The automotive battery aftermarket has the potential to grow by 26.28 million units during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 1.99%.
This automotive battery aftermarket 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 vehicle type (passenger cars, LCV, and M and HCV) and geography (APAC, Europe, North America, South America, and MEA). The automotive battery aftermarket report also offers information on several market vendors, including Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. among others.
What will the Automotive Battery Aftermarket Size be in 2021?
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Automotive Battery Aftermarket Market: Key Drivers and Trends
The aging vehicle fleets is notably driving the automotive battery aftermarket market growth, although factors such as increasing adoption of EVs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive battery aftermarket market industry get your FREE report sample now.
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This automotive battery aftermarket 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 Battery Aftermarket 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 Industries Ltd.
- GS Yuasa Corp.
- LG Chem Ltd.
- Panasonic Corp.
- Robert Bosch GmbH
- Saft Groupe SA
- Toshiba Corp.
The automotive battery aftermarket is fragmented and the vendors are deploying growth strategies such as investments in R&D to offer better products 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 battery aftermarket 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 Battery Aftermarket?
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82% of the market’s growth will originate from APAC during the forecast period. China, Japan and India, and are the key markets for automotive battery aftermarket market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Improving and stabilizing socioeconomic conditions will facilitate the automotive battery aftermarket 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 Market Segments by Vehicle Type in the Automotive Battery Aftermarket?
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The growth of the market in this segment can be attributed to the increasing disposable income of individuals belonging to the middle class. Additionally, the rising preference for fuel efficiency and three-row seats in crossovers and SUVs is driving the growth of the SUV and crossover vehicles market in the US. The increasing average annual miles traveled by these vehicles and the high degree of focus of vehicle owners on regular maintenance and upgrades offer significant growth opportunities to vendors in the market.
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 battery aftermarket size.
What are the Key Factors Covered in this Automotive Battery Aftermarket Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive battery aftermarket growth during the next five years
- Precise estimation of the automotive battery aftermarket size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive battery aftermarket across APAC, Europe, North America, 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 battery aftermarket vendors
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Automotive Battery Aftermarket Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 2% |
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Market growth 2021-2025 |
26.28 mn units |
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Market structure |
Fragmented |
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YoY growth (%) |
-3.96 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 82% |
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Key consumer countries |
China, US, Japan, Germany, India, and Brazil |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. |
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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, |
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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. |