Automotive Battery Market is Expected to Grow at a CAGR of 5.7% during the Forecast period (2016-2024)

Posted on 2018-09-29 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Sep-29 — /EPR Network/ —According to Goldstein Research, a major driver in global automotive battery market is emerging market of lithium-ion battery-powered electric vehicles around the world. Electric vehicles are highly attractive for their potential to reduce greenhouse gas emissions from vehicles and to minimize the dependence on oil. By 2020, more than one-third of new vehicle sales will likely consist of hybrid-electric, plug-in hybrid, and all-electric models, which is likely to drive the growth of the Li-ion battery market.

Global automotive battery Market Outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. For instance, the Indian government is looking to give a major push to adoption of EVs and the main challenge would be in dropping the cost of lithium-ion battery used in electric vehicles, to overcome the challenge the government is planning to take initiatives in order to set up large lithium-ion batteries manufacturing plants in India.

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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

Based on Geography

North America (U.S. & Canada) Automotive battery Market {Market Share (%), Market Size(USD Billion)}
Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Automotive battery Market {Market Share (%), Market Size(USD Billion)}
Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden &RoE) Automotive battery Market {Market Share (%), Market Size(USD Billion)}
Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Automotive battery Market {Market Share (%), Market Size(USD Billion)}
The Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Automotive battery Market {Market Share (%), Market Size(USD Billion)}

“Global Automotive Battery Market 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, by vehicle type, and by distribution channel.

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Further, for the in-depth analysis, Global Automotive Battery Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market 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. 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 automotive battery market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players examining possibilities and other stakeholders to bring into line their market centric approaches according to the ongoing and expected trends in the future.

Key queries countered in this global automotive battery market report

What is the global automotive battery market size by 2024 and what would be the expected growth rate of sales?
What are the automotive battery market trends?
What are the dynamics which are driving this market?
What are the major barriers to automotive battery market growth?
Who are the prominent vendors in this market space?
What are the market prospects for the current and entry level players?

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Our analysts working on automotive industry market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.