Market Overview:
The global battery terminal 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 automobiles and boats across the globe. Additionally, the growing demand for advanced battery terminals that offer enhanced performance is also contributing to the growth of this market. The wire-loaded battery terminal segment is expected to dominate the global battery terminal market during the forecast period owing to its high performance and durability. The cylindrical battery terminal segment is projected to grow at a higher CAGR than other segments during the forecast period, as it offers easy installation and better electrical conductivity as compared with other types of terminals available in the market.
Product Definition:
A battery terminal is a connector on a battery that allows electricity to flow in and out. The terminals are usually made of metal, and they have either a clamp or screw connection. Batteries typically have two terminals, one positive (+) and one negative (-). The positive terminal is always connected to the red wire, while the negative terminal is always connected to the black wire.
Wire-loaded Battery Terminal:
Wire-loaded battery terminal is a device used in electric vehicles to recharge the batteries. It's an improvement over plug-in charging as it allows faster charging time and does not require much space on the wall outlet. The key benefit of wire-loaded terminals is that they can charge batteries while vehicle is being driven. This eliminates need for parking, thus increasing driving range per full charge.
Cylindrical Battery Terminal:
Cylindrical battery terminal is a device used in Battery Terminal (BTE) market for connecting and disconnecting batteries. It has two metal contacts, which are generally placed in the form of an elongated hollow cylinder. The other end of the cylinder is closed and consists of a small diameter hole through which positive or negative battery cable can be passed to connect or disconnect the battery terminals respectively.
Application Insights:
The car application segment dominated the global battery terminal market in 2017. The growing demand for electric and hybrid vehicles is expected to have a positive impact on the growth of this segment over the forecast period. Countries such as China, Japan and Germany are focusing on increasing funding for ¢â‚¬Å“clean energy¢â‚¬ projects which include electric cars, wind power generation and solar panels installations, thereby driving the demand for batteries during 2018-2030.
Boat application is projected to witness significant growth over the forecast period owing to rising marine technology applications across recreational boats, commercial ships/yachts etcetera. Increasing spending on luxury yachts by companies & business owners as a status symbol or an indication of their wealth is expected to drive product demand globally during 2018-2030 yacht's lifespan from 2019 - 2030 (estimated).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for advanced batteries in countries, such as China and Japan. In addition, rising number of manufacturing facilities by key companies in this region is anticipated to boost demand for battery terminals over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to presence of major automobile manufacturers including Volkswagen Group; BMW AG; Mercedes-Benz AG Daimler AG; Jaguar Land Rover Limited.; and Volvo Car Corporation. These companies are focusing on development of electric vehicles which will fuel market growth over next eight years till 2030.
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 battery terminals.
- Growing popularity of renewable energy sources: Renewable energy sources such as solar and wind are becoming increasingly popular due to their environmental benefits. This will lead to an increase in the demand for battery terminals used in renewable energy applications.
- Rising investment in smart grid infrastructure: The global market for smart grids is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for battery terminals used in smart grid applications.
- Proliferation of IoT devices: The number of IoT devices is growing rapidly, and this trend is expected to continue over the next few years. This will create a need for batteries with high-capacity terminals that can handle large amounts of data traffic."
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Terminal Market Research Report
By Type
Wire-loaded Battery Terminal, Cylindrical Battery Terminal, Card Type Battery Terminal
By Application
Car, Boat, Others
By Companies
Antonio Falchetti, Mastervolt, MotoMaster, Royal Power Solutions, R&J Batteries, Ruian Meishite Auto Parts Co., Ltd., Shanghai Haiyu Auto Parts Co., Ltd., Dongguan Tianrui Electronics Co., Ltd., Jingjiang Juncheng Forklift Parts Co., Ltd.
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
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Battery Terminal Market Report Segments:
The global Battery Terminal market is segmented on the basis of:
Types
Wire-loaded Battery Terminal, Cylindrical Battery Terminal, Card Type Battery Terminal
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
Car, Boat, 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:
- Antonio Falchetti
- Mastervolt
- MotoMaster
- Royal Power Solutions
- R&J Batteries
- Ruian Meishite Auto Parts Co., Ltd.
- Shanghai Haiyu Auto Parts Co., Ltd.
- Dongguan Tianrui Electronics Co., Ltd.
- Jingjiang Juncheng Forklift Parts Co., Ltd.
Highlights of The Battery Terminal 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:
- Wire-loaded Battery Terminal
- Cylindrical Battery Terminal
- Card Type Battery Terminal
- By Application:
- Car
- Boat
- 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 Battery Terminal 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?
A battery terminal is a connector on the battery that connects to the vehicle's electrical system.
Some of the key players operating in the battery terminal market are Antonio Falchetti, Mastervolt, MotoMaster, Royal Power Solutions, R&J Batteries, Ruian Meishite Auto Parts Co., Ltd., Shanghai Haiyu Auto Parts Co., Ltd., Dongguan Tianrui Electronics Co., Ltd., Jingjiang Juncheng Forklift Parts Co., Ltd..
The battery terminal 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 Battery Terminal 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 Battery Terminal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Terminal 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 Battery Terminal 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 Battery Terminal Market Size & Forecast, 2020-2028
4.5.1 Battery Terminal Market Size and Y-o-Y Growth
4.5.2 Battery Terminal 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 Wire-loaded Battery Terminal
5.2.2 Cylindrical Battery Terminal
5.2.3 Card Type Battery Terminal
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 Car
6.2.2 Boat
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Terminal 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 Battery Terminal 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 Wire-loaded Battery Terminal
9.6.2 Cylindrical Battery Terminal
9.6.3 Card Type Battery Terminal
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 Car
9.10.2 Boat
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 Wire-loaded Battery Terminal
10.6.2 Cylindrical Battery Terminal
10.6.3 Card Type Battery Terminal
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 Car
10.10.2 Boat
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 Wire-loaded Battery Terminal
11.6.2 Cylindrical Battery Terminal
11.6.3 Card Type Battery Terminal
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 Car
11.10.2 Boat
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 Wire-loaded Battery Terminal
12.6.2 Cylindrical Battery Terminal
12.6.3 Card Type Battery Terminal
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 Car
12.10.2 Boat
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 Wire-loaded Battery Terminal
13.6.2 Cylindrical Battery Terminal
13.6.3 Card Type Battery Terminal
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 Car
13.10.2 Boat
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 Battery Terminal Market: Competitive Dashboard
14.2 Global Battery Terminal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Antonio Falchetti
14.3.2 Mastervolt
14.3.3 MotoMaster
14.3.4 Royal Power Solutions
14.3.5 R&J Batteries
14.3.6 Ruian Meishite Auto Parts Co., Ltd.
14.3.7 Shanghai Haiyu Auto Parts Co., Ltd.
14.3.8 Dongguan Tianrui Electronics Co., Ltd.
14.3.9 Jingjiang Juncheng Forklift Parts Co., Ltd.
