Automotive Absorbent Glass Mat (AGM) Battery Market Industry Statistics: Growth, Share, Value, Insights, and Trends

"Automotive Absorbent Glass Mat (AGM) Battery Market Size And Forecast by 2030

Data Bridge Market Research analyses that the Global Automotive Absorbent Glass Mat (AGM) Battery Market which was USD 14859.37 Thousand in 2022 is expected to reach USD 23152.64 Billion by 2030 and is expected to undergo a CAGR of 5.70% during the forecast period of 2022 to 2030

the outlook for the Automotive Absorbent Glass Mat (AGM) Battery Market remains optimistic, with significant opportunities for growth and innovation. The market’s competitive environment, shaped by leading companies and their strategies, underscores the importance of adaptability and foresight. With a focus on insights, trends, and data-driven analysis, this report serves as a comprehensive guide for stakeholders navigating the complexities of the Automotive Absorbent Glass Mat (AGM) Battery Market.

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Which are the top companies operating in the Automotive Absorbent Glass Mat (AGM) Battery Market?

The Top 10 Companies in Automotive Absorbent Glass Mat (AGM) Battery Market are known for their strong presence and innovative solutions. These include industry leaders. Each of these companies has made significant contributions through cutting-edge products, strategic partnerships, and global reach. Their ability to adapt to market trends and consumer demands has helped them maintain leadership positions in the market, driving growth and setting industry standards.

Segments

- Type: The automotive AGM battery market is segmented into 1) 12V AGM Battery and 2) 48V AGM Battery. The 12V AGM battery segment is expected to dominate the market owing to its widespread usage in vehicles worldwide.

- Vehicle Type: Based on vehicle type, the market is divided into 1) Passenger Vehicles, 2) Commercial Vehicles, and 3) Electric Vehicles (EVs). The rising demand for electric vehicles is anticipated to drive the market growth for AGM batteries in the EV segment.

- Distribution Channel: In terms of distribution channel, the market is categorized into 1) Original Equipment Manufacturers (OEMs) and 2) Aftermarket. The OEM segment is projected to hold a significant share due to the bulk procurement of batteries by automakers for new vehicles.

Market Players

- Johnson Controls: One of the key players in the global automotive AGM battery market, Johnson Controls offers a wide range of AGM batteries known for their durability and performance.

- East Penn Manufacturing Company: Known for its cutting-edge AGM battery technologies, East Penn Manufacturing Company is a prominent player contributing to the market growth.

- Exide Technologies: With a strong presence in the automotive battery market, Exide Technologies is focusing on advancing its AGM battery portfolio to cater to the evolving demands of the automotive industry.

- Crown Battery Manufacturing: Specializing in AGM batteries for automotive applications, Crown Battery Manufacturing is recognized for its high-quality and reliable battery solutions.

The global automotive AGM battery market is witnessing significant growth driven by the increasing demand for efficient and eco-friendly battery solutions in vehicles. The shift towards electric vehicles, coupled with the rising adoption of AGM batteries for start-stop systems in modern automobiles, is fueling market expansion. The 12V AGM battery segment is expected to maintain its dominance, supported by its widespread usage across various vehicle types. Moreover, the aftermarket distribution channel is projected to witness substantial growth as consumers opt for replacements and upgrades in existing vehicles. Market players such as Johnson Controls, East Penn Manufacturing Company, Exide Technologies, and Crown Battery Manufacturing are actively innovating and expanding their product offerings to stay competitive in the market. Overall, the global automotive AGM battery market is poised for promising growth prospects in the coming years as the automotive industry continues to prioritize sustainable and energy-efficient battery solutions.

databridgemarketresearch.com/reports/global.. automotive AGM battery market is a dynamic sector with continuous innovations and advancements in battery technology driving its growth. One key trend shaping the market is the increasing focus on sustainability and energy efficiency in the automotive industry. AGM batteries are gaining popularity due to their eco-friendly nature and improved performance compared to traditional lead-acid batteries. This shift towards more sustainable battery solutions is expected to be a significant driver of market growth in the coming years.

Furthermore, the rise in electric vehicles (EVs) is a major factor influencing the demand for AGM batteries. As the automotive industry transitions towards electrification to reduce emissions and meet stringent environmental regulations, the need for high-performance batteries like AGM becomes essential. AGM batteries offer advantages such as fast charging, longer lifespan, and enhanced safety features, making them ideal for use in EVs. This shift towards electric mobility is expected to propel the market for AGM batteries, especially in the EV segment.

