Zion Market Research Global Automotive Battery Market, 2015–2021 | Page 3

Automotive Battery Market
passenger and commercial vehicles. All the above-mentioned factors are setting up the market for
electric vehicles, which in turn results in a growth of the global automotive battery market.
On the basis of battery type, the automotive battery market is segmented as lead acid batteries,
lithium ion batteries, nickel metal hybrid batteries, and others. Further, the market is segmented based
on the vehicle type as electric bikes, hybrid cars, electric cars, and others. On the basis of application,
the market can be segmented as two/three wheeler’s battery, car and light van’s battery, heavy motor
vehicles’ battery, and others.
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battery-market
North America dominates the global market followed by Europe and Asia-Pacific. Automotive
battery market is anticipated to witness moderate but steady growth in the near future. The highest
growth rate is observed in Asia Pacific and is expected to rise in the coming years. China, on the
other hand, ranks as the fastest growing automotive battery market owing to the high demand for
commercial and passenger vehicles in the region. In addition, the new trend of vehicles with latest
features will be largely observed in Europe along with the U.S. and China. Increasing demands from
other Asian countries such as India, Malaysia, Thailand, and the Philippines further impacts the
global market growth in a positive way.