Automotive batteries market is estimated to grow by USD 89.21 billion between 2022 and 2027; Evolving opportunities A123 Systems LLC, Amara Raja Group with among others - Technavio

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- The Automotive batteries market by vehicle type, channel, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 89.21 billion between 2022 and 2027. Moreover, the growth momentum will accelerate at a CAGR of 17.75%. . The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.

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Regional Analysis

By region, the global automotive batteries market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. APAC will account for 55% of market growth during the forecast period. Factors such as the increasing disposable income and the launches of new car models by OEMs drive market growth. Moreover, APAC has the maximum number of potential first-time buyers of passenger cars, which is also leading to growth in the sales of passenger cars, which, in turn, is driving the market. Grow your profit margin with Technavio  - Buy the report

Company Profiles

The automotive batteries market report includes information on the key products and recent developments of leading vendors, including:

• A123 Systems LLC - The company offers automotive batteries such as Lithium-ion 12V starter batteries, and Lithium-ion 48V batteries.
• Clarios - The company offers automotive batteries such as Lithium-ion batteries, Lead-Acid batteries.
• Crown Battery Manufacturing Co. - The company offers automotive batteries such as CROWN1 AGM.
• Exide Industries Ltd. - The company offers automotive batteries such as EXIDE EPIQ, and EXIDE EEZY.

Market Dynamics

The market is driven by factors such as a rise in sales of passenger cars, growing demand for air conditioning systems in commercial vehicles in APAC, and a rise in sales of electric vehicles, which is increasing demand for automotive batteries. However, multiple limitations and the short life cycle of lead-acid batteries are hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

• By vehicle type, the market is segmented into passenger cars and commercial vehicles.
• By geography, the market is segmented into APAC, North America, Europe, South America, and Middle East and Africa 

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• The power tool batteries market is estimated to grow at a CAGR of 10.91% between 2022 and 2027. The size of the market is forecast to increase by USD 1.95 billion. The increase in consumer use of power tools is notably driving the market growth, although factors such as the high cost of power tool battery equipment may impede the market growth.

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What are the key data covered in this automotive batteries market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the automotive batteries market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa.
• A thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of automotive batteries market vendors.

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive batteries market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automotive batteries market 2017 - 2021 ($ billion)

• 4.2 Vehicle type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)

• 4.3 Channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Vehicle Type

• 6.1 Market segments
• Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 6.2 Comparison by Vehicle Type 
• Exhibit 32: Chart on Comparison by Vehicle Type
• Exhibit 33: Data Table on Comparison by Vehicle Type

• 6.3 Passenger cars - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial vehicles - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Vehicle Type 
• Exhibit 42: Market opportunity by Vehicle Type ($ billion)

7 Market Segmentation by Channel

• 7.1 Market segments
• Exhibit 43: Chart on Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Channel 
• Exhibit 45: Chart on Comparison by Channel
• Exhibit 46: Data Table on Comparison by Channel

• 7.3 OEM - Market size and forecast 2022-2027 
• Exhibit 47: Chart on OEM - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on OEM - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on OEM - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on OEM - Year-over-year growth 2022-2027 (%)

• 7.4 Aftermarket - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Aftermarket - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Channel 
• Exhibit 55: Market opportunity by Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 A123 Systems LLC
• Exhibit 108: A123 Systems LLC - Overview
• Exhibit 109: A123 Systems LLC - Product / Service
• Exhibit 110: A123 Systems LLC - Key offerings

• 12.4 Amara Raja Group
• Exhibit 111: Amara Raja Group - Overview
• Exhibit 112: Amara Raja Group - Business segments
• Exhibit 113: Amara Raja Group - Key offerings
• Exhibit 114: Amara Raja Group - Segment focus

• 12.5 Clarios
• Exhibit 115: Clarios - Overview
• Exhibit 116: Clarios - Product / Service
• Exhibit 117: Clarios - Key news
• Exhibit 118: Clarios - Key offerings

