Vehicle Battery Market

Vehicle Battery Market

Global Industry Analysis (2019 - 2020) - Growth Trends and Market Forecast (2021 - 2030)

Published Date: Jan 2021 | Format: | No. of Pages: 204

Industry: Automotive & Transport | Author Name: Chetan

In the past decade, the automotive industry has witnessed tremendous growth trajectory. Yet, is it at the cusp of minimizing its detrimental impact on the environment. With this motto, the industry is continuously striving to make mobility a sustainable solution. Players thus have been making extensive electronic components integration into the vehicles; a move that has percolated to vehicle batteries. Fairfield Market Research predicts that the global vehicle battery market will achieve a growth rate of 4.64% during the forecast years of 2020 and 2030 as electrification emerges as the next best solution towards reducing environmental impact. The global vehicle battery market revenue is anticipated to reach US$43.48 Bn by 2030.

Defining features such as connected devices, autonomous driving, shared mobility and electrification of powertrains are likely to fuel significant development in the automotive industry. Together, these advancements are not only disrupting the value chain but also influencing the key players in the automotive eco-system. The developments that are unfolding on technological fronts is raising the demand for power required for electronic gadget operations. The increasing electronic content in vehicles is likely to outpace the automotive industry growth rate itself, predicts the research. This is likely to propel the demand for auxiliary power source, preferably, an electric battery system in the near future.

A battery in the vehicle is the auxiliary or secondary power source that powers most of the electronic components. The electric vehicle does not house an IC engine for propulsion rather it sources its propulsion from the integrated battery pack that utilizes the stored chemical energy that gets converted to kinetic energy.

Electric Mobility Makes Noticeable Headways with Electric Powertrain Technologies

Rising demand for electric vehicles, burgeoning electronic content in the new age vehicles and stringent environmental norms against mounting pollution levels are likely to propel the vehicle battery market.

Regulatory frameworks like the Clean Air Act, Euro 6 and BS 6 deployed in compliance with worldwide air pollution norms are expected to transform internal combustion vehicles to electric vehicles. This trend will be further encouraged by increasing consumer preference towards maintenance and emission-free vehicles over the forecast period.

Government initiatives and supportive schemes towards promoting electric vehicles coupled with headways in fuel-saving technologies driven by battery supportive system are expected to provide the necessary thrust for market growth. Efforts towards better electric vehicle charging infrastructure are also building market and consumer confidence.

Rapidly evolving lithium-ion and similar battery technologies are likely to be one of the mainstream technologies in the near future.

Key players have been seeking the development of fast-charging batteries in an attempt to enhance market growth with heightened consumer sentiments. As a result, the rising demand for fast-charging stations can aid individuals to embark on a longer travel durations without worrying about the battery being discharged.

Demand for EVs across Europe to Give Vehicle Batteries Market Shot in the Arm

The major challenge with the vehicle batteries continues to be the cost and the inherent safety risk. This has restricted application of vehicle batteries to a noticeable extent. With rising economies of scale, as demand for EVs soars, the advancements in the battery’s chemical compositions are expected to see better safety, performance and life span. This is also likely to give OEMs a chance to reduce battery costs, making them an affordable option in due time.

China, as one of the major hubs for battery manufacturers, has been witnessing the heat of the nationwide lockdown due to the pandemic. The Chinese government have been taking necessary measures to weather the COVID-19 storm and revive the battery manufacturing business smoothly. However, interrupted supply chains have led to severe business losses for the automakers and battery manufacturers. The loss is also because of plummeting automobile sales that shall revive only post normalization of the pandemic, as consumer sentiments too strengthen.

COVID-19 caused insurmountable disruption in production and supply chain. The pandemic has been catastrophic, causing severe impact worldwide and significantly affecting the capital and R&D investments.

On the flip side, despite lockdowns and production being shut globally, the demand for electric vehicles continued its momentum in the European and few other regions. This in turn has bolstered the demand for vehicle battery market growth.

