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 automotive battery market.
The automotive industry’s pursuit to limit its environmental impact and Transformation of automotive mobility into a sustainable mode of transportation continues at high intensity.
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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 report by Goldstein Research contains a detailed overview of the global automotive battery market. Further, for the in-depth analysis, the 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.
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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 analysis 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.