Car Battery Market Application, and Report Forecast to 2032

0
4كيلو بايت

Market Overview

The global Car Battery Market is expected to reach USD 1,03,470 Million between 2023 and 2030. During this forecast period, the market is expected to grow at a CAGR of 6.5%. The increasing use of infotainment systems in automobiles has increased the demand for energy-efficient batteries. The expanding automotive industry in emerging economies has aided the expansion of the Car Battery Market.  Rising consumer preference for pollution-free electric and hybrid vehicles has led to market growth in the forecast period.

The global Car Battery market is expected to grow steadily during the forecast period, owing to end users' increasing preference for zero-emission hybrid and electric vehicles due to falling battery prices, dwindling crude oil reserves, and the environmental effects of conventional automobiles. Furthermore, an increase in global battery production capacity has aided in achieving economies of scale in the Car Battery industry, another major driver of market growth.

Grab a sample copy of this report

Market segmentation:

The global Car Battery market is divided into Vehicle, engine, function and battery type.

By Vehicle type, the market is divided into:

· Heavy commercial vehicles

· Passenger cars

· Light commercial vehicles.

By engine type, the market is further divided into:

· Internal Combustion Engine

· Electric Vehicle

By function type, the market is further divided into:

· Lightning sector

· Ignition sector

· Start sector.

· Electric Propulsion sector

By battery type, the market is further divided into:

· Lithium-Ion

· Lead Acid

· Nickel Metal

Regional analysis:

The Car Battery Market is divided into North America, Asia-Pacific, South America, Europe, the Middle East, and Africa. Due to the rising demand for electric passenger and commercial vehicles, the Asia-Pacific region is expected to experience the fastest growth in Car Battery value. However, North America dominates the Car Battery market outlook due to all major lead-acid battery manufacturers in the region. Growing product demand for automotive applications in various countries, including South Korea, India, Malaysia, and Indonesia, is expected to influence the region's growth during the forecast period. Furthermore, ongoing product development by various companies to manufacture cost-effective and high-performance vehicles is expected to contribute to the regional market's growth. Furthermore, government initiatives to provide subsidies for electric vehicle adoption are expected to drive market growth during the forecast period.

Recent developments:

· Stellantis and Samsung announced a USD 2.5 billion investment in May 2023 to build a battery manufacturing facility in Indiana. The factory is expected to begin production by 2025.

· Toyota announced in December 2021 that it would invest USD 1.3 billion in the construction of a battery manufacturing plant in North Carolina. The plant is expected to start production in 2025 and will be able to produce Lithium-Ion batteries for vehicles.

· Mercedes-Benz established its sustainable battery logistics centre in Germany in February 2023.

More Trending Reports Here

All-Terrain Vehicle (ATV) Market Size

Fire Truck Market Size

Automotive Cockpit Electronics Market Size

Automotive Retread Tires Market Size

Blind Spot Object Detection System Market Size

 

البحث
إعلان مُمول
Title of the document
إعلان مُمول
ABU STUDENT PACKAGE
الأقسام
إقرأ المزيد
أخرى
Automated Storage and Retrieval Systems Market: Forecasting Future Growth and Innovation
The future of the Automated Storage and Retrieval Systems (ASRS) market looks promising as...
بواسطة Sonal Naidu 2024-10-21 09:28:01 0 938
Shopping
Crafting the Future: Unsaturated Polyester Resin Market's Path to Prosperity
The worldwide Unsaturated Polyester Resin Market presently holds a worth of US$ 13.1...
بواسطة Siyara Shah 2024-04-01 18:04:30 0 2كيلو بايت
Film
Clip Full 18++ nusrat ridhi viral video mms bella kebaya merah video bella kebaya merah 2nd ncy
🌐 CLICK HERE 🟢==►► WATCH NOW 🔴 CLICK HERE 🌐==►► Download Now...
بواسطة Guifet Guifet 2025-05-01 15:59:07 0 60
أخرى
Top Industrial Applications of Organic Peroxides: From Polymerization to Pharmaceuticals
Organic peroxides are highly reactive compounds that play a critical role in various...
بواسطة Miawuxi2023 Miawuxi2023 2025-03-19 02:42:55 0 280
Film
XXX EXCLUSIVE NOW Aina Asif viral Video Original On Social Media X enx
🌐 CLICK HERE 🟢==►► WATCH NOW 🔴 CLICK HERE 🌐==►► Download Now...
بواسطة Guifet Guifet 2025-05-01 15:27:30 0 77
Ayema https://ayema.ng