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Automotive Battery Testers Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR43104
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The automotive battery testers market share is expected to increase by USD 70.42 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.70%.

This automotive battery testers 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 automotive battery testers market segmentation by type (simple battery testers and integrated battery testers) and geography (APAC, Europe, North America, South America, and MEA). The automotive battery testers market report also offers information on several market vendors, including Clore Automotive LLC, EZRED Co., Gamela Enterprise Co. Ltd., Meco Instruments Pvt. Ltd., Midtronics Inc., PulseTech Products Corp., Robert Bosch GmbH, Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd., and SUNER POWER TECHNOLGO Ltd. among others.

What will the Automotive Battery Testers Market Size be During the Forecast Period?

Automotive Battery Testers Market Size

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Automotive Battery Testers Market: Key Drivers and Challenges

The increasing lifespan of vehicles leading to growth in vehicle population is notably driving the automotive battery testers market growth, although factors such as the development of supercapacitors to replace batteries may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive battery testers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Battery Testers Market Driver

The demand for automotive repair and maintenance services is growing globally due to factors such as the rising lifespan of vehicles, which is consequently increasing the number of vehicles in operation in several countries. This is increasing the demand for automotive repair and maintenance services, thereby driving the growth of the concerned market. The average age of vehicles in use in the US is increasing year over year. Canada is also witnessing a rise in the lifespan of vehicles, thereby increasing the number of parc vehicles in the country. Similarly, the average lifespan of vehicles is increasing in other regions. For instance, 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. 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 global automotive battery testers market during the forecast period.

Key Automotive Battery Testers Market Challenge

The charge and discharge rates in lead-acid batteries are slow. Also, due to the numerous charge and discharge cycles, the chemical compounds inside the battery degrade over time. Hence, lead-acid batteries inherently have low power density, and their ability to retain energy throughout their lifetime deteriorates due to material damage. This shortcoming has prompted researchers to look for an alternative to batteries, such as supercapacitors. 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. It is expected that the development of supercapacitors will increase as they store more energy than lead-acid batteries and lithium-ion batteries while retaining the ability to release energy up to 10 times faster than other batteries. This means that cars could be entirely powered by supercapacitors through body panels. The growing adoption of supercapacitors will challenge the demand for batteries, which will negatively impact the adoption of battery testers.

This automotive battery testers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Automotive Battery Testers Market Vendors?

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

 

  • Clore Automotive LLC
  • EZRED Co.
  • Gamela Enterprise Co. Ltd.
  • Meco Instruments Pvt. Ltd.
  • Midtronics Inc.
  • PulseTech Products Corp.
  • Robert Bosch GmbH
  • Schumacher Electric Corp.
  • Shenzhen Foxwell Technology Co. Ltd.
  • SUNER POWER TECHNOLGO Ltd.

 

This statistical study of the automotive battery testers market encompasses successful business strategies deployed by the key vendors. The automotive battery testers market is fragmented and the vendors are developing efficient battery testers for customers to compete in the market.

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.

The automotive battery testers market forecast report offers in-depth insights into 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 Testers Market?

Automotive Battery Testers Market Market segmentation by region

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50% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive battery testers in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The high number of battery failures will facilitate the automotive battery testers market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

Automotive Battery Testers Market Segmentation

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The automotive battery testers market share growth by the simple battery testers segment will be significant during the forecast period. The surge in e-commerce is a crucial factor contributing to the growing adoption of simple battery testers. E-commerce platforms have increased the reach of various vendors and have become a crucial medium for the purchase of simple battery testers by individual customers across the world. 

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

 

Automotive Battery Testers Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.70%

Market growth 2021-2025

$ 70.42 million

Market structure

Fragmented

YoY growth (%)

3.30

Regional analysis

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

Performing market contribution

APAC at 50%

Key consumer countries

China, US, Germany, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Clore Automotive LLC, EZRED Co., Gamela Enterprise Co. Ltd., Meco Instruments Pvt. Ltd., Midtronics Inc., PulseTech Products Corp., Robert Bosch GmbH, Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd., and SUNER POWER TECHNOLGO Ltd.

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, Market condition analysis for forecast period

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What are the Key Data Covered in this Automotive Battery Testers Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive battery testers market growth during the next five years
  • Precise estimation of the automotive battery testers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive battery testers industry 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 testers market vendors

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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
    • Simple battery testers - Market size and forecast 2020-2025
    • Integrated battery testers - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - 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 Analysis

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Clore Automotive LLC
      • EZRED Co.
      • Gamela Enterprise Co. Ltd.
      • Meco Instruments Pvt. Ltd.
      • Midtronics Inc.
      • PulseTech Products Corp.
      • Robert Bosch GmbH
      • Schumacher Electric Corp.
      • Shenzhen Foxwell Technology Co. Ltd.
      • SUNER POWER TECHNOLGO Ltd.

      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
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      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
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      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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      Automotive Battery Testers market growth will increase by $96.60 million during 2019-2024.
      The automotive battery testers market is expected to grow at a CAGR of 3.73% during 2019-2024.
      Technavio has segmented the automotive battery testers market by type (Simple battery testers and Integrated battery testers) and geographic (APAC, Europe, North America, and South America).
      Clore Automotive LLC, EZRED Co., Gamela Enterprise Co. Ltd., Meco Instruments Pvt. Ltd., Midtronics Inc., PulseTech Products Corp., Robert Bosch GmbH, Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd., SUNER POWER TECHNOLGO Ltd. are a few of the key vendors in the automotive battery testers market.
      APAC will register the highest growth rate of 61.73% among the other regions. Therefore, the automotive battery testers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive battery testers market growth are:
      • Increasing lifespan of vehicles leading to growth in vehicle population
      • Growing focus on reducing carbon footprint
      The automotive battery testers market vendors should focus on grabbing business opportunities from the simple battery testers segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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