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

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 Automotive Absorbent Glass Mat (AGM) Battery Market Size And Forecast by 2031

Data Bridge Market Research analyses that the Global Automotive Absorbent Glass Mat (AGM) Battery Market which was USD 14859.37 Thousand in 2022 is expected to reach USD 23152.64 Billion by 2030 and is expected to undergo a CAGR of 5.70% during the forecast period of 2022 to 2030. Automotive Absorbent Glass Mat (AGM) Battery Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of  Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.

Global Automotive Absorbent Glass Mat (AGM) Battery Market Segmentation Analysis

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.


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 Which are the top companies operating in the Automotive Absorbent Glass Mat (AGM) Battery Market?

The “Global Automotive Absorbent Glass Mat (AGM) Battery Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Automotive Absorbent Glass Mat (AGM) Battery Market extension. This Automotive Absorbent Glass Mat (AGM) Battery Market report provides the information of the Top 10 Companies in Automotive Absorbent Glass Mat (AGM) Battery Market in the market their business strategy, financial situation etc.

**Segments**

- **By Type**: The automotive AGM battery market can be segmented by type into 12V, 48V, and others. The 12V segment is expected to dominate the market during the forecast period due to its widespread use in conventional vehicles.

- **By Vehicle Type**: Based on vehicle type, the market can be categorized into passenger vehicles, commercial vehicles, and electric vehicles. The passenger vehicles segment is anticipated to hold a significant market share owing to the increasing production and sales of passenger cars globally.

- **By Sales Channel**: The sales channel segment includes OEMs and aftermarket. The OEMs segment is projected to witness substantial growth as automakers are increasingly incorporating AGM batteries in new vehicles to meet stringent emission norms and enhance fuel efficiency.

- **By End-User**: In terms of end-user, the market can be divided into original equipment manufacturers (OEMs) and aftermarket. The OEMs segment is likely to lead the market as AGM batteries are being widely adopted by vehicle manufacturers to improve performance and reduce emissions.

**Market Players**

- **Johnson Controls**: A key player in the automotive AGM battery market, Johnson Controls offers a range of AGM batteries known for their high performance and durability, catering to the needs of various vehicle types.

- **Exide Technologies**: Another prominent player, Exide Technologies, provides automotive AGM batteries that are reliable and efficient, making them a preferred choice among consumers and vehicle manufacturers.

- **EnerSys**: EnerSys is a leading supplier of automotive AGM batteries, offering innovative solutions that enhance vehicle performance and reliability, thus contributing to its strong presence in the market.

- **East Penn Manufacturing Company**: With a focus on sustainability and technological advancements, East Penn Manufacturing Company delivers AGM batteries that meet the evolving requirements of the automotive industry, positioning it as a key player in the market.

In conclusion, the automotive AGM battery market is poised for significant growth in the coming years, driven byThe automotive AGM battery market is experiencing substantial growth opportunities across various segments due to the increasing demand for advanced battery technologies in the automotive industry. The segmentation of the market by type, including 12V, 48V, and others, highlights the dominance of the 12V segment owing to its extensive utilization in conventional vehicles. This segment's leadership is expected to continue in the forecast period as traditional vehicles continue to dominate global automotive markets.

Additionally, the segmentation by vehicle type into passenger vehicles, commercial vehicles, and electric vehicles presents a promising outlook for the passenger vehicles segment due to the rising production and sales of passenger cars worldwide. The increasing consumer preference for passenger vehicles, coupled with technological advancements in passenger car models, is driving the demand for automotive AGM batteries in this segment.

Furthermore, the sales channel segmentation into OEMs and aftermarket positions the OEMs segment for substantial growth. Automakers are increasingly incorporating AGM batteries in new vehicles to comply with stringent emission norms and enhance fuel efficiency, driving the demand for automotive AGM batteries in this sales channel. The aftermarket segment also holds potential as consumers seek battery replacement options that offer high performance and reliability for their vehicles.

