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

Ride Sharing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3884 | Report Format:

Global Ride Sharing Market: Overview The concept of ridesharing is basically an arrangement that connects passengers with drivers, in business or privately or owned vehicles. The leading transport network companies generally work on peer-to-peer ridesharing business model and charge a commission...Read More

In-Wheel Motor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3883 | Report Format:

Global In-Wheel Motor Market: Overview In-wheel motor systems are employed to improve the performance of various electric vehicles. These systems replace driveshaft, transmission, differentials, and axles. The in-wheel motors also help in supplying torque to their associated tires along with gen...Read More

Automotive Differential Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3788 | Report Format:

Global Automotive Differential Market: Overview A differential is a gear train with three shafts with a distinguished feature that the rotational speed of a shaft is the average of the speeds of the others. In automotive, the differential allows the outerdrive wheelto rotate faster than the inne...Read More

Modular Construction Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3753 | Report Format:

Global Modular Construction Market: Overview Modular constructions are intelligent structures that are built with the help of advanced technology. The construction work is simplified by making different modules of a structure. Work on these modules is done away from the building site and once it...Read More

Floating LNG Power Vessel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3748 | Report Format:

Global Floating LNG Power Vessel Market: Overview Floating LNG power vessel is suitable for remote areas where electrical demand is small such as small islands. These vessels help in bringing power supply to remote areas such as islands and thereby help in resolving the power crises issue. With ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.