Global Automotive Absorbent Glass Mat (AGM) Battery Market – Industry Trends and Forecast to 2030

Global Automotive Absorbent Glass Mat (AGM) Battery Market, By Voltage (2–4 V, 6–8 V, 12 V and Above), Type (Stationary, Motive), Application (Passenger Vehicle, Motorcycle, Others), End User (Original Equipment Manufacturers (OEMs), Aftermarket) – Industry Trends and Forecast to 2030.

Automotive Absorbent Glass Mat (AGM) Battery Market Analysis and Size

Automotive absorbent glass mat (AGM) batteries are the preferred solution for start-stop vehicle technology, rapidly gaining popularity in the U.S. and Europe vehicles market. Start-stop vehicle technology automatically closes the engine when your vehicle stops and restarts it quietly and quickly when the brake pedal is released and the clutch is engaged. Moreover, automotive absorbent glass mat (AGM) battery is becoming the best choice in automotive sector due to superior charge acceptance, cycling capability and the ability to operate at a low state of charge.

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. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Automotive Absorbent Glass Mat (AGM) Battery Market Scope and Segmentation

Market Definition

The automotive absorbent glass mat (AGM) battery is an advanced lead-acid battery thatThe automotive absorbent glass mat (AGM) battery is an advanced lead-acid battery that offers superior power and supports the higher electrical demands of today’s vehicles. Automotive absorbent glass mat (AGM) batteries are highly resistant to vibration and are non-spillable, totally sealed, and maintenance-free. These batteries also provide better cycling performance, minimal acid leakage and gassing as compared to conventional lead-acid batteries in automotive.

Automotive Absorbent Glass Mat (AGM) Battery Market Dynamics

Drivers

• Increasing usage of automotive absorbent glass mat (AGM) battery due to multiple advantages

Longer battery life, start-stop applications, high electrical loads, vibration resistance, quick recharge, and long lifecycle are some of the major advantages of automotive absorbent glass mat (AGM) battery which are expected to drive the growth rate of the market. Automotive absorbent glass mat (AGM) batteries are also maintenance-free, non-spillable, and designed for tough conditions and harsh climates.

• Increasing demand of automotive absorbent glass mat (AGM) battery for advanced and high-end fuel-efficient vehicles

Automotive absorbent glass mat (AGM) batteries are a great premium choice for advanced and high-end fuel-efficient vehicles with maximum power and electronic features such as heated seats, DVD players, GPS and audio systems. Growing adoption of high-performance engine starter batteries in high-end fuel-efficient vehicles and a rise in demand of renewable energy will lead to the growth of the automotive absorbent glass mat (AGM) battery market.

Opportunities

• Strict regulations related to carbon emissions

Government initiatives and policies for implementing strict rules and regulations related to emission of carbon are anticipated to increase the growth of the automotive absorbent glass mat (AGM) battery market and create lucrative opportunities for market players. For instance, The U.S. Department of Energy (DOE) issued two notices in February 2022 to provide US$ 2.91 Billion. With this notice, increase the manufacture of the advanced batteries that are rapidly developing clean energy industries in upcoming future, including electric vehicles.

• Surging usage of automotive absorbent glass mat (AGM) batteries to maintaining performance of vehicles

Automotive absorbent glass mat (AGM) batteries are normally found in supercars and other superior vehicles to power-hungry power extras such as steering wheels, heated seats, mirrors and windshields. For instance, NASCAR and other auto racing leagues use absorbent glass mat products due to their vibration resistant property. Furthermore, these batteries also help decrease weight while maintaining performance, eliminate acid spillage in the event of an accident, and allow installation at awkward angles.

Restraints

• Issues associated with automotive absorbent glass mat (AGM) battery

Growing issues related to security coupled with an inclination toward other effective options in the energy storage space are expected to act as major restraints factor for the market's growth during the forecast period. Furthermore, growth of electric vehicles with lower specific energy than other batteries will become the foremost and biggest challenge for the market growth.

This automotive absorbent glass mat (AGM) battery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive absorbent glass mat (AGM) battery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In December 2021-Clarios which is a producer ofcar batteries will showcase smart enry storage technology named smart AGM technology. This will monitor real time performance and provide continuous low voltage to increase vehicle performance.
• In October 2021, The world largest single side lead acid battery  manufacturing company East penn announced the deka HRC battery. This is a new and advanced technology line .

Global Automotive Absorbent Glass Mat (AGM) Battery Market Scope

The automotive absorbent glass mat (AGM) battery market is segmented based on the voltage, type, application and end user . The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Voltage

• 2–4 V
• 6–8 V
• 12 V
• Above

 Type

• Stationary
• Motive

Application

• Passenger Vehicle
• Motorcycle
• Others

End User

• Original Equipment Manufacturers (OEMs)
• Aftermarket

Automotive Absorbent Glass Mat (AGM) Battery Market Regional Analysis/Insights

The automotive absorbent glass mat (AGM) battery market is analyzed and market size insights and trends are provided by country, voltage, type, application and end user as referenced above.

The countries covered in the automotive absorbent glass mat (AGM) battery market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the automotive absorbent glass mat (AGM) battery market in revenue growth owing to the high degree of environmental awareness coupled with the implementation of strict government rules in this region.

Asia-Pacific is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly due to the growth of manufacturing facilities of batteries, increasing demand for advanced technology products and rapid industrialization in this region.

 The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Absorbent Glass Mat (AGM) Battery Market Share Analysis

The automotive absorbent glass mat (AGM) battery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive absorbent glass mat (AGM) battery market.

Some of the major players operating in the automotive absorbent glass mat (AGM) battery market are:

• Banner (Austria)
• DYNAVOLT Power (China)
• Tianneng rechargeable battery manufacturers (China)
• leoch International Technology Limited Inc, (China)
• Manbat Ltd T/A SYBS (U.S.)
• ENERSYS. (U.S.)
• Chaowei Power Holdings Ltd (China)
• KOYO BATTERY CO., LTD (China)
• Robert Bosch GmbH (Germany)
• GS Yuasa International Ltd (Japan)
• EXIDE INDUSTRIES LTD (India)
• Battery Tender (U.S.)
• Camel Group Co., Ltd (China)
• Reem Batteries & Power Appliances Co. SAOC (Dubai)
• Saft (France)
• C&D TECHNOLOGIES, INC. (U.S.)