"Comprehensive Outlook on Executive Summary Automotive Absorbent Glass Mat (AGM) Battery Market Size and Share

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.

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Automotive Absorbent Glass Mat (AGM) Battery Market analysis report is object-oriented which is produced with the combination of a splendid industry experience, talent solutions, industry insight and most up to date tools and technology. The report also covers market overview, premium insights, key insights and company profiles in detail of the key market players. The report presents the data and information for actionable, most modern and real-time market insights which makes it easy to go for critical business decisions. Market research analysis and data in Automotive Absorbent Glass Mat (AGM) Battery Market report lends a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and Market strategies.

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Automotive Absorbent Glass Mat (AGM) Battery Industry Snapshot

Segments

- By Voltage
- 12V
- 24V
- 48V

- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Electric Vehicles

- By Distribution Channel
- OEM
- Aftermarket

Absorbent Glass Mat (AGM) batteries have been gaining significant traction in the automotive industry due to their enhanced safety features and high-performance capabilities. The global automotive AGM battery market can be segmented based on voltage, vehicle type, and distribution channel. In terms of voltage, the market is categorized into 12V, 24V, and 48V systems, catering to the diverse power requirements of vehicles. The 12V segment is expected to hold a major share in the market, driven by the widespread adoption of AGM batteries in passenger vehicles for starting, lighting, and ignition (SLI) applications. However, with the rising trend towards electric vehicles, the demand for higher voltage AGM batteries, such as 48V systems, is projected to witness significant growth over the forecast period.

When analyzing the market by vehicle type, the segmentation includes passenger vehicles, commercial vehicles, and electric vehicles. The passenger vehicles segment dominates the market, owing to the increasing production and sales of cars worldwide. Moreover, the rising demand for fuel-efficient vehicles and the stringent emission norms are driving the adoption of AGM batteries in passenger vehicles for better energy storage and power supply. Commercial vehicles, including trucks and buses, are also adopting AGM batteries to ensure reliable performance and durability, especially in harsh operating conditions. Furthermore, the electric vehicles segment is anticipated to witness substantial growth with the growing shift towards sustainable mobility solutions.

In terms of distribution channels, the market can be bifurcated into OEM and aftermarket segments. The OEM segment holds a significant share in the market, as automotive manufacturers are increasingly integrating AGM batteries in new vehicle models to meet the evolving customer demands and industry standards. On the other hand, the aftermarket segment is gaining traction due to the replacement and maintenance requirements of AGM batteries in existing vehicles. Factors such as increased vehicle age, battery wear and tear, and technological advancements in aftermarket products are fueling the growth of this segment.

Market Players

- Johnson Controls
- East Penn Manufacturing Company
- Exide Technologies
- GS Yuasa Corporation
- EnerSys
- C&D Technologies
- VARTA AG
- NorthStar Battery

For a more in-depth analysis of the Global Automotive Absorbent Glass Mat (AGM) Battery Market, please visit: The global automotive AGM battery market is experiencing significant growth driven by various factors such as the increasing demand for safe and high-performance batteries in vehicles. Market players like Johnson Controls, East Penn Manufacturing Company, Exide Technologies, GS Yuasa Corporation, EnerSys, C&D Technologies, VARTA AG, and NorthStar Battery are key contributors to the market's expansion with their innovative product offerings and wide distribution networks. These companies play a crucial role in catering to the diverse needs of customers across different segments of the automotive industry.

Looking at the segmentation by voltage, the 12V, 24V, and 48V systems cater to the varied power requirements of vehicles, with the 12V segment being the dominant choice for passenger vehicles. However, as the automotive industry moves towards electric vehicles and the need for higher voltage systems increases, the demand for 48V AGM batteries is expected to rise significantly. This shift in voltage preference reflects the industry's adaptation to technological advancements and the evolving landscape of sustainable mobility solutions.

In terms of vehicle type segmentation, passenger vehicles currently hold the largest market share, driven by the increasing production and sales of cars globally. The adoption of AGM batteries in passenger vehicles is fueled by the need for energy-efficient solutions and compliance with stringent emission regulations. Commercial vehicles, particularly trucks and buses, are also embracing AGM batteries for their reliability and durability in challenging operating environments. The electric vehicles segment is poised for substantial growth as the automotive industry transitions towards eco-friendly transportation options.

