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Global Automotive Battery Market: Snapshot

In the last few years, there has been a tremendous growth in the automotive sector. The growing focus of automobile manufacturers for innovations and technological advancements are predicted to enhance the growth of the global automotive battery market in the coming years. In addition to this, the increasing efforts being taken by governments, across the globe, to reduce the carbon emission and further develop eco-friendly products to accelerate the growth of the global automotive battery market in the next few years.

As per the market intelligence study, the global market for automotive battery is projected to reach a value of US$54.5 bn by the end of 2022. Furthermore, the market is estimated to register a healthy 5.70% CAGR between 2017 and 2022.

automotive battery market

Rise in Use of Electric Vehicles to Encourage Growth of Global Automotive Battery Market

A tremendous rise in the demand for transportation and the growing focus on research and development activities are estimated to accelerate the growth of the global automotive battery market in the coming years. In addition to this, the growing demand for new electric and hybrid automotive models is predicted to enhance the growth of the overall market in the next few years. On the other hand, the rising issues concerning the battery usage and the non-availability of support infrastructure are predicted to restrict the growth of the market in the near future. Moreover, the changing prices of fuel and the high cost of batteries are further likely to hamper the market growth in the near future. Nonetheless, the rising demand for technologically advanced products is estimated to offer growth opportunities for players in the near future.

The global market for automation battery has been categorized on the basis of chemical composition into nickel-metal hydride, lithium-ion, nickel-cadmium, and small sealed lead acid. Among these, the small sealed lead acid segment is expected to hold a major share of the overall market in the coming few years. On the other hand, the lithium-ion segment is predicted to witness a steady growth in the next few years. The rise in the use of hybrid vehicles is likely to accelerate the overall growth in the coming years.

Increasing Research Activities to Propel Automotive Battery Market

Among the key regional segments, Europe is projected to hold a major share of the global automotive battery market in the coming few years. The presence of a large number of automobile companies and the rising investments in this field are the key factors encouraging the growth of this region in the coming few years. Furthermore, the emerging economies in Asia Pacific holds immense growth potential, thanks to which the market is estimated to witness a healthy growth in the next few years. North America is anticipated to witness a steady growth in the coming years.

The global market for automotive battery is highly competitive at present and is expected to witness a significant rise in the competitive environment of the market in the coming years. The key players are making ardent efforts to enhance their product portfolio, thus supporting the overall market growth in the near future. In addition to this, the rising research activities and the growing number of mergers and acquisitions are further expected to enhance the competitive environment of the market in the coming years. Some of the key players operating in the automotive battery market across the globe are Leoch International Tech, Hitachi Ltd., Furukawa Electric Co. Ltd., Exide Industries Limited, Haldex Incorporated, Crown Battery Manufacturing Company, GS Yuasa Corporation, ZF TRW Automotive Holdings Corporation, Johnson Controls International plc., and EnerSys.

Transparency Market Research (PMR) offers an exclusive study on the global market for automotive batteries. The report is comprehensive and insightful, wherein a slew of factors influencing the dynamics of global automotive battery market have been analyzed. For generating accurate forecast on the global automotive battery market for the five-year period (2017-2022), revenues from key market participants for the past five years have been aggregated as a baseline to derive market size estimations. By availing this report, players in the global market for automotive batteries can avoid the undertaking of heavy in-house research on how the market will expand in the near future. Through the inferences offered in this report, the market players will be enabled to take informed decisions and create credible strategies towards expansion of their presence in the overall automotive battery market.

Report Synopsis

The report is compiled by considering a robust study structure that provides detailed analysis and forecast on the global automotive battery market in a chronological manner. Executive summary in the report provides a concise outline on key findings offered in the report, with a particular focus on revealing regional forecast on the global automotive battery market. The overview of the report delivers market introduction, a standard definition to automotive battery, and forecast estimations in Year-on-Year (Y-o-Y) growth rate metrics.

The report covers all key aspects influencing the growth of global automotive battery market in a section focused on market dynamics. This section provides a technology roadmap based on the prospects for manufacturing of automotive batteries till date. The section also provides analysis on automotive production across multiple regions, the diversity in global sales of automobile parts such as batteries, and their distribution network. The report also offers an intensity map that plots the presence of key market players in several regional automotive battery markets across the globe.

Key sections in the report deliver segmented analysis on the forecasted expansion of the global automotive battery market. The report has analyzed the global automotive battery market on the basis of type of chemical composition, vehicle type, sales channel, and region. Additional information on cross-segmental analysis and country-specific forecast on automotive battery market has also been provided in the report. The report has also profiled key players in the global automotive battery market, in a section focused on competition landscape. Based on their current market standings and key undertakings, companies participating in the global automotive battery market have been analyzed for understanding key competitors in the market for the approaching years.

Market Taxonomy

For the purpose of analysis, the taxonomy on global automotive battery market has been precisely illustrated in the table below:

Region

Chemical Composition Type

Vehicle Type

Sales Channel

North America

Lithium Ion (Li-ion)

Compact Vehicle

OEM

Latin America

Nickel–Metal Hydride (Ni-MH)

Mid-Sized Vehicle

Aftermarket

Europe

Nickel–Cadmium (Ni-Cd)

Premium Vehicle

  

Japan

Small Sealed Lead Acid (SSLA)

Luxury Vehicle

  

APEJ

  

Commercial Vehicle

  

MEA

  

Heavy Commercial Vehicle

  

Research Objective

Our team of analysts and subject matter experts have developed this report by employing a range of research approaches, creating a reliable methodology for analyzing and forecasting the global automotive battery market. Qualitative insights offered in the report have been infused with quantitative estimations to boost the accuracy of market size forecasts being provided. The segmental and overall market size estimations have been interpreted through metrics such as compound annual growth rate (CAGR), revenue share, absolute dollar opportunities, and Basis Point Share (BPS) index. The report serves as a credible business document for automotive battery manufacturers seeking high-quality and dependable research study on how the overall market will expand in the near future. The scope of the report is to enable these players towards creating strategies that help them build stronger footholds across the untapped markets for automotive batteries in the immediate future.

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