• 12.6 Crown Battery Manufacturing Co. 
• Exhibit 119: Crown Battery Manufacturing Co. - Overview
• Exhibit 120: Crown Battery Manufacturing Co. - Product / Service
• Exhibit 121: Crown Battery Manufacturing Co. - Key offerings

• 12.7 East Penn Manufacturing Co. Inc. 
• Exhibit 122: East Penn Manufacturing Co. Inc. - Overview
• Exhibit 123: East Penn Manufacturing Co. Inc. - Product / Service
• Exhibit 124: East Penn Manufacturing Co. Inc. - Key news
• Exhibit 125: East Penn Manufacturing Co. Inc. - Key offerings

• 12.8 EnerSys
• Exhibit 126: EnerSys - Overview
• Exhibit 127: EnerSys - Business segments
• Exhibit 128: EnerSys - Key news
• Exhibit 129: EnerSys - Key offerings
• Exhibit 130: EnerSys - Segment focus

• 12.9 Exide Industries Ltd. 
• Exhibit 131: Exide Industries Ltd. - Overview
• Exhibit 132: Exide Industries Ltd. - Product / Service
• Exhibit 133: Exide Industries Ltd. - Key offerings

• 12.10 Furukawa Electric Co. Ltd. 
• Exhibit 134: Furukawa Electric Co. Ltd. - Overview
• Exhibit 135: Furukawa Electric Co. Ltd. - Business segments
• Exhibit 136: Furukawa Electric Co. Ltd. - Key news
• Exhibit 137: Furukawa Electric Co. Ltd. - Key offerings
• Exhibit 138: Furukawa Electric Co. Ltd. - Segment focus

• 12.11 GS Yuasa Corp.
• Exhibit 139: GS Yuasa Corp. - Overview
• Exhibit 140: GS Yuasa Corp. - Business segments
• Exhibit 141: GS Yuasa Corp. - Key news
• Exhibit 142: GS Yuasa Corp. - Key offerings
• Exhibit 143: GS Yuasa Corp. - Segment focus

• 12.12 Hitachi Ltd.
• Exhibit 144: Hitachi Ltd. - Overview
• Exhibit 145: Hitachi Ltd. - Business segments
• Exhibit 146: Hitachi Ltd. - Key news
• Exhibit 147: Hitachi Ltd. - Key offerings
• Exhibit 148: Hitachi Ltd. - Segment focus

• 12.13 LG Corp.
• Exhibit 149: LG Corp. - Overview
• Exhibit 150: LG Corp. - Business segments
• Exhibit 151: LG Corp. - Key offerings
• Exhibit 152: LG Corp. - Segment focus

• 12.14 Panasonic Holdings Corp. 
• Exhibit 153: Panasonic Holdings Corp. - Overview
• Exhibit 154: Panasonic Holdings Corp. - Business segments
• Exhibit 155: Panasonic Holdings Corp. - Key news
• Exhibit 156: Panasonic Holdings Corp. - Key offerings
• Exhibit 157: Panasonic Holdings Corp. - Segment focus

• 12.15 Robert Bosch GmbH
• Exhibit 158: Robert Bosch GmbH - Overview
• Exhibit 159: Robert Bosch GmbH - Business segments
• Exhibit 160: Robert Bosch GmbH - Key offerings
• Exhibit 161: Robert Bosch GmbH - Segment focus

• 12.16 Toshiba Corp.
• Exhibit 162: Toshiba Corp. - Overview
• Exhibit 163: Toshiba Corp. - Business segments
• Exhibit 164: Toshiba Corp. - Key offerings
• Exhibit 165: Toshiba Corp. - Segment focus

• 12.17 TotalEnergies SE
• Exhibit 166: TotalEnergies SE - Overview
• Exhibit 167: TotalEnergies SE - Business segments
• Exhibit 168: TotalEnergies SE - Key news
• Exhibit 169: TotalEnergies SE - Key offerings
• Exhibit 170: TotalEnergies SE - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 13.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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