Automotive Battery Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	200 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185688

Best Price Guarantee
Price	from $4,850
Length	200 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185688

Automotive Battery Market

Growth Factors of Automotive Battery Market

The automotive battery market size was valued at USD 49.70 billion in 2023, and the market is now projected to grow from USD 52.44 billion in 2024 to USD 82.90 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2024-2032.

The COVID-19 pandemic had a mixed effect on the market. While initial interruptions in making and supply chains led to temporary slowdowns, the market progressively recovered as limitations improved. Augmented emphasis on sustainability and government incentives for electric vehicles post-pandemic are projected to motivate market progress.

The rising fondness for the implementation of emission-free hybrid and all electric vehicles due to well-being and ecological concerns along with falling battery costs and growing fossil fuel costs is projected to motivate the automotive battery market growth. Moreover, government support & financial incentive for the adoption of EVs combined with stringent emission norms on conventional vehicles is anticipated to propel the market growth.

Growing e-mobility implementation across developed economies and the varying automotive market in emerging countries are likely to motivate the demand for auto batteries globally. Firms’ emphasis on the introduction of new generation EVs, tied with combined automotive sales and refining the standard of living among the population, is increasing the electrification in the automotive industry. Therefore, the rising demand for lithium-ion batteries in electric vehicles (EVs) is projected to enhance the progress of the market in future years.

Comprehensive Analysis of Automotive Battery Market

The market can be segmented in various ways, depending on the focus of analysis such as by vehicle type, by battery and by engine type. Based on battery type, the market share is split into lead-acid, lithium-ion, and others. Based on vehicle type, the market is classified into commercial vehicles and passenger cars. Based on engine type, the market is segmented into IC engine and electric vehicle.

North America region is dominating the automotive battery market share due to surge in the implementation of electric vehicles. Technological development in the region and the existence of key electric automakers will further impact the market development over the estimate period.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include EXIDE INDUSTRIES LTD. (India), Panasonic Corporation (Japan), LG Chem (South Korea), GS Yuasa International Ltd. (Japan), Robert Bosch GmbH. (Germany), Hitachi Group Ltd (Japan), Contemporary Amperex Technology Co. Limited (China), A123 Systems (U.S.), SAMSUNG SDI CO. LTD (South Korea), BYD Company Ltd. (China), East Penn Manufacturing Company (U.S.), Exide Technologies (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In February 2024, JSW Group plans to invest USD 4.82 billion to launch electric vehicle and battery manufacturing projects in Odisha. The conglomerate, made a joint venture with China's SAIC Motor, targets to contest with domestic and international players in India's rising EV market.

Segmentation Table

TTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.9% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Battery Type

- Lead Acid

- Lithium-Ion

- Others

By Vehicle Type

- Passenger Cars

- Commercial Vehicles

By Engine Type

- IC Engine

- Electric Vehicle

By Geography

- North America (By Battery Type, By Vehicle Type, and By Engine Type)

U.S. (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)

- Europe (By Battery Type, By Vehicle Type, and By Engine Type)

U.K. (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)

- Asia-Pacific (By Battery Type, By Vehicle Type, and By Engine Type)

China (By Vehicle Type)
India (By Vehicle Type)
Japan (By Vehicle Type)
South Korea (By Vehicle Type)
Rest of Asia Pacific (By Vehicle Type)

