Tuesday, 02 January 2024 12:17 GMT

Automotive Starting Battery Market To Hit $36.2B By 2033, Driven By EV And Vehicle Production Growth


EINPresswire/ -- According to a new report published by Allied Market Research, titled, “Automotive Starting Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Battery Type (Lead-Acid Batteries, Enhanced Flooded Batteries, Absorbent Glass Mat (AGM) Batteries, Lithium-Ion Batteries) , by Vehicle Type (Passenger Vehicles, Commercial Vehicles, Heavy Commercial Vehicles) : Global Opportunity Analysis and Industry Forecast, 2024 - 2033" The global automotive starting battery market was valued at $23.5 billion in 2023, and is projected to reach $36.2 billion by 2033, growing at a CAGR of 4.4% from 2024 to 2033.

The automotive starting battery market is witnessing steady growth driven by the rising production of vehicles, advancements in battery technology, and the growing demand for reliable energy storage solutions. Increasing electrification of vehicles and stringent emission norms are further accelerating the adoption of efficient starting batteries across passenger and commercial vehicles.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲:

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀
1. Growing Vehicle Production and Sales
The surge in global vehicle manufacturing, particularly in emerging economies, is boosting demand for starting batteries. Both passenger cars and commercial vehicles rely heavily on these batteries for ignition and auxiliary power functions.

2. Shift Toward Advanced Battery Technologies
Technological advancements such as Absorbent Glass Mat (AGM) and Enhanced Flooded Batteries (EFB) are gaining traction due to their longer life cycle, improved performance, and ability to support start-stop systems in modern vehicles.

3. Regulatory Push for Emission Reduction
Governments worldwide are enforcing strict emission norms, encouraging the integration of fuel-efficient and hybrid vehicles. This is increasing the need for advanced starting batteries compatible with start-stop and hybrid systems.

4. Rising Demand from Aftermarket Sales
The aftermarket segment contributes significantly due to the replacement cycle of batteries, which typically ranges from 3 to 5 years. Increasing consumer awareness about battery health and preventive maintenance is supporting aftermarket growth.

5. Challenges of Raw Material Costs and Recycling
Fluctuating prices of raw materials such as lead and lithium pose a challenge for manufacturers. Moreover, the need for efficient recycling and disposal methods adds to the environmental and regulatory pressure.

𝗦𝗻𝗮𝗴 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁:

𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄
The automotive starting battery industry is segmented by battery type (Lead-acid, AGM, EFB, and others), vehicle type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and distribution channel (OEM and Aftermarket). Among these, lead-acid batteries dominate the market, while AGM and EFB are rapidly gaining ground with the rise in hybrid and advanced vehicle systems.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
1. Asia-Pacific
Asia-Pacific holds the largest market share due to high automobile production in countries like China, India, and Japan. Rapid urbanization, rising disposable incomes, and growing vehicle ownership are driving demand in this region.

2. North America & Europe
North America and Europe are witnessing strong demand for advanced battery technologies due to stringent emission norms and the widespread adoption of start-stop and hybrid vehicles. Europe, in particular, is a frontrunner in integrating sustainable and efficient battery solutions.

𝗙𝗼𝗿 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗜𝗻𝗾𝘂𝗶𝗿𝘆:


𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
1. Market Competition
The market is highly competitive with the presence of global and regional players. Leading companies are investing in R&D to develop high-performance batteries that support the growing trend of vehicle electrification.

2. Key Players
Major players include Exide Technologies, Johnson Controls, GS Yuasa, Panasonic Corporation, East Penn Manufacturing, and Clarios. Strategic partnerships, product innovation, and expansion in emerging markets are key strategies adopted by these players.

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝘂𝗱𝘆
• Asia-Pacific leads the market due to strong automotive production and rising demand.
• AGM and EFB batteries are growing rapidly due to their compatibility with modern vehicle systems.
• Aftermarket sales remain a significant revenue contributor due to frequent replacement cycles.
• Stringent emission norms are boosting the adoption of fuel-efficient and hybrid vehicles, driving advanced battery demand.
• Recycling and raw material cost volatility remain critical challenges for industry players.

𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:
Battery Technology Market


Lithium-Ion Battery For Consumer Electronics Market


Breathing Battery Market


Solid State Battery Market


Electric Scooter Battery Market


Golf Cart Battery Market


Portable Battery Market

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