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Automobile Battery-Global Market Insights and Sales Trends 2024
Synopsis
An ideal automotive battery must be capable of offering adequate reserve capacity, which signifies the amount of electrical energy that the battery can deliver when it is fully charged. Some of the rankings that are commonly used to measure battery performance include cold cranking amperes (CCA), amp-hours (AH), power (Watts), and reserve capacity (RC).
Successful manufacturing of an EV requires the implementation of supportive policies by federal, state, and area administrative bodies to sustain long-term benefits. Electric utility providers are also required to develop a uniform platform and provide operational support for EVs. Favorable regulatory policies can provide a phenomenal push to sales of electric vehicles, which in turn can help the automotive battery market to gain tremendous momentum over the forecast period.
The global Automobile Battery market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automobile Battery in various end use industries. The expanding demands from the HEV and BEV, are propelling Automobile Battery market. Lithium Ion Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the NI-MH Battery segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automobile Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automobile Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automobile Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automobile Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automobile Battery covered in this report include BYD, Panasonic, CATL, OptimumNano, LG Chem, GuoXuan, Lishen, PEVE and AESC, etc.
The global Automobile Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BYD
Panasonic
CATL
OptimumNano
LG Chem
GuoXuan
Lishen
PEVE
AESC
Samsung
Lithium Energy Japan
Beijing Pride Power
BAK Battery
WanXiang
Hitachi
ACCUmotive
Boston Power
Global Automobile Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automobile Battery market, Segment by Type:
Lithium Ion Battery
NI-MH Battery
Other
Global Automobile Battery market, by Application
HEV
BEV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automobile Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automobile Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
An ideal automotive battery must be capable of offering adequate reserve capacity, which signifies the amount of electrical energy that the battery can deliver when it is fully charged. Some of the rankings that are commonly used to measure battery performance include cold cranking amperes (CCA), amp-hours (AH), power (Watts), and reserve capacity (RC).
Successful manufacturing of an EV requires the implementation of supportive policies by federal, state, and area administrative bodies to sustain long-term benefits. Electric utility providers are also required to develop a uniform platform and provide operational support for EVs. Favorable regulatory policies can provide a phenomenal push to sales of electric vehicles, which in turn can help the automotive battery market to gain tremendous momentum over the forecast period.
The global Automobile Battery market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automobile Battery in various end use industries. The expanding demands from the HEV and BEV, are propelling Automobile Battery market. Lithium Ion Battery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the NI-MH Battery segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automobile Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automobile Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automobile Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automobile Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automobile Battery covered in this report include BYD, Panasonic, CATL, OptimumNano, LG Chem, GuoXuan, Lishen, PEVE and AESC, etc.
The global Automobile Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BYD
Panasonic
CATL
OptimumNano
LG Chem
GuoXuan
Lishen
PEVE
AESC
Samsung
Lithium Energy Japan
Beijing Pride Power
BAK Battery
WanXiang
Hitachi
ACCUmotive
Boston Power
Global Automobile Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automobile Battery market, Segment by Type:
Lithium Ion Battery
NI-MH Battery
Other
Global Automobile Battery market, by Application
HEV
BEV
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automobile Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automobile Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Automobile Battery Market Overview
1.1 Automobile Battery Product Overview
1.2 Automobile Battery Market Segment by Type
1.2.1 Lithium Ion Battery
1.2.2 NI-MH Battery
1.2.3 Other
1.3 Global Automobile Battery Market Size by Type
1.3.1 Global Automobile Battery Market Size Overview by Type (2018-2029)