Lithium-ion Batteries Spearhead Vehicle Battery Market

In the last decade, automakers have heavily invested in research and development of cutting-edge technology to boost use of electronics in vehicles. To suffice the energy demand of the integrated electronics in vehicles, meeting adequate auxiliary power requirement without affecting the performance of the vehicle has been an evident challenge.

Some of the noticeable battery technologies in the automotive industry are, lithium titanate (LTO), lithium-manganese spinel (LMO), lithium-nickel-cobalt-aluminium (NCA), lithium-nickel-manganese-cobalt (NMC) and lithium-iron phosphate (LFP). Out of these, the prevailing battery in the consumer application is lithium cobalt oxide (LCO). However, LCO is mostly less apt for automotive applications owing to the safety risks. Hence, lithium-ion turn out to be a better choice compared to other battery technologies.

Integration of the hybrid and electric drivetrains are likely to bring about the incorporation of efficient electric vehicle batteries in the near future. The lithium-ion battery is likely to witness substantial demand in the near future and is poised to surge at a CAGR of nearly 15% to reach US$28.3 Bn by 2030. These batteries are expected to guarantee longer life span, better energy density and safety.

Asia Pacific Paces Ahead as China Retains Dominance Over Manufacturing of Vehicle Batteries 

Asian countries comprising of the emerging nations such as Japan, China and Korea are spearheading the market, wherein the vehicle battery market is anticipated to substantially augment over the coming couple of years. More than 80% of the demand was from these countries in 2018, while European countries showed lesser vehicle batteries demand.

Of the total vehicle battery factories, over 45% are based in China. European region unlike China does not have a reasonable policy framework that could attract battery manufactures. As a result, the numerous challenges faced by most of the industry incumbents coupled with difficulties in executing planned investments have steered away some of the battery manufacturers off the shore towards China.

Competitive Landscape 

The competitive rivalry in the vehicle battery market is likely to get stiff in the coming years technology evolves. Tech-giants are joining hands with other companies, universities and researchers to innovate high-density vehicle batteries. Hence, large battery manufacturers are directing their investments towards innovations in vehicle battery to amplify storage capacity and its commercialization in ICE and electric vehicles.

Owing to which, the key players are relying on different strategies such as business expansion preferably through organic and inorganic growth and new product development. Businesses are adopting strategies such as higher R&D investments and joint ventures with the intent to grab market share. For the same, manufacturers are likely to embrace strategic partnerships that shall enable them to acquire technical expertise and geographic expansion.

BYD Company Limited, Panasonic Corporation, Johnson Controls International PLC, SAMSUNG SDI Co., Ltd, Contemporary Amperex Technology Co., Limited, LG Chem Ltd., A123 Systems Inc. are some of the major manufacturers among others that are steering the vehicle battery market.

1. Executive Summary
     1.1. Global Vehicle Battery Market : Snapshot
     1.2. Future Projections, 2019 - 2030 , (US$ Mn) 
     1.3. Key Segment Analysis and Competitive Insights
     1.4. Premium Insights

2. Vehicle Battery Market Outlook
     2.1. Market Definitions and Segmentation
     2.2. Market Dynamics
          2.2.1. Driver
          2.2.2. Restraint
          2.2.3. Industry Challenges & Opportunities
     2.3. Regulatory Scenario
     2.4. Market Forces Analysis 
          2.4.1. Value Chain Analysis
          2.4.2. Porters Five Forces Analysis
          2.4.3. SWOT Analysis 
     2.5. Technology Roadmap
     2.6. Impact Analysis
          2.6.1. Pre and Post Covid-19 Analysis
          2.6.2. BREXIT 
          2.6.3. Vehicle Electrification
          2.6.4. Parent Industry Trends

