Global Automotive Rechargeable Battery Market by Type (Lead-acid Battery, Nickel Metal-Hydride Battery, Lithium-ion Battery, Others), By Application (Gasoline Engine, Diesel Engine, Electric Cars, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive rechargeable battery market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. Additionally, the increase in disposable income and technological advancements are also contributing factors to the growth of this market. The lead-acid battery segment is expected to dominate the global automotive rechargeable battery market during the forecast period owing to its low cost and high durability as compared to other types of batteries available in this market. However, with technological advancements, lithium-ion batteries are becoming more popular owing to their high energy density and longer life span as compared to other types of batteries available in this market.



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Product Definition:

An automotive rechargeable battery is a type of lead-acid battery that is used to power the starter motor in gasoline-powered vehicles. The main purpose of an automotive rechargeable battery is to start the engine, which then provides power to the rest of the vehicle.

Lead-acid Battery:

Lead-acid battery is a type of rechargeable battery that contains lead and acid, which are the main components for power generation. The lead-acid battery finds its major application in the automotive sector, where it is used as a source of energy for starting and charging vehicles as well as in portable devices such as flashlights. Lead-acid batteries also find their usage in other sectors including marine, UPS (uninterruptible power supply), forklift truck industry among others.

Nickel Metal-Hydride Battery:

Nickel metal hydride (NiMH) battery and its rechargeable battery counterparts are the next generation of batteries, replacing the old Nickel-Cadmium batteries. NiMH offers better performance as compared to NCDM in all conditions, but especially under low drain/low power conditions. The improved efficiency over conventional batteries has led to an increase in application scope for nickel metal hydride batteries across various end-use segments such as consumer electronics and automotive applications.

Application Insights:

The electric car segment is expected to emerge as the fastest-growing application, with a CAGR of XX% over the forecast period. The growth can be attributed to increasing government subsidies for promoting electric vehicles in various countries around the world. For instance, in Norway, consumers pay an extra USD 10 per month on top of their electricity bills for providing funding for new Nissan LEAF cars to be used by public transport authorities and schools across the country. Such initiatives are expected to drive demand over the coming years.

Electric engine applications include gasoline and diesel engines; both use rechargeable batteries during start-up or while running at low power levels due to high energy requirements or long distances covered between charges; however, they draw considerable power from these batteries when activated due largelyto increased energy requirements during cold weather conditions or at high altitudes where air density increases significantly reducing battery efficiency across all automotive applications including trucks.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high demand from key markets including China and India. In addition, increasing sales of EVs in countries such as Japan and South Korea are also anticipated to drive the growth of automotive rechargeable battery market in Asia Pacific region over the forecast period.

Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR close to 5% during the forecast years on account of rapid technological advancements across major economies including Germany, U.K., France, Italy among others which have led them being leaders when it comes about automobile production rates per capita etcetera’s).

Growth Factors:

Increasing demand for electric vehicles: The global automotive rechargeable battery market is expected to grow at a CAGR of more than 9% during the forecast period. This can be attributed to the increasing demand for electric vehicles, which is in turn fueled by the rising concerns about environmental pollution and climate change.
Growing popularity of hybrid vehicles: Another key growth driver for this market is the growing popularity of hybrid vehicles, as they offer better fuel efficiency as compared to traditional gasoline-powered cars. This is encouraging consumers to switch over to hybrid cars, thereby boosting demand for automotive rechargeable batteries.
Rising disposable income levels in developing countries: A major factor driving growth in this market is the rising disposable income levels in developing countries such as China and India, where a large population is now able to afford luxury items such as automobiles that require high-quality automotive rechargeable batteries.
Technological advancements: The ongoing technological advancements are also aiding growth in this market, with manufacturers introducing new and innovative products that are more efficient and have longer lifespans than their predecessors did. This helps ensure customer satisfaction and encourages them to invest in these batteries over timeframes exceeding those witnessed earlier on average sales cycles globally across all product segments within Automotive Rechargeable Battery industry including lead acid traction starting battery 12V 100Ah replacements upsells etc..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Rechargeable Battery Market Research Report
By Type
Lead-acid Battery, Nickel Metal-Hydride Battery, Lithium-ion Battery, Others
By Application
Gasoline Engine, Diesel Engine, Electric Cars, Others
By Companies
Johnson Controls, Delphi, Exide, GS Yuasa Corp AC Delco, Camel Group, EnerSys, Fengfan, Bosch, Furukawa, C&D Technologies, Amara Raja Batteries, BYD, CATL, Panasonic, Amaron, AtlasBX, Banner batteries, Chaowei Power, CSB Battery, EAST PENN Manufacturing, First National Battery, Midac Power, Narada Power, NorthStar Battery, Sacred Sun Power Sources, Tianneng 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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Rechargeable Battery Market Report Segments:
The global Automotive Rechargeable Battery market is segmented on the basis of:
Types
Lead-acid Battery, Nickel Metal-Hydride Battery, Lithium-ion 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
Gasoline Engine, Diesel Engine, Electric Cars, 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
GS Yuasa Corp AC Delco
Camel Group
EnerSys
Fengfan
Bosch
Furukawa
C&D Technologies
Amara Raja Batteries
BYD
CATL
Panasonic
Amaron
AtlasBX
Banner batteries
Chaowei Power
CSB Battery
EAST PENN Manufacturing
First National Battery
Midac Power
Narada Power
NorthStar Battery
Sacred Sun Power Sources
Tianneng Power



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Highlights of The Automotive Rechargeable 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:
Lead-acid Battery
Nickel Metal-Hydride Battery
Lithium-ion Battery
Others
By Application:
Gasoline Engine
Diesel Engine
Electric Cars
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 Automotive Rechargeable 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

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