Albany, NY -- (SBWIRE) -- 07/05/2017 -- An automotive battery is a type of rechargeable battery that is used to supply electric energy to a vehicle. Currently, wet cell, gel cell, and absorbed glass mat (AGM) batteries, which include various types of lead-acid batteries, are being used in automotive. In electric vehicles, lithium-ion batteries are widely used. The global automotive batteries market is growing proportionally to the sales of the vehicles sold each year.

Technavios analysts forecast the global automotive batteries market to grow at a CAGR of 4.63% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global automotive batteries market for 2017-2021. To calculate the market size, the report considers the sales volume of automotive batteries in OEM market.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Automotive Batteries Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Exide Technologies

Johnson Controls

Panasonic

Robert Bosch

Other prominent vendors

Boston Power

Camel Group

Delphi Automotive

GS Yuasa Corporation

Hitachi

Market driver

Decline in price of automotive batteries for electric vehicles

For a full, detailed list, view our report

Market challenge

Multiple limitations and short life cycle of lead-acid batteries

For a full, detailed list, view our report

Market trend

Growing demand for AGM batteries

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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