As per this study the Global Automotive Battery Aftermarket Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated at XX Million Units in 2021 and is expected to reach XX Million Units by 2027 with a CAGR of XX%.
Automotive battery aftermarket refers to a secondary market available for automotive batteries after sales in the original market. Lithium-ion, lead acid, nickel-based, and sodium-ion are some types of automotive batteries. Moreover, light commercial vehicle (LCV), medium & heavy commercial vehicle (M&HCV) and passenger cars are the vehicles types which are target segment of automotive battery aftermarket.
The increasing use of electric vehicles and recyclability of lead-acid batteries is driving the market growth. The growing demand for absorbent glass mat (AGM) batteries is expected to fuel market growth. On the other hand, the fluctuating cost of raw material for the production of batteries may hinder market growth. Whereas, increasing focus of OEMs and suppliers on collaborations not only within the industry but also with technology companies is expected to create potential opportunity over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive battery aftermarket.
The broad automotive battery aftermarket market has been sub-grouped into vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicle Type
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive battery aftermarket in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Battery Aftermarket Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive battery aftermarket market include Exide Technologies, Johnson Controls, Panasonic, Robert Bosch and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.