Global Automotive Absorbent Glass Mat (AGM) Battery Market Size, Trends and Growth Opportunity, By Voltage (2–4 V, 6–8 V, 12 V and Above), By Type (Stationary and Motive), By Application (Passenger Vehicle, Motorcycle, and Others), By End User (Original Equipment Manufacturers (OEMs), and Aftermarket), By Region and forecast till 2027.
Global Automotive Absorbent Glass Mat (AGM) Battery Market
Global Automotive Absorbent Glass Mat (AGM) Battery Market was valued at USD 12760 million in 2021 and is slated to reach at USD 20152.64 million by 2027 at a CAGR of 6.27% from 2022-2027.
The lead-acid battery known as the automotive absorbent glass mat (AGM) battery has been enhanced to provide more power and meet the increased electrical demands of modern vehicles. Batteries made of absorbent glass mat (AGM) for automobiles are fully sealed, maintenance-free, and highly vibration resistant. In terms of cycling performance, acid leakage, and gassing, these batteries work better than regular lead-acid batteries.
Market Drivers
Longer battery life, start-stop applications, high electrical loads, vibration resistance, quick recharge, and long lifetime are some of the key benefits of automotive absorbent glass mat (AGM) batteries that are likely to fuel market expansion. AGM batteries for automobiles are also maintenance-free, non-spillable, and built for demanding situations and harsh climates. Automotive absorbent glass mat (AGM) batteries are an excellent premium option for advanced and high-end fuel-efficient automobiles with maximum power and electronic options such as heated seats, DVD players, GPS, and audio systems. Growing use of high-performance engine starter batteries in high-end fuel-efficient vehicles, as well as increased demand for renewable energy, will drive growth in the automotive absorbent glass mat (AGM) battery market.
Market Restraints
Growing security concerns, combined with a preference for other effective energy storage methods, are projected to be major restrictions on market expansion throughout the forecast period. Furthermore, the development of electric vehicles with lower specific energy than other batteries will be the primary and most significant impediment to market growth.
COVID-19 impact
The COVID-19 pandemic had a substantial impact on market expansion. Lack of supply of raw materials and other components needed for product manufacturing was caused by supply chain disruptions. Although these batteries are employed in numerous applications, the automotive industry is where they are growing the fastest. Yet, the COVID-19 epidemic, which has stunted the growth and manufacture of AGM batteries globally, is to blame for a 43% reduction in the international sales of electric vehicles.
Recent development
Clario, a manufacturer of automotive batteries, will present smart AGM technology, which is a smart energy storage innovation, in December 2021. This will track performance in real time and deliver constant low voltage to improve vehicle performance.
The deka HRC battery was introduced in October 2021 by East Penn, the largest single-side lead acid battery manufacturer in the world. This line of technology is brand-new and cutting-edge.
Market Segmentation
Global Automotive Absorbent Glass Mat (AGM) Battery Market is segmented into Voltage, Type, Application, and End-User. By Voltage such as 2–4 V, 6–8 V, 12 V, and above. By Type such as Stationary, and Motive. By Application such as Passenger Vehicle, Motorcycle, and Others. By End-User such as Original Equipment Manufacturers (OEMs), and Aftermarket.
Regional Analysis
Global Automotive Absorbent Glass Mat (AGM) Battery Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe leads the automotive absorbent glass mat (AGM) battery market in terms of revenue growth, owing to the region's high level of environmental consciousness and strong government regulations. During the forecast period, Asia-Pacific is expected to be the fastest growing region. This is mostly owing to the expansion of battery manufacturing facilities, rising demand for advanced technology items, and fast industrialization in this region.
Key Players
This report includes a list of numerous Key Players, namelyBanner (Austria), DYNAVOLT Power (China), Tianneng rechargeable battery manufacturers (China), leoch International Technology Limited Inc, (China), Manbat Ltd T/A SYBS (U.S.), ENERSYS. (U.S.), Chaowei Power Holdings Ltd (China), KOYO BATTERY CO., LTD (China), Robert Bosch GmbH (Germany), GS Yuasa International Ltd (Japan).
Market Taxonomy
By Voltage
• 2–4 V
• 6–8 V
• 12 V
• Above
By Type
• Stationary
• Motive
By Application
• Passenger Vehicle
• Motorcycle
• Others
By End User
• Original Equipment Manufacturers (OEMs)
• Aftermarket
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Automotive Absorbent Glass Mat (AGM) Battery Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Automotive Absorbent Glass Mat (AGM) Battery Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Absorbent Glass Mat (AGM) Battery Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to mearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis5
Global Automotive Absorbent Glass Mat (AGM) Battery M
arket, By Voltage
5.1 Y-o-Y Growth Comparison, By Voltage
5.2 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Voltage
5.3 Global Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Voltage
5.3.1 2–4 V
5.3.2 6–8 V
5.3.3 12 V
5.3.4 Above
6 Global Automotive Absorbent Glass Mat (AGM) Battery Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Application
6.3 Global Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
6.3.1 Passenger Vehicle
6.3.2 Motorcycle
6.3.3 Others
7 Global Automotive Absorbent Glass Mat (AGM) Battery Market, By Type
7.1 Y-o-Y Growth Comparison, By Type
7.2 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Type
7.3 Global Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
7.3.1 Stationary
7.3.2 Motive
8 Global Automotive Absorbent Glass Mat (AGM) Battery Market, By End-User
8.1 Y-o-Y Growth Comparison, By Type
8.2 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By End-User
8.3 Global Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
8.3.1 Stationary
8.3.2 Motive
9 Global Automotive Absorbent Glass Mat (AGM) Battery Market, By Region
9.1 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Region
9.2 Global Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Region
9.3 Global Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Region
10 North America Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Voltage
10.3 North America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
10.4 North America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
10.5 North America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
10.6 North America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Voltage
11.3 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
11.4 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
11.5 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
11.5 Europe Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Country
11.5.1 Germany
11.5.2 France
11.5.3 UK
11.5.4. Rest of Europe
12 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Voltage
12.3 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
12.4 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
12.5 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
12.5 Asia Pacific Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, Product Type
13.3 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
13.4 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
13.5 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
13.6 Latin America Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Country
13.6.1. Brazil
13.6.2.Rest of Latin America
14 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis, By Voltage
14.3 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Type
14.4 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Application
14.5 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By End-User
14.6 Middle East Automotive Absorbent Glass Mat (AGM) Battery Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Banner
16.1.1 Overview
16.1.2 Products
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. DYNAVOLT Power
16.2.1 Overview
16.2.2 Products
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Tianneng rechargeable battery manufacturers
16.3.1 Overview
16.3.2 Products
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 leoch International Technology Limited Inc
16.4.1 Overview
16.4.2 Products
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Manbat Ltd T/A SYBS
16.5.1 Overview
16.5.2 Products
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 ENERSYS
16.6.1 Overview
16.6.2 Products
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Chaowei Power Holdings Ltd
16.7.1 Overview
16.7.2 Products
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 KOYO BATTERY CO., LTD
16.8.1 Overview
16.8.2 Products
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Robert Bosch GmbH
16.9.1 Overview
16.9.2 Products
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 GS Yuasa International Ltd
16.10.1 Overview
16.10.2 Products
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
