Car battery, or automotive battery, is a rechargeable battery that provides electric current to the motor which powers the internal combustion engine, in turn, propelling the vehicle forward. Electric vehicles are equipped with a high-voltage electric vehicle battery and an automotive battery, which are often referred to as auxiliary batteries. Modern cars are equipped with a lot of advanced electronic equipment that offer advanced safety features and enhanced driving controls. Recent advances in battery technology have led to the development of batteries that can deliver adequate and reliable power and years of dependable service.
Paradigm shift in preference for electric and hybrid vehicles to reduce carbon emissions, increasing investment to accelerate R&D activities to develop advanced batteries, and increasing production and sales of vehicles have significantly boosted the revenue growth of the car battery market. Increasing demand for cars with latest upgrades and advanced features owing to rising disposable incomes among individuals across the globe is also expected to fuel market growth going ahead.
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Major players in the market include Exide Technologies, A123 Systems, LLC, Enersys, Hitachi, Ltd., GS Yuasa Corporation, LG Chem Ltd., BYD Co. Ltd., NEC Corporation, Samsung SDI Co., Ltd., and LG Chem Ltd.
Some Key Highlights From the Report
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For the purpose of this report, Reports and Data has segmented the global car battery market based on type, vehicle type, sales channel, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Vehicle Type Outlook (Revenue, USD Billion; 2018–2028)
Sales Channel Outlook (Revenue, USD Billion; 2018–2028)
Regional Analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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