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Global Automotive Battery Aftermarket Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by Vehicle Type;

Passenger Cars, M and HCV and LCV.

Segmented by Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).

Report ID: Rn646668329 Published Date: March, 2024 Updated Date: April, 2024

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Introduction

Global Automotive Battery Aftermarket (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

#	Global Market (USD Million), 2020 - 2030
2020	78.3
2021	86.7
2022	88.4
2023	99.0
2024	117.1
2025	120.0
2026	120.9
2027	142.4
2028	160.0
2029	181.4
2030	202.4

In the year 2023, the Global Automotive Battery Aftermarket Market was valued at USD 3,697.16 million. The size of this market is expected to increase to USD 4,485.59 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.8%.

Global Automotive Battery Aftermarket Market Report Snapshot

Parameters	Description
Market	Global Automotive Battery Aftermarket Market
Study Period	2020 - 2030
Base Year (for Automotive Battery Aftermarket Market Size Estimates)	2023
Study Scope	Revenue Analysis (Historical & Forecast) for all segments and geography Market Share Analysis Drivers, Restraints and Opportunity Analysis Market Opportunity Map PEST Analysis Porter's Five Forces Analysis Company's SWOT Analysis Competitors Product Heat Map Analysis
Market Segmentation	Vehicle Type (Passenger Cars, M and HCV and LCV.)
Geographical Coverage	North America Europe Asia Pacific Middle East and Africa Latin America
Company Coverage	Johnson Controls Exide Technologies Panasonic Robert Bosch
Premium Insights	Latest Updates Analyst Views Future Outlook of the Market

Market Analysis

This report extensively covers different segments of Global Automotive Battery Aftermarket Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).

Global Automotive Battery Aftermarket Market Analysis

In this report, the Global Automotive Battery Aftermarket Market has been segmented by Vehicle Type and Geography.

Global Automotive Battery Aftermarket, Segmentation by Vehicle Type

The Global Automotive Battery Aftermarket has been segmented by Vehicle Type into Passenger Cars, M and HCV and LCV. The complete Global Automotive Battery Aftermarket segmentation by Vehicle Type can be seen below:

Global Automotive Battery Aftermarket, By Vehicle Type
- Passenger Cars
- M and HCV
- LCV

This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Vehicle Types mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.

The report also provides an analysis of why the market size of the various segments by Vehicle Type is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.

Global Automotive Battery Aftermarket, by Vehicle Type (USD Million), 2020 - 2030

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

#	Passenger Cars	M and HCV	LCV
2020	57.9	89.5	74.7
2021	59.8	97.8	79.6
2022	70.8	108.6	89.3
2023	75.5	118.4	101.9
2024	76.0	120.0	107.1
2025	81.2	137.1	126.5
2026	81.6	145.6	133.9
2027	95.7	174.2	141.2
2028	108.7	192.6	159.2
2029	118.7	197.8	180.3
2030	124.9	217.6	188.2

Global Automotive Battery Aftermarket Market, Segmentation by Geography

In this report, the Global Automotive Battery Aftermarket Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Automotive Battery Aftermarket Market Share (%), by Geographical Region, 2023

North America	Europe	Asia Pacific	Middle East & Africa	Latin America
20	10	15	5	50

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Find below the list of Countries covered in each of the aforementioned geographical regions:

North America - United States, Canada and Mexico

Latin America - Brazil, Argentina and Rest of Latin America

Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe

Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific

Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa

This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Automotive Battery Aftermarket Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.

This report also provides an analysis of why the market size of Automotive Battery Aftermarket in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.

Market Dynamics

This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive Battery Aftermarket Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.

Drivers, Restraints and Opportunity Analysis

The growth of the Global Automotive Battery Aftermarket is driven by; Multiple limitations and short life cycle of lead-acid batteries, Growing traffic congestion in cities and Increase in use of electrical accessories in cars.
The factors hindering the growth of Global Automotive Battery Aftermarket will be discussed in detail in the full report.
The new opportunities in Global Automotive Battery Aftermarket will be discussed in detail in the full report.

Drivers

Multiple limitations and short life cycle of lead-acid batteries.
Growing traffic congestion in cities.
Increase in use of electrical accessories in cars.

