Market Research Report
Automotive Starting Battery Market with COVID-19 Impact Analysis, By Battery Type, By Vehicle Type, By Engine Type, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||1003871|
|Published||Content info||283 Pages
Delivery time: 2-3 business days
|Automotive Starting Battery Market with COVID-19 Impact Analysis, By Battery Type, By Vehicle Type, By Engine Type, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: May 1, 2021||Content info: 283 Pages||
The global Automotive Starting Battery market was valued at USD 41.6 billion in 2020, growing with 6.2% CAGR during the forecast period, 2021-2027.
The automotive battery is a kind of rechargeable battery, and it supplies electrical current to a motor vehicle. These batteries are used for powering starting, and ignition of a vehicle. Besides this, these batteries provide power to automobile accessories such as radio, wipers, air conditioners, music players, and charging plugs.
The automotive starting battery market is estimated to witness significant growth in the next few years. The growing consumer shift towards pollution-free electric and hybrid vehicles is anticipated to foster market growth. In addition, the rapidly expanding automotive sector across developing countries such as India, Mexico, Vietnam, and Indonesia are also contributing to market growth. However, the COVID-19 pandemic has slower down the battery supply chain due to the shutdown of manufacturing units. The continuous lockdown and halt in the manufacturing of batteries have significantly impacted the growth of the market.
The ideal automotive battery can offer adequate reserve capacity and signifies energy available when the battery is fully charged. The manufacturing of electric vehicles (EV) requires the implementation of supportive policies by state, federal, and area administrative bodies for sustaining long-term benefits. The supportive government regulations are estimated to push the demand for EVs which, in turn, is expected to fuel the demand for automotive starting batteries. In addition, growing people's preference for hybrid & zero-emission vehicles is also boosting the market growth.
The automotive starting battery market is differentiated into battery type, vehicle type, and engine type segments. Based on the battery type, the market is comprised of lithium-ion-based, lead-acid-based, sodium-ion, nickel-based, and others. The lead-acid segment held the largest market share in 2019. By vehicle type, the passenger vehicle segment is anticipated to dominate with the largest market share. By engine type, the EVs segment is projected to offer ample growth opportunities for the market.
North America dominated the global market with the highest market share in 2019. The presence of top lead acid manufacturers like Odyssey, Exide, and Johnson Controls is promoting growth. In addition, the growing demand for electric vehicles across the U.S., Canada is projected to contribute to market growth. Europe is expected to grow at a substantial CAGR over the forecast period. The presence of top players like BMW, Mercedes, Jaguar, Audi, Fiat, Volvo, Volkswagen, Audi, and Aston Martin is augmenting the market growth. On the other side, Asia Pacific is estimated to grow at the highest CAGR over the forecast period.
The Automotive Starting Battery market is highly competitive in nature with the presence of domestic players and global players. Key companies in the industry mainly focus on strategic innovation, mergers & acquisition activities, joint ventures to remain competent in the market. Top players in the market including BYD Co. Ltd, A123 Systems, GS Yuasa Corporation, Exide Technologies, EnerSys are holding most of the market share. For example, Exide Technologies operates in China through its joint venture with Shenyang Dongbei Storage Battery Co.
Key features of the study:
This proposed research study on Automotive Starting Battery market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Automotive Starting Battery market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Automotive Starting Battery market
Impact of COVID-19 on Automotive Starting Battery market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Automotive Starting Battery market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Automotive Starting Battery market, we have also included competitive landscape and key innovator analysis for the Automotive Starting Battery market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Automotive Starting Battery market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Automotive Starting Battery market on global as well as regional level.
The global Automotive Starting Battery market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AUTOMOTIVE STARTING BATTERY MARKET KEY PLAYERS
A123 Systems, LLC
BYD Co., Ltd.
East Penn Manufacturing Company
Robert Bosch GmBH
GS Yuasa Corporation
Saft Groupe SA
Delphi Automotive LLP
GLOBAL AUTOMOTIVE STARTING BATTERY MARKET, BY BATTERY TYPE
GLOBAL AUTOMOTIVE STARTING BATTERY MARKET, BY VEHICLE TYPE
GLOBAL AUTOMOTIVE STARTING BATTERY MARKET, BY ENGINE TYPE
Internal Combustion Engine
GLOBAL AUTOMOTIVE STARTING BATTERY MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures