An automotive battery is a battery that supplies electrical energy to a motor vehicle. Also known as a car battery, it is typically composed of six galvanic cells in a plastic housing. Each cell produces about 2.1 volts for a total voltage of 12.6 volts. automotive batteries are usually lead-acid type, which uses lead and lead dioxide in the cells.
Key Trends
The automotive battery industry is undergoing a period of significant change. The traditional lead-acid battery is being increasingly displaced by newer technologies such as lithium-ion and nickel-metal-hydride.
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The main reason for this shift is that lead-acid batteries are not well suited to the demands of modern cars. They are heavy, have a limited capacity, and are not very efficient. Lithium-ion and nickel-metal-hydride batteries are much lighter, can store more energy, and are more efficient.
The other major trend in automotive battery technology is the move away from traditional wet-cell batteries to newer dry-cell batteries. Wet-cell batteries are more prone to leaking and require more maintenance. Dry-cell batteries are sealed and require no maintenance.
The trend towards lighter, more efficient, and easier-to-maintain batteries is likely to continue in the coming years. This will help to make electric and hybrid cars more viable options for consumers.
Key Drivers
There are several key drivers of the automotive battery market.
Firstly, the increasing demand for electric vehicles is driving the need for batteries.
Secondly, the advancement of battery technology is enabling longer range and faster charging times for electric vehicles, making them more viable for consumers.
Finally, government incentives and regulations are encouraging the uptake of electric vehicles, which in turn is boosting the demand for automotive batteries.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segments
The Automotive Battery Market is segmented by battery type, vehicle type and region. By battery type, the market is divided into lithium-ion based, lead-acid based and others. Based on vehicle type, it is bifurcated into passenger vehicles, electric vehicles and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Automotive Battery Market includes players such as Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd. and FIAMM S.p.A.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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