Automotive Battery Market Analysis in Developed Countries
Automotive Battery Market By Battery Type (Lithium- ion, Lead- Acid, Nickel, Sodium- ion), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Engine Type (Internal combustion Engine, Electric Vehicles), Functions (Electric propulsion, Start, Lighting, Ignition), Sales Chanel (OEM, Aftermarket), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Automotive batteries are batteries which supplies electric current to motor vehicle which are usually rechargeable in nature. Lithium- ion, Lead- Acid, Nickel, Sodium- ion are some of the automotive batteries types. They are usually is a 12-volt battery of six cells and is the heart of the car's electrical system. Its main aim is to start the engine and then the power for electrical system is supplied by alternator.
Download Sample Copy of Automotive Battery Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-battery-market
The global automotive battery market is segmented based on type, propulsion, vehicle type, sales channel, and region. Based on type, the global market has been segmented into lead-acid, lithium-ion, nickel-metal hydride, and others. The lithium-ion segment is projected to witness rapid growth over the forecast period. Based on propulsion, the global market has been divided into internal combustion engine (ICE) and electric vehicle. The ICE segment is projected to be dominant throughout the forecast period. Based on vehicle type, the global market has been bifurcated into passenger car and commercial vehicle. The passenger car segment accounted for the largest share in the global automotive battery market over the forecast period. Based on sales channel, the global market has been divided into OEM and aftermarket. The aftermarket segment is projected to witness rapid growth over the forecast period.
Geographically, the global automotive battery market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. Among the regions, in 2018, the global market was led by Asia-Pacific, followed by Europe and North America. Asia-Pacific is estimated to hold the largest market share during the forecast period owing to the vast potential consumer base, developing infrastructure for electric vehicle charging stations, and growing demand for passenger car and commercial vehicles across the region.
Market Drivers:
- The new fuel-saving technologies, like micro-hybrid systems are leading to higher battery usage.
- Increasing environmental concern is driving the market.
Market Restraints:
- Lack of adequate infrastructure required for proper operation of battery-driven vehicles is restraining the growth of this market.
- High cost of the batteries is another factor restraining the growth of this market.
Key Developments in the Market:
- In April 2018, Exide Industries announced the launch of their new completely sealed and maintenance free batteries for automotive- after market- Advanz. This battery equipped with a magic eye that can accurately indicate the health of the battery and determine its end of life. It has Ca- Ca system which ensures that topping up is necessary during the entire service life of the battery.
- In October 2018, Amara Raja announced the launch of their new set up car battery plant. The capacity will reach 10.8 million units making it one of the largest facilities of its kind in India. The company signed a technology collaboration agreement with long-time partner Johnson Controls to introduce advanced battery technologies to India enabling higher performance across Starting, Lighting and Ignition (SLI), Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries.
Competitive Analysis: Automotive Battery Market
· Global automotive battery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive battery market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Table Of Contents
1. 1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. 2. RESEARCH METHODOLOGY
3. 3. EXECUTIVE SUMMARY
4. 4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
5. 5. MARKET SEGMENTATION
1. 5.1 By Battery Type
2. 5.2 By Vehicle Type
· COMPETITIVE LANDSCAPE
1. 6.1 Vendor Market Share**
2. 6.2 Company Profiles
· 7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Get Detailed Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-battery-market
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Access Full Report@ https://www.databridgemarketresearch.com/reports/global-automotive-battery-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Tel: +1-888-387-2818
Email: [email protected]
Browse Related Reports @