Automotive Batteries Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40989
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The automotive batteries market has the potential to grow by 26.55 million units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 4.22%.

This automotive batteries market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (passenger cars, LCV, and M and HCV) and geography (APAC, North America, Europe, South America, and MEA). The automotive batteries market report also offers information on several market vendors, including Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies, GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmBH, Saft Groupe SA, and Toshiba International Corp. among others.

What will the Automotive Batteries Market Size be in 2021?

Automotive-Batteries-Market-Market-Size-2020-2025

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Automotive Batteries Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing electronic components in passenger cars is notably driving the automotive batteries market growth, although factors such as multiple limitations and short life cycle of lead-acid batteries may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive batteries industry get your FREE report sample now.

  • The rising electronic components in passenger cars will be one of the primary growth factors for the automotive batteries market size.
  • The passenger car segment witnessed high adoption of electronic solutions due to technological advancements.
  • The rising demand for better navigation, safety, comfort, and electronic content has led to the adoption of electrical distribution systems in passenger cars. This has resulted in an increased demand for efficient batteries that can power electronic components.
  • Technologies such as copper connectivity solutions are gaining popularity due to their lightweight and more in-vehicle connectivity options.
  • Leveraging technology from other industries such as consumer electronics also enables automotive OEMs to adopt advanced technologies in passenger car applications. 
  • The rising focus on R&D activities is one of the key automotive batteries market trends.
  • There is an increased focus on research and development activities for developing powerful batteries.
  • The development of gold nanowire batteries has led to longer charging cycles and this will result in the development of batteries that will not run out of charge as early as the conventional ones.
  • Nanowires are thinner than human hair and require lesser space. These batteries do not show any form of degradation even after being charged multiple times.
  • The growing research on graphene batteries as future batteries for electric vehicles will also lead to the growth of the market during the forecast period.
  • Graphene batteries can offer a driving range of up to 500 miles on a single charge in electric cars and can be charged in a few minutes that is nearly 30 times faster than that of lithium-ion batteries.

This automotive batteries market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Automotive Batteries Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amara Raja Batteries Ltd.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Technologies 
  • GS Yuasa Corp.
  • LG Chem Ltd.
  • Panasonic Corp.
  • Robert Bosch GmBH
  • Saft Groupe SA
  • Toshiba International Corp.

 

The automotive batteries market is fragmented and the vendors are deploying growth strategies such as differentiating their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the automotive batteries market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Batteries Market?

Automotive-Batteries-Market-Market-Share-by-Region-2020-2025

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61% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for automotive batteries in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Increasing disposable income and launches of new car models by OEMs will facilitate the automotive batteries market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Automotive Batteries Market?

Automotive-Batteries-Market-Market-Share-by-Type-2020-2025

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The automotive batteries market share growth by the passenger cars segment will be significant during the forecast period. The global passenger car market is constantly undergoing changes in terms of technological development. Vehicle makers are focusing on adopting 48V electrical systems to meet the technological advances of automotive electronics used within passenger cars. The demand for batteries will be mainly driven by battery electric vehicles that are a part of the passenger vehicle segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive batteries market size.

 

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What are the Key Factors Covered in this Automotive Batteries Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive batteries market growth during the next five years
  • Precise estimation of the automotive batteries market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive batteries industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive batteries market vendors

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Automotive Batteries Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4%

Market growth 2021-2025

26.55 mn units

Market structure

Fragmented

YoY growth (%)

4.69

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 61%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies , GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmBH, Saft Groupe SA, and Toshiba International Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Passenger cars - Market size and forecast 2020-2025
    • LCV - Market size and forecast 2020-2025
    • M and HCV - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive Scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Amara Raja Batteries Ltd.
    • East Penn Manufacturing Co. Inc.
    • EnerSys
    • Exide Technologies 
    • GS Yuasa Corp.
    • LG Chem Ltd.
    • Panasonic Corp.
    • Robert Bosch GmBH
    • Saft Groupe SA
    • Toshiba International Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The automotive batteries market growth will increase by $29.57 million units during 2019-2024.
    The automotive batteries market is expected to grow at a CAGR of 4.72% during 2019-2024.
    Technavio has segmented the automotive batteries market by type (Passenger cars, M and HCV, and LCV) and geographic (APAC, North America, Europe, and South America).
    Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Technologies , GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmBH, Saft Groupe SA, Toshiba International Corp. are a few of the key vendors in the automotive batteries market.
    APAC will register the highest growth rate of 62.59% among the other regions. Therefore, the automotive batteries market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the automotive batteries market growth are:
    • Decline in price of automotive batteries for electric vehicles
    • R&D efforts for discovering natural growth promoters
    The automotive batteries market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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