Car Batteries Market Report 2025 (Global Edition)

Global Car Batteries Market Report 2025 Market Size Split by Type (Lead-Acid Batteries, Absorbed Glass Mat Batteries, Other), by Application (Commercial Car, Passenger Car), by Sales Channel (OEM, Aut...

Car Batteries Market Report Description

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Car Batteries Market Insights Video

Competitive Landscape of the Car Batteries Market

The car batteries market is highly competitive, dominated by key players like L.G. Energy Solution, Panasonic, and CATL. It features a mix of established manufacturers and innovative startups, driving advancements in lithium-ion and lead-acid technologies. Companies are focusing on performance, sustainability, and integration with electric vehicles to gain market share.

In July 2024, EnerSys completed the acquisition of Bren-Tronics, significantly expanding its presence in critical defense applications. This strategic move enhances EnerSys's ability to provide advanced battery solutions tailored to the needs of defense and military sectors. (Source: https://investor.enersys.com/news-releases/news-release-details/enersys-completes-acquisition-bren-tronics-expand-presence#:~:text=News%20Release%20Details-,EnerSys%20Completes%20Acquisition%20Of%20Bren%2DTronics%20To,Presence%20In%20Critical%20Defense%20Applications&text=READING%2C%20Pa.) In June 2023, Johnson Controls acquired M&M Carnot to strengthen its sustainable industrial refrigeration portfolio. This acquisition aims to boost Johnson Controls' capabilities in providing eco-friendly and advanced refrigeration solutions. (Source: https://www.johnsoncontrols.com/media-center/news/press-releases/2023/06/21/johnson-controls-acquires-mm-carnot) In October 2021, Toshiba finalized its acquisition of G.P. Strategies' EtaPRO® business, marking a significant expansion of its capabilities in industrial automation and performance management. This acquisition will enhance Toshiba's offerings in optimizing industrial operations and leveraging advanced technology solutions. (Source: https://www.global.toshiba/ww/news/energy/2021/10/news-20211005-01.html)

Top Companies Market Share in Car Batteries Industry: (In no particular order of Rank)

• L.G. Energy Solution
• Panasonic Corporation
• Samsung SDI
• BYD Company Limited
• Contemporary Amperex Technology Co. Limited (CATL)
• A123 Systems
• Automotive Energy Supply Corporation (AESC)
• Johnson Controls
• Exide Technologies
• EnerSys
• SAFT Groupe S.A.
• Toshiba Corporation
• Sonnen GmbH
• Rivian Automotive
• Inc.
• Tesla
• Inc.
• BASF SE
• Hitachi Chemical Co.
• Ltd.
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Car Batteries Market

Which Region Dominates the Car Batteries Market in 2024?

According to Cognitive Market Research, Asia-Pacific is the largest region in the car batteries market, driven by major automotive manufacturing hubs such as China, Japan, and South Korea. The region's dominance is fueled by rapid industrialization, high demand for electric vehicles (E.V.s), and significant investments in battery technology. China, in particular, leads with substantial production capacity and technological advancements in lithium-ion batteries, making Asia-Pacific a central player in the global car batteries market.

Which Region is Expanding at the Fastest CAGR?

North America is the fastest-growing region in the car batteries market, largely due to the increasing adoption of electric vehicles (EVs) and supportive government policies. The U.S. and Canada are witnessing rapid growth in E.V. infrastructure and battery manufacturing advancements. Significant investments from major automakers and technology companies in North America are accelerating market expansion and driving innovation in automotive battery technologies, contributing to its rapid growth.

The current report Scope analyzes Car Batteries Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Car Batteries Market Analysis

According to Cognitive Market Research, the global Car Batteries market size was estimated at USD 97251.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 38900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.7 % from 2024 to 2031.

• According to Cognitive Market Research, the U.S. had a major share in the Car Batteries market with a market size of USD 30692.48 million in 2024 and is projected to grow at a CAGR of 19.5 % during the forecast period. The Surge in electric vehicle (E.V.) adoption and advancements in battery technology leads to the growth.
• The Canada Car Batteries market had a market share of USD 4668.06 million in 2024 and is projected to grow at a CAGR of 20.5 % during the forecast period. Canada’s government incentives for E.V.s and a push towards sustainable transportation solutions lead to growth.
• The Mexico Car Batteries market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 3539.94 million in 2024.

