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The automotive batteries market is forecasted to grow by USD 119.8 billion during 2023-2028, accelerating at a CAGR of 19.75% during the forecast period. The report on the automotive batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in sales of passenger cars, growing demand for air conditioning systems in commercial vehicles in APAC, and rise in sales of electric vehicles, which is increasing demand for automotive batteries.
The automotive batteries market is segmented as below:
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Channel
- OEM
- Aftermarket
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the automotive batteries market covers the following areas:
- Automotive batteries market sizing
- Automotive batteries market forecast
- Automotive batteries market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global automotive batteries market: A123 Systems LLC, Amara Raja Group, CLARIOS LLC, Crown Battery Manufacturing Co., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Furukawa Electric Co. Ltd., GS Yuasa International Ltd., HBL Power Systems Ltd., Hitachi Ltd., Leoch International Technology Ltd., LG Corp., Montana Tech Components AG, Panasonic Holdings Corp., Robert Bosch GmbH, Samsung SDI Co. Ltd., Shandong Sacred Sun Power Sources Co. Ltd., Toshiba Corp., and TotalEnergies SE.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing demand for AGM batteries."
According to the report, one of the major drivers for this market is the rise in sales of passenger cars.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A123 Systems LLC
- Amara Raja Group
- CLARIOS LLC
- Crown Battery Manufacturing Co.
- East Penn Manufacturing Co. Inc.
- EnerSys
- Exide Industries Ltd.
- Furukawa Electric Co. Ltd.
- GS Yuasa International Ltd.
- HBL Power Systems Ltd.
- Hitachi Ltd.
- Leoch International Technology Ltd.
- LG Corp.
- Montana Tech Components AG
- Panasonic Holdings Corp.
- Robert Bosch GmbH
- Samsung SDI Co. Ltd.
- Shandong Sacred Sun Power Sources Co. Ltd.
- Toshiba Corp.
- TotalEnergies SE