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Allied Market Research

Auto Storage Battery Market by Electric Motor (Brush motor, and Brushless motor), Application (Passenger Cars (PC), and Commercial Vehicles (CV)), Electric Vehicles (BEV, PHEV, and HEV), Type (Flooded, Enhanced Flooded, Lead Acid, Nickel–Metal Hydride (NI-MH), Lithium-Ion (Li-Ion)), Sales channel (OEMs, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10068
Pages: NA
Aug 2021 | 403 Views
 
Author(s) : NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Auto Storage Battery Market Outlook – 2027 

The auto storage battery is subjected to recycling or recovering critical energy materials from a battery for reusing in various secondary applications with a promising strategy of making productivity out of these energy materials. The electric vehicles (EV) batteries have a tough life as subjected to extreme operating temperatures, hundreds of partial cycles a year, and changing discharge rates, lithium-ion batteries in electric vehicles (EV) applications degrade strongly during the first five years of operation and are designed for approximately a decade of useful life in most cases. The economic potential for battery reuse as a second-life could help to further decrease the upfront costs of electric vehicle (EV) batteries and increase the value of a used electric vehicle (EV). The continued growth of electric vehicles has led to a question on their most expensive components, the manufacturing companies are tackling these challenges by adapting to these measures to overcome this mindset of the market. Hence, the auto storage battery growth with the increase in use of electric vehicles lead to the growth of the market during the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Service,

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Hyundai, Nissan, BMW, Daimler AG, Mercedes-Benz Energy, Beijing Electric Vehicle, Rivian, Proterra, Applied Energy, and Morris Garages

 

COVID-19 scenario analysis:

  • As the global economy is highly dependent on the automotive industry but due to completely shut down it has tremendously affected the automobile industry.
  • The global automobile sector has faced the most challenges while the COVID-19 as their production houses are shut, their inventories are overflowing and the demand is vanished out of the market.
  • Automobile makers especially rely on China and other developed countries near them, for the supply of several raw materials and basic parts, as the supply chain is broken from these countries it has majorly affected the market of various economies.
  • The supply chain has been broken for a very long while now due to lockdown and the demand is completely vanished out of the market which will take a very long time to revive back again.
  • With a large amount of attention devoted to the electric vehicle, deriving the real market prospects and opportunities can be difficult in the pandemic.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Regulatory push toward efficient technologies and global measures by original equipment manufacturer (OEM) to increase the customer's preference toward electric vehicles (EV) is expected to boost the growth of the market during the forecast period. However, the higher cost of eps as compared to traditional steering systems and lack of steering feel restrain the growth of the market. Furthermore, penetration in commercial vehicles and enabling advanced driver-assistance systems (ADAS) features in eps create new opportunities for the market growth.

The second life electric vehicle battery market trends are as follows:

The regulatory push toward efficient technologies 

The manufacturing companies are regularly innovating advanced techniques to enhance customer's luxury in their automobile vehicles. Efficient technology is attributed to the rise in vehicle production and sales in developing economies such as China and India. In addition, the safety and security feature has been taking into consideration as there is an increase in number of accidents. Hence, companies are adapting a better safety system which further boosts the growth of the second-life electric vehicle battery market during the forecast period.

Global measures by OEMs to increase the customer's preference for electric vehicles (EV)

The automobile manufacturers are incorporating several systems in vehicles that attract the attention of more customers by advancing their design or implementing new strategies for the vehicles. Advanced features are no longer restricted to premium vehicles. Consumers are now concerned about the afterlife, reselling of the vehicle, and technological advancement, and therefore, they are interested in opting for vehicles that are equipped with better resources. This is anticipated to boost the market growth during the forecast period.

Key segments covered:              

Segments

Sub-segments

  Electric Motor

  • Brush motor
  • Brushless motor

  Application

  • Passenger Cars (PC)
  • Commercial Vehicles (CV)

  Electric vehicle

  • BEV
  • PHEV
  • HEV

  Type

  • Flooded
  • Enhanced Flooded
  • Lead Acid
  • Nickel–Metal Hydride (NI-MH)
  • Lithium-Ion (Li-Ion)

  Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Key benefits of the report:

  • This study presents the analytical depiction of the auto storage battery market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the auto storage battery market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the auto storage battery market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed auto storage battery market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the auto storage battery market research report:

  • What are the leading market players active in the auto storage battery market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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