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Global Automotive Absorbent Glass Mat (AGM) Battery Market Size, Trends and Growth Opportunity,By Voltage (2–4 V, 6–8 V, 12 V and Above), By Type (Stationary, Motive), By Application (Passenger Vehicle, Motorcycle, Others), By End User (Original Equipment Manufacturers (OEMs), Aftermarket), By Region and forecast till 2027.


Report ID : IR100940 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 249

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    • Global Automotive Absorbent Glass Mat (AGM) Battery Market Size, Trends and Growth Opportunity,By Voltage (2–4 V, 6–8 V, 12 V and Above), By Type (Stationary, Motive), By Application (Passenger Vehicle, Motorcycle, Others), By End User (Original Equipment Manufacturers (OEMs), Aftermarket), By Region and forecast till 2027.
    Global Automotive Absorbent Glass Mat (AGM) Battery Market
    Global Automotive Absorbent Glass Mat (AGM) Battery Market was valued at USD 12760 million in 2021 and is slated to reach at USD 20152.64 million by 2027 at a CAGR of 6.27% from 2022-2027.

    The automotive absorbent glass mat (AGM) battery is an improved lead-acid battery that offers superior power and satisfies the higher electrical needs of today's vehicles. Automotive absorbent glass mat (AGM) batteries are highly vibration resistant, non-spillable, completely sealed, and maintenance-free. In addition, these batteries outperform ordinary lead-acid batteries in terms of cycling performance, acid leakage, and gassing.
    Market Drivers
    Longer battery life, start-stop applications, high electrical loads, vibration resistance, quick recharge, and long lifetime are some of the key benefits of automotive absorbent glass mat (AGM) batteries that are likely to fuel market expansion. AGM batteries for automobiles are also maintenance-free, non-spillable, and built for demanding situations and harsh climates.Automotive absorbent glass mat (AGM) batteries are an excellent premium option for advanced and high-end fuel-efficient automobiles with maximum power and electronic options such as heated seats, DVD players, GPS, and audio systems. Growing use of high-performance engine starter batteries in high-end fuel-efficient vehicles, as well as increased demand for renewable energy, will drive growth in the automotive absorbent glass mat (AGM) battery market.
    Market Restraints
    Growing security concerns, combined with a preference for other effective energy storage methods, are projected to be major restrictions on market expansion throughout the forecast period. Furthermore, the development of electric vehicles with lower specific energy than other batteries will be the primary and most significant impediment to market growth.
    COVID-19 impact 
    The COVID-19 pandemic had a substantial impact on market expansion. Lack of supply of raw materials and other components needed for product manufacturing was caused by supply chain disruptions. Although these batteries are employed in numerous applications, the automotive industry is where they are growing the fastest. Yet, the COVID-19 epidemic, which has stunted the growth and manufacture of AGM batteries globally, is to blame for a 43% reduction in the international sales of electric vehicles.
    Recent development
    Clario, a manufacturer of automotive batteries, will present smart AGM technology, which is a smart energy storage innovation, in December 2021. This will track performance in real time and deliver constant low voltage to improve vehicle performance.
    The deka HRC battery was introduced in October 2021 by East Penn, the largest single-side lead acid battery manufacturer in the world. This line of technology is brand-new and cutting-edge.
    Market Segmentation
    Global Automotive Absorbent Glass Mat (AGM) Battery Market is segmented into Voltage, Type, Application, and End-User. By Voltage such as 2–4 V, 6–8 V, 12 V, above. By Type such as Stationary, Motive. By Application such as Passenger Vehicle, Motorcycle, Others. By End-User such as Original Equipment Manufacturers (OEMs), Aftermarket.
    Regional Analysis
    Global Automotive Absorbent Glass Mat (AGM) Battery Market is segmentedfive regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.Europe leads the automotive absorbent glass mat (AGM) battery market in terms of revenue growth, owing to the region's high level of environmental consciousness and strong government regulations.During the forecast period, Asia-Pacific is expected to be the fastest growing region. This is mostly owing to the expansion of battery manufacturing facilities, rising demand for advanced technology items, and fast industrialization in this region.
    Key Players
    This report includes a list of numerous Key Players, namelyBanner (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).
    Market Taxonomy
    By Voltage
    • 2–4 V
    • 6–8 V
    • 12 V
    • Above
    By Type
    • Stationary
    • Motive
    By Application
    • Passenger Vehicle
    • Motorcycle
    • Others
    By End User
    • Original Equipment Manufacturers (OEMs)
    • Aftermarket
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa.