What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Global Automotive Battery Market by Battery Type (Lithium-Ion Based, Nickel-Based, Lead-Acid Based, Sodium-Ion, Others), Vehicle Type (Passenger Vehicles, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025

Publish Date: Mar, 2019
Report ID: 376004
Category: Automotive
Pages: 0

$4700

Global automotive battery market is expected to reach USD 85.41 Billion by 2025 at a CAGR of 7.2% during the forecast period from 2018-2025. Consumer inclination for nutritious and naturally healthy food ingredients and growing awareness about gluten-free diet among consumers are estimated to drive the automotive battery market during the forecast period.

Market Overview:

An automotive battery is a kind of rechargeable battery which supplies electrical current to a motor vehicle. Automotive SLI (starting, lighting, and ignition) batteries are commonly lead-corrosive sort and are made of six galvanic cells in arrangement to give a 12-volt framework. It is mainly used to feed the starter to start the engine. Besides starting the engine, automotive batteries also supply the extra power required when the vehicle's electrical requirements exceed the supply from the charging system. Moreover, it acts as a stabilizer, balancing all the potential damaging voltage spikes. Thus, the demand for automotive batteries is rising as it serves various application areas.

Report Description:

The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The automotive battery market is analyzed by value (USD Billion) and volume (Thousand units).
The study delivers a comprehensive analysis of the global automotive battery market by battery type, vehicle type and regions.
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
Porter’s Five Forces model is used to recognize the competitive scenario in the global automotive battery market. This report incorporates the industry analysis which is focused on providing an extensive view of the automotive battery market.
The study also includes attractiveness analysis of battery type, vehicle type and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
The report provides company profile of the key players operating in the automotive battery market and a comparative analysis based on their business overviews product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

Growing demand for batteries.
Increasing demand for hybrid, semi-hybrid and fully electric vehicles is fuelling the growth of the automotive vehicle's market
The newest trend of start-stop batteries in vehicles is also boosting the market.
The consumer inclination for pollution-free electric and hybrid vehicles.

Restraints:

The high cost of manufacturing the battery is restraining the growth of the global automotive battery market.

Opportunities:

Increase in research and development activities of supportive material may provide lucrative opportunities for the key players operating in the automotive battery market.

Challenges:

Instability in the cost of raw materials such as nickel and lead pose a significant challenge for the industry.

Global Automotive Battery Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The automotive battery market is segmented by battery type and vehicle type

The battery type segment is classified into lithium-ion based, nickel-based, lead-acid based, sodium-ion and others. The lead-acid based segment dominated the market and valued around USD 18.98 Billion in 2017. Lead-acid batteries are used for SLI applications in conventional vehicles because of their higher cold cranking performance, low cost, and increased reliability. They are less expensive and simple in manufacturing, capable of high discharge rates, minimal maintenance, and superior starting capacity.
The vehicle type segment is segmented into passenger vehicles, commercial vehicles, electric vehicles, and others. The electric vehicle segment is dominating the market with the highest share of 39.21% in 2017. The rising number of electric cars on the road would promote the growth of privately and publicly accessible charging infrastructure.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region dominated the global automotive battery market in 2017 and valued around USD 21.68 Billion in 2017 whereas the Asia-Pacific region is growing rapidly in the market.

North America is dominating the market due to the presence of a strong manufacturing base of the lead-acid battery which is expected to promote market growth in the region. Also, increasing demand for electric vehicles due to the increase in government regulations is likely to spur the growth of electric vehicles segment over the forecast period.
The Asia-Pacific region is anticipated to grow rapidly due to rising product demand in automotive applications in various countries which would positively influence the growth of the region during the forecast period.

Global Automotive Battery Market Competitive Analysis:

Key players in the automotive battery market are East Penn Manufacturing Co., Inc., Camel Group Co., Ltd., Exide Technologies, FIAMM S.p.A., Fengfan Co., Ltd., Douglas Battery, Zhejiang Narada Power Source Co. Ltd., Johnson Controls Inc., The Furukawa Battery Co., Ltd., and Shandong Sacred Sun Power Sources Co., Ltd., Zhejiang Haijiu Battery Co., Ltd., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co., Ltd., and GS Yuasa Corporation. For instance, in February 2019, Electric car maker Tesla has intended to acquire US-based energy storage company Maxwell Technologies to help the electric automaker to improve its batteries and lower the costs as more competitors enter the market.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global automotive battery market by below-mentioned segments:

Global Automotive Battery Market, By Battery Type:

Lithium-ion based
Nickel-based
Lead-acid based
Sodium-ion
Others

Global Automotive Battery Market, By Vehicle Types:

Passenger Vehicles
Commercial Vehicles
Electric Vehicles
Other

Global Automotive Battery Market, By Regions:

North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Sweden
- Netherlands
- U.K.
- Italy
- Spain
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
South America
- Brazil
- Argentina
- Colombia
- Rest of South America
The Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of The Middle East and Africa

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1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market attractiveness analysis by Battery Type
4.3.2. Market attractiveness analysis by Vehicle Type
4.3.3. Market attractiveness analysis by Region
4.4. Industry Trends

5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Growing demand for batteries.
5.2.2. Increasing demand for hybrid, semi-hybrid and fully electric vehicles will lead to the growth of automotive vehicles market
5.2.3. The newest trend of start–stop batteries in vehicles will also boost the market
5.2.4. Consumer inclination for pollution-free electric and hybrid vehicles.
5.3. Restraints
5.3.1. High cost of manufacturing the battery is restraining growth of the global automotive battery market.
5.4. Opportunities
5.4.1. Increase in research and development activities of supportive material may provide lucrative opportunities for the key players operating in the automotive battery market.
5.5. Challenges
5.5.1. Instability in the cost of raw materials such as nickel and lead, pose significant challenge for the industry.

