Apr 16, 2018   SOURCE: BusinessWire

Global Automotive Battery Market 2018-2023 to Reach $34.97 Billion, Driven by Key Players Samsung SD, Exide, Panasonic, and China Aviation Lithium - ResearchAndMarkets.com

The "Global Automotive Battery Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The automotive battery market value is estimated to reach USD 34,967.2 million by 2023, registering a CAGR of around 6.5%, during the forecasted period of 2018-2023. The market has high scope of profits ahead with the revolution of electronic vehicles across the world.

Features in commercial and passenger vehicles are set to increase exponentially during the forecast period, which is anticipated be a major driver for the automotive battery market. Another factor of growth in the battery market is increasingly growing demand for automobiles and stringent emission standards set by numerous government agencies. The growth is further set to be assisted by increasing environmental concerns on emissions from traditional automotive batteries and offering different advantages with the advanced technologies are used in present batteries.

The lithium-ion battery is predicted to be the fastest growing battery type in the upcoming years on account of the exponential increase expected in the electric, as well as plug-in hybrid vehicles market. The rise in scooter sales in the Africa and Asia-Pacific region should boost the demand for scooter batteries in the forecast period.

The global automotive battery market is dominated by some key vendors i.e. Samsung SD, Exide, Panasonic, and China Aviation Lithium.

Recent Developments

  • March 2018: Renault-Nissan aims to leapfrog competition on new battery technology
  • March 2018: Panasonic begins mass production, shipment of automotive lithium-ion batteries in China

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Technology Trends

5. Market Dynamics

6. Automotive Battery Market Segmentation, by Battery Type

7. Automotive Battery Market Segmentation, by Vehicle Type

8. Global Automotive Battery Market Segmentation, By Geography

9. Competitive Landscape

10. Company Profile

  • A123 Systems
  • Amara Raja Batteries
  • Automotive Energy Supply Corporation
  • China Aviation Lithium
  • Delphi Automotive
  • Exide
  • Johnson Controls
  • Panasonic Corporation
  • Saft Group S.A.
  • Samsung SD
  • Toshiba Corporation
  • VARTA

11. Future Outlook of the Market

For more information about this report visit https://www.researchandmarkets.com/research/pmpsz2/global_automotive?w=4