According to Cognitive Market Research, the global Car Batteries market size will be USD 97251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 21.50% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 29175.36 million.
Asia Pacific held a 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.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4862.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.9 % from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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 ecommerce channel category is the fastest growing segment of the Car Batteries industry