Moreover, the end-user segmentation into original equipment manufacturers (OEMs) and aftermarket underscores the OEMs' leading position in the market. OEMs are at the forefront of adopting AGM batteries to enhance vehicle performance and reduce emissions, driving the market growth in this segment. As vehicle manufacturers focus on meeting environmental regulations and improving energy efficiency, the demand for automotive AGM batteries is expected to soar.

In terms of market players, Johnson Controls, Exide Technologies, EnerSys, and East Penn Manufacturing Company emerge as key players offering innovative and reliable automotive AGM batteries. Johnson Controls is known for its high-performance batteries catering to various vehicle types, while Exide Technologies' efficient AGM batteries are preferred by consumers and manufacturers. EnerSys and East Penn Manufacturing Company focus on delivering innovative solutions that enhance vehicle performance and reliability, positioning**Market Players**

- **Johnson Controls**: A key player in the automotive AGM battery market, Johnson Controls offers a range of AGM batteries known for their high performance and durability, catering to the needs of various vehicle types.

- **Exide Technologies**: Another prominent player, Exide Technologies, provides automotive AGM batteries that are reliable and efficient, making them a preferred choice among consumers and vehicle manufacturers.

- **EnerSys**: EnerSys is a leading supplier of automotive AGM batteries, offering innovative solutions that enhance vehicle performance and reliability, thus contributing to its strong presence in the market.

- **East Penn Manufacturing Company**: With a focus on sustainability and technological advancements, East Penn Manufacturing Company delivers AGM batteries that meet the evolving requirements of the automotive industry, positioning it as a key player in the market.

- **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.)**
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Research Methodology of Data bridge Market Research:

Data Bridge Market Research typically follows a comprehensive research methodology for analyzing and reporting on market trends, including the Automotive Absorbent Glass Mat (AGM) Battery Market. The research methodology generally involves the following steps:

1. Data Collection

• Primary Research: This involves conducting interviews, surveys, and direct interactions with industry experts, market participants, and key opinion leaders. Primary data is crucial for gaining insights into the market's current dynamics, trends, and growth factors.


• Secondary Research: This includes gathering data from publicly available sources like company reports, press releases, industry journals, government publications, and reputable databases. Secondary research helps in understanding the market's historical trends and the competitive landscape.

2. Market Segmentation and Data Analysis

• Segmentation: The Automotive Absorbent Glass Mat (AGM) Battery Market is segmented based on various factors such as type, application, region, and end-user. This segmentation allows for a more detailed analysis of each Automotive Absorbent Glass Mat (AGM) Battery Market segment.


• Data Analysis: Advanced analytical tools and techniques, such as SWOT analysis, PESTLE analysis, Porter’s Five Forces analysis, and regression analysis, are used to interpret the data. These tools help in identifying key market trends, growth drivers, opportunities, and challenges.

3. Market Estimation

• Top-Down and Bottom-Up Approaches: These approaches are used to estimate and validate the market size. The top-down approach involves analyzing the overall market and then narrowing it down to specific segments, while the bottom-up approach starts from individual segments and aggregates them to estimate the total market size.


• Data Triangulation: Multiple data sources are compared and analyzed to ensure the accuracy and reliability of the market estimates.

4. Validation

• Expert Validation: The findings and market estimates are validated through discussions with industry experts and key stakeholders. This step ensures that the data and insights are accurate and reflect the market reality.


• Cross-Verification: The data is cross-verified with multiple sources to ensure consistency and accuracy.

5. Report Compilation and Presentation

• Drafting the Report: Once the data analysis is complete, the findings are compiled into a comprehensive report. The report includes a detailed analysis of market trends, forecasts, competitive landscape, and strategic recommendations.


• Final Review: The report undergoes a final review to ensure that it meets the quality standards and provides valuable insights to the clients.

6. Ongoing Updates

• Continuous Monitoring: The market is continuously monitored, and the reports are updated periodically to reflect the latest market trends and developments.

This structured approach ensures that the research conducted by Data Bridge Market Research is thorough, accurate, and provides actionable insights for stakeholders in the Automotive Absorbent Glass Mat (AGM) Battery Market.

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