Restraints

Global Automotive Battery Aftermarket Restraints will be discussed in detail in the full report.

Opportunities

Global Automotive Battery Aftermarket Opportunities will be discussed in detail in the full report.

Market Opportunity Map

This report provides market opportunity map for Automotive Battery Aftermarket Market. The opportunity map (by market segments; Vehicle Type) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.

Global Automotive Battery Aftermarket Market, Opportunity Map, By Region (2020 - 2030)

Middle East and Africa

Europe

Asia Pacific

Latin America

North America

North America	Europe	Asia Pacific	Middle East & Africa	Latin America
20	10	15	5	50

*Graph shown for illustrative purpose only, the final report will have the bubble Graphs for all the market segments along with the regions

PEST (Political, Economic, Social and Technological) Analysis

This report provides PEST analysis of Automotive Battery Aftermarket Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.

This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.

This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market

As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.

Political

In depth analysis and insights about the impact of political factors on this market will be provided in the final report.

Economic

In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.

Social

In depth analysis and insights about the impact of social factors on this market will be provided in the final report.

Technological

In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.

*PEST Analysis representation shown for illustrative purpose only, the final report will have the full PEST Analysis.

Porter's Five Force Analysis

This report provides Porter's Five Forces analysis of Global Automotive Battery Aftermarket Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.

Bargaining Power of Suppliers:

Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Automotive Battery Aftermarket Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.

Bargaining Power of Suppliers

Supplier Switching Costs Relative To Firm Switching Costs	Strength of Distribution Channels	Supplier Concentration to firm Concentration Ratio	Presence of Substitute Inputs	Supplier Competition and Possibly of Forward Integration
20	10	15	5	50

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Bargaining Power of Buyers:

Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Automotive Battery Aftermarket Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.

Bargaining Power of Buyers

Buyer Competition to Firm Concentration Ratio	Buyer Switching Costs	Availability of existing Substitute Products	Buyer Price Sensitivity	Degree of Dependency upon Existing Channels of Distribution
10	15	25	45	32

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Threat of Substitutes:

Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Automotive Battery Aftermarket Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.

Threat of Substitutes:

Availability of Substitutes	Number of Available Substitutes	Price of Substitute Products	Buyer Switching Costs	Buyer Propensity to Substitute
20	35	10	2	5

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Threat of New Entrants:

Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Automotive Battery Aftermarket Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.

Threat of New Entrants:

Barriers to entry	Economics of scale	Product Differentiation	Customer Loyalty	Network Effect	Access to Ditribution Channels
2	35	25	10	15	55

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Competitive Rivalry:

Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Automotive Battery Aftermarket Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.

Industry Rivalry:

Firm Concentration Ratio	Level of Advertising Expense	Sustainable Competitive Adavantage through Innovation	Degree of Transparency	Competitive strategy
5	10	15	35	45

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Competitive Landscape Analysis

Key players in Global Automotive Battery Aftermarket Market include, Johnson Controls, Exide Technologies, Panasonic and Robert Bosch.

In this report, the profile of each market player provides following information:

Company Overview and Product Portfolio
Key Developments
Financial Overview
Strategies
Company SWOT Analysis

Company SWOT Analysis

*SWOT Analysis representation shown for illustrative purpose only, the final report will have the full SWOT Analysis for every player

This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.

Competitors Products/Services Heat Map Analysis

Company Vs. Product/Service	Company 1	Company 2	Company 3	Company 4	Company 5	Company 6	Company 7	Company 8	Company 9	Company 10
Product 1/Service 1
Product 2/Service 2
Product 3/Service 3
Product 4/Service 4
Product 5/Service 5
Product 6/Service 6
Product 7/Service 7
Product 8/Service 8

Presence Absence

*Heat Map shown for illustrative purpose only, the final report will have the full Heat Map Analysis

