Automotive Battery Market Analysis

1
Automotive Battery Market is anticipated to hit
34.9 billion by 2023 at a CAGR of 8.5.
2
The APAC region holds the largest market share
and growth in the Automotive Battery Market and
is anticipated to reach 17.5 billion by 2023 at
a CAGR of 10.8. In order to keep up with the
growing demand, several global auto makers have
started investing heavily in various segments
of the industry during the last few months, which
simultaneously escalated the emergence of new
technologies, thereby driving the automotive
battery market in the region.
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3
Selected Regulatory Analysis Done in the Full
Report
Many automotive batteries are also manufactured
according to the type of vehicle such as
automotive batteries and many a vehicle battery
for passenger vehicles, namely battery electric
vehicles, hybrid electric vehicles and plug-in
hybrid electric vehicles along with internal
combustion engine vehicles.
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4
Selected Driving Factors Mentioned in the Full
Report

• Automotive Battery Market is driven by the need
  for energy efficient batteries in various
  segments of automobiles. Therefore, significant
  increase in the use of lithium-ion batteries in
  automobiles will accelerate the growth of the
  market.
• Growing environmental awareness, innovation,
  consumer acceptance and government support are
  creating demand for electric vehicles, thus
  accelerating the automotive battery market in
  these regions.

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5
Key Players of the Automotive Battery Market

• Exide technologies
• Robert Bosch GmbH
• Johnsons controls
• DuPont
• 15

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