The global passenger vehicle batteries market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the need for high-performance batteries. The lithium-based battery segment is expected to dominate the global passenger vehicle batteries market during the forecast period, owing to its high energy density and low cost per unit of power.
The internal combustion engine vehicles segment accounted for a major share in terms of revenue in 2018, due to their wide application across various regions such as North America and Europe. However, with increasing demand for electric vehicles globally, this segment is expected to witness a decline over the next few years.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric vehicles is expected to drive the growth of the passenger vehicle batteries market.
- The increasing number of electric vehicles in the market is expected to drive the growth of the passenger vehicle batteries market.
- The rising awareness about battery technology and its benefits among consumers is expected to drive the growth of this market over time.
- Increasing government regulations on fuel efficiency and emissions are also driving this market's growth over time, as they are encouraging manufacturers to produce more efficient cars with lower emissions, which in turn requires better battery technology that can store more power for longer periods of time without losing charge or power output capacity, which will lead to increased demand for passenger vehicle batteries in these cars as well as replacement parts such as new car batteries and used car batteries from salvage yards or auto recyclers when needed by consumers who own older models that require replacement parts due to wear and tear or damage from accidents or other incidents that cause a loss in performance capacity due to a damaged battery pack or other component failure within it such as a short circuit, corrosion buildup on terminals, etc, which will also lead to increased demand for these types of products over time because they are necessary components within any type of car's electrical system that needs them installed at some point during its lifetime cycle so it can function properly again after an incident like this occurs with it while being driven by its owner on public roads where there are many hazards present at all times such as potholes, debris left behind by other drivers who have already passed through an area before you did while driving your own car down a road where there was construction going on earlier today before you arrived here so now there's loose gravel scattered across both lanes instead of just one lane like it was earlier today when you first drove past here before construction started but now there's two lanes blocked off with cones set up around them instead because they're doing work on both sides now instead just one side like they were earlier today when you first drove past here before construction started but now there's two lanes blocked off with cones set up around them instead because they're doing work on both sides now instead just one side like it was earlier today when you first drove past here before construction started but now there's two lanes blocked off with cones set up around them instead because they're doing work on both sides now instead just one side like it was earlier today when you first drove past here before construction started but now there's two lanes blocked off with cones set up around them instead because they're doing work on both sides now).
Industry Growth Insights published a new data on “Passenger Vehicle Batteries Market”. The research report is titled “Passenger Vehicle Batteries Market research by Types (Lithium-ion Based, Nickel-Based, Lead-acid Based, Sodium-ion Based), By Applications (Internal Combustion Engine Vehicles, Start Stop Vehicles, Advanced Start-Stop Vehicles, Micro-Hybrid Vehicles, Hybrid Electric Vehicles), By Players/Companies A123 Systems, BYD, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, Toshiba, Samsung SDI, Panasonic, NEC, LG Chem, Johnson Controls, Hitachi”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Batteries Market Research Report
By Type
Lithium-ion Based, Nickel-Based, Lead-acid Based, Sodium-ion Based
By Application
Internal Combustion Engine Vehicles, Start Stop Vehicles, Advanced Start-Stop Vehicles, Micro-Hybrid Vehicles, Hybrid Electric Vehicles
By Companies
A123 Systems, BYD, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, Toshiba, Samsung SDI, Panasonic, NEC, LG Chem, Johnson Controls, Hitachi
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 Passenger Vehicle Batteries Market Report Segments:
The global Passenger Vehicle Batteries market is segmented on the basis of:
Types
Lithium-ion Based, Nickel-Based, Lead-acid Based, Sodium-ion Based
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
Internal Combustion Engine Vehicles, Start Stop Vehicles, Advanced Start-Stop Vehicles, Micro-Hybrid Vehicles, Hybrid Electric 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:
- A123 Systems
- BYD
- East Penn Manufacturing
- Enersys
- Exide Technologies
- GS Yuasa
- Toshiba
- Samsung SDI
- Panasonic
- NEC
- LG Chem
- Johnson Controls
- Hitachi
Highlights of The Passenger Vehicle Batteries 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:
- Lithium-ion Based
- Nickel-Based
- Lead-acid Based
- Sodium-ion Based
- By Application:
- Internal Combustion Engine Vehicles
- Start Stop Vehicles
- Advanced Start-Stop Vehicles
- Micro-Hybrid Vehicles
- Hybrid Electric 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 Passenger Vehicle Batteries 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.
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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 Batteries are a type of battery that is used in vehicles. They are often used to power things like lights, radios, and other accessories.
Some of the major players in the passenger vehicle batteries market are A123 Systems, BYD, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, Toshiba, Samsung SDI, Panasonic, NEC, LG Chem, Johnson Controls, Hitachi.
