Automotive Battery Market Size & Forecast Report, 2014 - 2025

Global Automotive Battery Market is expected to reach USD 95.57 billion by 2025 as the scope and its applications are rising enormously across the globe. An automotive Battery is termed as a rechargeable battery that supplies electrical current to a motor vehicle to start an engine. Alternator supply power for the car's electrical system. The automotive battery industry is expected to grow at a CAGR of 7.9% in the forecast period.

The rising number of electric cars on the road, high investment in the research and development sector, and rising government initiative to reduce carbon emission are documented as major factors of the Automotive Battery Market that are estimated to enhance the growth in the years to come. Also, vast growth in the automotive sector, rising consumer preference for pollution-free cars, and high demand from developing countries are other factors estimated to grow in coming years. The Automotive Battery Market is segmented based on vehicle type, battery type, and region.

Commercial vehicles, passenger vehicles, two-wheelers, electric vehicles, and others are the vehicle types that could be explored in Automotive Battery in the future period. Commercial vehicles may be heavy commercial vehicles or light commercial vehicles. The passenger vehicle sector accounted for the largest market share of Automotive batteries and is estimated to lead the overall market in the coming years. Electric vehicles include plug-in hybrid electric vehicles (PHEV) and battery electric vehicles (BEV). In 2016, China sold more than 40% of the total electric cars. However, the electric vehicle sector is estimated to grow at the fastest pace in the coming years.

There are various types of batteries like nickel-cadmium, lead-acid battery, lithium-ion, and others that could be explored in Automotive Battery in the foremost period. Lead-acid batteries may be sealed and flooded. The lead-acid battery sector accounted for the largest market share and is estimated to lead the overall market in the coming years. These are efficient with a high discharge rate, effortless in manufacturing, higher starting capability, and nominal maintenance. Lithium-ion (Li-ion) batteries are commonly used rechargeable batteries with double the energy density of Nickel-Cadmium batteries and superior constancy and security. Lithium (Li) is the lightest of all metals, has the maximum electrochemical potential, and offers a high energy density for weight.

Globally, Asia Pacific accounted for the largest market share and is estimated to lead the market in the coming years. Also, estimated to grow at the highest CAGR of 9.2% in the years to come. This may be because of high demand in developing countries, high sales of motorcycles, commercial cars, and passenger cars, and the production of enhanced and cost-efficient vehicles. Developing countries like India and China are the major consumers of Automotive batteries in this region.

However, in 2016, North America led the market. This may be because of the presence of key manufacturers in the region and the rising demand for electric vehicles in Mexico and the United States. The United States is a major consumer of Automotive batteries in the region, a government initiative to reduce carbon emission by manufacturing eco-friendly products. Instead, Europe is also estimated to have a positive influence on future growth.

The key players in the Automotive Battery Market are GS Yuasa Corporation, A123 Systems, Exide Technologies, BYD Co. Ltd., EnerSys, and East Penn Manufacturing Company. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Automotive Battery Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Lithium-ion based
    • Lead-acid based
        • Construction type
            • VRLA battery
            • Flooded
        • Product
            • SLI
            • Stationary
            • Motive
    • Nickel-based
    • Sodium-ion
    • Others

Automotive Battery: Vehicle Type Outlook (Revenue, USD Billion, 2014 - 2025)
    • Passenger vehicles
    • Commercial vehicles
    • Electric vehicles
        • BEV
        • PHEV
    • Others

Automotive Battery: Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • the U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • the U.K.
        • France
    • the Asia Pacific
        • China
        • Japan
        • India
    • South America
        • Brazil
    • the Middle East and Africa (MEA)