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Global Automotive Battery Market

  • Published Date: 02 Nov 2018
  • Number of Pages: 190
  • Category: Automotive and Parts
  • Country: Global
Automotive batteries are the rechargeable batteries that provide electrical energy to motor vehicles. They are also known as Start Light Ignition(SLI) batteries. With the increasing production and sales of automobiles, the global automotive market has also seen a noticeable increase in the sales over the last 10 years. The factors of growth are rapid urbanization, increased per capita income, and technological advancements, collectively there is an estimated growth in transportation activities resulting in growth of the global automotive battery market. Unorganized market continues to account for a significant number of the overall demand for automotive batteries.

Market Dynamics The global battery market is projected to grow at a CAGR of 4.15% from 2016 to 2021, to reach a market size of USD 17.26 Billion by 2021. Organized automotive battery players have been able to increase their market penetration over the last decade, globally, as they have been focusing extensively in expanding their product portfolios, offering a wider price range to consumers and increasing their marketing activities for achieving higher market penetration. Major reasons that are expected to drive the market include increasing battery demand from OEMs (Original Equipment Manufacturer), growing battery sales in the replacement market, globally, and increasing penetration of passenger cars in developing countries.

Market Segmentation

Market can be categorized on two types of segments: 1. Types of automotive batteries market --> lithium ion (Li-ion) --> nickel-metal hydride (Ni-MH) --> nickel-cadmium (Ni-Cd) --> gasoline --> lead-acid. 2. Application based classification of automotive battery market --> two/three wheelers battery --> car and light vans battery --> heavy motor vehicle (HMVs) batteries --> electric or hybrid vehicles battery.

Regional/Geographic Analysis

The demand for automobiles is increasing in countries like India , Philippines , Indonesia , Malaysia and China becoming as emerging hub for automation development , Asia Pacific region is expected to see a high growth rate in automotive batteries market. Although North America and Europe are seeing a stagnant growth.
Opportunities The major drivers predicted behind the growth of the global battery market are new hybrid and electric automotive models from OEMs, fuel savings and government incentives for cleaner transportation, growing integration of electronics and growing demand for transportation.

Key Players

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.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus

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