Global Automotive Battery Market Forecast and Opportunities, 2019

Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format

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Global Automotive Battery Market Size

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The global automotive battery market size was valued at USD 69.11 billion in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.

Rising inclination towards adoption of zero-emission electric vehicles and hybrid vehicles over traditional vehicles, advancements in technology, and ease of availability are some of the key primary factors contributing to the growing demand for automotive batteries. In recent years, major market participants have adopted strategies such as improved research & development efforts, innovation, and capacity enhancements in production plants. It is expected to develop further growth for this industry in the coming years.

Market segmentation

The global automotive battery market is segmented by battery type (lead-acid, lithium-ion, and others), vehicle type (passenger cars and commercial vehicles), drive type (internal combustion engines and electric vehicles), and geography. Lead-acid batteries currently dominate the market, particularly in conventional vehicles. Lithium-ion batteries are experiencing significant growth, driven by the increasing adoption of electric vehicles. 

Market Analysis

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Market Segmentation Details

  • By Battery Type

    • Lead-acid Widely used in conventional vehicles due to low cost, safety, and recyclability, but with lower energy density. 
    • Lithium-ion Growing rapidly due to the increasing demand for electric vehicles, offering higher energy density and performance. 
    • Others Including nickel-metal hydride and other emerging battery technologies. 

  • By Vehicle Type

    • Passenger Cars A significant segment driven by individual transportation needs. 
    • Commercial Vehicles Another important segment, including trucks, buses, and other commercial vehicles. 

  • By Drive Type

    • Internal Combustion Engines (ICE) The dominant segment, requiring lead-acid batteries for starting, lighting, and accessories. 
    • Electric Vehicles (EVs) A rapidly growing segment, requiring lithium-ion batteries for propulsion and other functions. 

  • By Geography

    • Asia-Pacific A large and growing market due to rapid economic development and increasing vehicle production. 
    • North America A significant market with established automotive industries. 
    • Europe Another major market with strong regulations and a focus on electric mobility. 
    • Rest of the World Includes emerging markets with increasing vehicle ownership and demand. 

Key Automotive Battery Companies

The following are the leading companies in the automotive battery market. These companies collectively hold the largest market share and dictate industry trends.

Market Size

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Recent Developments

  • In March 2024, Exide Technologies acquired BE-Power GmbH. This strategic partnership represents a significant achievement as both companies can unite their respective strengths to drive innovation efforts with increased investments in the advanced lithium-ion business.

  • In May 2024, EnerSys signed an agreement to acquire Bren-Tronic, Inc., a prominent manufacturer of lithium batteries and charging solutions. The deal strengthened EnerSys's positioning and enhanced its portfolio related to the Specialty Aerospace and defense business. The company is expected to strengthen its relationship with the U.S. Department of Defense through its military and defense applications offerings backed by improved engineering and product development competencies.

Related Reports

Table of Content

Here is a sample Table of Contents (TOC) for a report titled "Global Automotive Battery Market":

Table of Contents

  1. Executive Summary
    1.1 Market Overview
    1.2 Key Findings
    1.3 Market Outlook

  2. Introduction
    2.1 Definition and Scope
    2.2 Research Methodology
    2.3 Assumptions and Limitations

  3. Market Dynamics
    3.1 Drivers
    3.2 Restraints
    3.3 Opportunities
    3.4 Challenges
    3.5 Value Chain Analysis
    3.6 Porter’s Five Forces Analysis

  4. Automotive Battery Market by Type
    4.1 Lead-Acid Battery
    4.2 Lithium-Ion Battery
    4.3 Nickel-Metal Hydride Battery
    4.4 Others

  5. Automotive Battery Market by Vehicle Type
    5.1 Passenger Vehicles
    5.2 Commercial Vehicles
    5.3 Electric Vehicles (EVs)
    5.4 Hybrid Vehicles

  6. Automotive Battery Market by Sales Channel
    6.1 OEM
    6.2 Aftermarket

  7. Regional Analysis
    7.1 North America
    7.2 Europe
    7.3 Asia-Pacific
    7.4 Latin America
    7.5 Middle East & Africa

  8. Competitive Landscape
    8.1 Market Share Analysis
    8.2 Key Player Profiles
    8.3 Recent Developments
    8.4 Strategic Initiatives

  9. Future Outlook and Forecast (2025–2030)
    9.1 Market Size and Growth Forecast
    9.2 Emerging Trends
    9.3 Investment Opportunities

  10. Appendix
    10.1 Glossary
    10.2 Abbreviations
    10.3 References
    10.4 Index

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