Automotive Absorbent Glass Mat (AGM) Battery Market Growth: Share, Value, Size, Analysis, and Trends

"Executive Summary Automotive Absorbent Glass Mat (AGM) Battery Market :

 Data Bridge Market Research analyses that the automotive absorbent glass mat (AGM) battery market was valued at USD 14859.37 million in 2022 and is expected to reach the value of USD 23152.64 million by 2030, at a CAGR of 5.70% during the forecast period.

This global Automotive Absorbent Glass Mat (AGM) Battery Market report is comprehensive and opens a door of international market for the products. Client’s needs are understood well by experts leveraging their expertise and strong knowledge base to identify and evaluate competition and chalk out strategic programs, with short-term goals and long-term objectives. This global market report offers research and consulting services focused on achieving competitive leverage, with acquiring and preserving market position as key aims of the program. This Automotive Absorbent Glass Mat (AGM) Battery Market report provides fact-based and penetrating insights from the customers. These insights are often critical to key business processes such as product planning, new product development, distribution route planning and sales force development.

What is more, a clear understanding of the products, services and business model is obtained while forming this Automotive Absorbent Glass Mat (AGM) Battery Market report. Extensive research is also carried out, that also involves exhaustive primary interviews with key customers, understanding their preferences and unmet needs. All the data of research and analysis are mapped in an actionable model, with strategic recommendations from the experts. Thorough insights into emerging trends, opportunities and potential threats are offered via this report as it is the key to long-term sustenance in a competitive environment. This global Automotive Absorbent Glass Mat (AGM) Battery Market report surely helps harness the maximum value of your investment.

Discover the latest trends, growth opportunities, and strategic insights in our comprehensive Automotive Absorbent Glass Mat (AGM) Battery Market report. Download Full Report: https://www.databridgemarketresearch.com/reports/global-automotive-absorbent-glass-mat-agm-battery-market

Automotive Absorbent Glass Mat (AGM) Battery Market Overview

**Segments**

- **By Type**: The global automotive AGM battery market can be segmented by type into 12V, 24V, 36V, and 48V AGM batteries. The 12V AGM batteries are the most commonly used type in vehicles, especially in passenger cars and light commercial vehicles. The demand for 24V, 36V, and 48V AGM batteries is increasing due to the growing adoption of electric vehicles and the need for higher power output.

- **By Vehicle Type**: Segmentation by vehicle type includes passenger cars, commercial vehicles, electric vehicles, and hybrid vehicles. Passenger cars account for a significant share in the market due to the large volume of production and sales globally. However, the adoption of AGM batteries in commercial vehicles, electric vehicles, and hybrid vehicles is expected to witness substantial growth in the forecast period.

- **By Distribution Channel**: This segment includes OEMs (Original Equipment Manufacturers) and aftermarket. OEMs are the major distribution channel for automotive AGM batteries as they are directly installed in new vehicles during the manufacturing process. The aftermarket segment is also growing due to the replacement market and increasing demand for AGM batteries as a result of vehicle aging.

**Market Players**

- **Johnson Controls**: One of the leading players in the global automotive AGM battery market, Johnson Controls offers a wide range of AGM batteries known for their high performance and reliability. The company focuses on continuous innovation and technological advancements to meet the evolving needs of the automotive industry.

- **Exide Technologies**: Exide Technologies is another prominent player that manufactures automotive AGM batteries with advanced features such as enhanced durability and longer service life. The company has a strong presence in key markets worldwide and invests in research and development to stay competitive in the market.

- **EnerSys**: EnerSys is a key player in the automotive AGM battery market, offering AGM batteries tailored for various vehicle applications. The company's focus on sustainability and eco-friendly solutions has helped it gain a competitive edge in the market.

- **East Penn Manufacturing**: East Penn Manufacturing is known for its high-quality automotive AGM batteries that cater to different vehicle types and performance requirements. The company emphasizes product quality and customer satisfaction, driving its growth in the market.

- **GS Yuasa Corporation**: GS Yuasa Corporation is a global player in the automotive AGM battery market, providing AGM batteries with cutting-edge technology and superior energy efficiency. The company's commitment to innovation and customer-centric approach positions it as a key player in the market.

For more detailed insights and comprehensive analysis of the Global Automotive Absorbent Glass Mat (AGM) Battery Market, visit .The global automotive AGM battery market is witnessing significant growth driven by several key factors. One of the primary growth drivers is the increasing demand for electric vehicles (EVs) and hybrid vehicles, which require advanced battery technology for optimal performance. AGM batteries are preferred for these vehicles due to their higher power output, longer service life, and enhanced durability compared to traditional lead-acid batteries. As governments worldwide impose stricter emission regulations and consumers shift towards eco-friendly transportation solutions, the adoption of EVs and hybrid vehicles is expected to propel the demand for automotive AGM batteries in the coming years.

Moreover, technological advancements and innovations in AGM battery manufacturing are further boosting market growth. Market players are investing in research and development to improve battery efficiency, energy storage capacity, and overall performance. These advancements are not only driving the adoption of AGM batteries in electric and hybrid vehicles but also in traditional internal combustion engine vehicles where the demand for enhanced battery reliability and longevity is increasing.