3. Global Vehicle Battery Market Outlook, 2019 - 2030
     3.1. Global Vehicle Battery Market Value Forecast, By Battery Type, 2019 – 2030 , (US$ Mn)
          3.1.1. Key Highlights
               3.1.1.1. Market Growth & Projections (Y-o-Y)
               3.1.1.2. Base Point Share Analysis, By Battery Type, 2019 & 2030
          3.1.2. Lead Acid
          3.1.3. Lithium Ion
          3.1.4. Others
          3.1.5. Market Attractiveness Analysis, By Battery Type
     3.2. Global Vehicle Battery Market Value Forecast, by Vehicle Type, 2019 – 2030, (US$ Mn)
          3.2.1. Key Highlights
               3.2.1.1. Market Growth & Projections (Y-o-Y)
               3.2.1.2. Base Point Share Analysis, By Vehicle Type, 2019 & 2030
          3.2.2. Passenger Vehicles
          3.2.3. Light Commercial Vehicle
          3.2.4. Medium & Heavy Commercial Vehicle
          3.2.5. Market Attractiveness Analysis, By Vehicle Type
     3.3. Global Vehicle Battery Market Value Forecast, by Sales Channel, 2019 – 2030, (US$ Mn)
          3.3.1. Key Highlights
               3.3.1.1. Market Growth & Projections (Y-o-Y)
               3.3.1.2. Base Point Share Analysis, By Sales Channel, 2019 & 2030
          3.3.2. OEM
          3.3.3. Aftermarket
          3.3.4. Market Attractiveness Analysis, By Sales Channel
     3.4. Global Vehicle Battery Market Value Forecast, Electrification Type, 2019 – 2030 , (US$ Mn)
          3.4.1. Key Highlights
               3.4.1.1. Market Growth & Projections (Y-o-Y)
               3.4.1.2. Base Point Share Analysis, By Electrification Type, 2019 & 2030
          3.4.2. ICE/Micro Hybrid/ Start-Stop
          3.4.3. Mild Hybrid/ Full Hybrid
          3.4.4. Plug-in Hybrid/ Battery Electric Vehicle
          3.4.5. Market Attractiveness Analysis, by Electrification Type
     3.5. Global Vehicle Battery Market Outlook, by Region, (US$ Mn), 2019-2030
          3.5.1. Key Highlights
               3.5.1.1. Market Growth & Projections (Y-o-Y)
               3.5.1.2. Base Point Share Analysis, By Region, 2019 & 2030
               3.5.1.3. North America
               3.5.1.4. Europe
               3.5.1.5. Asia Pacific
               3.5.1.6. Latin America
               3.5.1.7. Middle East & Africa
          3.5.2. Global Market Attractiveness Analysis, by Region

4. North America Vehicle Battery Market Outlook, 2019-2030
     4.1. North America Market Snapshot
          4.1.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
               4.1.1.1. Lead Acid
               4.1.1.2. Lithium Ion
               4.1.1.3. Others
          4.1.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
               4.1.2.1. Passenger Vehicles
               4.1.2.2. Light Commercial Vehicle
               4.1.2.3. Medium & Heavy Commercial Vehicle
          4.1.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
               4.1.3.1. OEM
               4.1.3.2. Aftermarket
          4.1.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
               4.1.4.1. ICE/Micro Hybrid/ Start-Stop
               4.1.4.2. Mild Hybrid/ Full Hybrid
               4.1.4.3. Plug-in Hybrid/ Battery Electric Vehicle
     4.2. United States
          4.2.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          4.2.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          4.2.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          4.2.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     4.3. Canada
          4.3.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          4.3.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          4.3.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          4.3.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)

