Automotive Battery Market By Battery Type (Lead–Acid Battery, Lithium Ion Battery, Nickel Based Battery, and Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles (LCVs), and Electric Vehicles), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI22319 | Publish Date: March 2024 | No. of Pages: 134

Global Automotive Battery Market By Overview

Battery plays an important role in vehicles to supply current to starter to start the vehicle. It also runs other electric application by providing current to them. Preferably lead–acid batteries are used in vehicles. They consist of six cells in a series to supply electric current according to requirement which ranges between 12 to 24 volt and varies vehicle to vehicle.

Increasing development of electric vehicles across the globe is a major factor driving growth of the global automotive battery market. Also, rising government support for electric vehicle penetration around the globe is expected to support growth of the target market. Moreover, continuous product development as well as product advancements such as batteries with less charging time and with high capacity to provide electric supply for longer period of time is another factor expected to drive growth of the global market.

However, increasing concerns related to disposal of waste generated by batteries after disposal is a major factor expected to restrain growth of the global automotive battery market. The automotive battery contains lead in high amount, which may harm to environment if not disposed through proper method.

The global automotive battery market has been segmented on the basis of battery type, vehicle type, and region.

On the basis of battery type, the target market is segmented into lead–acid battery, lithium ion battery, nickel based battery, and others. The vehicle type segment includes passenger vehicles, commercial vehicles (LCVs), and electric vehicles.

On the basis of regions, the global automotive battery market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia Pacific region expected to hold major market share as compared to that of other regions, owing to high penetration of electric vehicles in countries in the region.

Key players operating in the global automotive battery market includes, Johnson Controls International plc.,Crown Battery Manufacturing Company, Exide Industries Limited, A123 Systems LLC, East Penn Manufacturing Company, GS Yuasa Corporation, Furukawa Electric Co. Ltd., Leoch Battery Inc., BYD Company Ltd., and Alf Technologies Pvt. Ltd.

 

Global Automotive Battery Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Battery Type
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation By Battery Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Lead-Acid Battery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Lithium Ion Battery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Nickel Based Battery
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation By Vehicle Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Passenger Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial Vehicles (LCVs)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Electric Vehicles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Battery Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Battery Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Battery Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Battery Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Battery Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Vehicle Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Johnson Controls Internationals Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Crown Battery Manufacturing Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GS Yuasa Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Furukawa Electric co.Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Leoch Battery Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BYD Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alf Technologies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

 

FAQs

The Automotive Battery Market is segmented into Battery Type, Vehicle Type, and Region.

Increased adoption of electric vehicles, government incentives for clean energy, advancements in battery technology, and the growing awareness of environmental sustainability.

High production costs, limited charging infrastructure, potential supply chain disruptions, and concerns about the environmental impact of battery disposal.

North America, Europe, Asia-Pacific, Latin America. Asia-Pacific is expected to dominate due to a high concentration of electric vehicle adoption, particularly in countries like China. Europe and North America are also significant markets.

The key players operating the target market includes Johnson Controls International plc.,Crown Battery Manufacturing Company, Exide Industries Limited, A123 Systems LLC, East Penn Manufacturing Company, GS Yuasa Corporation, Furukawa Electric Co. Ltd., Leoch Battery Inc., BYD Company Ltd., and Alf Technologies Pvt. Ltd.