Global AGM Batteries for Cars Market Segmentation, By Type (Stationary and Motive), Voltage (Less than 10 Volts, 10 Volts to 12 Volts, and Above 12 Volts) Engine Type (IC Engines and Electric Vehicles), Sales Channel (OEM and Aftermarket), Vehicle Type (Passenger Cars and Electric Cars) – Industry Trends and Forecast to 2031.
AGM Batteries for Cars Market Analysis
The AGM (Absorbent Glass Mat) batteries for cars market is witnessing significant growth driven by advancements in technology and increasing demand for efficient energy solutions. Recent innovations include enhanced electrolyte management systems, which improve energy density and prolong battery life. The introduction of smart battery monitoring systems allows for real-time performance tracking, optimizing charging cycles and preventing failures.
These batteries are increasingly utilized in start-stop systems, which enhance fuel efficiency and reduce emissions in modern vehicles. Additionally, the rise of electric and hybrid vehicles has bolstered the demand for AGM batteries due to their ability to provide high cranking power and quick recharging capabilities.
The market is also benefiting from a growing consumer preference for maintenance-free battery options, positioning AGM batteries as a reliable choice for various automotive applications. As automotive manufacturers focus on sustainability, the shift toward more environmentally friendly technologies further accelerates the adoption of AGM batteries. Overall, the AGM batteries for cars market is set to expand rapidly, driven by technological advancements and changing consumer preferences in the automotive sector.
AGM Batteries for Cars Market Size
The global AGM batteries for cars market size was valued at USD 12.37 billion in 2023 and is projected to reach USD 18.00 billion by 2031, with a CAGR of 4.8% 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.
AGM Batteries for Cars Market Trends
“Increased Demand for Start-Stop Systems”
The growing adoption of start-stop systems in vehicles is significantly boosting the AGM (Absorbent Glass Mat) batteries market. These systems enhance fuel efficiency by shutting off the engine during idle periods, necessitating batteries that can handle frequent cycling. AGM batteries, known for their superior deep cycling capabilities and quick recharging, are ideal for this application. For instance, major automotive manufacturers such as BMW and Audi are increasingly integrating start-stop technology into their models, leading to higher demand for AGM batteries. This trend not only improves vehicle efficiency but also aligns with the global push for more sustainable automotive solutions. For instance, in May 2021, Exide Technologies revamped its Exide Premium range with a sleek new black design featuring recycled components. This initiative is projected to significantly reduce environmental impact, saving approximately 2,700 tons of CO2, 8 million liters of water, and 1.2 million liters of crude oil annually. Such changes reflect Exide’s commitment to sustainability and innovation.
Report Scope and AGM Batteries for Cars Market Segmentation
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Attributes
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AGM Batteries for Cars Key Market Insights
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Segments Covered
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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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Key Market Players
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Fullriver Battery (U.S.), East Penn Manufacturing Company (U.S.), Robert Bosch LLC (U.S.), 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.), and Duracell Automotive (U.S.)
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Market Opportunities
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Value Added Data Infosets
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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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AGM Batteries for Cars Market Definition
AGM (Absorbent Glass Mat) batteries are a type of lead-acid battery designed for enhanced performance and durability. They utilize a fiberglass mat to absorb the electrolyte, preventing spillage and enabling safe operation in various positions. AGM batteries offer several advantages for cars, including faster recharging, higher resistance to vibration, and a longer lifespan compared to traditional lead-acid batteries. They provide reliable starting power, making them ideal for high-performance vehicles and those with advanced electrical systems. Additionally, AGM batteries are maintenance-free and are less prone to sulfation, which enhances their longevity and efficiency in automotive applications.
AGM Batteries for Cars Market Dynamics
Drivers
- Growing Demand for Lightweight Solutions
The automotive industry is increasingly focused on reducing vehicle weight to enhance fuel efficiency and overall performance. AGM batteries play a pivotal role in this trend due to their lighter weight compared to traditional lead-acid batteries. This weight reduction is crucial for manufacturers striving to meet stringent fuel economy standards and consumer expectations for eco-friendly vehicles. AGM batteries not only contribute to weight savings but also offer superior energy efficiency and longevity, making them a preferred choice in modern vehicles. As automakers continue to innovate and prioritize lightweight materials, the demand for AGM batteries is expected to grow, driving significant market expansion.
- Increased Demand for Recreational Vehicles
The rising popularity of recreational vehicles (RVs) and marine applications is significantly driving the AGM batteries market. As consumers seek versatile and reliable power solutions for outdoor adventures, AGM batteries are favored for their superior performance in demanding conditions. These batteries are spill-proof, have a longer lifespan, and can handle deep cycling, making them ideal for RVs that require dependable energy for appliances and systems. Additionally, with the growth of the camping and boating industries, the need for robust energy storage solutions has surged, further solidifying the role of AGM batteries as a preferred choice for recreational and marine applications. For instance, in July 2022, Exide Technologies launched comprehensive automotive brochures detailing its entire range of battery products. These brochures provide valuable insights into the company’s offerings, facilitating better understanding for customers and distributors. By enhancing accessibility to product information, Exide aims to stimulate growth in the global AGM batteries for cars market.
