Automotive Battery Aftermarket Market 2019
In the automotive battery aftermarket an automotive battery is a type of battery that can be recharged to supply electric current to a vehicle by feeding the starter and starting the engine. All the vehicles used these days use the automotive battery that starts the vehicle and provides superior power to support the higher demands of electrical systems present inside the vehicle. The automotive battery is used to deliver the maximum current to the engine for a short period of time for starting, lighting, and ignition and also provides instant charging of the engine.
Market by Top Manufacturers, this report covers
Samsung SDI Co., Ltd.
East Penn Manufacturing Company
A123 Systems, LLC
Interstate Battery System of America, Inc.
Exide Technologies; Johnson Controls
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As compared to the lead-acid batteries and its multiple limitations and short life cycle, the evolution of the automotive battery technology and the several ranges of battery choices have led to the increased use of the product. The global awareness related to climate change and global warming is increasing the use of battery electric vehicles that are powered by the high-voltage electrical battery including the automotive battery aftermarket. The growing traffic congestion in cities and the installation of more and more electrical accessories in the vehicles is leading to the generation of powerful automotive batteries aftermarket.
The global automotive battery aftermarket market report estimates the rise in the market share, size, volume, status of the automotive battery market for the forecast period between 2019 to 2024. The environmental impact related to the use of batteries in motor vehicles and the factors like global warming, energy depletion, increase in pollution and biological hazards are leading to a substantial increase in the changing preference from conventional vehicles to electric vehicles and expanding the demand for automotive batteries aftermarket.
The increase in fuel price and the various choices of battery replacement and maintenance in the vehicle have risen the need for an electric vehicle which in turn has increased the demand in automotive battery aftermarket. Depending upon the market segmentation by type, the product can be split into Nickel-based, Sodium-ion, Lead Acid, Lithium-ion and so on. The Lead-Acid battery is used for commercial purposes and is the first cheapest rechargeable battery. Though the battery is heavy and less durable, the full discharge of the battery can cause the drain and strain on the battery. A major limitation of this battery is that it contains a lead toxin that is harmful to the environment. And based on the segmentation by application, the product can be categorized as M&HCV, LCV and Passenger Cars.
The lower running cost of electric vehicles and the various health policies that support the use of electric vehicles is increasing the consumer preference of electric vehicles with automotive battery aftermarket for regions like South America, North America, Asia-Pacific, Europe, Middle East, and Africa. The growing risk of improper disposal of batteries and the different methods for utilizing waste with the help of the recycling of batteries is increasing the global automotive battery market demand across the globe. The US Environmental Protection Agency and has made stringent rules related to the storage of lead-acid batteries to avoid pollution. The lithium batteries are also strictly regulated by the International Air Transport Association for transportation purposes.
Tesla Inc. has reached a preliminary agreement of battery-supply with CATL, a Chinese battery manufacturer company specializing in the manufacturing of lithium-ion batteries. The battery will go into Model 3 cars of Tesla that will be produced at the Tesla’s factory near Shanghai, the first plant by Tesla outside the US.
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Table of Contents –Analysis of Key Points
1 Automotive Battery Aftermarket Market Overview
2 Manufacturers Profiles
3 Global Automotive Battery Aftermarket Market Competition, by Players
4 Global Automotive Battery Aftermarket Market Size by Regions
5 North America Automotive Battery Aftermarket Revenue by Countries
6 Europe Automotive Battery Aftermarket Revenue by Countries
7 Asia-Pacific Automotive Battery Aftermarket Revenue by Countries
8 South America Automotive Battery Aftermarket Revenue by Countries
9 Middle East and Africa Revenue Automotive Battery Aftermarket by Countries
10 Global Automotive Battery Aftermarket Market Segment by Type
11 Global Automotive Battery Aftermarket Market Segment by Application
12 Global Automotive Battery Aftermarket Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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