Automotive Battery Market was valued at US$ 18.73 Bn in 2023 and is expected to grow US$ 24.98 Bn by 2030, at a CAGR of 4.2% during the forecast period.
Automotive Battery Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Automotive Battery Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Automotive Battery market, with forecasts outspreading to the year 2030.
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Automotive Battery Market Scope and Methodology:
Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Automotive Battery market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Automotive Battery market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.
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Automotive Battery Market Regional Insights:
In a regional analysis, the Automotive Battery market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.
Automotive Battery Market Segmentation:
by Battery Type
Lead Acid
Nickel Metal Hybrid
Lithium-Ion
Others
The lead-acid based sector accounted for 39% of the worldwide automotive battery market, which was the greatest market share based on battery type. Because these batteries are dependable, strong, and well-tested, they are mostly utilized in automobiles for SLI (Starting, Lighting, and Ignition) applications. They have a higher initial capacity, can discharge at high rates, require less maintenance, and are simpler and less expensive to manufacture.
by Vehicle Type
Passenger
Commercial
Electric
Other
With over 50% of the worldwide automotive battery market throughout the projected period, the electric vehicle sector leads the industry in terms of vehicle type. Growing the number of electric vehicles on the road would encourage the development of charging infrastructure that is both privately and publically accessible. The majority of electric car batteries have an 8–10 year or 160,000 km guarantee. Additionally, a large number of auto battery manufacturers are making significant investments in RD to develop innovative auto batteries, mostly for electric vehicles.
by Battery Technology
SLI
AGM
Deep Cycle
Wet Cell
Others
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Automotive Battery Market Key Players:
1. Johnson Controls International plc.
2. Haldex Incorporated
3. ZF TRW Automotive Holdings Corporation
4. Hitachi Ltd.
5. EnerSys
6. Furukawa Electric Co. Ltd.
7. Leoch International Tech
8. GS Yuasa Corporation
9. Crown Battery Manufacturing Company
10.Exide Industries Limited
11.East Penn Manufacturing Co., Inc.
12.Camel Group Co., Ltd.
13.FIAMM S.p.A.
14.Fengfan Co., Ltd.
15.Douglas Battery
16.Zhejiang Narada Power Source Co. Ltd.
17.Shandong Sacred Sun Power Sources Co., Ltd.
18.Zhejiang Haijiu Battery Co., Ltd.
19.Chaowei Power Holdings Ltd.
20.Robert Bosch GmbH
21.MK Battery
22.Amara Raja Group
23.SANYO Electric Co.,Ltd
24.Hitachi, Ltd.
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Key questions answered in the Automotive Battery Market are:
- What is Automotive Battery?
- What was the Automotive Battery market size in 2023?
- What is the growth rate of the Automotive Battery Market?
- What is the CAGR at which the Automotive Battery market will grow during the forecast period?
- What are the different segments of the Automotive Battery Market?
- Which is the fastest-growing region in the Automotive Battery market?
- Which are the factors expected to drive the Automotive Battery market growth?
- What growth strategies are the players considering to increase their presence in Automotive Battery?
- What are the upcoming opportunities and trends for the Automotive Battery Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Battery Market?
- What segments are covered in the Automotive Battery Market?
- Who are the key players in the Automotive Battery market?
- Who are the leading companies and what are their portfolios in Automotive Battery Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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