Global Automotive Battery Market to Demonstrate 5.5% CAGR Between 2020 and 2025
Market Research Future (MRFR) reports that the global automotive battery market will expand at a compound annual growth rate (CAGR) of 5.5% during the assessment period (2018–2025). The market is projected to reach a valuation of USD 75 Billion by the year 2025. Battery is key component of a vehicle. In recent years, the important of battery has grown further. Automotive batteries play an important role in powering cars.
Witch changing needs, the technology in automotive battery is also changing. The arrival of hybrid and fully electric vehicle has provided an impetus to automotive batteries. Growing sales of vehicles, growth of the electric vehicle market, and rapid expansion of the automotive sector in Asia, Latin America and the Middle East are some of the factors contributing to the growth of the market. Moreover, growing commercial interest toward electric mobility is expected to support the market. Government subsidies and favourable regulations for electric cars are indicative of the growing interest in such segments.
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Global Automotive Battery Market: Competition Analysis
East Penn Manufacturing Company (US)
EXIDE Technologies (US)
BYD Co. Ltd (China)
Saft Groupe SA (France)
LG Chem (South Korea)
A123 Systems, LLC (China)
Panasonic Corporation (Japan)
Johnson Controls (US)
Delphi Automotive LLP (UK)
Robert Bosch GmbH (Germany)
GS Yuasa (Japan)
EnerSys (US)
Industry Segments
The segmentation of the automotive battery market is carried out on the basis of battery type, vehicle type, and region. The battery type based segmentation of the market consists of nickel metal hydride, lead acid, lithium ion and others. The segmentation of the vehicle type segments the market into commercial vehicles and passenger vehicles. The regions covered in the market are Europe, North America, APAC and Rest of the World.
Detailed Regional Analysis
The market for automotive battery systems is estimated to develop with a rise in the demand for automobiles, primarily in the European region and the United States. There is also a vast demand base for commercial vehicles in the United States. With the surge in the demand of commercial vehicles, there is an escalation in demand for automotive battery systems market. The progress of the European region is also fuelled by the existence of major auto producers, who are primarily concentrating on achieving the growing demand for both commercial and passenger vehicles. Due to the combination of these factors, the progress of the regions is anticipated to develop at a speedy pace. The existence of the most populated countries of the world such as China and India, the control of APAC in the automotive battery systems market globally, is obvious. The fast pace of growth in the Asian automotive market is anticipated to lift the demand for automotive battery market in this region. Moreover, the thriving electric two wheeler segment in the Asia Pacific region, has enormous potential for the market for automotive battery, through the forecast period. This is anticipated to give the manufacturers, extra opportunities to grow additional revenue streams. The market has also experiencing speedy development in the last two years, due to the rising sales of passenger cars, developing economies, shifting of global competitors and technological developments. These reasons will give a much needed boost to the market for automotive battery systems.
Industry News
Japanese electronics giants Sony and Yamaha are reportedly collaborating to develop a futuristic windowless electric mobility cart (SC-1 Sociable Cart). The cart will home big-screen TVs inside and out with multimedia streaming. In its initial phase, the cart will be perceived as experimental tool in oppose to a consumer product.
South Korean automotive giant Hyundai is reportedly gearing up to reveal it second version of concept electric scooter. The new version comes with new modifications and is likely to have a wider distance covering range.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
Continued…
List Of Tables
Table 1 Global Automotive Battery Market, By Region, 2017–2025
Table 2 North America: Automotive Battery Market, By Country, 2017–2025
Table 3 Europe: Automotive Battery Market, By Country, 2017–2025
Table 4 Asia-Pacific: Automotive Battery Market, By Country, 2017–2025
Table 5 RoW: Automotive Battery Market, By Region, 2017–2025
Table 6 Global Automotive Battery Market, By Type, By Regions, 2017–2025
Table 7 North America: Automotive Battery Market, By Type, By Country, 2017–2025
Table 8 Europe: Automotive Battery Market, By Type, By Country, 2017–2025
Table 9 Asia-Pacific: Automotive Battery Market, By Type, By Country, 2017–2025
Table 10 RoW: Automotive Battery Market, By Type, By Region, 2017–2025
Continued…
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Automotive Battery Market Share, By Type, 2018 (%)
FIGURE 9 Global Automotive Battery Market, By Type, 2017–2025 (USD MILLION)
FIGURE 10 Global Automotive Battery Market Share, By Vehicle Type, 2018 (%)
Continued…
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