Global Automotive Battery Market, 2015–2021
Automotive battery is a battery that supplies electric energy to automobiles. It is also widely known as “rechargeable battery”.
Automotive battery is a battery that supplies electric energy to automobiles. It is also widely known as “rechargeable battery”.
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Published By:Zion <strong>Market</strong> Research<br />
<strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong>: <strong>Global</strong> Industry Size, Share and Trends<br />
Analysis and Forecast, 2015-2021<br />
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<strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research, the market research group announced the analysis report titled ‘<strong>Automotive</strong><br />
<strong>Battery</strong> <strong>Market</strong>: <strong>Global</strong> Industry Size, Share and Trends Analysis and Forecast, 2015-2021’<br />
An automotive battery is a battery that supplies electric energy to automobiles. It is also widely<br />
known as “rechargeable battery”. <strong>Automotive</strong> batteries are mainly used for SLI (starting, lighting,<br />
and ignition) systems and their main purpose is to start the system. Apart from starting the engine,<br />
automotive batteries supply the extra power required when the vehicle’s electrical requirements<br />
exceed the supply from the charging system. Moreover, it is a stabilizer that balances potentially<br />
damaging voltage spikes.<br />
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The global automotive battery market is proving its dominance in the vehicle market owing to its<br />
increasing demand for batteries. These batteries serve numerous automotive applications. Rising<br />
demand for hybrid, semi-hybrid and fully electric vehicles will the growth of automotive vehicles<br />
market in a positive way in the near future. In addition, the new trend of providing latest vehicles<br />
with start–stop batteries will further boost the growth of the global market. Owing to the<br />
developments in the automotive batteries, the adoption rate of these batteries is increasing in
<strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong><br />
passenger and commercial vehicles. All the above-mentioned factors are setting up the market for<br />
electric vehicles, which in turn results in a growth of the global automotive battery market.<br />
On the basis of battery type, the automotive battery market is segmented as lead acid batteries,<br />
lithium ion batteries, nickel metal hybrid batteries, and others. Further, the market is segmented based<br />
on the vehicle type as electric bikes, hybrid cars, electric cars, and others. On the basis of application,<br />
the market can be segmented as two/three wheeler’s battery, car and light van’s battery, heavy motor<br />
vehicles’ battery, and others.<br />
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North America dominates the global market followed by Europe and Asia-Pacific. <strong>Automotive</strong><br />
battery market is anticipated to witness moderate but steady growth in the near future. The highest<br />
growth rate is observed in Asia Pacific and is expected to rise in the coming years. China, on the<br />
other hand, ranks as the fastest growing automotive battery market owing to the high demand for<br />
commercial and passenger vehicles in the region. In addition, the new trend of vehicles with latest<br />
features will be largely observed in Europe along with the U.S. and China. Increasing demands from<br />
other Asian countries such as India, Malaysia, Thailand, and the Philippines further impacts the<br />
global market growth in a positive way.
<strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Key players in the global automotive battery market include East Penn Manufacturing Co., Inc.,<br />
Camel Group Co., Ltd., Exide Technologies, FIAMM S.p.A., Fengfan Co., Ltd., Douglas <strong>Battery</strong>,<br />
Zhejiang Narada Power Source Co. Ltd., Johnson Controls Inc., The Furukawa <strong>Battery</strong> Co., Ltd., and<br />
Shandong Sacred Sun Power Sources Co., Ltd., Some other major players in the market are Zhejiang<br />
Haijiu <strong>Battery</strong> Co., Ltd., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power<br />
Sources Co., Ltd., and GS Yuasa Corporation.<br />
<strong>Global</strong> <strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong> by Geographical Analysis: North America( U.S.), Europe(<br />
UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and<br />
Africa<br />
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<strong>Automotive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.comWeb:www.zionmarketresearch.com
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