Europe Car Batteries Market Analysis

According to Cognitive Market Research, the global Car Batteries market size was estimated at USD 97251.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 29175.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.2 % from 2024 to 2031.

• The United Kingdom Car Batteries market had a market share of USD 4901.46 million in 2024 and is projected to grow at a CAGR of 20.8% during the forecast period. In the U.K., Car Batteries sales witness an upswing due to the growing emphasis on transitioning to electric mobility and government support for E.V. infrastructure.
• The France Car Batteries market is projected to witness growth at a CAGR of 19.2 % during the forecast period, with a market size of USD 2684.13 million in 2024.
• According to Cognitive Market Research, the German Car Battery market size was valued at USD 5776.72 million in 2024 and is projected to grow at a CAGR of 20.2% during the forecast period. In Germany, Car Batteries surged due to the Strong focus on automotive innovation and stringent environmental regulations driving high-performance battery demand.
• The Italy Car Batteries market is projected to witness growth at a CAGR of 19.4% during the forecast period, with a market size of USD 2509.08 million in 2024.
• The Russian car Battery market is projected to witness growth at a CAGR of 19.0 % during the forecast period, with a market size of USD 4522.18 million in 2024.
• The Spain Car Batteries market is projected to witness growth at a CAGR of 19.1 % during the forecast period with a market size of USD 2392.38 million in 2024
• The Luxembourg Car Batteries market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 904.44 million in 2024.
• The Portugal Car Batteries market is projected to witness growth at a CAGR of 19.8 % during the forecast period, with a market size of USD 612.68 million in 2024.
• The Greece Car Batteries market is projected to witness growth at a CAGR of 20.3% during the forecast period, with a market size of USD 350.10 million in 2024.
• The Rest of Europe's Car Batteries market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 4522.18 million in 2024.

Asia Pacific Car Batteries Market Analysis

According to Cognitive Market Research, the global Car Batteries market size was estimated at USD 97251.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 22367.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.5 % from 2024 to 2031.

• According to Cognitive Market Research, the China Car Batteries market size was valued at USD 10065.50 million in 2024 and is projected to grow at a CAGR of 23.0 % during the forecast period. Car Batteries surged in China due to massive expansion in the E.V. market and substantial investments in battery manufacturing and technology.
• The Japan Car Batteries market is projected to witness growth at a CAGR of 22.0 % during the forecast period, with a market size of USD 3086.75 million in 2024.
• The India Car Batteries market had a market share of USD 2684.13 million in 2024 and is projected to grow at a CAGR of 25.3 % during the forecast period. India's Rapid growth in the automotive sector and increasing adoption of electric and hybrid vehicles led to the growth.
• The South Korean Car Batteries market is projected to witness growth at a CAGR of 22.6 % during the forecast period, with a market size of USD 2236.78 million in 2024.
• The Australian Car Batteries market is projected to witness growth at a CAGR of 23.2 % during the forecast period, with a market size of USD 1163.12 million in 2024.
• The South East Asia Car Batteries market is projected to witness growth at a CAGR of 24.5 % during the forecast period, with a market size of USD 1543.38 million in 2024.
• The Rest of Asia Pacific Car Batteries market is projected to witness growth at a CAGR of 23.3 % during the forecast period, with a market size of USD 1588.11 million in 2024.

South America Car Batteries Market Analysis

According to Cognitive Market Research, the global Car Batteries market size was estimated at USD 97251.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 4862.56 million 2024 and will grow at a compound annual growth rate (CAGR) of 20.9 % from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Car Batteries market size was valued at USD 2081.18 million in 2024 and is projected to grow at a CAGR of 21.5 % during the forecast period. Car batteries flourished in Brazil due to the expansion of the automotive industry.
• Argentina's Car Batteries market had a market share of USD 816.91 million in 2024 and is projected to grow at a CAGR of 21.9% during the forecast period. Argentina's Growth in automotive sales and gradual adoption of electric vehicles led to the growth.
• Colombia Car Batteries market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 432.77 million in 2024.
• Peru Car Batteries market is projected to witness growth at a CAGR of 21.1% during the forecast period, with a market size of USD 398.73 million in 2024.
• Chile Car Batteries market is projected to witness growth at a CAGR of 21.2 % during the forecast period, with a market size of USD 350.10 million in 2024.
• The Rest of Latin America's Car Batteries market is projected to witness growth at a CAGR of 20.0 % during the forecast period, with a market size of USD 782.87 million in 2024.

