Market Overview:
The global automotive storage battery market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and hybrid vehicles. In addition, the increase in disposable income and technological advancements are also contributing to the growth of this market. The traditional lead-acid storage battery segment is expected to dominate the global automotive storage battery market during the forecast period. This segment is projected to grow at a CAGR of 5% from 2018 to 2030.
Product Definition:
An automotive storage battery is a rechargeable battery that supplies electrical energy to an automobile. It is usually located in the engine compartment and is used to start the car's engine.
Traditional Lead-acid Storage Battery:
Traditional Lead-acid storage battery is a type of secondary battery that consists of an electrolyte solution, which acts as a conductor for electron movement between the positive and negative electrodes. The traditional lead-acid storage batteries are used in automotive applications including starting systems and power backup. They are also used in portable devices including flashlights, cell phones & PDA’s, toys & games, etc.
Maintenance Free Storage Battery:
Maintenance-free storage battery is a type of rechargeable battery that has no liquid electrolyte and hence it does not require maintenance. These batteries are designed to provide high energy density, long life, and stable voltage output. They have higher power density as compared to conventional batteries having the same weight or volume. Maintenance free storage battery finds its major application in automotive applications such as starting systems, lighting & electronic accessories, emergency powering system for warning signals etc.
Application Insights:
The passenger vehicles segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. Automotive storage batteries are used in various applications, such as powertrain, lighting, body electronics and entertainment systems. The heavy-duty commercial vehicle segment is expected to witness a CAGR of XX% from 2017 to 2018 owing to increasing demand for electric vehicles across developed economies including Germany, U.K., France and Japan.
The light-duty commercial vehicle application segment was valued at USD 1 billion in 2016 owing to high product demand worldwide especially from countries like China with rapidly growing fleet size of these vehicles.
Regional Analysis:
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing demand for automobiles in countries such as China, India, and Japan. The growing population in these countries has led to an increase in the number of vehicles on roads which has increased the need for automotive storage batteries.
North America accounted for a major share of revenue generation owing to early adoption of electric cars and hybrid cars along with stringent government regulations regarding carbon emissions from automobiles. Thus, North America is expected to witness slow growth as compared other regions due to lack of new product launches by major players coupled with saturation market condition prevailing since past few years. However, recent developments such as introduction of Tesla's Model 3 car are expected boost regional demand over next few years.
Europe was valued at USD X billion in 2017 and is estimated grow at a CAGR close-to-zero rate during the forecast period owing high penetration rates observed across several European countries including Germany, U K.
Growth Factors:
- Increasing demand for electric vehicles: The global automotive storage battery market is expected to grow at a CAGR of over 7% 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 factor driving the growth of this market is the growing popularity of hybrid vehicles, as they offer better fuel efficiency as compared to traditional gasoline-powered cars.
- Rising disposable income levels: A third major growth driver for this market is rising disposable income levels, especially in developing countries such as China and India, which are witnessing a rapid increase in vehicle ownership rates.
