Reports
Global Light Vehicle Batteries Market: By Application: ICEV, EV, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments
Global Light Vehicle Batteries Market Outlook
The global light vehicle batteries market is expected to grow at a CAGR of 9% during the forecast period of 2023-2028.
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Light car batteries are rechargeable batteries used in light internal combustion engine cars (ICEVs) to start lighting and ignition applications and for energy propulsion in light electric vehicles (EVs). The light vehicle batteries market is being driven by the rising sales of electric vehicles.
Market Segmentation
The light vehicle batteries industry can be segmented into applications and regions.
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Based on its application, the light vehicle batteries market can be segmented as:
- ICEV
- EV
- Others
The EMR report looks into the regional markets of light vehicle batteries like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
Factors such as the rising global passenger car manufacturing and light commercial vehicles will play an essential part in maintaining the market position in the inner combustion engine vehicle (ICEV) segment. The stringent legislation on automotive CHG emissions, increasing urbanization, and decreasing Li-ion battery prices are expected to propel the industry further forward. However, the widening the disparity between lithium demand and supply, strict legislation against lead emissions, and the absence of EV charging facilities can hamper the development of the light vehicle batteries market over the forecast time.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global light vehicle batteries market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- A123 Systems LLC
- East Penn Manufacturing Co. Inc.
- GS Yuasa Corp.
- LG Chem Ltd. (OTCMKTS: LGCLF)
- Samsung SDI Co. Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | ICEV, EV, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | A123 Systems LLC, East Penn Manufacturing Co. Inc., GS Yuasa Corp. (TYO: 6674), LG Chem Ltd. (KRX: 051910), Samsung SDI Co. Ltd. (KRX: 006400), 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Light Vehicle Batteries Market Analysis
8.1 Key Industry Highlights
8.2 Global Light Vehicle Batteries Historical Market (2018-2022)
8.3 Global Light Vehicle Batteries Market Forecast (2023-2028)
8.4 Global Light Vehicle Batteries Market by Application
8.4.1 ICEV
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 EV
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Others
8.5 Global Light Vehicle Batteries Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Light Vehicle Batteries Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Light Vehicle Batteries Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Light Vehicle Batteries Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Light Vehicle Batteries Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Light Vehicle Batteries Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 A123 Systems, LLC
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 East Penn Manufacturing Company
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 GS Yuasa Corporation (TYO: 6674)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 LG Energy Solution
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Samsung SDI Co. Ltd. (KRX: 006400)
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Light Vehicle Batteries Market: Key Industry Highlights, 2018 and 2028
2. Global Light Vehicle Batteries Historical Market: Breakup by Application (USD Million), 2018-2022
3. Global Light Vehicle Batteries Market Forecast: Breakup by Application (USD Million), 2023-2028
4. Global Light Vehicle Batteries Historical Market: Breakup by Region (USD Million), 2018-2022
5. Global Light Vehicle Batteries Market Forecast: Breakup by Region (USD Million), 2023-2028
6. North America Light Vehicle Batteries Historical Market: Breakup by Country (USD Million), 2018-2022
7. North America Light Vehicle Batteries Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Europe Light Vehicle Batteries Historical Market: Breakup by Country (USD Million), 2018-2022
9. Europe Light Vehicle Batteries Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Asia Pacific Light Vehicle Batteries Historical Market: Breakup by Country (USD Million), 2018-2022
11. Asia Pacific Light Vehicle Batteries Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Latin America Light Vehicle Batteries Historical Market: Breakup by Country (USD Million), 2018-2022
13. Latin America Light Vehicle Batteries Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Middle East and Africa Light Vehicle Batteries Historical Market: Breakup by Country (USD Million), 2018-2022
15. Middle East and Africa Light Vehicle Batteries Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Global Light Vehicle Batteries Market Structure
Key Questions Answered in the Report
The global light vehicle batteries market is projected to grow at a CAGR of nearly 9% in the forecast period of 2023-2028.
The major drivers of the industry include rising disposable incomes, increasing population, growing sales of electric vehicles, and the reducing Li-ion battery prices.
The strict legislation on automotive CHG emissions is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading application segments of the product include ICEV and EV, among others.
The leading players in the market are A123 Systems LLC, East Penn Manufacturing Co. Inc., GS Yuasa Corp., LG Chem Ltd., and Samsung SDI Co. Ltd., among others.
Analyst Review
The global light vehicle batteries market is majorly being driven by the rising sales of electric vehicles. Aided by the declining Li-ion battery prices, the industry is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 9% in the forecast period of 2023 and 2028.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on applications, the market can be segmented into ICEV and EV, among others. The major regional markets for light vehicle batteries are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include A123 Systems LLC, East Penn Manufacturing Co. Inc., GS Yuasa Corp., LG Chem Ltd., and Samsung SDI Co. Ltd., 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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