5. Europe Vehicle Battery Market Outlook, 2019-2030
     5.1. European Market Snapshot
          5.1.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
               5.1.1.1. Lead Acid
               5.1.1.2. Lithium Ion
               5.1.1.3. Others
          5.1.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
               5.1.2.1. Passenger Vehicles
               5.1.2.2. Light Commercial Vehicle
               5.1.2.3. Medium & Heavy Commercial Vehicle
          5.1.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
               5.1.3.1. OEM
               5.1.3.2. Aftermarket
          5.1.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
               5.1.4.1. ICE/Micro Hybrid/ Start-Stop
               5.1.4.2. Mild Hybrid/ Full Hybrid
               5.1.4.3. Plug-in Hybrid/ Battery Electric Vehicle
     5.2. Germany
          5.2.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          5.2.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          5.2.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.2.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     5.3. France
          5.3.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          5.3.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          5.3.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.3.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     5.4. United Kingdom
          5.4.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          5.4.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          5.4.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.4.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     5.5. Italy
          5.5.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          5.5.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          5.5.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.5.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     5.6. Spain
          5.6.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          5.6.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          5.6.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.6.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     5.7. Rest of Europe
          5.7.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          5.7.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          5.7.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          5.7.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)

6. Asia Pacific Vehicle Battery Market Outlook, 2019-2030
     6.1. Asia Pacific Market Snapshot
          6.1.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
               6.1.1.1. Lead Acid
               6.1.1.2. Lithium Ion
               6.1.1.3. Others
          6.1.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
               6.1.2.1. Passenger Vehicles
               6.1.2.2. Light Commercial Vehicle
               6.1.2.3. Medium & Heavy Commercial Vehicle
          6.1.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
               6.1.3.1. OEM
               6.1.3.2. Aftermarket
          6.1.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
               6.1.4.1. ICE/Micro Hybrid/ Start-Stop
               6.1.4.2. Mild Hybrid/ Full Hybrid
               6.1.4.3. Plug-in Hybrid/ Battery Electric Vehicle
     6.2. China
          6.2.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          6.2.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          6.2.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          6.2.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     6.3. Japan
          6.3.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          6.3.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          6.3.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          6.3.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     6.4. India
          6.4.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          6.4.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          6.4.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          6.4.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     6.5. ASEAN
          6.5.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          6.5.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          6.5.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          6.5.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     6.6. Rest of Asia Pacific
          6.6.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          6.6.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          6.6.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          6.6.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)

7. Latin America Vehicle Battery Market Outlook, 2019-2030
     7.1. Latin America Market Snapshot
          7.1.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
               7.1.1.1. Lead Acid
               7.1.1.2. Lithium Ion
               7.1.1.3. Others
          7.1.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
               7.1.2.1. Passenger Vehicles
               7.1.2.2. Light Commercial Vehicle
               7.1.2.3. Medium & Heavy Commercial Vehicle
          7.1.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
               7.1.3.1. OEM
               7.1.3.2. Aftermarket
          7.1.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
               7.1.4.1. ICE/Micro Hybrid/ Start-Stop
               7.1.4.2. Mild Hybrid/ Full Hybrid
               7.1.4.3. Plug-in Hybrid/ Battery Electric Vehicle
     7.2. Brazil
          7.2.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          7.2.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          7.2.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          7.2.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     7.3. Mexico
          7.3.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          7.3.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          7.3.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          7.3.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     7.4. Rest of Latin America
          7.4.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
          7.4.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
          7.4.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          7.4.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)

8. Middle East & Africa Vehicle Battery Market Outlook, 2019-2030
     8.1. Middle East & Africa Market Snapshot
          8.1.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030 , (US$ Mn)
               8.1.1.1. Lead Acid
               8.1.1.2. Lithium Ion
               8.1.1.3. Others
          8.1.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030 , (US$ Mn)
               8.1.2.1. Passenger Vehicles
               8.1.2.2. Light Commercial Vehicle
               8.1.2.3. Medium & Heavy Commercial Vehicle
          8.1.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
               8.1.3.1. OEM
               8.1.3.2. Aftermarket
          8.1.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
               8.1.4.1. ICE/Micro Hybrid/ Start-Stop
               8.1.4.2. Mild Hybrid/ Full Hybrid
               8.1.4.3. Plug-in Hybrid/ Battery Electric Vehicle
     8.2. Morocco
          8.2.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          8.2.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          8.2.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          8.2.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     8.3. South Africa
          8.3.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          8.3.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          8.3.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          8.3.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)
     8.4. Rest of Middle East & Africa
          8.4.1. Vehicle Battery Market Value Forecast, By Battery Type, 2019 - 2030, (US$ Mn)
          8.4.2. Vehicle Battery Market Value Forecast, By Vehicle Type, 2019 - 2030, (US$ Mn)
          8.4.3. Vehicle Battery Market Value Forecast, By Sales Channel, 2019 - 2030 , (US$ Mn)
          8.4.4. Vehicle Battery Market Value Forecast, By Electrification Type, 2019 - 2030 , (US$ Mn)

