Automotive Battery Market - by Type (Lead Acid Batteries, Lithium Ion Batteries, Nickel Metal Hybrid Batteries, and Others), Vehicle Type (Electric Bikes, Hybrid Cars, Electric Cars, and Others), and Application (Two/Three Wheeler’s Battery, Car And Light Van’s Battery, Heavy Motor Vehicles’ Battery, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 01-Oct-2020 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-148 Status : Published

According to the report published by Zion Market Research, global Automotive Battery market was valued at approximately USD 47 billion in 2019, and is expected to generate revenue of around USD 85 billion by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global Automotive Battery market was valued at approximately USD 47 billion in 2019, and is expected to generate revenue of around USD 85 billion by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.

Global Automotive Battery Market: Overview

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.

Global Automotive Battery Market: Growth Factors

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.

Global Automotive Battery Market: Segmentation

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.

Global Automotive Battery Market: Regional Analysis

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.

Global Automotive Battery Market: Competitive Players

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
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Automotive Battery Market, 2016 – 2026 (USD Billion)
    • 3.2.Global Automotive Battery Market: Snapshot
  • Chapter 4.Automotive Battery Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Automotive Battery
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Automotive Battery Market Attractiveness, By Battery Type
    • 5.2.Global Automotive Battery Market Attractiveness, By Vehicle Type
    • 5.3.Global Automotive Battery Market Attractiveness, By Application
    • 5.4.Global Automotive Battery Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Automotive Battery Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Automotive Battery Market Overview: by Battery Type
      • 7.1.1.Global Automotive Battery Market Revenue Share, by Battery Type, 2019 & 2026
    • 7.2.Global Automotive Battery Market Analysis/Overview – By Battery Type
      • 7.2.1.Lead Acid Batteries – Overview/Analysis
      • 7.2.2.Lithium Ion Batteries – Overview/Analysis
      • 7.2.3.Nickel Metal Hybrid Batteries – Overview/Analysis
      • 7.2.4.Others – Overview/Analysis
    • 7.3.Lead Acid Batteries
      • 7.3.1.Global Automotive Battery Market for Lead Acid Batteries, Revenue (USD Billion) 2016 - 2026
    • 7.4.Lithium Ion Batteries
      • 7.4.1.Global Automotive Battery Market for Lithium Ion Batteries, Revenue (USD Billion) 2016 - 2026
    • 7.5.Nickel Metal Hybrid Batteries
      • 7.5.1.Global Automotive Battery Market for Nickel Metal Hybrid Batteries, Revenue (USD Billion) 2016 - 2026
    • 7.6.Others
      • 7.6.1.Global Automotive Battery Market for Others, Revenue (USD Billion) 2016 - 2026
    • 8.1.Global Automotive Battery Market Overview: by Vehicle Type
      • 8.1.1.Global Automotive Battery Market Revenue Share, by Vehicle Type, 2019 & 2026
    • 8.2.Global Automotive Battery Market Analysis/Overview – By Vehicle Type
      • 8.2.1.Electric Bikes – Overview/Analysis
      • 8.2.2.Hybrid Cars – Overview/Analysis
      • 8.2.3.Electric Cars – Overview/Analysis
      • 8.2.4.Others – Overview/Analysis
    • 8.3.Electric Bikes
      • 8.3.1.Global Automotive Battery Market for Electric Bikes, Revenue (USD Billion) 2016 - 2026
    • 8.4.Hybrid Cars
      • 8.4.1.Global Automotive Battery Market for Hybrid Cars, Revenue (USD Billion) 2016 - 2026
    • 8.5.Electric Cars
      • 8.5.1.Global Automotive Battery Market for Electric Cars, Revenue (USD Billion) 2016 - 2026
    • 8.6.Others
      • 8.6.1.Global Automotive Battery Market for Others, Revenue (USD Billion) 2016 - 2026
    • 9.1.Global Automotive Battery Market Overview: by Application
      • 9.1.1.Global Automotive Battery Market Revenue Share, by Application, 2019 & 2026
    • 9.2.Global Automotive Battery Market Analysis/Overview – By Application
      • 9.2.1.Two/Three Wheeler’s Battery – Overview/Analysis
      • 9.2.2.Car And Light Van’s Battery – Overview/Analysis
      • 9.2.3.Heavy Motor Vehicles’ Battery – Overview/Analysis
      • 9.2.4.Others – Overview/Analysis
    • 9.3.Two/Three Wheeler’s Battery
      • 9.3.1.Global Automotive Battery Market for Two/Three Wheeler’s Battery, Revenue (USD Billion) 2016 - 2026
    • 9.4.Car And Light Van’s Battery
      • 9.4.1.Global Automotive Battery Market for Car And Light Van’s Battery, Revenue (USD Billion) 2016 - 2026
    • 9.5.Heavy Motor Vehicles’ Battery
      • 9.5.1.Global Automotive Battery Market for Heavy Motor Vehicles’ Battery, Revenue (USD Billion) 2016 - 2026
    • 9.6.Others
      • 9.6.1.Global Automotive Battery Market for Others, Revenue (USD Billion) 2016 - 2026
