Market Overview:
The global auto storage battery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. Additionally, the growing awareness about environment-friendly options for transportation is also propelling the demand for auto storage batteries. The global auto storage battery market by type is segmented into nickel-cadmium batteries, nickel metal hydride (NiMH) batteries, and lithium ion (Li-ion) batteries. The NiMH battery segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030, owing to its high capacity and low weight as compared with other types of batteries available in the market.
Product Definition:
A storage battery is a device that stores chemical energy and makes it available in an electrical form. Storage batteries are used in automobiles, electric vehicles, railway locomotives, ships, aircraft and portable generators.
Nickel-cadmium Batteries:
Nickel-cadmium (NiCad) batteries are used in a variety of applications including power tools, portable devices, and electric vehicles. The key benefit of these batteries is that they can be recharged from any ordinary electrical source such as a car battery. However, the rechargeable feature makes these batteries highly vulnerable to damage and reduces their lifespan.
NiMH Batteries:
NiMH batteries are Nickel Metal Hydride (NiMH) rechargeable batteries, which are used in a variety of consumer electronic products such as digital cameras, portable media players, and cell phones. NiMH offers several benefits over traditional lithium-ion batteries including high charging efficiency & faster recycle time.
Application Insights:
The passenger car segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing number of young population, especially in countries such as Germany, China and India is expected to have a positive impact on automotive storage battery demand for passenger cars.
Commercial vehicles are also estimated to grow at a lucrative rate owing to their increasing usage across construction sites, mining sites and agricultural fields. These heavy-duty batteries are used in forklifts, material handling equipment among others which require long distances between charges. Growing commercial construction activities across developing nations such as Brazil, Indonesia and Malaysia are expected to drive product demand over the forecast period.
Regional Analysis:
The North American regional market dominated the global auto storage battery market in 2016 and is expected to continue its dominance over the forecast period. The presence of prominent players, technological advancements, high vehicle sales are some of the major factors contributing to this growth. In addition, growing demand for electric vehicles is also expected to drive this industry growth over the coming years.
Asia Pacific region accounted for a significant share in 2016 owing to increasing automotive production and sales across emerging economies such as China and India. Increasing penetration of electric vehicles is also anticipated to fuel industry expansion over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for auto storage batteries, as they are used to power these vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles by providing subsidies and incentives. This is expected to drive the growth of the auto storage battery market during the forecast period.
- Development of advanced technologies: The development of advanced technologies such as lithium-ion batteries is expected to fuel the growth ofthe auto storage battery market duringthe forecast period. These batteries offer high performance and longer life cycle, which is why they are being increasingly adopted in electric vehicles..
Scope Of The Report
Report Attributes
Report Details
Report Title
Auto Storage Battery Market Research Report
By Type
Nickel-cadmium Batteries, NiMH Batteries, Lithium Ion Battery
By Application
Passenger Car, Commercial Vehicle, Others
By Companies
Johnson Controls, Delphi, Exide Technologies, Bosch, Ford Motor, GS Yuasa, AC Delco, ChinaCamel, Coslight, Fengfan, Johnson Controls
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Auto Storage Battery Market Report Segments:
The global Auto Storage Battery market is segmented on the basis of:
Types
Nickel-cadmium Batteries, NiMH Batteries, Lithium Ion Battery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- Delphi
- Exide Technologies
- Bosch
- Ford Motor
- GS Yuasa
- AC Delco
- ChinaCamel
- Coslight
- Fengfan
- Johnson Controls
Highlights of The Auto Storage Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nickel-cadmium Batteries
- NiMH Batteries
- Lithium Ion Battery
- By Application:
- Passenger Car
- Commercial Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auto Storage 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An auto storage battery is a type of rechargeable battery used in automobiles. It provides power to the car's electrical system when the car is not being driven, or when the engine is not running.
Some of the key players operating in the auto storage battery market are Johnson Controls, Delphi, Exide Technologies, Bosch, Ford Motor, GS Yuasa, AC Delco, ChinaCamel, Coslight, Fengfan, Johnson Controls.
The auto storage battery market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auto Storage Battery Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Auto Storage Battery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Auto Storage Battery Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Auto Storage Battery Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Auto Storage Battery Market Size & Forecast, 2020-2028 4.5.1 Auto Storage Battery Market Size and Y-o-Y Growth 4.5.2 Auto Storage Battery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Nickel-cadmium Batteries
5.2.2 NiMH Batteries
5.2.3 Lithium Ion Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auto Storage Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auto Storage Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Nickel-cadmium Batteries
9.6.2 NiMH Batteries
9.6.3 Lithium Ion Battery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Nickel-cadmium Batteries
10.6.2 NiMH Batteries
10.6.3 Lithium Ion Battery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Nickel-cadmium Batteries
11.6.2 NiMH Batteries
11.6.3 Lithium Ion Battery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Nickel-cadmium Batteries
12.6.2 NiMH Batteries
12.6.3 Lithium Ion Battery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Nickel-cadmium Batteries
13.6.2 NiMH Batteries
13.6.3 Lithium Ion Battery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auto Storage Battery Market: Competitive Dashboard
14.2 Global Auto Storage Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 Delphi
14.3.3 Exide Technologies
14.3.4 Bosch
14.3.5 Ford Motor
14.3.6 GS Yuasa
14.3.7 AC Delco
14.3.8 ChinaCamel
14.3.9 Coslight
14.3.10 Fengfan
14.3.11 Johnson Controls