Industry Background:
The car starting battery is defined as the automotive battery which supplies electrical current to a motor vehicle. It is mainly made from six galvanic cells which are connected in series to provide a nominally 12-volt system. The rising number of vehicles in Asia Pacific countries such as China & India and increasing usage of the car staring battery in the various application are likely to be a prime driver for the global car starting battery market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson Controls International plc (United States), Exide Technologies (United States), GS Yuasa (Japan), Sebang Industrial Co., Ltd. (South Korea), Hankook Atlasbx Co.,Ltd. (South Korea), East Penn Manufacturing Company Inc. (United States), Amara Raja Batteries Limited (India), FIAMM (Italy), ACDelco, Inc. (United States) and Robert Bosch GmbH (Germany) |
This growth is primarily driven by Rising Disposable Income and Launches of New Car Models by OEMs across the Worldwide and Increasing Usage of Car Staring Battery in Various Application Such as Passenger Vehicle and Commercial Vehicle.
Globally, a noticeable market trend is evident Rising Demand for passenger cars, motorcycles and commercial cars among Consumer worldwide The Auto Parts & Equipment sector in the Asia-Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Johnson Controls International plc (United States), Exide Technologies (United States), GS Yuasa (Japan), Sebang Industrial Co., Ltd. (South Korea), Hankook Atlasbx Co.,Ltd. (South Korea), East Penn Manufacturing Company Inc. (United States), Amara Raja Batteries Limited (India), FIAMM (Italy), ACDelco, Inc. (United States) and Robert Bosch GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The car starting battery market is fragmented with numerous players such as Johnson Controls International plc (United States), Exide Technologies (United States), GS Yuasa (Japan), among others
Key Developments in the Market:
In December 2022, Exide considers merging its two lithium-ion battery subsidiaries. Exide's board of directors approved the possible merger because the two unlisted subsidiaries are in similar business areas, the company said in regulatory filings. Lithium-ion battery business as a single corporation
In January 2018, the Exide Technologies Company has launched automotive battery range in India, which sold through its more than 1,500 premium Exide Care outlets. Hence, this launched will increase the product portfolio of the company.
Influencing Trend:
Rising Demand for passenger cars, motorcycles and commercial cars among Consumer worldwide
Market Growth Drivers:
Rising Disposable Income and Launches of New Car Models by OEMs across the Worldwide and Increasing Usage of Car Staring Battery in Various Application Such as Passenger Vehicle and Commercial Vehicle
Challenges:
Major Concern related to Lack of Supporting Infrastructure in Developing and Underdeveloped Nations
Restraints:
Issue related to the Life Span of Car Starting Battery in Automotive Vehicles and The problem regarding the High Manufacturing Cost Associated with Car Staring battery Products
Opportunities:
Rising Government Investment and Funding for Automobile Industry and Growing Demand from Emerging Economics Market such as China and India
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Car Starting Battery Market
- Analysis about New Entrants in Car Starting Battery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Car Starting Battery Study Sheds Light on
The Car Starting Battery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Car Starting Battery industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Car Starting Battery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.