6. Global Automotive Battery Market Analysis and Forecast, By Battery Type
6.1. Segment Overview
6.2. Lithium-ion based
6.3. Nickel-based
6.4. Lead-acid based
6.5. Sodium-ion
6.6. Others

7. Global Automotive Battery Market Analysis and Forecast, By Vehicle Type
7.1. Segment Overview
7.2. Passenger Vehicles
7.3. Commercial Vehicles
7.4. Electric Vehicles
7.5. Other

8. Global Automotive Battery Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. Sweden
8.3.4. Netherlands
8.3.5. U.K.
8.3.6. Italy
8.3.7. Spain
8.3.8. Turkey
8.3.9. Switzerland
8.3.10. Belgium
8.3.11. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Singapore
8.4.7. Malaysia
8.4.8. Thailand
8.4.9. Indonesia
8.4.10. Philippines
8.4.11. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Colombia
8.5.4. Rest of South America
8.6. Middle East and Africa
8.6.1. Saudi Arabia
8.6.2. UAE
8.6.3. Egypt
8.6.4. Nigeria
8.6.5. South Africa
8.6.6. Rest of Middle East and Africa

9. Global Automotive Battery Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Automotive Battery Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Vehicle Type Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions

10. Company Profiles
10.1. East Penn Manufacturing Co
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Vehicle Type Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Camel Group Co., Ltd
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Vehicle Type Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Exide Technologies
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Vehicle Type Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. FIAMM S.p.A
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Vehicle Type Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Fengfan Co., Ltd
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Vehicle Type Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Douglas Battery
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Vehicle Type Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Zhejiang Narada Power Source Co. Ltd
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Vehicle Type Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Johnson Controls Inc
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Vehicle Type Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. The Furukawa Battery Co., Ltd
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Vehicle Type Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Shandong Sacred Sun Power Sources Co., Ltd
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Vehicle Type Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Zhejiang Haijiu Battery Co,Ltd
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Vehicle Type Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Chaowei Power Holdings Ltd
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Vehicle Type Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Hitachi Ltd
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Vehicle Type Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Shandong Sacred Sun Power Sources Co., Ltd
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Vehicle Type Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. GS Yuasa Corporation
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Vehicle Type Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis

List of Table
1. Global Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
2. Global Lithium-ion based Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
3. Global Nickel-based Automotive Battery Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
4. Global Lead-acid based Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
5. Global Sodium-ion based Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
6. Global Others based Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
7. Global Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
8. Global Passenger Vehicles Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
9. Global Commercial Vehicles Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
10. Global Electric Vehicles Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
11. Global Others Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
12. Global Automotive Battery Market, By Region, 2015–2025 (USD Billion) (Thousand Units)
13. North America Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
14. North America Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
15. U.S. Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
16. U.S. Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
17. Canada Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
18. Canada Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
19. Mexico Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
20. Mexico Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
21. Europe Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
22. Europe Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
23. Germany Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
24. Germany Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
25. France Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
26. France Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
27. Sweden Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
28. Sweden Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
29. Netherlands Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
30. Netherlands Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
31. U.K. Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
32. U.K. Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
33. Italy Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
34. Italy Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
35. Spain Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
36. Spain Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
37. Turkey Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
38. Turkey Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
39. Switzerland Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
40. Switzerland Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
41. Belgium Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
42. Belgium Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
43. Asia Pacific Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
44. Asia Pacific Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
45. Japan Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
46. Japan Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
47. China Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
48. China Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
49. India Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
50. India Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
51. South Korea Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
52. South Korea Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
53. Australia Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
54. Australia Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
55. Singapore Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
56. Singapore Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
57. Malaysia Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
58. Malaysia Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
59. Thailand Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
60. Thailand Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
61. Indonesia Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
62. Indonesia Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
63. Philippines Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
64. Philippines Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
65. South America Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
66. South America Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
67. Brazil Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
68. Brazil Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
69. Argentina Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
70. Argentina Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
71. Colombia Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
72. Colombia Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
73. Middle East and Africa Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
74. Middle East and Africa Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
75. Saudi Arabia Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
76. Saudi Arabia Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
77. UAE Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
78. UAE Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
79. Egypt Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
80. Egypt Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
81. Nigeria Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
82. Nigeria Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)
83. South Africa Automotive Battery Market, By Battery Type, 2015–2025 (USD Billion) (Thousand Units)
84. South Africa Automotive Battery Market, By Vehicle Type, 2015–2025 (USD Billion) (Thousand Units)

List of Figures
1. Global Automotive Battery Market Segmentation
2. Automotive Battery Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automotive Battery Market attractiveness analysis by Battery Type
9. Global Automotive Battery Market attractiveness analysis by Vehicle Type
10. Global Automotive Battery Market attractiveness analysis by Region
11. Global Automotive Battery Market: Dynamics
12. Global Automotive Battery Market Share by Battery Type (2017 & 2025)
13. Global Automotive Battery Market Share by Vehicle Type (2017 & 2025)
14. Global Automotive Battery Market Share by Region (2017 & 2025)
15. Global Automotive Battery Market Share by Company (2018)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Testimonials

Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –

Kennedy Brown
Health Technology Innovation
United States

Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance

Mika Salomäki

Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.

ONDŘEJ ŠUPKA
Analytics Department
ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!