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Absorbent Glass Mat (AGM) Battery Market

Global Absorbent Glass Mat (AGM) Battery Market Size, Share: By Type: Stationary, Motive; By Output Capacity: 2-6V, 6-8V, 12V and Others; By Distribution Channel: OEM, Aftersales; By End Use: Automobile, Inverters, Energy Sector, Marine, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Competitive Landscape; 2024-2032

Global Absorbent Glass Mat (AGM) Battery Market Outlook

The global absorbent glass mat (AGM) battery market attained a value of USD 12.74 billion in 2023. The market is expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to reach USD 20.10 billion by 2032.

 

Global Absorbed Glass Mat Battery Market

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Europe Expected to be a Key Contributor in the Global Market for Absorbent Glass Mat (AGM) Battery

Europe is projected to have a major share in the global market for absorbent glass mat (AGM) battery owing to the implementation of strict environmental regulations and the manufacture of cars with start-stop functions. Minimal maintenance and higher efficiency are expected to contribute to the growth of the absorbent glass mat battery industry. Moreover, rapid industrialisation and the growing demand for advanced technology are expected to spur the growth of the market growth, especially in the Asia Pacific, one of the fastest-growing regions. China is expected to hold a major share in the Asia Pacific market, owing to the presence of leading manufacturers in the region.

 

Absorbent Glass Mat (AGM) Battery: Market Segmentation

Absorbent glass mat (AGM) battery is a modern technology battery used to power various automotive components. The electrolyte is suspended between the glass mat and battery plates, and the amount is kept minimal. These batteries are far more efficient than normal lead batteries, owing to their design and construction, resistance to vibrations, and no spillage.

 

Global Absorbed Glass Mat Battery Market By Type

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By type, the market can be bifurcated into:

  • Stationary
  • Motive

Based on output capacity, the market can be divided into:

  • 2-6V
  • 6-8V
  • 12V and others

By distribution channel, the market is segmented into:

  • OEM
  • Aftersales

By end use, the market can be divided into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Absorbed Glass Mat Battery Market By Region

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Efficiency of Absorbent Glass Mat (AGM) Batteries Over Lead Batteries is Driving the Market Growth

Favourable characteristics of absorbent glass mat (AGM) batteries, like longer battery life, vibration resistance, start-stop applications, high electrical loads, quick recharges, and long lifecycles are driving the global market growth of absorbent glass mat battery. The market is expected to register significant growth owing to the demand for efficient batteries. Stringent CO2 emission norms by governments across the globe are providing further impetus to the market growth. In addition, absorbent glass mat batteries find applications in high-end and advanced fuel-efficient vehicles with large power demands. This, in turn, is expected to bolster the market growth.

 

