Global Motor Vehicle Battery Market Growth 2023-2029

Global Motor Vehicle Battery Market Growth 2023-2029

Motor vehicle battery is an automotive battery that powers the starter motor, the lights, and the ignition system of a vehicle's engine, mainly in combustion vehicles. Motor vehicle battery is 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 “Motor Vehicle Battery Industry Forecast” looks at past sales and reviews total world Motor Vehicle Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Vehicle Battery sales for 2023 through 2029. With Motor Vehicle Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Vehicle Battery industry.

This Insight Report provides a comprehensive analysis of the global Motor Vehicle Battery 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 Motor Vehicle Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Motor Vehicle Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Vehicle Battery and breaks down the forecast by type, by application, 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 Motor Vehicle Battery.

The global Motor Vehicle Battery market size is projected to grow from US$ 23540 million in 2022 to US$ 29790 million in 2029; it is expected to grow at a CAGR of 29790 from 2023 to 2029.

EU is the largest Motor Vehicle Battery market with about 26% market share. China is follower, accounting for about 22% market share.

The key players are Johnson Controls, Exide Technologies, GS Yuasa, Sebang, Atlasbx, East Penn, Amara Raja, FIAMM, ACDelco, Bosch, Hitachi, Banner, MOLL, Camel, Fengfan, Chuanxi, Ruiyu, Jujiang, Leoch, Wanli etc. Top 3 companies occupied about 41% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Motor Vehicle Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Maintenance-free Battery

Conventional Battery

Segmentation by application

OEMs

Aftermarket

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

Exide Technologies

GS Yuasa

Sebang

Atlasbx

East Penn

Amara Raja

FIAMM

ACDelco

Bosch

Hitachi

Banner

MOLL

Camel

Fengfan

Chuanxi

Ruiyu

Jujiang

Leoch

Wanli

Key Questions Addressed in this Report

What is the 10-year outlook for the global Motor Vehicle Battery market?

What factors are driving Motor Vehicle Battery market growth, globally and by region?

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

How do Motor Vehicle Battery market opportunities vary by end market size?

How does Motor Vehicle Battery break out type, application?

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.