North America AGM Batteries for Cars Market – Industry Trends and Forecast to 2031

North America AGM Batteries for Cars Market Analysis and Size

The AGM batteries for cars market is experiencing significant growth globally, driven by several factors. One key driver is the increasing adoption of start-stop systems and hybrid electric vehicles (HEVs), which require reliable, high-performance batteries. These systems help reduce fuel consumption and emissions by automatically shutting off and restarting the engine when the vehicle comes to a stop. AGM batteries are well-suited for these applications because they handle frequent charge-discharge cycles. Advancements in AGM battery technology, such as improved cycling performance and enhanced durability, are further driving market growth. Manufacturers are focusing on developing more efficient and longer-lasting AGM batteries to meet the evolving demands of the automotive industry.

North America AGM batteries for cars market size was valued at USD 4.58 billion in 2023 and is projected to reach USD 6.82 billion by 2031, with a CAGR of 5.1% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

Absorbent glass mat (AGM) batteries for cars are lead-acid batteries that use a special mat to absorb and hold the electrolyte solution. This design is different from traditional flooded lead-acid batteries, which feature free-flowing electrolytes. AGM batteries are known for their superior performance and durability, making them ideal for vehicles, particularly those with start-stop systems and other high-demand applications.

North America AGM Batteries for Cars Market Dynamics

Drivers

• Growing Demand for Automotive AGM Batteries

The automotive industry is witnessing a growing demand for AGM batteries, primarily driven by the increasing adoption of start-stop systems and hybrid electric vehicles (HEVs). Start-stop systems automatically shut off and restart the engine to reduce idling time and require batteries that can handle frequent charge-discharge cycles. AGM batteries are well-suited for this purpose, offering reliable performance and high energy density. Similarly, HEVs utilize AGM batteries to store and release energy efficiently, contributing to their increased adoption in the automotive sector.     

• Advancements in Battery Technology

Ongoing advancements in AGM battery technology are propelling market growth by improving the performance and durability of these batteries. Manufacturers are prioritizing the improvement of cycling performance, which relates to a battery's capacity to endure repeated charge and discharge cycles without notable deterioration. In addition, advancements in AGM battery technology are leading to improved durability, ensuring longer service life and reduced maintenance requirements. These advancements are crucial for meeting the evolving demands of the automotive industry and are expanding the application scope of AGM batteries in various automotive segments.

Opportunities

• Growing Demand for Start-Stop Systems    

Start-stop systems automatically shut off the engine when the vehicle comes to a stop, such as at traffic lights or in traffic jams, and restart it when the driver releases the brake pedal. These systems help reduce fuel consumption and emissions by minimizing idle time. AGM batteries are ideal for start-stop systems due to their ability to withstand the frequent cycling demands of these systems. As vehicle manufacturers increasingly adopt start-stop technology to meet stringent fuel efficiency and emission standards, the demand for AGM batteries is expected to rise significantly.      

• Focus on Sustainability

AGM batteries are recyclable and have a lower environmental impact compared to traditional lead-acid batteries. This aspect is particularly important as the automotive industry seeks to reduce its carbon footprint and comply with stringent environmental regulations. As governments and consumers prioritize sustainability, the demand for AGM batteries is expected to grow, allowing manufacturers to align with eco-friendly practices and meet market demands for sustainable solutions.

Restraints/Challenges

• Competition from Lithium-ion Batteries

Lithium-ion batteries provide greater energy density and are increasingly cost-effective, making them an attractive alternative to AGM batteries due to which the AGM batteries market is encountering strong competition from lithium-ion batteries, particularly in automotive applications. The automotive industry's shift towards electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), which predominantly use lithium-ion batteries, further intensifies this competition, which is a challenge for market growth.          

• High Cost of AGM Batteries 

The relatively high cost of AGM batteries compared to conventional lead-acid batteries can be a significant barrier, especially in price-sensitive markets where consumers are more inclined to opt for lower-cost options. The higher cost of AGM batteries is primarily due to the advanced technology and materials used in their manufacturing process. This high cost can deter consumers from opting for these batteries and present a significant market challenge.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the AGM batteries for cars market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In April 2024, Clarios, a leading producer of low-voltage car batteries globally, announced a supplier contract with a major original equipment manufacturer for its latest high-performance rechargeable Absorbent Glass Mat (AGM) battery. This 12-volt battery offers enhanced charge acceptance compared to traditional AGM batteries, aiming to reduce fuel consumption and CO2 emissions. Clarios' innovative AGM technology significantly improves rechargeability, setting it apart from other AGM batteries. The new AGM battery, designed for light-, medium-, and heavy-duty vehicles, will debut in North America under the supplier contract with the major original equipment manufacturer
• In July 2022, Exide Technologies introduced comprehensive automotive battery brochures covering a full range of battery products and related information. This initiative aims to provide customers and distributors with detailed insights into the company's offerings, potentially driving positive growth in the global market for AGM batteries used in cars

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

AGM Batteries for Cars Market Scope

The market is segmented on the basis of the type, engine type, vehicle type, sales channel, and voltage. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Stationary
• Motive

Voltage

• Less than 10 volts
• 10 volts to 12 volts
• Above 12 volts

Engine Type

• IC engines
• Electric vehicles

Sales Channel

• OEM
• Aftermarket

Vehicle Type

• Passenger cars
• Electric cars

AGM Batteries for Cars Market Regional Analysis/Insights

The AGM batteries for cars market is analyzed and market size insights and trends are provided by country, type, engine type, vehicle type, sales channel, and voltage as referenced above.

The countries covered in the market report are U.S., Canada, and Mexico.

The U.S. is expected to dominate the market and experience significant growth due to its robust demand for automotive and automation solutions within the manufacturing sector, surpassing that of other nations. This dominance is driven by the country's advanced manufacturing infrastructure, technological expertise, and a strong focus on innovation. The U.S. market's leadership position is further reinforced by a high level of industrial automation adoption, which enhances efficiency and productivity across various industries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and AGM Batteries for Cars Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• Clarios (U.S.)
• East Penn Manufacturing Company (U.S.)
• ENERSYS (U.S.)
• Leoch International Technology Limited Inc. (Hong Kong)
• Jiangxi JingJiu Power Science & Technology Co., Ltd (China)
• FIAMM Energy Technology S.p.A (Italy)
• Guangdong Aokly Group Co., Ltd (China)
• Power Sonic Corporation (U.S.)
• Universal Power Group (U.S.)
• ACDelco (U.S.)
• Robert Bosch LLC (Germany)
• Exide Technologies (U.S.)
• ZEUS Battery Products (U.S.)
• Fullriver Battery (U.S.)
• Duracell (U.S.)
• Renogy (U.S.)
• Braille Battery (U.S.)
• XS Power Batteries (U.S.)
• VMAX USA (U.S.)
• XINFU TECHNOLOGY (CHINA) CO., LIMITED (China)
• Mighty Max Battery (U.S.)

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