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The automotive battery testers market is estimated to grow at a CAGR of 3.92% and the size of the market is forecast to increase by USD 80.37 million between 2022 and 2027. The growth of the market depends on several factors, including the increasing lifespan of vehicles leading to growth in vehicle population, the convenience of online purchase of automotive products such as battery testers, and improving automotive aftermarket distribution channels and supply chain networks.
The segment simple battery tester is leading the automotive battery testers industry. The simple battery tester is a battery-monitoring device that detects problems or malfunctions in a battery. Its simple design makes customers convenient to use. As most automobile maintenance and repair service providers use simple battery testers to detect minor problems in vehicle batteries, the simple battery testers segment dominated the global automotive battery testers market in 2021. Simple battery testers measure four indexes, namely, voltage, resistance, CCA value, and battery condition.
Prominent vendors such as Schumacher Electric and Bosch offer simple battery testers to customers looking for cost-effective battery testing solutions. For instance, Schumacher Electric offers BAF-M2, a battery-monitoring device priced at $37. Similarly, Bosch BAT 110 battery tester allows quick and accurate, load-free testing of most types of 12V batteries. BAT 110 has a simple four-button keypad and large four-digit displays for voltage and CCA readouts.
This report extensively covers market segmentation by type (simple battery testers and integrated battery testers), application (OEM and aftermarket), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The reports categorize the global automotive battery testers market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The increasing lifespan of vehicles leading to growth in vehicle population is notably driving the market growth, although factors such as the development of supercapacitors to replace batteries may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Automotive Battery Testers Market Driver
One of the major factors driving the market growth is the rising lifespan of vehicles, which is consequently increasing the number of vehicles in operation in several countries. Modern vehicles have rigid construction, a long-lasting and highly durable engine, and undergo regular maintenance at periodic intervals. This has led to an increase in the lifespan of vehicles, as consumers can keep their vehicles in operation for a longer period of time. Hence, the demand for automotive repair and maintenance services is rising across the world.
Passenger cars and utility vehicles such as sports-utility vehicles (SUVs), multi-purpose vehicles (MPVs), crossovers, and pickup trucks are also becoming popular in the global automotive market. This creates a high demand for preventive maintenance services for essential automotive components such as batteries. Such factors are increasing the need for battery-testing equipment, which is expected to drive the market during the forecast period.
Significant Automotive Battery Testers Market Trend
The development of touchscreen battery testers is the primary trend in the market. Customers globally are well-versed in the use of the touchscreen interface. Touchscreen displays have been widely adopted across various devices, including smartphones, and they allow vendors to manage space constraints on electronic devices.
For instance, traditional battery testers with buttons as an interface require multiple buttons for various functionalities. This led to less amount of space for the display, which proved inconvenient for technicians and customers. On the other hand, a touchscreen display interface allows the addition of multiple functions in a battery diagnostic service system in a convenient way. Hence, it is expected that other prominent vendors will adopt this technology, which, in turn, will positively impact the market during the forecast period.
Major Automotive Battery Testers Market Challenge
The development of supercapacitors to replace batteries is the major challenge impeding the market. Lead-acid batteries inherently have low power density, hence their charge and discharge rates are slow. Their ability to retain energy throughout their lifetime deteriorates due to material damage. Also, due to the numerous charge and discharge cycles, the chemical compounds inside the battery degrade over time.
In a supercapacitor, the energy is stored electrostatically on the surface of the material and does not involve any chemical reaction. Supercapacitors have a high-power density. They can be charged quickly, and they release the power in fast bursts of current. Hence, supercapacitors are gaining prominence in the automotive industry which will challenge the demand for batteries and negatively impact the adoption of battery testers during the forecast period.
Key Automotive Battery Testers Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Battery Testers Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Autel Intelligent Technology Co. - The company offers automotive battery testers that can quickly identify the vehicle and battery specifications and can read/clear codes on all available vehicle systems. Through its unified segment, the company offers automotive intelligent diagnostics, detection, and analysis systems and automotive electronic components such as Professional Tool, TMPS, ADAS, Special Tool, and IMMO Tool.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the simple battery tester segment will be significant during the forecast period. A simple battery tester is a battery-monitoring device that is used to detect problems or malfunctions in a battery. It can be used as a voltmeter to test the voltage. As most automobile maintenance and repair service providers use simple battery testers to detect minor problems in vehicle batteries, the simple battery testers segment dominated the market in 2021 and this will help the market grow during the forecast period.
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The simple battery tester segment was valued at USD 217.07 million in 2017 and continued to grow until 2021. The surge in e-commerce is also a crucial factor contributing to the growing adoption of simple battery testers. E-commerce platforms have simple battery tester product listings for various manufacturers, ranging from prominent international brands to regional brands, allowing buyers to choose from various products. Therefore, the growth of e-commerce is expected to drive the simple battery tester segment of the global automotive battery testers market during the forecast period.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is the fastest-growing region in the global automotive battery testers market. The region is a high-volume adopter of passenger cars and CVs. Moreover, passenger cars in several APAC countries are used for short-distance commuting with high traffic congestion. This results in incomplete charging of vehicle batteries and leads to sulfation. In addition, most vehicles in APAC belong to the entry-level and mid-level segments, which have batteries that only perform rudimentary functions and require regular maintenance and servicing. Hence, APAC is expected to witness an increased number of battery failures during the forecast period, resulting in an increase in the requirement for frequent testing of vehicle batteries. Therefore, APAC is expected to experience high growth in the demand for battery testers during the forecast period.
The rise in the number of COVID-19 cases in APAC adversely impacted the automobile industry. However, an increase in investment inflows into the automotive industry led to the reopening of electric vehicle manufacturing plants across the region. Also, the lifting of lockdowns has resulted in the resumption of traveling activities, which has propelled the demand for automotive vehicles and batteries in automotive vehicles in APAC. Such factors are expected to foster the growth of the regional market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Type (Simple battery testers and Integrated battery testers), Application (OEM and Aftermarket), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
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Automotive Battery Testers Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.92% |
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Market growth 2023-2027 |
USD 80.37 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.47 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Autel Intelligent Technology Co., AutoMeter Products Inc., Clore Automotive LLC, Elak Pvt. Ltd., Exponential Power Inc., EZRED Co., Fortive Corp., Innova Electronics Corp., Meco Instruments Pvt. Ltd., Midtronics Inc., Milton Industries Inc., MOTOPOWER Inc., OBDSpace Co. Ltd., PulseTech Products Corp., Robert Bosch GmbH, Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd, Shenzhen JiaWei HengXin Technology Co. Ltd., SUNER POWER TECHNOLGO Ltd., and Gamela Enterprise Co. Ltd. |
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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 recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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