Key Industry Players in the Global Absorbent Glass Mat (AGM) Battery Market

The report gives a detailed analysis of the following key players in the global absorbent glass mat (AGM) battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Clarios
  • Exide Technologies
  • Power Sonic Corporation
  • Panasonic Corporation
  • East Penn Manufacturing Company
  • Enersys
  • EC&D Technologies, Inc
  • Robert Bosch GmbH
  • Trojan Battery Company
  • Defender Industries
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Output Capacity
  • Distribution Channel
  • End Use
  • Region
Breakup by Type
  • Stationary
  • Motive
Breakup by Output Capacity
  • 2-6V
  • 6-8V
  • 12V and Others
Breakup by Distribution channel
  • OEM
  • Aftersales
Breakup by End Use
  • Automobile
  • Inverters
  • Energy Sector
  • Marine
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Clarios
  • Exide Technologies
  • Power Sonic Corporation
  • Panasonic Corporation
  • East Penn Manufacturing Company
  • Enersys
  • EC&D Technologies, Inc
  • Robert Bosch GmbH
  • Trojan Battery Company
  • Defender Industries
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Absorbent Glass Mat Battery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Absorbent Glass Mat Battery Historical Market (2018-2023) 
    8.3    Global Absorbent Glass Mat (AGM) Battery Market Forecast (2024-2032)
    8.4    Global Absorbent Glass Mat (AGM) Battery Market by Type
        8.4.1    Stationary
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Motive
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Absorbent Glass Mat (AGM) Battery Market by Output Capacity
        8.5.1    2-6V
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    6-8V
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    12V and Others
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Absorbent Glass Mat (AGM) Battery Market by Distribution Channel
        8.6.1    OEM
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aftersales
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Absorbent Glass Mat (AGM) Battery Market by End Use
        8.7.1    Automobile
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Inverters
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Energy Sector
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Marine
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Absorbent Glass Mat (AGM) Battery Market by Region
        8.8.1    North America
        8.8.2    Europe
        8.8.3    Asia Pacific
        8.8.4    Latin America
        8.8.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Clarios
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Exide Technologies
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Power Sonic Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Panasonic Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    East Penn Manufacturing Company
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Enersys
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    EC&D Technologies, Inc
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Robert Bosch GmbH
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Trojan Battery Company
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Defender Industries
            12.2.10.1    Company Overview
            12.2.10.2    Product Portfolio
            12.2.10.3    Demographic Reach and Achievements
            12.2.10.4    Certifications
        12.2.11    Others
13    Key Trends and Developments in the Market


Additional Customisations Available:

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments


List of Key Figures and Tables

1.    Global Absorbent Glass Mat Battery Market: Key Industry Highlights, 2018 and 2032
2.    Global Absorbent Glass Mat Battery Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Absorbent Glass Mat Battery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Absorbent Glass Mat Battery Historical Market: Breakup by Output Capacity (USD Billion), 2018-2023
5.    Global Absorbent Glass Mat Battery Market Forecast: Breakup by Output Capacity (USD Billion), 2024-2032
6.    Global Absorbent Glass Mat Battery Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Global Absorbent Glass Mat Battery Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Global Absorbent Glass Mat Battery Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global Absorbent Glass Mat Battery Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global Absorbent Glass Mat Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Absorbent Glass Mat Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Absorbent Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Absorbent Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Absorbent Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Absorbent Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Absorbent Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Absorbent Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Absorbent Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Absorbent Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Absorbent Glass Mat Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Absorbent Glass Mat Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Absorbent Glass Mat Battery Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 12.74 billion.

The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 20.10 billion by 2032.

The major drivers of the market include the favourable characteristics of absorbent glass mat battery and the stringent regulations regarding carbon emissions.

The key market trends include the rising number of manufacturers and the burgeoning use of renewable energy power grids.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major types of absorbent glass mat battery in the market include stationary and motive.

The different output capacities in the market are 2-6V, 6-8V, and 12V.

The significant distribution channels in the market are OEM and aftersales.

The major end uses in the market are automobile, inverters, energy sector, and marine, among others.

The key players in the global absorbent glass mat battery market are Clarios, Exide Technologies, Power Sonic Corporation, Panasonic Corporation, East Penn Manufacturing Company, Enersys, EC&D Technologies, Inc Robert Bosch GmbH, Trojan Battery Company, and Defender Industries, among others.

Analyst Review

The global absorbent glass mat battery market attained a value of USD 12.74 billion in 2023, driven by the favourable characteristics of absorbent glass mat batteries. Aided by stringent regulations and technological advancements, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5.2% to reach a value of USD 20.10 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be bifurcated into stationary and motive. Based on output capacity, the market is divided into 2-6V, 6-8V, 12V, and others. By distribution channels, the industry can be divided into OEM and aftersales. Based on end use, the industry is majorly segmented into automobile, inverters, energy sector, and marine, among others. The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Clarios, Exide Technologies, Power Sonic Corporation, Panasonic Corporation, East Penn Manufacturing Company, Enersys, C&D Technologies, Inc, Robert Bosch GmbH, Trojan Battery Company, and Defender Industries, among others. 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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