  • Chapter 10.Automotive Battery Market – Regional Analysis
    • 10.1.Global Automotive Battery Market: Regional Overview
      • 10.1.1.Global Automotive Battery Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global Automotive Battery Market Revenue, by Region, 2016 – 2026 (USD Billion)
    • 10.2.North America
      • 10.2.1.North America Automotive Battery Market Revenue, 2016 - 2026 (USD Billion)
      • 10.2.2.North America Automotive Battery Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.2.3.North America Automotive Battery Market Revenue, by Battery Type, 2016 – 2026
      • 10.2.4.North America Automotive Battery Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.2.5.North America Automotive Battery Market Revenue, by Application, 2016 – 2026
      • 10.2.6. U.S.
      • 10.2.7.Canada
    • 10.3.Europe
      • 10.3.1.Europe Automotive Battery Market Revenue, 2016 - 2026 (USD Billion)
      • 10.3.2.Europe Automotive Battery Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.3.3.Europe Automotive Battery Market Revenue, by Battery Type, 2016 – 2026
      • 10.3.4.Europe Automotive Battery Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.3.5.Europe Automotive Battery Market Revenue, by Application, 2016 – 2026
      • 10.3.6.Germany
      • 10.3.7.France
      • 10.3.8. U.K.
      • 10.3.9.Italy
      • 10.3.10.Spain
      • 10.3.11.Rest of Europe
    • 10.4.Asia Pacific
      • 10.4.1.Asia Pacific Automotive Battery Market Revenue, 2016 - 2026 (USD Billion)
      • 10.4.2.Asia Pacific Automotive Battery Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.4.3.Asia Pacific Automotive Battery Market Revenue, by Battery Type, 2016 – 2026
      • 10.4.4.Asia Pacific Automotive Battery Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.4.5.Asia Pacific Automotive Battery Market Revenue, by Application, 2016 – 2026
      • 10.4.6.China
      • 10.4.7.Japan
      • 10.4.8.India
      • 10.4.9.South Korea
      • 10.4.10.South-East Asia
      • 10.4.11.Rest of Asia Pacific
    • 10.5.Latin America
      • 10.5.1.Latin America Automotive Battery Market Revenue, 2016 - 2026 (USD Billion)
      • 10.5.2.Latin America Automotive Battery Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.5.3.Latin America Automotive Battery Market Revenue, by Battery Type, 2016 – 2026
      • 10.5.4.Latin America Automotive Battery Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.5.5.Latin America Automotive Battery Market Revenue, by Application, 2016 – 2026
      • 10.5.6.Brazil
      • 10.5.7.Mexico
      • 10.5.8.Rest of Latin America
    • 10.6.The Middle-East and Africa
      • 10.6.1.The Middle-East and Africa Automotive Battery Market Revenue, 2016 - 2026 (USD Billion)
      • 10.6.2.The Middle-East and Africa Automotive Battery Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 10.6.3.The Middle-East and Africa Automotive Battery Market Revenue, by Battery Type, 2016 – 2026
      • 10.6.4.The Middle-East and Africa Automotive Battery Market Revenue, by Vehicle Type, 2016 – 2026
      • 10.6.5.The Middle-East and Africa Automotive Battery Market Revenue, by Application, 2016 – 2026
      • 10.6.6.GCC Countries
      • 10.6.7.South Africa
      • 10.6.8.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.East Penn Manufacturing Co., Inc.
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfolio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.Camel Group Co. Ltd.
    • 11.3.Exide Technologies
    • 11.4.FIAMM S.p.A.
    • 11.5.Fengfan Co. Ltd.
    • 11.6.Douglas Battery
    • 11.7.Zhejiang Narada Power Source Co. Ltd.
    • 11.8.Johnson Contruls Inc.
    • 11.9.The Furukawa Battery Co. Ltd.
    • 11.1.Zhejiang Haijiu Battery Co. Ltd.
    • 11.11.Chaowei Power Huldings Ltd.
    • 11.12.Hitachi Ltd.
    • 11.13.Shandong Sacred Sun Power Sources Co. Ltd.
    • 11.14.GS Yuasa Corporation

Methodology


Frequently Asked Questions

The global automotive industry has seen significant growth in the last few years. The rising sales of passenger cars and commercial vehicles have been major driving factor for the global automotive battery market. Further, the emergence of electric vehicles is expected to play a vital role in the growth of the global automotive battery market.

According to the report published by Zion Market Research, global Automotive Battery market was valued at approximately USD 47 billion in 2019, and is expected to generate revenue of around USD 85 billion by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026. 

The North America Automotive Battery market held a major share in the global Automotive Battery market in 2019, mainly due to growing automotive sector. The increasing sale of commercial vehicles and electric vehicles has been driving the market.

Some main participants of the Automotive Battery market are East Penn Manufacturing Co., Inc., Camel Group Co., Ltd., Exide Technologies, FIAMM S.p.A., Fengfan Co., Ltd., Douglas Battery, and Zhejiang Narada Power Source Co. Ltd.

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