Automotive Battery Market Size, Share & Trends Analysis Report By Battery Type (Lithium-Ion Based, Lead-Acid Based), By Vehicle Type (Passenger Vehicles, Electric Vehicles), And Segment Forecasts, 2018 - 2025

Published: Mar, 2018 | Pages: 100 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global automotive battery market size is anticipated to reach USD 95.57 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.9% during the forecast period. Features of an automotive battery have evolved drastically over the years as modern engines are smaller in displacement and use lower-viscosity engine oils. Furthermore, modern fuel injectors spray the gasoline directly onto the cylinder itself. Due to this, batteries in recent times are connected to vehicle's electrical system. Additionally, contemporary batteries act as a capacitor in the electrical system of vehicles to absorb voltage spikes, which are often created when the electric switch closes or opens.

Large-scale availability of batteries in various sizes and specifications along with high current level is expected to drive the market over the forecast period. Lead acid batteries are relatively cheaper as compared to other batteries and can be manufactured with relatively lower technology equipment, which in turn is projected to keep their demand high through 2025.

Sodium-ion batteries are the direct replacement of lithium-ion batteries, raw materials of which are costlier than the former. Moreover, Na-ion batteries are available in abundance. Compared to Li-ion batteries, they are a potentially safer and cheaper alternative. However, these batteries are still in the development stage and not available for practical use. In 2015, researchers developed a prototype of sodium-ion batteries in the industry standard of 18650 cylindrical formats.

Consensus to reduce carbon footprint is leading to a shift towards electric vehicles. Increasing fuel prices along with growing environmental concerns in developed countries are resulting in rising interest of individuals in electric vehicles. Several favorable regulatory initiatives are further supporting the sales of electric vehicles, which are estimated to augment the market.

Development of electric vehicles is also poised to be driven by an agreement promoted by the U.S., European Union, and Japan. The regions co-operate on the convergence of regulatory obligations to control cost pertaining to electric vehicles worldwide. Currently, electric cars represent a small share of the overall automobile sales, owing to which the agreement plays a crucial role in economic recovery and price-sensitivity of the industry.

Growing sales of vehicles and favorable government initiatives in developing economies such as India, China, Vietnam, and Mexico are likely to provide a fillip to the automotive battery market over the forecast period. For instance, in 2013, the Indian government set up the National Electric Mobility Mission Plan (NEMMP) 2020 to take into account various issues pertaining to vehicular pollution and national energy security. Penetration of electric vehicles in the India market is considerably low due to high cost of vehicles, low consumer disposable income, and absence of requisite infrastructure in the region. However, advent of low-cost EVs such as Mahindra e2o and Mahindra eVerito is projected to bolster the adoption in coming years, thereby providing substantial growth opportunities for the automotive battery market.

Further key findings from the report suggest:

• Lead acid batteries are the most commonly used type. On the other hand, the lithium-ion batteries segment is expected to post the highest CAGR during the forecast period

• Sodium-ion batteries are anticipated to gain tremendous popularity after their commercialization, owing to abundant availability of raw materials

• In terms of vehicle, passenger vehicles are estimated to command more than half of the market revenue throughout the forecast horizon

• Asia Pacific dominated the market in 2016, accounting for over 48.0% of the market revenue

• Manufacturers either outsource powertrain or batteries from specialist suppliers or carry out the entire manufacturing process. Key players in the market includeHitachi; Ltd.; NEC Corporation; Johnson Controls; LG Chem Ltd.; and Tesla, Inc. These companies have a firm foothold in the market with capabilities to cater to the local as well as the international market.

