Global Automotive Battery Market Size was valued at USD 48.71 billion in 2017 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XX.XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.9% during the forecast period, i.e. 2017-2025.

Global Automotive Battery Market Growth Opportunities (Revenue, Growth) By 2017-2025

Automotive battery is made up of electrochemical cells which convert chemical energy to electrical energy and electric energy to chemical energy they are rechargeable batteries which supplies electric energy to automobiles, automotive SLI system.it is used to provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs.it is also used to start engines, powering cranking motors, interior circuits, external appliances and telematics in automobile these type of battery is used in passenger vehicles, commercial vehicles etc. Due to the increasing sales of electric vehicle and rising environmental pollution, the demand for automotive battery is projected to register a tremendous growth during the forecast period. Government also taken the initiatives to promote electric vehicle by offering them subsidies and implementing regulations which will help to accelerate the market for electric vehicles, due to this there will be increase in demand for automotive batteries during upcoming era.

The global market analysis offers in-depth insights, revenue details, and other vital information regarding the global automotive battery market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global market report has been segmented on the basis of type, application, and region.

Market Dynamics:   

In 2017 the global automotive market size was valued at USD 48.71 billion, and is projected to grow with CAGR of 7.9% during 2018 to 2025. Rapid expansion in the automotive industry in developing economies such as Indonesia, India, Thailand, Mexico, and Vietnam are expected to grow significantly in upcoming period. Increasing demand for pollution-free electric and hybrid vehicles is one of the factors to increase the demand in automotive batteries over the forecast period. The Automotive battery must be able to offer a reserve capacity, which will signify the electrical energy that the battery can deliver when it is fully charged. Some of the rankings that are commonly used to measure performance of battery which include, cold cranking amperes , amp-hours , power , and reserve capacity .

Market Segmentation:

On the basis of application automotive battery market segmented into different categories such as  two/three wheeler’s battery, car and light van’s battery, heavy motor vehicle (HMV’s) batteries and electric or hybrid vehicle’s battery, the capacity of battery defined by its size, numbers of plate and strength and volume of electrolyte.

In automobile batteries fuel cell technology is used due to this technology there is wider acceptance in global market with the help of this technology these batteries use harmless product such as oxygen and hydrogen, this technology will help to drive the market at higher extent.

Increasing research and development in the field of battery technology for fuel cell based automobile and development with the lithium batteries, government taking initiatives for electric vehicles around globe are some of the major factors for automotive battery market, whereas constant fluctuation in the cost of raw materials such as nickel and lead, pose significant challenge for the automotive industry.    

Regional Analysis:

Asia Pacific market will gain the highest CAGR of xx.xx% over the forecast period due to increasing product demand in automotive applications in various countries like South Korea, India, Malaysia and Indonesia is likely to positively influence the growth of the region in upcoming period.in terms of sales there is high demand of commercial cars, passenger cars and motorcycle are likely to promote the industry at large extent. Developing products by various companies to manufacture cost-efficient and high-performance vehicles are anticipated to accelerate the growth of market in upcoming period.

Global Automotive Battery Market Size, Share Analysis By Region 2017

In 2016 North America market dominated the market significantly. Strong presence of lead-acid battery manufacturers such as Exide, Johnson Controls, in the U.S. is projected to grow the market significantly. Demand for electric vehicles is increasing in U.S. and Mexico, due to raising the government efforts to reduction of carbon emission by developing eco-friendly products, is likely to increase the growth of electric vehicles segment in the U.S. in upcoming period.  Europe is one of the leading producers of automobiles in the past and is projected to continue over the forecast period. Manufacturers of automobile industry are projected to augment the demand for automotive batteries in the region which will drive the market high in upcoming period.

Automotive Battery Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Automotive Battery Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in Automotive Battery market are included as primary sources of the supply side.

After performing comprehensive engineering of Automotive Battery market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Player:

Some of the major players operating in the automotive battery market include Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd., FIAMM S.p.A., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co. Ltd., GS Yuasa Corporation and Shandong Sacred Sun Power Sources Co. Ltd.

Global Automotive Battery Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.