Market Overview:
The global passenger vehicle SLI battery market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for electric vehicles and hybrid vehicles across the globe. The global passenger vehicle SLI battery market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into flooded type battery, maintenance-free type battery and others. The flooded type batteries are expected to dominate the global passenger vehicle SLI battery market throughout the forecast period owing to their low cost as compared to other types of batteries available in the market. However, maintenance-free batteries are anticipated to witness high growth rate during 2018-2030 due its longer life span as compared with flooded type batteries. On account of this factor, these types are expected gain traction among consumers in developed economies such as North America and Europe over coming years.
Product Definition:
A passenger vehicle SLI battery is a battery that is used to start a car. It is important because it provides power to the engine so that the car can start.
Flooded Type Battery:
Flooded type battery, also known as water batteries or hydropower, is a method of storing electrical energy in a liquid chemical solution. The basic principle behind it is that the electrolyte (sodium chloride) inside the battery undergoes a change due to an electric current passed through it and changes its physical state so as to allow ions to move between different electrodes (positive and negative).
The flooded cell battery has two positive terminals, one negative terminal.
Maintenance-free Type Type Battery:
The maintenance-free type is a battery that has no liquid electrolyte and hence there are no chances of leakages or any other damage to the vehicle. The SLI battery market is expected to witness significant growth over the forecast period owing to its growing demand in passenger vehicles. These batteries have longer life span, low self-discharge rate, high energy density and they do not require maintenance for its entire life span.
Application Insights:
OEMs such as Mercedes, BMW, Audi, Volkswagen Group offer passenger vehicle with low-range lithium-ion battery packs. These types of batteries are designed and manufactured in a way to ensure smooth running of the vehicles. The OEMs have contracts with the original equipment manufacturers (OEMs) that supply these vehicles. The contract between the two parties states that if one party breaches any term or condition of agreement then other party can approach for damages up to USD 10 million. This type of arrangement has enabled both sides to benefit from each other without having legal rights over third part goods or services involved in this transaction.
The aftermarket segment is expected to expand at a CAGR more than 9% from 2018 to 2030 owing majorly due to growing demand for replacement parts and service/repair operations on account of increasing SLI battery failures across various automotive applications including EVs, Hybrid Electric Vehicles (HEVs),.
Regional Analysis:
Asia Pacific passenger vehicle SLI battery market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for electric vehicles in countries such as China and India. In addition, rising sales of premium cars in China will drive the regional market further. Furthermore, growing production facilities by major companies such as LG Chem and Samsung SDI Co., Ltd.; along with technological developments; will boost the Asia Pacific market growth over the forecast period.
Europe was estimated at USD X billion in 2017 and is projected to witness significant growth over the coming years on account of stringent regulations regarding carbon emissions coupled with implementation of strict fuel economy standards for gasoline-powered vehicles across European countries including Germany, France, Italy etc., which are anticipated to drive demand for electric vehicles including aftermarket batteries used in these EVs thus propelling industry growth over projected period.
Growth Factors:
- Increasing demand for electric vehicles: The passenger vehicle SLI battery market is expected to benefit from the increasing demand for electric vehicles. This is because electric vehicles require high-capacity batteries in order to run efficiently.
- Rising disposable income: A rise in disposable income will lead to an increase in the number of people who can afford passenger vehicles, thereby boosting the market for SLI batteries.
- Technological advancements: The development of new and more efficient battery technologies will help drive growth in the passenger vehicle SLI battery market. This is because these new technologies will allow automakers to produce more powerful and efficient cars, which will require high-capacity batteries.
- Stringent emissions regulations: Stringent emissions regulations are encouraging automakers to develop more fuel-efficient cars, which requires high-performance SLI batteries. As a result, this is helping spur growth in the passenger vehicle SLI battery market . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle SLI Battery Market Research Report
By Type
Flooded Type Battery, Maintenance-free Type Type Battery, Others
By Application
OEM, Aftermarket
By Companies
GS Yuasa, Exide Technologies, Camel Group, Exide Industries, Sebang, Hitachi Chemical, Amara Raja, Hankook Atlas BX, Tong Yong Battery, Shandong Ruiyu Battery, GS Yuasa, Banner Batteries, Nipress, Leoch, Furukawa Battery, Haijiu, Tianneng Co.,Ltd, COMX, Vestwoods
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle SLI Battery Market Report Segments:
The global Passenger Vehicle SLI Battery market is segmented on the basis of:
Types
Flooded Type Battery, Maintenance-free Type Type 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
OEM, Aftermarket
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:
- GS Yuasa
- Exide Technologies
- Camel Group
- Exide Industries
- Sebang
- Hitachi Chemical
- Amara Raja
- Hankook Atlas BX
- Tong Yong Battery
- Shandong Ruiyu Battery
- GS Yuasa
- Banner Batteries
- Nipress
- Leoch
- Furukawa Battery
- Haijiu
- Tianneng Co.,Ltd
- COMX
- Vestwoods
Highlights of The Passenger Vehicle SLI 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:
- Flooded Type Battery
- Maintenance-free Type Type Battery
- Others
- By Application:
- OEM
- Aftermarket
- 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 Passenger Vehicle SLI 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:
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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?
Passenger Vehicle SLI battery is a type of lead-acid battery used in passenger vehicles. It typically has a higher capacity than a standard automotive battery, and can be used to start the engine or provide power to accessories.
Some of the key players operating in the passenger vehicle sli battery market are GS Yuasa, Exide Technologies, Camel Group, Exide Industries, Sebang, Hitachi Chemical, Amara Raja, Hankook Atlas BX, Tong Yong Battery, Shandong Ruiyu Battery, GS Yuasa, Banner Batteries, Nipress, Leoch, Furukawa Battery, Haijiu, Tianneng Co.,Ltd, COMX, Vestwoods.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Vehicle SLI 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 Passenger Vehicle SLI Battery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Passenger Vehicle SLI 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 Passenger Vehicle SLI 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 Passenger Vehicle SLI Battery Market Size & Forecast, 2020-2028 4.5.1 Passenger Vehicle SLI Battery Market Size and Y-o-Y Growth 4.5.2 Passenger Vehicle SLI 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 Flooded Type Battery
5.2.2 Maintenance-free Type Type 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 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle SLI 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 Passenger Vehicle SLI 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 Flooded Type Battery
9.6.2 Maintenance-free Type Type 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 OEM
9.10.2 Aftermarket
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 Flooded Type Battery
10.6.2 Maintenance-free Type Type 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 OEM
10.10.2 Aftermarket
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 Flooded Type Battery
11.6.2 Maintenance-free Type Type 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 OEM
11.10.2 Aftermarket
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 Flooded Type Battery
12.6.2 Maintenance-free Type Type 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 OEM
12.10.2 Aftermarket
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 Flooded Type Battery
13.6.2 Maintenance-free Type Type 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 OEM
13.10.2 Aftermarket
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 Passenger Vehicle SLI Battery Market: Competitive Dashboard
14.2 Global Passenger Vehicle SLI Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GS Yuasa
14.3.2 Exide Technologies
14.3.3 Camel Group
14.3.4 Exide Industries
14.3.5 Sebang
14.3.6 Hitachi Chemical
14.3.7 Amara Raja
14.3.8 Hankook Atlas BX
14.3.9 Tong Yong Battery
14.3.10 Shandong Ruiyu Battery
14.3.11 GS Yuasa
14.3.12 Banner Batteries
14.3.13 Nipress
14.3.14 Leoch
14.3.15 Furukawa Battery
14.3.16 Haijiu
14.3.17 Tianneng Co.,Ltd
14.3.18 COMX
14.3.19 Vestwoods