1.3.2 Global Automobile Battery Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automobile Battery Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automobile Battery Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automobile Battery Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automobile Battery Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automobile Battery Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automobile Battery Sales Breakdown by Type (2018-2023)
2 Global Automobile Battery Market Competition by Company
2.1 Global Top Players by Automobile Battery Sales (2018-2023)
2.2 Global Top Players by Automobile Battery Revenue (2018-2023)
2.3 Global Top Players by Automobile Battery Price (2018-2023)
2.4 Global Top Manufacturers Automobile Battery Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automobile Battery Market Competitive Situation and Trends
2.5.1 Automobile Battery Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automobile Battery Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automobile Battery as of 2022)
2.7 Date of Key Manufacturers Enter into Automobile Battery Market
2.8 Key Manufacturers Automobile Battery Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automobile Battery Status and Outlook by Region
3.1 Global Automobile Battery Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automobile Battery Historic Market Size by Region
3.2.1 Global Automobile Battery Sales in Volume by Region (2018-2023)
3.2.2 Global Automobile Battery Sales in Value by Region (2018-2023)
3.2.3 Global Automobile Battery Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automobile Battery Forecasted Market Size by Region
3.3.1 Global Automobile Battery Sales in Volume by Region (2024-2029)
3.3.2 Global Automobile Battery Sales in Value by Region (2024-2029)
3.3.3 Global Automobile Battery Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automobile Battery by Application
4.1 Automobile Battery Market Segment by Application
4.1.1 HEV
4.1.2 BEV
4.2 Global Automobile Battery Market Size by Application
4.2.1 Global Automobile Battery Market Size Overview by Application (2018-2029)
4.2.2 Global Automobile Battery Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automobile Battery Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automobile Battery Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automobile Battery Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automobile Battery Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automobile Battery Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automobile Battery Sales Breakdown by Application (2018-2023)
5 North America Automobile Battery by Country
5.1 North America Automobile Battery Historic Market Size by Country
5.1.1 North America Automobile Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automobile Battery Sales in Volume by Country (2018-2023)
5.1.3 North America Automobile Battery Sales in Value by Country (2018-2023)
5.2 North America Automobile Battery Forecasted Market Size by Country
5.2.1 North America Automobile Battery Sales in Volume by Country (2024-2029)
5.2.2 North America Automobile Battery Sales in Value by Country (2024-2029)
6 Europe Automobile Battery by Country
6.1 Europe Automobile Battery Historic Market Size by Country
6.1.1 Europe Automobile Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automobile Battery Sales in Volume by Country (2018-2023)
6.1.3 Europe Automobile Battery Sales in Value by Country (2018-2023)
6.2 Europe Automobile Battery Forecasted Market Size by Country
6.2.1 Europe Automobile Battery Sales in Volume by Country (2024-2029)
6.2.2 Europe Automobile Battery Sales in Value by Country (2024-2029)
7 Asia-Pacific Automobile Battery by Region
7.1 Asia-Pacific Automobile Battery Historic Market Size by Region
7.1.1 Asia-Pacific Automobile Battery Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automobile Battery Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automobile Battery Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automobile Battery Forecasted Market Size by Region
7.2.1 Asia-Pacific Automobile Battery Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automobile Battery Sales in Value by Region (2024-2029)
8 Latin America Automobile Battery by Country
8.1 Latin America Automobile Battery Historic Market Size by Country
8.1.1 Latin America Automobile Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automobile Battery Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automobile Battery Sales in Value by Country (2018-2023)
8.2 Latin America Automobile Battery Forecasted Market Size by Country
8.2.1 Latin America Automobile Battery Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automobile Battery Sales in Value by Country (2024-2029)
9 Middle East and Africa Automobile Battery by Country
9.1 Middle East and Africa Automobile Battery Historic Market Size by Country
9.1.1 Middle East and Africa Automobile Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automobile Battery Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automobile Battery Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automobile Battery Forecasted Market Size by Country