 Table of Contents

Chapter 1. Methodology and Scope
                   1.1. Research Methodology
                   1.2. Research Scope & Assumptions
                   1.3. List of Data Sources
Chapter 2. Executive Summary
                   2.1. Automotive Battery - Industry Snapshot & Key Buying Criteria, 2014 - 2025 
Chapter 3. Industry Outlook
                   3.1. Market Segmentation & Scope
                   3.2. Automotive Battery Market Size & Growth Prospects
                   3.3. Automotive Battery Strategy Analysis
                        3.3.1. List of battery suppliers
                        3.3.2. Comparative analysis of battery types
                        3.3.3. Battery usage in various industries
                        3.3.4. Automotive battery aftermarket analysis
                        3.3.5. Raw material outlook
                   3.4. Automotive Battery - Value Chain Analysis
                   3.5. Market Dynamics
                        3.5.1. Market driver analysis
                        3.5.2. Market restraint analysis
                   3.6. Key Opportunities - Prioritized
                   3.7. Automotive Battery- Key Company Analysis, 2016
                        3.7.1. Key company analysis, 2016
                   3.8. Industry Analysis - Porter's
                   3.9. Automotive Battery- PEST Analysis
                   3.10. Competitiveness Index
                        3.10.1. U.S.
                        3.10.2. Canada
                        3.10.3. China
                        3.10.4. India
                        3.10.5. Japan
                        3.10.6. U.K.
                        3.10.7. Germany
Chapter 4. Automotive Battery Market: Battery Type Estimates & Trend Analysis
                   4.1. Automotive Battery Market: Battery Type Analysis
                        4.1.1. Lithium-ion based market estimates and forecasts, 2014 - 2025 (USD Billion)
                        4.1.2. Lead-acid based market estimates and forecasts, 2014 - 2025 (USD Billion)
                             4.1.2.1. Construction type market estimates and forecasts, 2014 - 2025 (USD Billion)
                                  4.1.2.1.1. VRLA battery market estimates and forecasts, 2014 - 2025 (USD Billion)
                                  4.1.2.1.2. Flooded market estimates and forecasts, 2014 - 2025 (USD Billion)
                             4.1.2.2. Product market estimates and forecasts, 2014 - 2025 (USD Billion)
                                  4.1.2.2.1. SLI market estimates and forecasts, 2014 - 2025 (USD Billion)
                                  4.1.2.2.2. Stationary market estimates and forecasts, 2014 - 2025 (USD Billion)
                                  4.1.2.2.3. Motive market estimates and forecasts, 2014 - 2025 (USD Billion)
                        4.1.3. Nickel-based market estimates and forecasts, 2014 - 2025 (USD Billion)
                        4.1.4. Sodium-ion market estimates and forecasts, 2014 - 2025 (USD Billion)
                        4.1.5. Others market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 5. Automotive Battery Market: Vehicle Estimates & Trend Analysis
                   5.1. Automotive Battery Market: Vehicle Type Analysis
                        5.1.1. Passenger vehicles market estimates and forecasts, 2014 - 2025 (USD Billion)
                        5.1.2. Commercial vehicles market estimates and forecasts, 2014 - 2025 (USD Billion)
                        5.1.3. Electric vehicles market estimates and forecasts, 2014 - 2025 (USD Billion)
                             5.1.3.1. BEV market estimates and forecasts, 2014 - 2025 (USD Billion)
                             5.1.3.2. PHEV market estimates and forecasts, 2014 - 2025 (USD Billion)
                        5.1.4. Others market estimates and forecasts, 2014 - 2025 (USD Billion)
Chapter 6. Automotive Battery Market: Regional Estimates & Trend Analysis
                   6.1. Automotive Battery Market: Region Analysis
                   6.2. North America
                        6.2.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                        6.2.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.2.3. U.S.
                             6.2.3.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.2.3.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.2.4. Canada
                             6.2.4.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.2.4.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.2.5. Mexico
                             6.2.5.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.2.5.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                   6.3. Europe
                        6.3.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                        6.3.2. Automotive battery market by vehicle type 2014 - 2025 (USD Billion)
                        6.3.3. Germany
                             6.3.3.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.3.3.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.3.4. U.K.
