[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2019-06-18
275
Global
Growing number of electronic components in automobiles is recognized as one of the primary growth factors for automotive battery market. Passenger cars witnessed the high adoption of electronic solutions such as safety, comfort, infotainment systems on the back of technological advancements. This has significantly triggered the development of efficient and advanced battery technologies, which is driving the growth of automotive battery industry. Lithium-ion batteries are playing an important role in development of electric vehicle industry and are used in majority of electric vehicles, and it is likely to remain dominant over the forecast period. Several electric vehicle manufacturers such as Tesla and Nissan have invested heavily in this technology. Such capital investment and R&D activities will further propel the growth of automotive battery market growth.
By Product Type
By Vehicle Type
By Distribution Channel
By Geography
Automotive battery market size is expected to reach USD 23.5 billion by 2024, growing at a compounded annual growth rate of 5.7% during the forecast period 2016-2024. Automotive battery market is largely driven by the Asia Pacific in terms of revenue share owing to a large automotive industry in the region. Whereas in North America & Europe the increasing adoption advances automotive technologies (automotive telematics, autonomous vehicles, and electric vehicles), there are high growth opportunities of the automotive battery market in these regions.
Based on vehicle type, passenger cars accounted for the largest market share of more than 45% in 2016. Moreover, passenger cars are expected to be the fastest growing and most opportunistic segment over the forecast period owing to emerging market of electric vehicles.
According to the report, major driver in automotive battery market is emerging market of lithium ion battery powered electric vehicles around the world. Electric vehicles are highly attractive for their potential to reduce greenhouse gas emissions from vehicles and to minimize the dependence on oil. By 2020, more than one third of new vehicle sales will likely consist of hybrid-electric, plug-in hybrid, and all-electric models, which is likely to drive the growth of Li-ion battery market.
Further, the report states the challenges in global automotive battery market is high cost of efficient battery technologies such as lithium ion batteries for electric vehicles. The exponential growth of advanced automotive battery technology for the latter applications will depend largely on the cost, safety, life cycle and power density, which are the major challenges to develop cost efficient and high power density automotive batteries.
The report covers the present ground scenario and the future growth prospects of the global automotive battery market for 2016-2024 along with the total revenue of automotive battery market in every region. We calculated the market size and revenue share on the basis of revenue generated per segment and region. The revenue forecast is given on the basis of number of market players and current growth rate of the market.
Global Automotive Battery Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global automotive battery market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global automotive battery market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our report comprises of the following companies as the key players in the global automotive battery market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us requset for market report sample.
Key questions answered in this market study
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Global Electric Passenger Vehicles Market Outlook 2024, Global Opportunity and Demand Analysis, Market Forecast, 2016-2024
China Fuel Cell Market-Trends, Key Players, Growth Factors, Challenges, Company Profiling & Scope Analysis By Fuel Cell Type(Alkaline, Phosphoric Acid, Molten Carbonate, Solid Oxide, Proton Exchange Membrane, Direct Methanol), By Application and By Region for Forecast Period 2016-2024
Lithium Ion (Li-ion) Battery Market Analysis by power rating and by end user with regional outlook and forecast to 2024
Asia Pacific Lithium Ion Battery Market Research Report, Trends, Growth Analysis, By End Users, By Power Rating & by Region with Forecast 2017-2030
Automotive Lead Acid Battery Market Analysis by Product type, by vehicle type & by distribution channel with regional outlook & forecast to 2024
Global Electric Commercial Vehicle (BEV, HEV, PHEV & FCEV) Market Report :Global Industry Share, Size, Trends,by Technology, by Vehicle, by Applications Demand Analysis & by Region with Forecast 2017-2030
United States Electric Trucks Industry: Market Share, Size, Trends, Demand, Scope, Growth Analysis, Key Players, Product Specification, Market Data Forecast 2017-2025
Battery Energy Storage System Market- By Technology(Peak shaving, Peak demand shifting, Frequency regulation, Load leveling), By Battery Type(Lithium-Ion, Lead-Acid, Nickel Cadmium Battery, Vanadium Redox-Flow, Sodium-Sulphur Batteries), By Solution(On & Off-Grid), By End User