Automotive Battery Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-148 | Report Format : | Status : Upcoming |

Abstract

Automotive battery is a battery that supplies electric energy to automobiles. It is also widely known as “rechargeable battery”. Automotive batteries are mainly used for SLI (starting, lighting, and ignition) systems and their main purpose is to start the system. Apart from starting the engine, automotive batteries supply the extra power required when the vehicle's electrical requirements exceed the supply from the charging system. Moreover, it is a stabilizer that balances potentially damaging voltage spikes.

The global automotive battery market is proving its dominance in the vehicle market owing to its increasing demand for batteries. These batteries serve numerous automotive applications. Rising demand for hybrid, semi-hybrid, and fully electric vehicles will the growth of automotive vehicles market in a positive way in the near future. In addition, the new trend of providing latest vehicles with start–stop batteries will further boost the growth of the global market. Owing to the developments in the automotive batteries, the adoption rate of these batteries is increasing in passenger and commercial vehicles. All the above-mentioned factors are setting up the market for electric vehicles, which in turn results in growth of the global automotive battery market.

On the basis of battery type, the automotive battery market is segmented as lead acid batteries, lithium ion batteries, nickel metal hybrid batteries, and others. Further the market is segmented based on the vehicle type as electric bikes, hybrid cars, electric cars, and others. On the basis of application, the market can be segmented as two/three wheeler’s battery, car and light van’s battery, heavy motor vehicles’ battery, and others.

North America dominates the global market followed by Europe and Asia Pacific. Automotive battery market is anticipated to witness moderate but steady growth in the near future. The highest growth rate is observed in Asia Pacific and is expected to rise in the coming years. China on the other hand ranks as the fastest growing automotive battery market owing to the high demand for commercial and passenger vehicles in the region. In addition, the new trend of vehicles with latest features will be largely observed in Europe along with the U.S. and China. Increasing demands from other Asian countries such as India, Malaysia, Thailand, and the Philippines further impacts the global market growth in a positive way.

Key players in the global automotive battery market include East Penn Manufacturing Co., Inc., Camel Group Co., Ltd., Exide Technologies, FIAMM S.p.A., Fengfan Co., Ltd., Douglas Battery, Zhejiang Narada Power Source Co. Ltd., Johnson Controls Inc., The Furukawa Battery Co., Ltd., and Shandong Sacred Sun Power Sources Co., Ltd., Some other major players in the market are Zhejiang Haijiu Battery Co., Ltd., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co., Ltd., and GS Yuasa Corporation.

Automotive Battery Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Related Reports

Vision Guided Robots Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2291 | Report Format:

Vision Guided Robots Market: Overview The vision guided robots are the robots that work on the technology where the functionality of the sensor is performed by the camera by providing the feedback to the robot supervisor in order to accurately move an object to destined location. The basic funct...Read More

Submarine Communication Cables Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2288 | Report Format:

Submarine Communication Cables Market: Overview A submarine communications cable is a cable that is placed on the seabed in between stations that are present on the land in order to transmit the telecommunication signals across the ocean. The modern submarine communication cables make use of th...Read More

Automobile Muffler Market (Motorbike, Scooters & Moped, Snowbike and Others) for OEM and Aftermarket: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022

Sep-2017 | Price : $ 4199.00 | Pages: 167 | Report Code: ZMR-2280 | Report Format:

The report covers forecast and analysis for the automobile muffler market on a global and regional level. The study provides historic data of 2014-2016 along with a forecast from 2017 to 2022 based on both volume (thousand units) and revenue (USD million). The study includes drivers and restraints...Read More

Mild Hybrid Vehicles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2263 | Report Format:

Mild Hybrid Vehicles Market: Overview In the mild hybrid vehicles, the energy is generated while applying the brake pedal which turns into the electric energy which is stored in a battery, this energy is further used in order to turn on the starter motor for the start-stop functionality. The mil...Read More

Marine Fasteners Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-2260 | Report Format:

Marine Fasteners Market: Overview In the manufacturing of the ship rebuilding and the construction of the new ships the marine fasteners play a very important role; they require the capabilities to resist the high tensile, torsion, as well as compressive force. The complexity of the marine faste...Read More

Choose License Type:
Latest Published Reports

View All Published Reports