According to Goldstein Research, global automotive battery market size is expected to reach USD 23.5 billion by 2024, growing at a compounded annual growth rate of 5.7% during the forecast period 2016-2024. The expected high growth of electric vehicles in near future & increasing demand for lithium-ion batteries are together driving the growth of the market.

Global automotive battery market segmentation has been carried out on the basis of product type, vehicle type, distribution channel, and geography. Passenger cars acquired the largest market share in 2016 owing to increased sales of passenger cars & expected to drive the electric vehicles market.

Global automotive battery market is largely driven by the Asia-Pacific in terms of revenue share owing to the large automotive industry in the region. Whereas in North America & Europe the increasing adoption advance automotive technologies (automotive telematics, autonomous vehicles, and electric vehicles), there are high growth opportunities of the automotive battery market in these regions.

Market Segmentation

On the basis of our in-depth analysis, Global Automotive Battery Market can be segmented as follows:

• By Product Type
  • Lead-acid Battery
  • Nickel Metal-Hydride Battery
  • Lithium-ion Battery
• By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
  • Two-Wheelers
• By Distribution Channel
  • OEMs (Original Equipment Manufacturers)
  • Aftermarket
• By Region
• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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 “Global Automotive Battery Industry Outlook 2024”contains a detailed overview of the global automotive battery market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, vehicle type, and distribution channel.

Further, for the in-depth analysis, Global Automotive Battery Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Exide Technologies, Johnson Controls International plc., Panasonic, Robert Bosch, Haldex Incorporated, ZF TRW Automotive Holdings Corporation, Hitachi Ltd., EnerSys, Furukawa Electric Co. Ltd., Leoch International Tech, GS Yuasa Corporation, Crown Battery Manufacturing Company, BYD Company, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global trends along with a market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis report for helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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