AGM batteries have gained popularity in the automotive industry due to their superior performance and reliability. These batteries use a specialized mat that absorbs and holds the electrolyte, making them spill-proof and maintenance-free. AGM batteries are commonly used in start-stop systems, hybrid vehicles, and high-demand applications. With the growing demand for efficient and eco-friendly cars, the AGM batteries for cars market is expected to expand further in the coming years.
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Data Bridge Market Research analyses that the AGM Batteries for Cars Market are expected to reach a value of USD 17,171.09 million by 2030, at a CAGR of 4.8% during the forecast period of 2023 to 2030. The growing adoption of Electric Vehicles worldwide is a significant driver for the AGM batteries market. AGM batteries are commonly used in hybrid electric vehicles (HEVs) and start-stop systems in conventional vehicles.
Key Findings of the Study
Growing automotive aftermarket is expected to drive the market's growth rate
The growing automotive aftermarket for AGM batteries is fueled by several factors. Increasing vehicle sales lead to a larger pool of vehicles requiring battery replacements and upgrades. Furthermore, as vehicle fleets age, the demand for battery replacements increases. Thus the rising awareness of battery maintenance and the importance of reliable battery performance drive consumers to interchange their batteries when needed, contributing to the expansion of the automotive aftermarket for AGM batteries.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Stationary, Motive), Voltage (Less than 10 Volts, 10 Volts to 12 Volts, and Above 12 Volts) Engine Type (IC Engines, Electric Vehicles), Sales Channel (OEM, Aftermarket), Vehicle Type (Passenger Cars, Electric Cars)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Fullriver Battery (China), East Penn Manufacturing Company (U.S.), Robert Bosch LLC (Germany), FIAMM Energy Technology S.p.A. (Italy), ACDelco (U.S.), Guangdong Aokly Group Co., Ltd. (China), XS Power Batteries (U.S.), VMAX USA (U.S.), Mighty Max Battery (U.S.), ENERSYS (U.S.), XINFU TECHNOLOGY (CHINA) CO., LIMITED (China), Clarios (U.S.), Braille Battery (U.S.), Power Sonic Corporation (U.S.), RENOGY (U.S.), Exide Technologies (U.S.), Leoch International Technology Limited Inc. (China), Jiangxi Jingjiu Power Science & Technology Co. Ltd. (China), Universal Power Group (U.S.), Zeus Battery Products (U.S.), Duracell Automotive (U.S.) among others
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Data Points Covered in the Report
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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.
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Segment Analysis:
The AGM batteries for cars market is segmented on the basis of type, voltage, engine type, sales channel, and vehicle type.
- On the basis of type, the market is segmented into stationary and motive. In 2023, the stationary segment is expected to dominate the global AGM batteries for cars market with a CAGR of 5.2% in the forecast period of 2023 to 2030 due to its vital role in providing continuous power supply for various applications such as power generation, manufacturing, and infrastructure, ensuring stable operations and uninterrupted functionality.
- On the basis of voltage, the market is segmented into less than 10 volts, 10 volts to 12 volts, and above 12 volts. In 2023, the above 12 volts segment is expected to dominate the global AGM batteries for cars market with a CAGR of 4.9% in the forecast period of 2023 to 2030 due to applications involving automobiles frequently using it. Advanced electronic components, starters, alternators, and other vehicle systems all require this higher voltage range to function.
In 2023, the above 12 volts segment is expected to dominate the voltage segment of the global AGM batteries for cars market
In 2023, the above 12 volts segment is expected to dominate the global AGM batteries for cars market owing to its commonly used in automotive applications. This higher voltage range is required to power various vehicle systems, including starters, alternators, and advanced electronic components with a CAGR of 4.9% in the forecast period of 2023 to 2030
- On the basis of engine type, the market is segmented into IC engines and electric vehicles. In 2023, the electric vehicles segment is expected to dominate the global AGM batteries for cars market with a CAGR of 5.5% in the forecast period of 2023 to 2030 due to their lower environmental impact and advancements in battery technology. The industry is witnessing a transition toward electric mobility as countries and manufacturers aim to reduce emissions and promote sustainable transportation solutions.
- On the basis of sales channel, the market is segmented into OEM and aftermarket. In 2023, the OEM segment is expected to dominate the global AGM batteries for cars market with a CAGR of 5.0% in the forecast period of 2023 to 2030 due to its direct connection to producers. OEMs are frequently a manufacturer's first choice because they have exclusive contracts, efficient supply chains, and the capacity to provide competitive pricing.
In 2023, the OEM segment is expected to dominate the sale channel of the global AGM batteries for cars market
In 2023, the OEM segment is expected to dominate the global AGM batteries for cars market owing to its direct relationship with manufacturers. OEMs often have exclusive contracts, streamlined supply chains, and the ability to offer competitive pricing, making them a preferred choice for manufacturers with a CAGR of 5.0% in the forecast period of 2023 to 2030
- On the basis of vehicle type, the market is segmented into passenger cars and electric cars. In 2023, the electric cars segment is expected to dominate the global AGM batteries for cars market with a CAGR of 4.9% in the forecast period of 2023 to 2030 due to reducing carbon emissions and promoting electric mobility. Additionally, the decreasing costs of electric vehicle (EV) components and increasing charging infrastructure further contribute to the growth of electric cars.
Major Players
Data Bridge Market Research recognizes the following companies as the major AGM batteries for cars market players in AGM batteries for cars market are Robert Bosch LLC (Germany), FIAMM Energy Technology S.p.A. (Italy), ACDelco (U.S.), Guangdong Aokly Group Co., Ltd. (China), XS Power Batteries (U.S.), VMAX USA (U.S.), Mighty Max Battery (U.S.), ENERSYS (U.S.), XINFU TECHNOLOGY (CHINA) CO., LIMITED (China)
Market Development
- In 2022, automotive brochures for Exide Technologies' entire battery range were released. All the details about automotive batteries and related products are covered in this brochure. Knowing the company's offerings will benefit clients and vendors.
- In 2020, 16 models of series collection capable lithium batteries (PSL-SC) and small high rate lithium batteries (PSL-SH) were introduced by Power Sonic Corporation.
- In 2020, Power Sonic Corporation launched an enhanced medical cart battery and ION Cells to lithium offering along with a new auxiliary car battery line. This auxiliary car battery line is refers to the AGM batteries used in cars
- In 2019, the business inaugurated a new distribution facility in the Netherlands that will serve as an innovation hub for its clients, showcasing new battery, UPS, and energy storage technologies.
- In 2019, Exide Technologies' transportation branch network business was purchased by Battery Systems, Inc. (US). With this acquisition, BSI will become the US, Canada, and Caribbean's sole distributor of Exide-branded transportation batteries.
Regional Analysis
Geographically, the countries covered in the AGM batteries for cars market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is expected to dominate the region in AGM batteries for cars market during the forecast period 2023-2030
The dominance of the North America region in the global AGM batteries for cars market can be attributed to its higher demand for automotive products and automation in the manufacturing industry. North America has a well-established automotive sector with a significant market for electric vehicles and start-stop systems. Additionally, the region's emphasis on technological advancements and strict emission regulations further drive the demand for AGM batteries, positioning North America as a leading market player in this industry.
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