Market Overview:
The global automotive battery module market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs). Additionally, the increasing focus on vehicle lightweighting is also contributing to the growth of this market. The lead-acid batteries segment is expected to dominate the global automotive battery module market in terms of revenue during the forecast period. This segment accounted for a majority share of more than 60% in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
An automotive battery module is a collection of small batteries that work together to power a car. The importance of an automotive battery module is that it provides electrical power to the vehicle's systems, including the engine, starter, and lights.
Lead-acid Batteries:
Lead-acid batteries are the most commonly used type of battery in the automotive industry. They have a high energy density, low self-discharge rate and they can be recycled easily. These properties make them suitable for use in numerous applications including starting systems, power modules and electric & hybrid vehicles among others. The growing demand for automobiles across the globe is expected to drive market growth over the forecast period.
Lithium Battery:
Lithium-ion (Li-ion) batteries are commonly used in portable electronic devices such as smartphones, tablets, and laptops. They are also used in electric vehicles (EV), power tools, digital cameras, and other applications where high power is required but weight is a constraint. Li-ion batteries have the ability to deliver high currents for short periods of time; this makes them ideal for use in consumer electronics that require small storage spaces.
Application Insights:
The battery electric vehicle (BEV) segment dominated the global automotive battery module market in terms of revenue share in 2017. The increasing production of electric vehicles, especially in China and U.S., is expected to drive the demand for automotive batteries over the forecast period.
The HEV segment is anticipated to witness significant growth over the forecast period owing to increased government funding and initiatives for developing advanced energy systems within commercial transportation fleets globally. For instance, as per a 2016 press release by U.S Department of Energy, $ bail out funds that were provided by Congress have been used to purchase 1,000 hybrid buses from Daimler AG; with an option for another 2,000 hybrid buses if sufficient funding can be raised again through private sources or bail out funds provided by other governments or foundations ¢â‚¬Ëœ such as Germany's Federal Ministry of Education and Research (MEXT).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing sales of electric vehicles in China and India. The European region accounted for a significant share of global revenue in 2017, which can be attributed to stringent emission norms and high demand for premium cars with superior performance.
The North American regional market captured a higher revenue share than other regions due to growing emphasis on fuel economy by U.S.-based automobile manufacturers such as Ford Motors Company and General Motors Company along with government initiatives favoring electric vehicles in Mexico. Moreover, rising environmental concerns have resulted in increased sales of lightweight materials, which are used extensively during vehicle manufacturing processes; this trend is projected to further boost automotive battery production capacities across various countries worldwide over the coming years.
Growth Factors:
- Increasing demand for electric vehicles: The global automotive battery module market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for electric vehicles, which is in turn fueled by factors such as rising environmental concerns and government initiatives toward promoting the use of electric vehicles.
- Growing popularity of hybrid cars: Another key factor driving the growth of this market is the growing popularity of hybrid cars, as they require high-performance automotive battery modules.
- Rising disposable income levels: A rise in disposable income levels among consumers across regions is also propelling growth in this market, as it leads to an increase in spending on luxury items such as high-end automobiles that require advanced automotive battery modules for their functioning.
- Technological advancements: The development and commercialization of new technologies are also aiding growth in this market, as they enable manufacturers to introduce innovative products that offer better performance and durability than traditional batteries modules currently available in the marketplacespace . This has resulted in an increased adoption rate of these products among consumers worldwide . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Battery Module Market Research Report
By Type
Lead-acid Batteries, Lithium Battery, Others
By Application
BEV, HEV
By Companies
Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls, CATL, GS Yuasa, Hitachi Group, Automotive Energy Supply, Blue Energy, Wanxiang, Beijing Pride Power
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Battery Module Market Report Segments:
The global Automotive Battery Module market is segmented on the basis of:
Types
Lead-acid Batteries, Lithium Battery, Others
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
BEV, HEV
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:
- Panasonic
- LG Chem
- BYD
- Samsung SDI
- Johnson Controls
- CATL
- GS Yuasa
- Hitachi Group
- Automotive Energy Supply
- Blue Energy
- Wanxiang
- Beijing Pride Power
Highlights of The Automotive Battery Module 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:
- Lead-acid Batteries
- Lithium Battery
- Others
- By Application:
- BEV
- HEV
- 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 Automotive Battery Module 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 automotive battery module is a type of rechargeable battery used in automobiles. Automotive battery modules are typically made up of several smaller batteries that are wired together and mounted in a single unit.
Some of the major companies in the automotive battery module market are Panasonic, LG Chem, BYD, Samsung SDI, Johnson Controls, CATL, GS Yuasa, Hitachi Group, Automotive Energy Supply, Blue Energy, Wanxiang, Beijing Pride Power.
The automotive battery module market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Battery Module 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 Automotive Battery Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Battery Module 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 Automotive Battery Module 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 Automotive Battery Module Market Size & Forecast, 2020-2028
4.5.1 Automotive Battery Module Market Size and Y-o-Y Growth
4.5.2 Automotive Battery Module 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 Lead-acid Batteries
5.2.2 Lithium Battery
5.2.3 Others
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 BEV
6.2.2 HEV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Battery Module 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 Automotive Battery Module 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 Lead-acid Batteries
9.6.2 Lithium Battery
9.6.3 Others
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 BEV
9.10.2 HEV
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 Lead-acid Batteries
10.6.2 Lithium Battery
10.6.3 Others
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 BEV
10.10.2 HEV
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 Lead-acid Batteries
11.6.2 Lithium Battery
11.6.3 Others
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 BEV
11.10.2 HEV
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 Lead-acid Batteries
12.6.2 Lithium Battery
12.6.3 Others
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 BEV
12.10.2 HEV
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 Lead-acid Batteries
13.6.2 Lithium Battery
13.6.3 Others
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 BEV
13.10.2 HEV
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 Automotive Battery Module Market: Competitive Dashboard
14.2 Global Automotive Battery Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 LG Chem
14.3.3 BYD
14.3.4 Samsung SDI
14.3.5 Johnson Controls
14.3.6 CATL
14.3.7 GS Yuasa
14.3.8 Hitachi Group
14.3.9 Automotive Energy Supply
14.3.10 Blue Energy
14.3.11 Wanxiang
14.3.12 Beijing Pride Power