Middle East Car Batteries Market Analysis

According to Cognitive Market Research, the global Car Batteries market size was estimated at USD 97251.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1945.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.2 % from 2024 to 2031.

• The GCC Countries Car Batteries market is projected to witness growth at a CAGR of 22.0 % during the forecast period, with a market size of USD 832.47 million in 2024. Car Batteries sales flourish due to the rising automotive market demand and investments in sustainable energy solutions.
• The Egypt Car Batteries market is projected to witness growth at a CAGR of 21.5% during the forecast period, with a market size of USD 204.23 million in 2024.
• The South Africa Car Batteries market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 307.31 million in 2024. Car Batteries sales flourished in South Africa due to expanding automotive industry and increasing focus on alternative energy vehicles.
• The Turkey Car Batteries market is projected to witness growth at a CAGR of 20.7 % during the forecast period, with a market size of USD 167.27 million in 2024.
• The Nigeria Car Batteries market is projected to witness growth at a CAGR of 20.3% during the forecast period, with a market size of USD 204.23 million in 2024.
• The Rest of the MEA Car Batteries market is projected to witness growth at a CAGR of 20.2 % during the forecast period, with a market size of USD 229.51 million in 2024.

Car Batteries Market Analysis

How are Segments Performing in the Global Car Batteries Market?

Car Batteries Market Type Segment Analysis

According to Cognitive Market Research, Lead-acid batteries remain the largest segment in the car batteries market due to their long-standing use, cost-effectiveness, and reliability in conventional vehicles. They dominate the market primarily because of their widespread application in internal combustion engine (ICE) vehicles. Despite the rise of electric vehicles, lead-acid batteries continue to be the preferred choice for traditional automotive applications due to their established infrastructure and lower initial costs.

Absorbed Glass Mat (AGM) batteries are the fastest-growing segment in the car batteries market, driven by their advanced performance characteristics and increasing demand for high-efficiency, maintenance-free options. AGM batteries offer superior power delivery, durability, and safety compared to traditional lead-acid batteries, making them increasingly popular in high-end and luxury vehicles. The rising need for enhanced battery performance in modern automotive applications accelerates their growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Car Batteries Industry. Request a Free Sample PDF!

Car Batteries Market Application Segment Analysis

According to Cognitive Market Research, the passenger car segment is the largest in the car batteries market, driven by the sheer volume of vehicles and the broad consumer base. Passenger cars account for the majority of global vehicle sales, leading to a high demand for automotive batteries. The extensive use of lead-acid and increasingly lithium-ion batteries in passenger cars reflects their dominant market presence and widespread application across various vehicle types and regions.

The commercial car segment is the fastest-growing in the car batteries market, fueled by rising demand for electric and hybrid commercial vehicles. Innovations in battery technology and increased adoption of electric trucks and vans drive this growth. The expansion of e-commerce and logistics sectors also contributes to the rapid rise in commercial vehicle batteries as businesses seek more efficient and sustainable transportation solutions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Car Batteries Sales Channel Segment Analysis

Car Batteries Market Sales Channel Segment Analysis

According to Cognitive Market Research, The OEM (Original Equipment Manufacturer) channel is the largest in the car batteries market, primarily due to its integral role in supplying batteries for new vehicle production. OEMs partner with battery manufacturers to equip vehicles with high-quality, reliable batteries that meet stringent performance and safety standards. This channel's large volume is driven by the continuous production and sale of new cars, maintaining its dominant position in the automotive battery market.

The ecommerce channel is the fastest-growing segment in the car batteries market, driven by the increasing shift towards online shopping for automotive parts. Consumers and repair shops are increasingly purchasing car batteries through online platforms due to convenience, competitive pricing, and access to a wider range of products. This growth is fueled by advancements in digital retail and improved logistics for battery delivery, making ecommerce a rapidly expanding market segment.

• OEM
• Automotive Channel
• Ecommerce
• Wholesale Clubs
• Others

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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