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Automotive Battery Market 2024-2030: Impact of Sustainability Initiatives and Recycling in Battery Manufacturing

Submitted by nandini123 on Wed, 11/06/2024 - 02:11

Automotive Battery Market was valued at US$ 18.73 Bn in 2023 and is expected to grow US$ 24.98 Bn by 2030, at a CAGR of 4.2% during the forecast period.

Automotive Battery Market Report Overview:

The analysis within the Automotive Battery market report encompasses a market forecast, presenting insights into a dynamic and thriving sector. With the report's findings at their disposal, industry stakeholders are equipped to make well-informed decisions. The comprehensive Automotive Battery market research serves as a strategic tool to gain a competitive advantage over rivals, securing sustained success within the contemporary economy. Inside the Automotive Battery market report analysis, one can find detailed information encompassing various industry facets, spanning methodologies, models, and prominent competitors operating across diverse regions.

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Automotive Battery Market Report Scope and Research Methodology:

The primary goal of this report is to present a comprehensive analysis of the Automotive Battery market in straightforward language. Utilizing research methodologies like PESTLE and Porter's five forces analysis, market analysts and researchers have conducted an in-depth assessment of the global Automotive Battery market. They have provided accurate and dependable market data, along with valuable insights aimed at helping companies achieve a clearer understanding of current and forthcoming industry conditions. The report encompasses a detailed examination of major segments and their contributions to the overall market size in the Automotive Battery domain.

Furthermore, the report features regional and country-wise revenues within the Automotive Battery market. Profiles of key players in the global Automotive Battery market are extensively covered in the study. The research also outlines investment opportunities, recommendations, and ongoing trends across the global Automotive Battery market. As a result of this analysis, major companies operating in the global Automotive Battery market will be better equipped to make informed decisions and formulate effective strategies, enabling them to stay at the forefront of the industry's evolution.

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Automotive Battery Market Regional Insights

The report features Regional Insights that provide clients with comprehensive understanding of the Automotive Battery market at a regional scale. Grasping local energy dynamics, economic conditions, political factors, and geographic nuances is crucial for comprehending regional shifts within the Automotive Battery market. The interplay of the Automotive Battery market significantly influences local developmental strategies. This report encompasses regional considerations influencing the Automotive Battery market, as well as their implications for domestic growth within specific countries.

Automotive Battery Market Segmentation:

by Battery Type

Lead Acid
Nickel Metal Hybrid
Lithium-Ion
Others

The lead-acid based category accounted for 39% of the global automotive battery market, which was the greatest market share by battery type. Because these batteries are reliable, abuse-tolerant, and tried-and-true, they are mostly utilized in automotive SLI (Starting, Lighting, and Ignition) applications. They have a higher starting capacity, low maintenance requirements, high discharge rates, and are simpler and less expensive to manufacture.

by Vehicle Type

Passenger
Commercial
Electric
Other

With over 50% of the worldwide automotive battery market throughout the projection period, the electric vehicle category is leading the industry in terms of vehicle type. An increase in the number of electric vehicles on the road would encourage the expansion of both publicly and privately accessible charging stations. The majority of electric car batteries have an 8–10 year or 160,000 km guarantee. Additionally, a large number of auto battery manufacturers are making significant investments in research and development in order to develop new automobile batteries, mostly for electric vehicles.

by Battery Technology

SLI
AGM
Deep Cycle
Wet Cell
Others

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Automotive Battery Market Key players:

1. Johnson Controls International plc.
2. Haldex Incorporated
3. ZF TRW Automotive Holdings Corporation
4. Hitachi Ltd.
5. EnerSys
6. Furukawa Electric Co. Ltd.
7. Leoch International Tech
8. GS Yuasa Corporation
9. Crown Battery Manufacturing Company
10.Exide Industries Limited
11.East Penn Manufacturing Co., Inc.
12.Camel Group Co., Ltd.
13.FIAMM S.p.A.
14.Fengfan Co., Ltd.
15.Douglas Battery
16.Zhejiang Narada Power Source Co. Ltd.
17.Shandong Sacred Sun Power Sources Co., Ltd.
18.Zhejiang Haijiu Battery Co., Ltd.
19.Chaowei Power Holdings Ltd.
20.Robert Bosch GmbH
21.MK Battery
22.Amara Raja Group
23.SANYO Electric Co.,Ltd
24.Hitachi, Ltd.

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Key questions answered in the Automotive Battery Market report:

What is the growth potential of the Automotive Battery markets?
Which segment will grow at a steady pace?
What are the main challenges that the global Automotive Battery market could face in the future?
What are the leading companies in the world market of Automotive Battery?
What are the main trends that have a positive impact on the growth of the market?
What are the growth strategies envisaged by the players to maintain their grip on the global market for Automotive Battery?
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Key Offerings:

Market Overview
Market Share
Market Size
Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments, sub-segments and region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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