Automotive Battery Market Report

Automotive Battery Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

  • Published Date: Jul, 2014
  • Base Year for Estimate: ---
  • Report ID: 831
  • Format: Electronic (PDF)
  • Historical Data: ---
  • Number of Pages: 0

The automotive market, particularly in developing economies, has witnessed significant growth over the last decade which has favorably impacted the automotive battery market growth. North America and Asia Pacific constitute the biggest regional markets, which can be attributed to high automotive density in the regions. Even though automotive sales in North America and Europe have stagnated, the automotive battery market has not been impacted owing to high frequency of battery replacement in existing vehicles. Asia Pacific is expected to witness high growth over the forecast period on account of increasing automotive sales in China and India. Surge in investments by automobile and battery manufacturers aimed at increased R&D activities in the sector is expected to have a positive impact on market growth over the forecast period.

The automotive battery market can be segmented based on vehicle type into two-wheeler, medium commercial, three-wheeler, utility vehicle, passenger car, light commercial vehicle, and farm vehicle. Automotive batteries are available in several technologies such as wet/flooded, calcium-calcium, valve-regulated lead acid (VRLA), deep cycle, and lithium ion. Wet/flooded batteries are popular owing to their low price. Lithium ion batteries are costly and are typically used in electric vehicles, high performance vehicles, and limited edition cars. Electric vehicles powered by traction batteries have gained prominence on account of increasing fuel prices and emphasis on eco-friendly initiatives. The advent of plug-in electric vehicles which can be recharged from external electricity sources has subsequently opened up new avenues for plug-in automotive batteries. Lithium-ion technology is deployed in a majority of batteries used in plug-ins, followed by nickel metal hydride (NiMH) technology.

Key automotive battery vendors include Camel Group, East Penn Manufacturing, Exide Technologies, Fengfan and Fiamm Group, GS Yuasa, and Johnson Controls. Panasonic, Tesla Motors, NEC, and LG Chem. are key players in the plug-in vehicles’ battery marketplace.

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