Global Car Batteries Market Growth 2023-2029

Global Car Batteries Market Growth 2023-2029

Car Batteries are batteries that powers the starter motor, mainly in combustion vehicles. Car Batteries are usually lead-acid type, and is made of six galvanic cells connected in series to provide a nominally 12-volt system.

LPI (LP Information)' newest research report, the “Car Batteries Industry Forecast” looks at past sales and reviews total world Car Batteries sales in 2022, providing a comprehensive analysis by region and market sector of projected Car Batteries sales for 2023 through 2029. With Car Batteries sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Car Batteries industry.

This Insight Report provides a comprehensive analysis of the global Car Batteries landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Car Batteries portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Car Batteries market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Car Batteries and breaks down the forecast by type, by sales channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Car Batteries.

The global Car Batteries market size is projected to grow from US$ 22250 million in 2022 to US$ 30830 million in 2029; it is expected to grow at a CAGR of 30830 from 2023 to 2029.

Europe is the largest market with about 24% market share. China is follower, accounting for about 22% market share.

The key players are Johnson Controls, GS Yuasa, Exide Technologies, Hitachi Chemical, Camel Group, Sebang, Atlas BX, CSIC Power, East Penn, Banner Batteries, Chuanxi Storage, Exide Industries, Ruiyu Battery, Amara Raja etc. Top 3 companies occupied about 55% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Car Batteries market by product type, sales channel, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
VRLA Battery
Flooded Battery
Other

Segmentation by sales channel
OEM
Automotive Channel
Ecommerce
Wholesale Clubs
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Johnson Controls
GS Yuasa
Exide Technologies
Hitachi Chemical
Camel Group
Sebang
Atlas BX
CSIC Power
East Penn
Banner Batteries
Chuanxi Storage
Exide Industries
Ruiyu Battery
Amara Raja

Key Questions Addressed in this Report

What is the 10-year outlook for the global Car Batteries market?

What factors are driving Car Batteries market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Car Batteries market opportunities vary by end market size?

How does Car Batteries break out type, sales channel?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.