markets, Exide demonstrates its commitment to addressing the next generation of automotive battery requirements.

How the AGM Batteries for Cars Market is Segmented Globally
The AGM batteries for cars market is categorized across several dimensions to provide a thorough understanding of its structure:
1) By Type: Stationary and Motive
2) By Voltage Range: 10 Volts to 12 Volts and Above 12 Volts
3) By Sales Channel: OEM (Original Equipment Manufacturer) and Aftermarket

Further subcategories include:
- Stationary batteries used for emergency power supply in automotive applications, electrical backup for hybrid and electric vehicles, and power sources for car audio and other in-car electronics.
- Motive batteries comprising starting, lighting, and ignition (SLI) batteries, hybrid vehicle (HEV) batteries, and high-performance AGM batteries designed for motorsports and racing uses.

This segmentation highlights the diverse applications and technical specifications that define the AGM batteries market in the automotive sector worldwide.

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This release was published on openPR.