The distribution channels, namely OEM and aftermarket, each have their significance in the automotive AGM battery market. While OEMs play a crucial role in integrating AGM batteries into new vehicle models to meet consumer expectations and industry standards, the aftermarket segment is growing due to replacement and maintenance needs in existing vehicles. Factors such as aging vehicle fleets, battery degradation, and advancements in aftermarket products are driving the aftermarket segment's expansion, providing customers with a wide range of options for battery replacements and upgrades.

Overall, the global automotive AGM battery market is witnessing dynamic shifts in voltage preferences, vehicle types, and distribution channels, creating opportunities for market players to innovate and cater to the evolving needs of the automotive industry. Continuous research and development efforts, strategic partnerships, and a focus on sustainability are essential for companies to stay competitive in this rapidly evolving market landscape.

For more in-depth analysis and insights on the Global Automotive Absorbent Glass Mat (AGM) Battery Market, industry professionals and stakeholders are encouraged to explore the comprehensive report available at the provided link.The global automotive AGM battery market is witnessing a paradigm shift in the automotive industry driven by the increasing demand for safe and high-performance batteries. Market players such as Johnson Controls, East Penn Manufacturing Company, Exide Technologies, GS Yuasa Corporation, EnerSys, C&D Technologies, VARTA AG, and NorthStar Battery are at the forefront of this transformation with their innovative product offerings and extensive distribution networks. These companies are pivotal in meeting the diverse needs of customers across various segments of the automotive industry, contributing significantly to the market's expansion and evolution.

Segmentation by voltage plays a crucial role in understanding the market dynamics, with the 12V, 24V, and 48V systems addressing different power requirements of vehicles. While the 12V segment remains dominant in passenger vehicles for applications like starting, lighting, and ignition, the shift towards electric vehicles is boosting the demand for higher voltage systems like 48V AGM batteries. This changing landscape underscores the industry's response to advancements in technology and the growing emphasis on sustainable mobility solutions.

Regarding vehicle type segmentation, passenger vehicles currently occupy a prominent position in the market, driven by the global increase in car production and sales. The adoption of AGM batteries in passenger vehicles is propelled by the need for energy-efficient solutions and compliance with stringent emission standards. Commercial vehicles, especially trucks and buses, are also embracing AGM batteries for their reliability and durability in demanding operational environments. The electric vehicles segment is poised for significant growth as the automotive sector embraces eco-friendly transportation alternatives and pushes towards a greener future.

The distribution channels of OEM and aftermarket play distinct roles in serving the automotive AGM battery market. OEMs are crucial in integrating AGM batteries into new vehicle models to meet consumer expectations and industry regulations. Conversely, the aftermarket segment is witnessing growth due to the replacement and maintenance needs of existing vehicles. Factors such as aging vehicle fleets, battery degradation, and advancements in aftermarket products are propelling the aftermarket segment's expansion, offering consumers a plethora of choices for battery replacements and upgrades.

In summary, the global automotive AGM battery market is undergoing dynamic changes in voltage preferences, vehicle types, and distribution channels, presenting opportunities for market players to innovate and adapt to industry demands. Continuous research and development, strategic collaborations, and a focus on sustainability are essential for companies to thrive in this ever-evolving market landscape. Industry professionals and stakeholders are encouraged to explore the comprehensive report for more detailed insights and analysis on the Global Automotive Absorbent Glass Mat (AGM) Battery Market.

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Market Intelligence Question Sets for Automotive Absorbent Glass Mat (AGM) Battery Industry

• What does the most recent data suggest about the Automotive Absorbent Glass Mat (AGM) Battery Market size?
• How fast is this Automotive Absorbent Glass Mat (AGM) Battery Market forecasted to expand?
• What are the detailed segments covered in the Automotive Absorbent Glass Mat (AGM) Battery Market report?
• Who are the top-performing vendors in the space?
• What product introductions have shaped the Automotive Absorbent Glass Mat (AGM) Battery Market recently?
• What national-level insights are offered in the Automotive Absorbent Glass Mat (AGM) Battery Market study?
• Where is growth accelerating most significantly?
• Which country is forecasted to be the Automotive Absorbent Glass Mat (AGM) Battery Market frontrunner?
• Which regional bloc holds the highest revenue share for Automotive Absorbent Glass Mat (AGM) Battery Market?
• What country will lead with the fastest expansion rate?

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