In addition to EVs, the adoption of start-stop systems in modern vehicles is also contributing to the growth of the automotive AGM battery market. AGM batteries are well-suited for start-stop technology due to their ability to provide quick power bursts and withstand frequent charging cycles. As automotive manufacturers increasingly integrate start-stop systems to improve fuel efficiency and reduce emissions, the demand for AGM batteries is expected to rise significantly.

Moreover, the aftermarket segment of the automotive AGM battery market presents lucrative opportunities for growth. As vehicles age and the need for battery replacements and upgrades arises, consumers are turning to aftermarket channels for high-quality AGM batteries. This trend is driven by the desire for better performance and reliability in vehicles, leading to a surge in aftermarket sales of AGM batteries.

Overall, the global automotive AGM battery market is poised for robust growth driven by factors such as sustainability initiatives, electrification trends, start-stop system integration, and aftermarket demand. Market players will continue to focus on innovation and product development to meet the evolving needs of the automotive industry and stay competitive in the rapidly changing market landscape. The future outlook for the automotive AGM battery market is promising, with ample opportunities for expansion and growth in the foreseeable future.**Segments**

Global Automotive Absorbent Glass Mat (AGM) Battery Market, By Voltage:
- 2–4 V
- 6–8 V
- 12 V and Above

Type:
- Stationary
- Motive

Application:
- Passenger Vehicle
- Motorcycle
- Others

End User:
- Original Equipment Manufacturers (OEMs)
- Aftermarket

The automotive AGM battery market is witnessing a significant transformation with the introduction of absorbent glass mat (AGM) batteries that offer enhanced performance and durability in various automotive applications. The market segmentation based on voltage includes different ranges such as 2–4 V, 6–8 V, and 12 V and above, catering to the diverse needs of vehicles. The type segmentation between stationary and motive applications showcases the versatility of AGM batteries in different settings. In terms of application, the market caters to passenger vehicles, motorcycles, and other automotive sectors, demonstrating the broad usage of AGM batteries across the industry. Lastly, the division based on end-users between OEMs and the aftermarket highlights the distribution channels driving the adoption of AGM batteries in the automotive sector.

Market Players

- Banner (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)
- EXIDE INDUSTRIES LTD (India)
- Battery Tender (U.S.)
- Camel Group Co., Ltd (China)
- Reem Batteries & Power Appliances Co. SAOC (Dubai)
- Saft (France)
- C&D Technologies, Inc. (U.S.)

The global automotive AGM battery market is bustling with competition as numerous key players such as Banner, DYNAVOLT Power, Tianneng Rechargeable Battery Manufacturers, and Leoch International Technology Limited Inc are actively involved in driving innovation and growth within the industry. These players are focusing on developing advanced AGM battery technologies to meet the evolving demands of the automotive sector. With the increasing demand for sustainable and energy-efficient battery solutions, market players like Manbat Ltd, ENERSYS, and Chaowei Power Holdings Ltd are expanding their product offerings to stay ahead in the competitive landscape. Furthermore, established companies such as Robert Bosch GmbH, GS Yuasa International Ltd, and EXIDE INDUSTRIES LTD are leveraging their expertise to deliver high-quality AGM batteries that cater to the diverse needs of vehicle manufacturers and consumers. The market players are also tapping into aftermarket opportunities to provide reliable and efficient AGM batteries for replacement and upgrade purposes.

In conclusion, the global automotive AGM battery market is poised for substantial growth with a strong focus on sustainability, electrification, and aftermarket demand. The collaboration and competition among market players are driving innovation and technological advancements in AGM batteries, leading to a promising outlook for the industry. With an array of players contributing to the market dynamics, the automotive AGM battery sector is expected to witness significant developments and expansion in the coming years, catering to the evolving needs of the automotive industry.

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Key Insights from the Global Automotive Absorbent Glass Mat (AGM) Battery Market :

Comprehensive Market Overview: The Automotive Absorbent Glass Mat (AGM) Battery Market is growing rapidly, driven by technological advancements and evolving consumer preferences.
Industry Trends and Projections: The market is expected to grow at a CAGR of X% over the next five years, with increasing automation and digitalization.
Emerging Opportunities: New market segments, such as sustainable and eco-friendly solutions, are creating significant growth prospects.
Focus on R&D: Companies are investing heavily in R&D to innovate and improve product offerings, ensuring market leadership.
Leading Player Profiles: Major player dominate the market with strong portfolios and strategic partnerships.
Market Composition: The market is diverse, with a mix of large enterprises and emerging startups driving competition and innovation.
Revenue Growth: The market has witnessed a steady increase in revenue, primarily driven by growing demand and product diversification.
Commercial Opportunities: There are considerable opportunities for business expansion in emerging regions and through technological innovations.

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