9.2.1 Middle East and Africa Automobile Battery Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automobile Battery Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BYD
10.1.1 BYD Company Information
10.1.2 BYD Introduction and Business Overview
10.1.3 BYD Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BYD Automobile Battery Products Offered
10.1.5 BYD Recent Development
10.2 Panasonic
10.2.1 Panasonic Company Information
10.2.2 Panasonic Introduction and Business Overview
10.2.3 Panasonic Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Panasonic Automobile Battery Products Offered
10.2.5 Panasonic Recent Development
10.3 CATL
10.3.1 CATL Company Information
10.3.2 CATL Introduction and Business Overview
10.3.3 CATL Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.3.4 CATL Automobile Battery Products Offered
10.3.5 CATL Recent Development
10.4 OptimumNano
10.4.1 OptimumNano Company Information
10.4.2 OptimumNano Introduction and Business Overview
10.4.3 OptimumNano Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.4.4 OptimumNano Automobile Battery Products Offered
10.4.5 OptimumNano Recent Development
10.5 LG Chem
10.5.1 LG Chem Company Information
10.5.2 LG Chem Introduction and Business Overview
10.5.3 LG Chem Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.5.4 LG Chem Automobile Battery Products Offered
10.5.5 LG Chem Recent Development
10.6 GuoXuan
10.6.1 GuoXuan Company Information
10.6.2 GuoXuan Introduction and Business Overview
10.6.3 GuoXuan Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GuoXuan Automobile Battery Products Offered
10.6.5 GuoXuan Recent Development
10.7 Lishen
10.7.1 Lishen Company Information
10.7.2 Lishen Introduction and Business Overview
10.7.3 Lishen Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Lishen Automobile Battery Products Offered
10.7.5 Lishen Recent Development
10.8 PEVE
10.8.1 PEVE Company Information
10.8.2 PEVE Introduction and Business Overview
10.8.3 PEVE Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.8.4 PEVE Automobile Battery Products Offered
10.8.5 PEVE Recent Development
10.9 AESC
10.9.1 AESC Company Information
10.9.2 AESC Introduction and Business Overview
10.9.3 AESC Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.9.4 AESC Automobile Battery Products Offered
10.9.5 AESC Recent Development
10.10 Samsung
10.10.1 Samsung Company Information
10.10.2 Samsung Introduction and Business Overview
10.10.3 Samsung Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Samsung Automobile Battery Products Offered
10.10.5 Samsung Recent Development
10.11 Lithium Energy Japan
10.11.1 Lithium Energy Japan Company Information
10.11.2 Lithium Energy Japan Introduction and Business Overview
10.11.3 Lithium Energy Japan Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Lithium Energy Japan Automobile Battery Products Offered
10.11.5 Lithium Energy Japan Recent Development
10.12 Beijing Pride Power
10.12.1 Beijing Pride Power Company Information
10.12.2 Beijing Pride Power Introduction and Business Overview
10.12.3 Beijing Pride Power Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Beijing Pride Power Automobile Battery Products Offered
10.12.5 Beijing Pride Power Recent Development
10.13 BAK Battery
10.13.1 BAK Battery Company Information
10.13.2 BAK Battery Introduction and Business Overview
10.13.3 BAK Battery Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.13.4 BAK Battery Automobile Battery Products Offered
10.13.5 BAK Battery Recent Development
10.14 WanXiang
10.14.1 WanXiang Company Information
10.14.2 WanXiang Introduction and Business Overview
10.14.3 WanXiang Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.14.4 WanXiang Automobile Battery Products Offered
10.14.5 WanXiang Recent Development
10.15 Hitachi
10.15.1 Hitachi Company Information
10.15.2 Hitachi Introduction and Business Overview
10.15.3 Hitachi Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Hitachi Automobile Battery Products Offered
10.15.5 Hitachi Recent Development
10.16 ACCUmotive
10.16.1 ACCUmotive Company Information
10.16.2 ACCUmotive Introduction and Business Overview
10.16.3 ACCUmotive Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.16.4 ACCUmotive Automobile Battery Products Offered
10.16.5 ACCUmotive Recent Development
10.17 Boston Power
10.17.1 Boston Power Company Information
10.17.2 Boston Power Introduction and Business Overview
10.17.3 Boston Power Automobile Battery Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Boston Power Automobile Battery Products Offered
10.17.5 Boston Power Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automobile Battery Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automobile Battery Industrial Chain Analysis
11.4 Automobile Battery Market Dynamics
11.4.1 Automobile Battery Industry Trends
11.4.2 Automobile Battery Market Drivers
11.4.3 Automobile Battery Market Challenges
11.4.4 Automobile Battery Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automobile Battery Distributors
12.3 Automobile Battery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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