The segmentation of the market by type and vehicle type provides valuable insights into the specific needs and preferences of different customer segments. For instance, the 12V AGM batteries are widely used in passenger cars and light commercial vehicles due to their compatibility and reliability. On the other hand, the increasing adoption of 24V, 36V, and 48V AGM batteries in electric vehicles indicates a shift towards higher voltage systems to meet the power requirements of advanced electric propulsion systems.

The distribution channel segmentation between OEMs and the aftermarket highlights the dual nature of the automotive AGM battery market. While OEMs account for a significant portion of the market share due to the direct installation of batteries in new vehicles, the aftermarket segment is gaining traction thanks to the replacement market and the need for battery upgrades in existing vehicles. This dual-channel approach allows market players to cater to both new vehicle production and the replacement market, providing a diverse range of opportunities for growth and expansion.

In conclusion, the global automotive AGM battery market is poised for substantial growth driven by the increasing demand for electric and hybrid vehicles, technological advancements in battery manufacturing, and the expanding aftermarket segment. Market players such as Johnson Controls, Exide Technologies, EnerSys, East Penn Manufacturing, and GS Yuasa Corporation are at the forefront of innovation, offering high-quality AGM batteries tailored to meet the evolving needs of the automotive industry. With a focus on sustainability, performance, and customer satisfaction, these companies are well-positioned to capitalize on the growing market opportunities and maintain their competitive edge in the global automotive AGM battery market.The global automotive AGM battery market is experiencing robust growth propelled by various key factors that are shaping the industry landscape. The increasing demand for electric vehicles (EVs) and hybrid vehicles is a pivotal driver of market expansion. As the automotive sector transitions towards more sustainable and eco-friendly transportation solutions, the need for advanced battery technologies like AGM batteries is on the rise. AGM batteries offer superior power output, longer lifespan, and enhanced durability compared to conventional lead-acid batteries, making them a preferred choice for EVs and hybrids. With stringent emission regulations in place globally and consumers gravitating towards environmentally conscious mobility options, the market for automotive AGM batteries is set for continuous growth in the foreseeable future.

Furthermore, the continuous emphasis on technological advancements and innovations in AGM battery manufacturing is catalyzing market growth. Industry players are heavily investing in research and development endeavors to enhance battery efficiency, storage capacity, and overall performance. These advancements not only drive the adoption of AGM batteries in electric and hybrid vehicles but also in traditional internal combustion engine vehicles where the demand for reliable and long-lasting batteries is on the upsurge. The competitive landscape is witnessing a wave of innovation, with companies focusing on developing cutting-edge solutions to meet the evolving requirements of the automotive industry.

Segmentation plays a crucial role in understanding the market dynamics and catering to diverse customer needs effectively. By segmenting the market based on type and vehicle type, key insights are unearthed regarding the specific demands of distinct customer segments. The utilization of 12V AGM batteries in passenger cars and light commercial vehicles due to their reliability and compatibility elucidates the prevailing market trends. With the uptick in the adoption of higher voltage AGM batteries like 24V, 36V, and 48V in electric vehicles, a clear shift towards advanced power systems is evident to meet the requirements of modern electric propulsion technologies.

The distribution channel segmentation sheds light on the dual nature of the automotive AGM battery market, emphasizing the significance of both OEMs and the aftermarket. While OEMs dominate a substantial market share by supplying batteries for new vehicle installations, the aftermarket segment is gaining traction owing to replacement demands and the need for battery upgrades in existing vehicles. This dual-channel approach presents a plethora of growth opportunities for market players to cater to both new vehicle production requirements and aftermarket consumer needs comprehensively.

In conclusion, the global automotive AGM battery market is on a growth trajectory underpinned by factors such as the surge in electric and hybrid vehicle adoption, technological innovations driving battery performance enhancements, and the expanding aftermarket segment. Leading players in the market such as Johnson Controls, Exide Technologies, EnerSys, East Penn Manufacturing, and GS Yuasa Corporation are strategically positioned to capitalize on the evolving market trends. By prioritizing sustainability, performance, and customer satisfaction, these market players are poised to leverage the burgeoning opportunities and maintain their competitive position in the dynamic landscape of the global automotive AGM battery market.

The Automotive Absorbent Glass Mat (AGM) Battery Market is highly fragmented, featuring intense competition among both global and regional players striving for market share. To explore how global trends are shaping the future of the top 10 companies in the keyword market.

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What insights readers can gather from the Automotive Absorbent Glass Mat (AGM) Battery Market report?

• Learn the behavior pattern of every Automotive Absorbent Glass Mat (AGM) Battery Market-product launches, expansions, collaborations and acquisitions in the market currently.
• Examine and study the progress outlook of the global Automotive Absorbent Glass Mat (AGM) Battery Marketlandscape, which includes, revenue, production & consumption and historical & forecast.
• Understand important drivers, restraints, opportunities and trends (DROT Analysis).
• Important trends, such as carbon footprint, R&D developments, prototype technologies, and globalization.

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