- Rest of World (By Battery Type, By Vehicle Type, and By Engine Type)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Porter’s Five Forces Analysis; 4.2. SWOT Analysis; 4.3. Technological Developments; 4.4. Distribution of Automotive Battery Market - In Value; 4.5. Impact of COVID-19
5. Global Automotive Battery Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Battery Type; 5.2.1. Lead Acid; 5.2.2. Lithium-Ion; 5.2.3. Others; 5.3. Market Analysis, Insights and Forecast – By Vehicle Type; 5.3.1. Passenger Cars; 5.3.2. Commercial Vehicles; 5.4. Market Analysis, Insights and Forecast – By Engine Type; 5.4.1. IC Engine; 5.4.2. Electric Vehicle; 5.5. Market Analysis, Insights and Forecast – By Region; 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Rest of the World
6. North America Automotive Battery Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis, Insights and Forecast – By Battery Type; 6.2.1. Lead Acid; 6.2.2. Lithium-Ion; 6.2.3. Others; 6.3. Market Analysis, Insights and Forecast – By Vehicle Type; 6.3.1. Passenger Cars; 6.3.2. Commercial Vehicles; 6.4. Market Analysis, Insights and Forecast – By Engine Type; 6.4.1. IC Engine; 6.4.2. Electric Vehicle; 6.5. Market Analysis, Insights and Forecast – By Country; 6.5.1. United States; 6.5.1.1.; 6.5.1.1.1. By Vehicle Type; 6.5.1.1.1.1. Passenger Cars; 6.5.1.1.1.2. Commercial Vehicles; 6.5.1.2. Canada; 6.5.1.2.1. By Vehicle Type; 6.5.1.2.1.1. Passenger Cars; 6.5.1.2.1.2. Commercial Vehicles; 6.5.1.3. Mexico; 6.5.1.3.1. By Vehicle Type; 6.5.1.3.1.1. Passenger Cars; 6.5.1.3.1.2. Commercial Vehicles
7. Europe Automotive Battery Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis, Insights and Forecast – By Battery Type; 7.2.1. Lead Acid; 7.2.2. Lithium-Ion; 7.2.3. Others; 7.3. Market Analysis, Insights and Forecast – By Vehicle Type; 7.3.1. Passenger Cars; 7.3.2. Commercial Vehicles; 7.4. Market Analysis, Insights and Forecast – By Engine Type; 7.4.1. IC Engine; 7.4.2. Electric Vehicle; 7.5. Market Analysis, Insights and Forecast – By Country; 7.5.1. United Kingdom; 7.5.1.1. By Vehicle Type; 7.5.1.1.1. Passenger Cars; 7.5.1.1.2. Commercial Vehicles; 7.5.2. Germany; 7.5.2.1. By Vehicle Type; 7.5.2.1.1. Passenger Cars; 7.5.2.1.2. Commercial Vehicles; 7.5.3. France; 7.5.3.1. By Vehicle Type; 7.5.3.1.1. Passenger Cars; 7.5.3.1.2. Commercial Vehicles; 7.5.4. Rest of Europe; 7.5.4.1. By Vehicle Type; 7.5.4.1.1. Passenger Cars; 7.5.4.1.2. Commercial Vehicles
8. Asia Pacific Automotive Battery Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Analysis, Insights and Forecast – By Battery Type; 8.2.1. Lead Acid; 8.2.2. Lithium-Ion; 8.2.3. Others; 8.3. Market Analysis, Insights and Forecast – By Vehicle Type; 8.3.1. Passenger Cars; 8.3.2. Commercial Vehicles; 8.4. Market Analysis, Insights and Forecast – By Engine Type; 8.4.1. IC Engine; 8.4.2. Electric Vehicle; 8.5. Market Analysis, Insights and Forecast – By Country; 8.5.1. China; 8.5.1.1. By Vehicle Type; 8.5.1.1.1. Passenger Cars; 8.5.1.1.2. Commercial Vehicles; 8.5.2. India; 8.5.2.1. By Vehicle Type; 8.5.2.1.1. Passenger Cars; 8.5.2.1.2. Commercial Vehicles; 8.5.3. Japan; 8.5.3.1. By Vehicle Type; 8.5.3.1.1. Passenger Cars; 8.5.3.1.2. Commercial Vehicles; 8.5.4. South Korea; 8.5.4.1. By Vehicle Type; 8.5.4.1.1. Passenger Cars; 8.5.4.1.2. Commercial Vehicles; 8.5.5. Rest of Asia Pacific; 8.5.5.1. By Vehicle Type; 8.5.5.1.1. Passenger Cars; 8.5.5.1.2. Commercial Vehicles