Introduction
1. Research Objectives and Assumptions
2. Research Methodology
3. Abbreviations
Market Definition & Study Scope
Executive Summary
1. Market Snapshot, By Vehicle Type
2. Market Snapshot, By Region
3. Market Opportunity Map
Global Automotive Battery Aftermarket Dynamics
1. Drivers, Restraints and Opportunities
  1. Drivers
    1. Multiple limitations and short life cycle of lead-acid batteries
    2. Growing traffic congestion in cities
    3. Increase in use of electrical accessories in cars
  2. Restraints
  3. Opportunities
2. PEST Analysis
  1. Political Analysis
  2. Economic Analysis
  3. Social Analysis
  4. Technological Analysis
3. Porter's Analysis
  1. Bargaining Power of Suppliers
  2. Bragaining Power of Buyers
  3. Threat of Substitutes
  4. Threat of New Entrants
  5. Industry Rivalry
Market Segmentation
1. Global Automotive Battery Aftermarket, By Vehicle Type, 2022 - 2032 (USD Million)
  1. Introduction
  2. Market Share Analysis, 2024 and 2030 (%)
  3. Y-o-Y Growth Analysis, 2021 - 2030
  4. Segment Trends
    1. Passenger Cars
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    2. M and HCV
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
    3. LCV
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
2. Global Automotive Battery Aftermarket, By Geography, 2022 - 2032 (USD Million)
  1. Introduction
  2. Market Share Analysis, 2024 and 2030 (%)
  3. Y-o-Y Growth Analysis, 2021 - 2030
  4. Regional Trends
    1. North America
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        United States
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Canada
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
    2. Europe
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        Germany
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        United Kingdom
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        France
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Italy
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Spain
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Rest of Europe
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
    3. Asia Pacific
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        Japan
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        China
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        India
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Australia & New Zealand
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        South Korea
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        ASEAN (Association of South East Asian Countries)
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Rest of Asia Pacific
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
    4. Middle East & Africa
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        GCC
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Israel
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        South Africa
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Rest of Middle East & Africa
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
    5. Latin America
      1. Introduction
      2. Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        Brazil
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Mexico
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Argentina
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
        
        Rest of Latin America
        Introduction
        
        Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2020 - 2030 (USD Million)
Competitive Landscape
1. Heat Map Analysis
2. Company Profiles
  1. Johnson Controls
    1. Company Overview and Product Portfolio
    2. Key Developments
    3. Financial Overview
    4. Strategies
    5. Company SWOT Analysis
  2. Exide Technologies
    1. Company Overview and Product Portfolio
    2. Key Developments
    3. Financial Overview
    4. Strategies
    5. Company SWOT Analysis
  3. Panasonic
    1. Company Overview and Product Portfolio
    2. Key Developments
    3. Financial Overview
    4. Strategies
    5. Company SWOT Analysis
  4. Robert Bosch
    1. Company Overview and Product Portfolio
    2. Key Developments
    3. Financial Overview
    4. Strategies
    5. Company SWOT Analysis
Analyst Views
Future Outlook of the Market

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Global Automotive Battery Aftermarket Growth, Share, Size, Trends and Forecast (2024 - 2030)

Segmented by Vehicle Type;

Segmented by Geography;

Introduction

Global Automotive Battery Aftermarket (USD Million), 2020 - 2030

Global Automotive Battery Aftermarket Market Report Snapshot

Market Analysis

Global Automotive Battery Aftermarket Market Analysis

Global Automotive Battery Aftermarket, Segmentation by Vehicle Type

Global Automotive Battery Aftermarket, by Vehicle Type (USD Million), 2020 - 2030

Global Automotive Battery Aftermarket Market, Segmentation by Geography

Global Automotive Battery Aftermarket Market Share (%), by Geographical Region, 2023

Market Dynamics

Drivers, Restraints and Opportunity Analysis

Market Opportunity Map

Global Automotive Battery Aftermarket Market, Opportunity Map, By Region (2020 - 2030)

PEST (Political, Economic, Social and Technological) Analysis

Porter's Five Force Analysis

Bargaining Power of Suppliers:

Bargaining Power of Suppliers

Bargaining Power of Buyers:

Bargaining Power of Buyers

Threat of Substitutes:

Threat of Substitutes:

Threat of New Entrants:

Threat of New Entrants:

Competitive Rivalry:

Industry Rivalry:

Competitive Landscape Analysis

Company SWOT Analysis

Competitors Products/Services Heat Map Analysis

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