Global Automotive Battery Market by Battery Type (Lead-Acid Based, Lithium-Ion Based), by Vehicle Type (Electric Vehicles, Passenger Vehicles) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Outlook

In 2016, the global automotive battery market was worth USD 48.71 million. Due to the rapid growth of the automotive industry in emerging countries like Thailand, Indonesia, India and Vietnam, the market will see significant growth in the next few years. The demand for automotive batteries will be driven by growing consumer preference to hybrid and pollution-free vehicles over the forecast period.

A good automotive battery should be capable of providing adequate reserve capacity. This refers to the amount of electric energy the can produce when fully charged. The most common battery performance rankings include amperes (CCA), reserve capacity (RC), power (Watts), cold cranking amperes, amp-hours (AH), and power (Watts).

To ensure long-term success, EV manufacturing requires support policies from federal, state and local administrative bodies. It is also necessary for electric utility providers to create a standard platform and offer operational support for EVs. A favorable regulatory environment can be a powerful driver for electric vehicle sales, which can in turn help the market gain immense momentum over the forecast period.

Battery Type Insights

The market is divided into several battery types: lithium-ion-based, nickel-based and lead-acid-based. The construction type and product of the lead-acid market have been further divided. The second segment includes flow batteries as well as zinc batteries. With a market valuation of USD 30.46 trillion, the lead-acid segment was dominant in 2016.

Lead-acid, one of the oldest forms of energy storage, is still being used in many applications. Advanced lead-acid battery technology provides the start-stop functionality that improves the fuel efficiency of microhybrid vehicles. Due to their superior cold cranking performance and low cost, lead-acid batteries are primarily used in SLI applications for conventional vehicles. Lead-acid batteries have many key advantages. They are easy to manufacture, cost effective, can be discharged at high rates, require minimal maintenance, and have a superior starting capability.

It is expected that the segment based on lithium-ion will experience the fastest growth over the forecast period. Applications that require high-energy density solutions are where lithium-ion batteries can be found. They are used in a variety of applications, including notebook computers, cellular phones and hybrid cars.

Automotive manufacturers are making more electric vehicles, which is driving up the demand for lithium-ion batteries to be used as onboard energy storage. Automobile manufacturers are working to reduce the overall cost and increase vehicle range and energy densities while simultaneously lowering their overall costs. The battery industry and OEMs for automotive are constantly striving to lower the cost of their battery packs, thanks to the improved manufacturing processes and maturing supply chains for lithium-ion batteries.

Vehicle Type Insights

The market can be divided by vehicle type into passenger cars, commercial vehicles, and electric vehicles . In 2016, the largest share of the market was held by passenger vehicles. In 2016, the market's largest share was held by passenger vehicles.

The fastest growth is expected in the EV segment over the forecast period. With a total of 750 000 units sold around the world, 2016 was a record year for EV registrations. China was responsible for 40% of all electric cars sold in 2016. The growth in electric vehicles on the roads would result in an increase of charging infrastructure that is both privately and publicly available.

Despite an increase in electric car production, sales and deployment of Electric Vehicle Supply Equipment have declined. The rapid decline of battery costs and the increase in R&D investment are driving mass production.

EVs are the foundation of sustainable transport systems in the future. They also optimize urban and suburban infrastructure. Manufacturers must meet the sustainability targets set by regulators. According to the Paris Declaration on "Electro-Mobility and Climate Change & Call to Action", there will be 400 billion and 100 billion electric 3- and 4-wheelers by 2030.

Regional Insights

Asia Pacific is expected to experience the highest CAGR at 9.2% during the forecast period. The region's growth will be influenced by the increasing demand for automotive products in several countries, including South Korea and India. Industry expansion will likely be encouraged by the high sales of passenger cars and commercial cars. The regional market will benefit from the ongoing product development by different companies to produce high-performance, cost-efficient vehicles. APAC is also seeing government initiatives that provide subsidies based upon the price difference between EVs & Internal Combustion Engines (ICE)-enabled vehicles. The maximum limit for these subsidies is Yen 85,000.

In 2016, the North American market was dominant. Market growth is expected to be boosted by the strong presence of American lead-acid battery producers such as Odyssey, Johnson Controls and Exide in the U.S. The U.S. will see an increase in demand for electric cars in Mexico and the U.S. due to the government's increasing efforts to reduce carbon emissions by developing eco-friendly products.

Europe was a major producer of automobiles in the past. It is expected to remain so over the forecast period. The forecast period will see an increase in demand for automotive batteries due to the presence of major automotive manufacturers such as Jaguar, BMW and Mercedes Benz.

Automotive Battery Market Share Insights

Due to the many manufacturers, market competition is fierce. The market depends on manufacturers and raw material suppliers. Market players use a variety of strategies to consolidate their market position, including mergers & acquisitions and joint-ventures. Fluctuating raw materials prices will lead to high barriers for new entrants.

Companies with global capabilities are also key to the market. Companies based in North America and Europe have either established production units in China, or partnered with local companies to enter the Chinese market. Exide Technologies, for example, operates in China via its joint venture with Shenyang Dongbei Storage Battery Co. The joint venture was formed in July 2001. It has been a great help to the former company as it established its foothold on the emerging market.

A123 Systems, LLC, BYD Company., Ltd., East Penn Manufacturing Company, EnerSys, Exide Technologies, GS Yuasa Corporation are key players in this market.

Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including the country, regional and global. It also provides analysis of the most recent trends and opportunities within each sub-segment over the forecast period. Grand View Research has divided the global automotive battery market report by type, region, and vehicle type.

• Battery Type Outlook (Revenue USD Billion, 2014-2025)

  • Lithium-ion is a lithium-ion-based

  • Lead-acid is a base

    • Types of construction

      • VRLA Battery

      • Flooded

    • Product

      • SLI

      • Stationary

      • Motive

  • Nickel-based

  • Sodium-ion

  • Other

• Vehicle Type Outlook (Revenue USD Billion, 2014-2025)

  • Passenger vehicles

  • Commercial vehicles

  • Electric vehicles

    • BEV

    • PHEV

  • Other

• Regional Outlook (Revenue USD Billion, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • The Middle East and Africa (MEA).

Up Market Research published a new report titled “Automotive Battery Market research report which is segmented by Battery Type (Lead-Acid Based, Lithium-Ion Based), by Vehicle Type (Electric Vehicles, Passenger Vehicles), By Players/Companies BYD Co, East Penn Manufacturing Company, A123 Systems, GS Yuasa Corporation, EnerSys, Ltd, LLC, Exide Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Battery Market Report Segments:

The market is segmented by Battery Type (Lead-Acid Based, Lithium-Ion Based), by Vehicle Type (Electric Vehicles, Passenger Vehicles).

Automotive Battery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Battery Market

Overview of the regional outlook of the Automotive Battery Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Battery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Battery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Lead-Acid Based

                2. Lithium-Ion Based

                1. Electric Vehicles

                2. Passenger Vehicles

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Automotive Battery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.