The automotive battery aftermarket market size is expected to grow up to 26.28 million units, decelerating at a CAGR of almost 2% during the forecast period. The market is segmented by vehicle type (passenger cars, LCV, and M and HCV) and geography (APAC, Europe, North America, South America, and MEA). The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Automotive Battery Aftermarket Market Report: View the Sample Analysis Report
The automotive battery aftermarket is driven by the aging vehicle fleet during the forecast period. Market vendors offer replacement automotive batteries with a high degree of reliability and performance. The number of in-use vehicles is anticipated to rise gradually in the coming years which will drive the automotive battery aftermarket market growth during the forecast period.
In addition, factors such as the increase in vehicle miles driven and the high reliance on IC engines for mechanizing vehicles are anticipated to boost the automotive battery aftermarket market share. However, the increasing adoption of EVs will hinder the growth of the automotive battery aftermarket during the forecast period.
The report provides a detailed study of all the factors that are likely to boost the market. The automotive battery aftermarket analysis will enable clients to leverage growth opportunities to their advantage and set their business
The market is fragmented due to the presence of several players. mara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. are some of the major market participants.
Amara Raja Batteries Ltd.- The company offers a wide range of automotive battery solutions for Passenger Vehicles.
East Penn Manufacturing Co. Inc.- The company offers a wide range of automotive aftermarket batteries such as intimidator AGM batteries, Deka ultimate battery series, Deka gold battery series, and other batteries.
EnerSys- The company offers a wide range of automotivs aftermartket batteries such as ODX-AGM24F, ODX-AGM34, ODX-AGM34R, ODX-AGM34 78 and other batteries.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
The automotive battery aftermarket research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the PDF Sample Report