- Technological advancements: The advent of new technologies such as lithium-ion batteries has led to significant improvements in automotive storage battery performance and durability, thereby boosting demand for these batteries across all vehicle segments worldwide. 5) Stringent government regulations mandating use of energy-efficient automotive storage batteries: Governments around the world are increasingly implementing stringent regulations mandating use or promotion of energy-efficient automotive storage batteries, which is providing a major boost to this market’s growth prospects
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Storage Battery Market Research Report
By Type
Traditional Lead-acid Storage Battery, Maintenance Free Storage Battery
By Application
Passenger Vehicles, Medium Commercial Vehicles, Heavy Duty Commercial Vehicles, Light Duty Commercial Vehicles
By Companies
Johnson Controls, Delphi, Exide Technologies, GS Yuasa, AC Delco, Fengfan, China Camel, Coslight, Chilwee Group, Ford Motor, Johnson Controls, Britannica, LG Chem, EnerG2, sbsbattery, Solvay, Ellis Battery, Micromeritics
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Storage Battery Market Report Segments:
The global Automotive Storage Battery market is segmented on the basis of:
Types
Traditional Lead-acid Storage Battery, Maintenance Free Storage 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 Vehicles, Medium Commercial Vehicles, Heavy Duty Commercial Vehicles, Light Duty Commercial Vehicles
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
- GS Yuasa
- AC Delco
- Fengfan
- China Camel
- Coslight
- Chilwee Group
- Ford Motor
- Johnson Controls
- Britannica
- LG Chem
- EnerG2
- sbsbattery
- Solvay
- Ellis Battery
- Micromeritics
Highlights of The Automotive 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:
- Traditional Lead-acid Storage Battery
- Maintenance Free Storage Battery
- By Application:
- Passenger Vehicles
- Medium Commercial Vehicles
- Heavy Duty Commercial Vehicles
- Light Duty Commercial Vehicles
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 storage battery is a type of lead-acid battery used in automobiles, trucks, and other vehicles. Automotive storage batteries are designed to provide power during a short period of time (such as starting the engine) or when the vehicle is not being used (such as when it's parked).
Some of the key players operating in the automotive storage battery market are Johnson Controls, Delphi, Exide Technologies, GS Yuasa, AC Delco, Fengfan, China Camel, Coslight, Chilwee Group, Ford Motor, Johnson Controls, Britannica, LG Chem, EnerG2, sbsbattery, Solvay, Ellis Battery, Micromeritics.
The automotive storage battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive 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 Automotive Storage Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive 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 Automotive 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 Automotive Storage Battery Market Size & Forecast, 2020-2028
4.5.1 Automotive Storage Battery Market Size and Y-o-Y Growth
4.5.2 Automotive 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 Traditional Lead-acid Storage Battery
5.2.2 Maintenance Free Storage 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 Vehicles
6.2.2 Medium Commercial Vehicles
6.2.3 Heavy Duty Commercial Vehicles
6.2.4 Light Duty Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive 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 Automotive 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 Traditional Lead-acid Storage Battery
9.6.2 Maintenance Free Storage 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 Vehicles
9.10.2 Medium Commercial Vehicles
9.10.3 Heavy Duty Commercial Vehicles
9.10.4 Light Duty Commercial Vehicles
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 Traditional Lead-acid Storage Battery
10.6.2 Maintenance Free Storage 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 Vehicles
10.10.2 Medium Commercial Vehicles
10.10.3 Heavy Duty Commercial Vehicles
10.10.4 Light Duty Commercial Vehicles
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 Traditional Lead-acid Storage Battery
11.6.2 Maintenance Free Storage 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 Vehicles
11.10.2 Medium Commercial Vehicles
11.10.3 Heavy Duty Commercial Vehicles
11.10.4 Light Duty Commercial Vehicles
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 Traditional Lead-acid Storage Battery
12.6.2 Maintenance Free Storage 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 Vehicles
12.10.2 Medium Commercial Vehicles
12.10.3 Heavy Duty Commercial Vehicles
12.10.4 Light Duty Commercial Vehicles
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 Traditional Lead-acid Storage Battery
13.6.2 Maintenance Free Storage 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 Vehicles
13.10.2 Medium Commercial Vehicles
13.10.3 Heavy Duty Commercial Vehicles
13.10.4 Light Duty Commercial Vehicles
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 Storage Battery Market: Competitive Dashboard
14.2 Global Automotive 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 GS Yuasa
14.3.5 AC Delco
14.3.6 Fengfan
14.3.7 China Camel
14.3.8 Coslight
14.3.9 Chilwee Group
14.3.10 Ford Motor
14.3.11 Johnson Controls
14.3.12 Britannica
14.3.13 LG Chem
14.3.14 EnerG2
14.3.15 sbsbattery
14.3.16 Solvay
14.3.17 Ellis Battery
14.3.18 Micromeritics
