- The key vendors in the Global Automotive Battery Market 2015-2019 are Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., Exide Technologies Inc., GS Yuasa Corp. and Johnson Controls Inc.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Battery Market 2015-2019. The start-stop battery system has enabled better fuel efficiency and is one of the key trends being witnessed in this market. The start-stop system has become the best available solution to create efficiency and conserve energy in vehicles. The system reduces idling time by automatically starting and stopping the ICE in automobiles, which results in low fuel consumption and emissions. The Global Automotive Battery market is expected to grow at a CAGR of 5.38 percent during the forecast period of 2014-2019.
Advances in technology have led to an upsurge in the integration of infotainment and ambient lighting systems that run on battery power in entry level vehicles as well. The increase in the use of such systems in many different types of vehicles is expected to have a positive impact on the growth of the Global Automotive Battery market.
Increasing demand for automobiles directly affects the demand for automotive batteries at the original equipment manufacturer level. The demand for batteries in the aftermarket drives the demand for automotive batteries. Moreover, in terms of revenue, lead-acid batteries dominate the Global Automotive Battery market because of their adoption by automobile manufacturers globally.
“Battery integrators, cell manufacturers, and vehicle manufacturers are increasingly entering into joint ventures and partnerships to develop innovative battery technologies,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, mergers and acquisitions are taking place between various cell manufacturers/battery electronics suppliers and vehicle manufacturers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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