                             6.3.4.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.3.4.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.3.5. France
                             6.3.5.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.3.5.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                   6.4. Asia Pacific
                        6.4.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                        6.4.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.4.3. China
                             6.4.3.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.4.3.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.4.4. Japan
                             6.4.4.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.4.4.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                        6.4.5. India
                             6.4.5.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.4.5.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                   6.5. South America
                        6.5.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                        6.5.2. Automotive battery market by vehicle type 2014 - 2025 (USD Billion)
                        6.5.3. Brazil
                             6.5.3.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                             6.5.3.2. Automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
                   6.6. MEA
                        6.6.1. Automotive battery market by battery type, 2014 - 2025 (USD Billion)
                        6.6.2. Automotive battery market by vehicle type 2014 - 2025 (USD Billion)
Chapter 7. Competitive Landscape
                   7.1. A123 Systems, LLC
                        7.1.1. Company overview
                        7.1.2. Financial performance
                        7.1.3. Product benchmarking
                        7.1.4. Recent developments
                   7.2. BYD Co., Ltd.
                        7.2.1. Company overview
                        7.2.2. Financial performance
                        7.2.3. Product benchmarking
                        7.2.4. Recent developments
                   7.3. East Penn Manufacturing Company
                        7.3.1. Company overview
                        7.3.2. Financial performance
                        7.3.3. Product benchmarking
                        7.3.4. Recent developments
                   7.4. Enersys
                        7.4.1. Company overview
                        7.4.2. Financial performance
                        7.4.3. Product benchmarking
                        7.4.4. Recent developments
                   7.5. Exide Technologies
                        7.5.1. Company overview
                        7.5.2. Product benchmarking
                        7.5.3. Recent developments
                   7.6. GS Yuasa Corporation
                        7.6.1. Company overview
                        7.6.2. Financial performance
                        7.6.3. Product benchmarking
                        7.6.4. Recent developments
                   7.7. Hitachi, Ltd.
                        7.7.1. Company overview
                        7.7.2. Financial performance
                        7.7.3. Product benchmarking
                        7.7.4. Recent developments
                   7.8. Johnson Controls
                        7.8.1. Company overview
                        7.8.2. Financial performance
                        7.8.3. Product benchmarking
                        7.8.4. Recent developments
                   7.9. LG Chem Ltd.
                        7.9.1. Company overview
                        7.9.2. Financial performance
                        7.9.3. Product benchmarking
                        7.9.4. Recent developments
                   7.10. NEC Corporation
                        7.10.1. Company overview
                        7.10.2. Financial performance
                        7.10.3. Product benchmarking
                        7.10.4. Recent developments
                   7.11. Panasonic Corporation
                        7.11.1. Company overview
                        7.11.2. Financial performance
                        7.11.3. Product benchmarking
                        7.11.4. Recent developments
                   7.12. Samsung SDI Co., Ltd.
                        7.12.1. Company overview
                        7.12.2. Financial performance
                        7.12.3. Product benchmarking
                        7.12.4. Recent developments
                   7.13. Toshiba Corporation
                        7.13.1. Company overview
                        7.13.2. Financial performance
                        7.13.3. Product benchmarking
                        7.13.4. Recent developments
                   7.14. Tesla, Inc. 
                        7.14.1. Company overview
                        7.14.2. Financial performance
                        7.14.3. Product benchmarking
                        7.14.4. Recent developments

