Global Light Vehicle Batteries Market 2024-2028
Light Vehicle Batteries Market 2024-2028
The light vehicle batteries market is forecasted to grow by USD 26.8 bn during 2023-2028, accelerating at a CAGR of 10.5% during the forecast period. The report on the light vehicle batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulations on ghg emissions from automobiles, rising urbanization, and declining li-ion battery prices.
Technavio's light vehicle batteries market is segmented as below:
By Application
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising number of collaborations between market vendors as one of the prime reasons driving the light vehicle batteries market growth during the next few years. Also, advances in battery technologies and technological advances in automotive industry will lead to sizable demand in the market.
The report on the light vehicle batteries market covers the following areas:
- Light Vehicle Batteries Market sizing
- Light Vehicle Batteries Market forecast
- Light Vehicle Batteries Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light vehicle batteries market vendors that include 3M Co., A123 Systems LLC, Altairnano, Banner GmbH, CLARIOS LLC, EcoBat Battery Technologies, Exide Industries Ltd., FIAMM Energy Technology Spa, Furukawa Electric Co. Ltd., General Motors Co., GS Yuasa International Ltd., Johnson Matthey Plc, LG Chem Ltd., Nissan Motor Co. Ltd., Panasonic Holdings Corp., Robert Bosch Stiftung GmbH, Samsung SDI Co. Ltd., Suzuki Motor Corp., The BYD Motors Inc., and Toshiba Corp.. Also, the light vehicle batteries market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.