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2019
     9.2. Competition Matrix (By Tier and Size of companies)
     9.3. Strategic Collaborations
          9.3.1. Joint Ventures
          9.3.2. Mergers & Acquisitions
     9.4. Company Profiles 
          9.4.1. BYD Company Limited
               9.4.1.1. Company Overview
               9.4.1.2. Financial Performance
               9.4.1.3. Manufacturing Footprint
               9.4.1.4. Strategic Overview
               9.4.1.5. Key Developments
(*Note: Above details would be available for below list of companies on the basis of availability)
          9.4.2. A123 Systems LLC
          9.4.3. C&D Technologies Inc.
          9.4.4. Contemporary Amperex Technology Co., Limited.
          9.4.5. Enersys Inc.
          9.4.6. Exide Technologies Inc.
          9.4.7. GS Yuasa Corporation
          9.4.8. Clarios (Johnson Controls International PLC)
          9.4.9. Koyo Battery Co., Ltd.
          9.4.10. LG Chem Ltd.
(Any other leading players)(Panasonic Corporation, SAMSUNG SDI Co., Ltd).

10. Appendix
     10.1. Acronyms and Abbreviations
     10.2. Research Scope & Assumptions
     10.3. Research Methodology and Information Sources
     10.4. List of Figures
     10.5. List of Tables

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2019

2019

2020 - 2030 

Value: US$ Million

 

REPORT FEATURES

DETAILS

Battery Coverage

  • Lead Acid
  • Lithium-ion
  • Others

Vehicle Coverage

  • Passenger Vehicles (PV)
  • Light Commercial Vehicles (LCV)
  • Medium & heavy Commercial Vehicles (MHCV)

Electrification Coverage

  • ICE/Micro Hybrid/ Start-Stop
  • Mild Hybrid/ Full Hybrid
  • Plug-in Hybrid/ Battery Electric Vehicle

Sales Channel

  • OEM
  • Aftermarket

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Morocco
    • South Africa
    • Rest of Middle East & Africa

 

Leading Companies

 

  • Contemporary Amperex Technology Co., Limited.
  • Clarios (Johnson Controls International PLC)
  • LG Chem
  • GS Yuasa Corporation
  • EnerSys
  • C & D Technologies, Inc.
  • BYD Company Ltd.

 

Report Highlights

  • Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Battery, Vehicle, Electrification, Sales Channel, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis, Technological Roadmap, Electrification Trend, Economic Factor Analysis, Regional Pest Analysis,  Regulatory Analysis, Parent Industry Key Trends,

 

FAQ's : Vehicle Battery Market

OE market continues to grow with rising sales, launch of newer models, evolving demographic, and economic factors. Environmental regulations aimed at curbing carbon emissions, and government support for the same are propelling the global vehicle battery market.

Global vehicle battery market is likely to touch US$43.49 Bn by 2030.

Vehicle battery demand will grow substantially in both Asia Pacific and the North American region during the forecast period.

The major players, Ford Motors, General Motors, and Volkswagen held a 45% share in the global vehicle battery market in 2019.

Fairfield Market Research projects a CAGR 4.64% growth until 2030.
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