Automotive Battery Market Analysis & industry Forecast 2016-2024

New York, USA, 2018-Nov-01 — /EPR Network/ —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.  Major driver in global automotive battery market is lithium ion battery market as electric vehicles ,generally powered by lithium ion battery are highly attractive for their potential to reduce greenhouse gas emissions from vehicles and to minimize the dependence on oil.

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

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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

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 the 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 analysis 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 automotive battery market trends along with the 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.

Key questions answered in this Global Automotive Battery Report

• What is the Global Automotive Battery Market Size by 2024 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the automotive battery market trends?
• What are the factors which are driving this market?
• What are the major barriers to automotive battery market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

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 industry, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis  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 industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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Browse Similar Report on automotive lead acid battery as Goldstein Research analyst forecast global automotive lead acid battery market is likely to grow exponentially with the emergence of electric vehicles in coming years and growing number of electric equipment in automobiles. Moreover, the market is anticipated to reach USD 33.5 billion at a CAGR of 4.5% over the forecast period i.e. 2016-2024.