Global RV Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global RV Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

RV Battery is usually divided into two types: lead-acid battery and lithium battery. Lead-acid batteries are cheaper, while lithium batteries have superior performance. This battery can be used in RVs, boats, tiny homes, etc. It is one of the essential equipment for people to chase freedom and comfortable nomadic life.

Market Overview:

The latest research study on the global RV Battery market finds that the global RV Battery market reached a value of USD 407.48 million in 2022. It’s expected that the market will achieve USD 525.48 million by 2028, exhibiting a CAGR of 4.33% during the forecast period.

At the beginning of the epidemic, the industry was affected by factory closures, sluggish personnel flow, and insufficient raw materials, which caused sales to fall. However, this phenomenon is changing with the rapid growth of sales in downstream industries. The COVID-19 outbreak has caused more and more people to temporarily lose confidence in public transportation. They believe that RVs can help maintain a suitable distance without affecting their travel plans. Therefore, many people bought or plan to buy RVs during the epidemic. According to RVIA's 2020 survey, it is estimated that 46 million people in the United States will travel by RV this year. As an industry that is positively corelated with the RV industry, RV batteries have actually benefited from the epidemic. Those who have bought RVs will have a long-term demand for batteries. The increase in sales of RVs is not only emptying manufacturers' inventories and pushing them to make more vehicles, but also laying the foundation for future secondary market transactions. Therefore, whether in the short or long term, the positive impact of the epidemic on the industry is greater than the negative impact.

Increasing downstream demand

The pressure of the city and the busy life-style make many people expect to live a natural, free life, or to be able to travel on the go. And RVs, Tiny homes or other ways provide ideal choices for people who want to stay away from others. As they that provide transportation and temporary housing for travel, entertainment and camping, they have become more and more popular in recent years. The RV Industry Association (RVIA) stated that in the past 10 years, RVs have received strong interest from young people, active outdoor lifestyles, and baby boomers who are about to retire. RV has achieved strong growth. According to Condorferrie, more than 11% of American households own RVs. The development of the downstream industry has undoubtedly brought incremental opportunities for RV batteries. This not only increases the sales of original batteries, but also brings potential consumer power to the secondary market, and is one of the important driving forces.

Increasing Competition

The concentration of this market is relatively high, with top 5 companies occupying nearly 60% of the market share. The brand effect is not conducive to the development of other companies and new entrants. Unless there are significant technological breakthroughs or willing to give benefits to downstream customers, it is difficult to get full recognition. In addition, in recent years, leading companies have tried to gain more market share by acquiring technologically advanced companies to compensate for their own technical, product or market defects. The competitive landscape is strengthening, which is not conducive to the long-term development of the industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

Clarios, Exide Technologies, East Penn Manufacturing, EnerSys and GS Yuasa are the five key players in the global RV Battery market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global RV Battery market in the past 5 years.

Clarios

Clarios, formerly Johnson Controls Power Solutions, is a supplier of advanced energy storage solutions. Headquartered in the United States, it serves customers worldwide and employs 16,000 employees.

Exide Technologies

Exide Technologies is an American multinational lead-acid battery manufacturing company. It manufactures automotive batteries and industrial batteries. It is headquartered in Milton, Georgia, USA.

Segmentation Overview:

By type, Lead Acid Batteries segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Aftermarket segment occupied the biggest share from 2017 to 2022.

OEM

OEM (Original Equipment Manufacturer) refers to the production by the entrusted manufacturer according to the needs and authorization of the manufacturer of the sample, and according to the specific conditions of the manufacturer. All design drawings, etc. are manufactured and processed completely in accordance with the design of the sample manufacturer.

Aftermarket

Aftermarket refers to the secondary market of the automotive industry, which involves the manufacturing, wholesale, retail and installation of automotive parts, chemicals, lubricants, tools, accessories and decorations.

Key Companies in the global RV Battery market covered in Chapter 3:

Banner
EnerSys
East Penn Manufacturing
Lifeline Batteries
GS Yuasa
Universal Power Group
Clarios
Trojan Battery
U.S. Battery Manufacturing
Exide Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the RV Battery market from 2018 to 2029 is primarily split into:

Lead Acid Batteries
Lithium RV Batteries

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the RV Battery market from 2018 to 2029 covers:

OEM
Aftermarket

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)