List of Tables

TABLE 1 Automotive battery - Industry snapshot & critical success factors, 2014 - 2025 
TABLE 2 Global automotive battery market, 2014 - 2025 (USD Billion)
TABLE 3 Global automotive battery market estimates and forecasts by battery type, 2014 - 2025 (USD Billion) 
TABLE 4 Global lead-acid based market estimates and forecasts by construction type, 2014 - 2025 (USD Billion) 
TABLE 5 Global lead-acid based market estimates and forecasts by product, 2014 - 2025 (USD Billion) 
TABLE 6 Global automotive battery market estimates and forecasts by managed vehicle type, 2014 - 2025 (USD Billion) 
TABLE 7 Global electric vehicle market estimates and forecasts by type, 2014 - 2025 (USD Billion) 
TABLE 8 Global automotive battery market estimates and forecasts by region, 2014 - 2025 (USD Billion) .
TABLE 9 Raw materials for different batteries
TABLE 10 Key company analysis
TABLE 11 Advantages and disadvantages of NiCd batteries
TABLE 12 Advantages and disadvantages of lead-acid batteries
TABLE 13 Advantages and disadvantages of Li-ion batteries
TABLE 14 Battery usage in various industries
TABLE 15 Global automotive lead-acid battery market by region, 2014 - 2025 (USD Billion)
TABLE 16 Global automotive lithium-ion battery market by region, 2014 - 2025 (USD Billion)
TABLE 17 Global automotive sodium-ion battery market by region, 2014 - 2025 (USD Billion)
TABLE 18 Global automotive nickel-based battery market by region, 2014 - 2025 (USD Billion)
TABLE 19 Global others battery market by region, 2014 - 2025 (USD Billion)
TABLE 20 Global passenger vehicles market by region, 2014 - 2025 (USD Billion)
TABLE 21 Global electric vehicles market by region, 2014 - 2025 (USD Billion)
TABLE 22 Global commercial vehicles market by region, 2014 - 2025 (USD Billion)
TABLE 23 Global other vehicle type market by region, 2014 - 2025 (USD Billion)
TABLE 24 North America automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 25 North America lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 26 North America lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 27 North America automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 28 North America electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 29 U.S. automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 30 U.S. lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 31 U.S. lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 32 U.S. automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 33 U.S. electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 34 Canada automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 35 Canada lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 36 Canada lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 37 Canada automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 38 Canada electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 39 Mexico automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 40 Mexico lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 41 Mexico lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 42 Mexico automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 43 Mexico electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 44 Europe automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 45 Europe lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 46 Europe lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 47 Europe automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 48 Europe electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 49 U.K. automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 50 U.K. lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 51 U.K. lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 52 U.K. automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 53 U.K. electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 54 Germany automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 55 Germany lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 56 Germany lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 57 Germany automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 58 Germany electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 59 France automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 60 France lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 61 France lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 62 France automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 63 France electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 64 Asia Pacific automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 65 Asia Pacific lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 66 Asia Pacific lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 67 Asia Pacific automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 68 Asia Pacific electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 69 China automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 70 China lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 71 China lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 72 China automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 73 China electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 74 India automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 75 India lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 76 India lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 77 India automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 78 India electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 79 Japan automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 80 Japan lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 81 Japan lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 82 Japan automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 83 Japan electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 84 South America automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 85 South America lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 86 South America lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 87 South America automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 88 South America electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 89 Brazil automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 90 Brazil lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 91 Brazil lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 92 Brazil automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 93 Brazil electric vehicle market by type, 2014 - 2025 (USD Billion)
TABLE 94 South America automotive battery market by battery type, 2014 - 2025 (USD Billion)
TABLE 95 South America lead-acid battery market by construction type, 2014 - 2025 (USD Billion)
TABLE 96 South America lead-acid battery market by product, 2014 - 2025 (USD Billion)
TABLE 97 South America automotive battery market by vehicle type, 2014 - 2025 (USD Billion)
TABLE 98 South America electric vehicle market by type, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Automotive battery market size and growth prospects (Revenue in USD Billion) 2014 - 2025
FIG. 3 Automotive battery - Value chain analysis
FIG. 4 Market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Porter's five forces analysis
FIG. 7 Automotive battery - PEST analysis
FIG. 8 Automotive battery market: Battery type movement analysis
FIG. 9 Automotive battery market: Vehicle type movement analysis
FIG. 10 Regional marketplace: Key takeaways
FIG. 11 Regional outlook, 2016 & 2025
FIG. 12 North America marketplace: Key takeaways
FIG. 13 Europe marketplace: Key takeaways
FIG. 14 Asia Pacific marketplace: Key takeaways
FIG. 15 South America marketplace: Key takeaways
FIG. 16 MEA marketplace: Key takeaways