9. Rest of the World Automotive Battery Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Analysis, Insights and Forecast – By Battery Type; 9.2.1. Lead Acid; 9.2.2. Lithium-Ion; 9.2.3. Others; 9.3. Market Analysis, Insights and Forecast – By Vehicle Type; 9.3.1. Passenger Cars; 9.3.2. Commercial Vehicles; 9.4. Market Analysis, Insights and Forecast – By Engine Type; 9.4.1. IC Engine; 9.4.2. Electric Vehicle
10. Competitive Analysis: 10.1. Key Industry Developments; 10.2. Global Market Share Analysis (2023); 10.3. Competition Dashboard; 10.4. Comparative Analysis – Major Players; 10.5. Company Profiles; 10.5.1. EXIDE INDUSTRIES LTD. (Kokata, India); 10.5.1.1. Overview; 10.5.1.2. Products & Services; 10.5.1.3. SWOT Analysis; 10.5.1.4. Recent Developments; 10.5.1.5. Strategies; 10.5.1.6. Financials (Based on Availability); 10.5.2. Panasonic Corporation (Osaka, Japan); 10.5.2.1. Overview; 10.5.2.2. Products & Services; 10.5.2.3. SWOT Analysis; 10.5.2.4. Recent Developments; 10.5.2.5. Strategies; 10.5.2.6. Financials (Based on Availability); 10.5.3. LG Chem (Seoul, South Korea); 10.5.3.1. Overview; 10.5.3.2. Products & Services; 10.5.3.3. SWOT Analysis; 10.5.3.4. Recent Developments; 10.5.3.5. Strategies; 10.5.3.6. Financials (Based on Availability); 10.5.4. GS Yuasa International Ltd. (Kyoto, Japan); 10.5.4.1. Overview; 10.5.4.2. Products & Services; 10.5.4.3. SWOT Analysis; 10.5.4.4. Recent Developments; 10.5.4.5. Strategies; 10.5.4.6. Financials (Based on Availability); 10.5.5. Robert Bosch GmbH. (Gerlingen, Germany); 10.5.5.1. Overview; 10.5.5.2. Products & Services; 10.5.5.3. SWOT Analysis; 10.5.5.4. Recent Developments; 10.5.5.5. Strategies; 10.5.5.6. Financials (Based on Availability); 10.5.6. Hitachi Group Ltd (Tokyo, Japan); 10.5.6.1. Overview; 10.5.6.2. Products & Services; 10.5.6.3. SWOT Analysis; 10.5.6.4. Recent Developments; 10.5.6.5. Strategies; 10.5.6.6. Financials (Based on Availability); 10.5.7. Contemporary Amperex Technology Co. Limited (Ningde, China); 10.5.7.1. Overview; 10.5.7.2. Products & Services; 10.5.7.3. SWOT Analysis; 10.5.7.4. Recent Developments; 10.5.7.5. Strategies; 10.5.7.6. Financials (Based on Availability); 10.5.8. A123 Systems (Michigan, US); 10.5.8.1. Overview; 10.5.8.2. Products & Services; 10.5.8.3. SWOT Analysis; 10.5.8.4. Recent Developments; 10.5.8.5. Strategies; 10.5.8.6. Financials (Based on Availability); 10.5.9. SAMSUNG SDI CO. LTD (South Korea); 10.5.9.1. Overview; 10.5.9.2. Products & Services; 10.5.9.3. SWOT Analysis; 10.5.9.4. Recent Developments; 10.5.9.5. Strategies; 10.5.9.6. Financials (Based on Availability); 10.5.10. BYD Company Ltd. (Shenzhen, China); 10.5.10.1. Overview; 10.5.10.2. Products & Services; 10.5.10.3. SWOT Analysis; 10.5.10.4. Recent Developments; 10.5.10.5. Strategies; 10.5.10.6. Financials (Based on Availability); 10.5.11. East Penn Manufacturing Company (Pennsylvania, US); 10.5.11.1. Overview; 10.5.11.2. Products & Services; 10.5.11.3. SWOT Analysis; 10.5.11.4. Recent Developments; 10.5.11.5. Strategies; 10.5.11.6. Financials (Based on Availability); 10.5.12. Exide Technologies (Georgia, US); 10.5.12.1. Overview; 10.5.12.2. Products & Services; 10.5.12.3. SWOT Analysis; 10.5.12.4. Recent Developments; 10.5.12.5. Strategies; 10.5.12.6. Financials (Based on Availability)