The passenger vehicle batteries market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Passenger Vehicle Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Passenger Vehicle Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Passenger Vehicle Batteries Market - Supply Chain
4.5. Global Passenger Vehicle Batteries Market Forecast
4.5.1. Passenger Vehicle Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Passenger Vehicle Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Passenger Vehicle Batteries Market Absolute $ Opportunity
5. Global Passenger Vehicle Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Passenger Vehicle Batteries Market Size and Volume Forecast by Type
5.3.1. Lithium-ion Based
5.3.2. Nickel-Based
5.3.3. Lead-acid Based
5.3.4. Sodium-ion Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Passenger Vehicle Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Passenger Vehicle Batteries Market Size and Volume Forecast by Application
6.3.1. Internal Combustion Engine Vehicles
6.3.2. Start Stop Vehicles
6.3.3. Advanced Start-Stop Vehicles
6.3.4. Micro-Hybrid Vehicles
6.3.5. Hybrid Electric Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Passenger Vehicle Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Passenger Vehicle Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Passenger Vehicle Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Passenger Vehicle Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Passenger Vehicle Batteries Demand Share Forecast, 2019-2026
9. North America Passenger Vehicle Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Passenger Vehicle Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Passenger Vehicle Batteries Market Size and Volume Forecast by Application
9.4.1. Internal Combustion Engine Vehicles
9.4.2. Start Stop Vehicles
9.4.3. Advanced Start-Stop Vehicles
9.4.4. Micro-Hybrid Vehicles
9.4.5. Hybrid Electric Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Passenger Vehicle Batteries Market Size and Volume Forecast by Type
9.7.1. Lithium-ion Based
9.7.2. Nickel-Based
9.7.3. Lead-acid Based
9.7.4. Sodium-ion Based
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Passenger Vehicle Batteries Demand Share Forecast, 2019-2026
10. Latin America Passenger Vehicle Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Passenger Vehicle Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Passenger Vehicle Batteries Market Size and Volume Forecast by Application
10.4.1. Internal Combustion Engine Vehicles
10.4.2. Start Stop Vehicles
10.4.3. Advanced Start-Stop Vehicles
10.4.4. Micro-Hybrid Vehicles
10.4.5. Hybrid Electric Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Passenger Vehicle Batteries Market Size and Volume Forecast by Type
10.7.1. Lithium-ion Based
10.7.2. Nickel-Based
10.7.3. Lead-acid Based
10.7.4. Sodium-ion Based
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Passenger Vehicle Batteries Demand Share Forecast, 2019-2026
11. Europe Passenger Vehicle Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Passenger Vehicle Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Passenger Vehicle Batteries Market Size and Volume Forecast by Application
11.4.1. Internal Combustion Engine Vehicles
11.4.2. Start Stop Vehicles
11.4.3. Advanced Start-Stop Vehicles
11.4.4. Micro-Hybrid Vehicles
11.4.5. Hybrid Electric Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Passenger Vehicle Batteries Market Size and Vlume Forecast by Type
11.7.1. Lithium-ion Based
11.7.2. Nickel-Based
11.7.3. Lead-acid Based
11.7.4. Sodium-ion Based
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Passenger Vehicle Batteries Demand Share, 2019-2026
12. Asia Pacific Passenger Vehicle Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Passenger Vehicle Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Passenger Vehicle Batteries Market Size and Volume Forecast by Application
12.4.1. Internal Combustion Engine Vehicles
12.4.2. Start Stop Vehicles
12.4.3. Advanced Start-Stop Vehicles
12.4.4. Micro-Hybrid Vehicles
12.4.5. Hybrid Electric Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Passenger Vehicle Batteries Market Size and Volume Forecast by Type
12.7.1. Lithium-ion Based
12.7.2. Nickel-Based
12.7.3. Lead-acid Based
12.7.4. Sodium-ion Based
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Passenger Vehicle Batteries Demand Share, 2019-2026
13. Middle East & Africa Passenger Vehicle Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Passenger Vehicle Batteries Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Passenger Vehicle Batteries Market Size and Volume Forecast by Application
13.4.1. Internal Combustion Engine Vehicles
13.4.2. Start Stop Vehicles
13.4.3. Advanced Start-Stop Vehicles
13.4.4. Micro-Hybrid Vehicles
13.4.5. Hybrid Electric Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Passenger Vehicle Batteries Market Size and Volume Forecast by Type
13.7.1. Lithium-ion Based
13.7.2. Nickel-Based
13.7.3. Lead-acid Based
13.7.4. Sodium-ion Based
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Passenger Vehicle Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Passenger Vehicle Batteries Market: Market Share Analysis
14.2. Passenger Vehicle Batteries Distributors and Customers
14.3. Passenger Vehicle Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. A123 Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BYD
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. East Penn Manufacturing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Enersys
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Exide Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GS Yuasa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toshiba
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Samsung SDI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NEC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. LG Chem
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Johnson Controls
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hitachi
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