Opportunities
- Advancements in Battery Technology
Continuous innovations in AGM battery technology are transforming the automotive landscape, enhancing performance, lifespan, and recharge times. Recent advancements, such as improved electrolyte formulations and optimized separator materials, have led to batteries that can withstand higher temperatures and provide consistent power output. Additionally, breakthroughs in charging methods, including fast-charging capabilities, cater to the growing demand for quick energy replenishment. These improvements not only increase the overall efficiency of AGM batteries but also enhance their reliability in modern vehicles. As consumers seek high-performance and low-maintenance options, these technological strides create significant market opportunities for manufacturers, driving further investment and development in AGM battery solutions. For instance, in December 2021, Clarios unveiled its innovative Smart AGM technology, designed to enhance automobile battery performance. This cutting-edge energy storage solution delivers constant low-voltage power, optimizes vehicle efficiency, and enables predictive maintenance by anticipating battery repairs. Additionally, it includes real-time performance monitoring, ensuring that critical safety functions are consistently operational for enhanced vehicle reliability.
- Expanding Automotive Aftermarket
The expanding automotive aftermarket presents significant opportunities for AGM batteries, particularly in the performance and luxury vehicle segments. As more consumers seek to upgrade their vehicles or replace aging batteries, AGM technology is increasingly favored for its superior performance and longevity. These batteries cater to the high power demands of advanced automotive systems, making them ideal for high-end models equipped with start-stop technology and other electrical features. Additionally, the rise in DIY maintenance and customization trends among car enthusiasts further propels the demand for AGM batteries. This growing segment creates a lucrative market for manufacturers to innovate and capture consumer interest. For instance, In October 2020, East Penn Manufacturing Corporation introduced the Deka HRC battery, marking a significant addition to its advanced technology lineup. Manufactured at the world’s largest single-site lead-acid battery facility, the Deka HRC utilizes innovative design features to enhance performance and longevity. This product aims to meet the increasing demands for reliable power solutions in various applications.
Restraints/Challenges
- Limited Charging Infrastructure
The limited charging infrastructure significantly hampers the growth of AGM batteries in electric and hybrid vehicles. As consumers increasingly seek reliable and convenient charging options, the lack of a robust network of charging stations creates hesitation to adopt AGM technology. This infrastructure gap restricts consumer confidence, making them wary of transitioning from traditional battery systems. Furthermore, the inconvenience of locating charging points deters potential buyers, particularly in regions where electric vehicle adoption is still nascent. Consequently, the slow development of charging facilities directly impacts the market potential for AGM batteries, limiting their adoption despite their advantages in performance and reliability.
- Competition from Alternative Technologies
The AGM batteries for cars market faces significant challenges from emerging battery technologies, particularly lithium-ion batteries. These alternatives provide higher energy density and lighter weight, making them more attractive to consumers seeking advanced performance and efficiency. As automakers increasingly shift toward electric and hybrid vehicles, the preference for lithium-ion technology intensifies, further diminishing the appeal of AGM batteries. Additionally, ongoing advancements in lithium-ion technology continue to improve their lifespan and charging capabilities, exacerbating competition. This shift in consumer preferences and technological advancements may hinder the growth and adoption of AGM batteries in the automotive sector.
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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
AGM Batteries for Cars Market Scope
The market is segmented on the basis of type, engine type, vehicle type, sales channel, and voltage. The growth amongst these segments will help you analyze meagre 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
The market is analyzed and market size insights and trends are provided by type, engine type, vehicle type, sales channel, and voltage as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the AGM batteries for cars market due to its significant demand for automotive innovation and automation in the manufacturing sector. The region's robust automotive industry, combined with advancements in battery technology, drives the growth of AGM batteries, which offer enhanced performance and reliability. As manufacturers prioritize efficiency and sustainability, North America remains a key player in this evolving market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as 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 global 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.
AGM Batteries for Cars Market Share
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, global 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 market.
AGM Batteries for Cars Market Leaders Operating in the Market Are:
- Fullriver Battery (U.S.)
- East Penn Manufacturing Company (U.S.)
- Robert Bosch LLC (U.S.)
- 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.)
Latest Developments in AGM Batteries for Cars Market
- In April 2022, EnerSys announced a strategic alliance with Orogenic ApS, a Danish battery supplier, to bolster its distribution and sales of motive power products across Denmark, Iceland, Greenland, and the Faroe Islands. This partnership aims to enhance EnerSys’s market share and expand its presence in the Nordic region, tapping into new growth opportunities
- In October 2020, East Penn unveiled the Deka HRC battery, the latest addition to its acclaimed advanced AGM technology line. Utilizing the proprietary Compu-Press process, this battery enhances corrosion resistance and longevity while ensuring high-rate power performance. The Deka HRC is designed for users who demand reliability and efficiency in their battery solutions, setting new industry standards
- In May 2020, Power Sonic Corporation expanded its product line with the launch of small high-rate lithium batteries (PSL-SH) and 16 models of series collection lithium batteries (PSL-SC). This innovative introduction not only strengthens the company’s position in the battery segment but also contributes significantly to the market, catering to evolving consumer needs
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