What is Batteries for Commercial Vehicle?
The battery is one of the most essential aspects, as it is responsible for starting the engine and ensuring the proper operation of all electrical systems. Commercial vehicles, such as buses, trucks, and tractors, necessitate heavy-duty batteries due to their use in harsh operating conditions that place special demands on batteries. A commercial vehicle is any vehicle that is used to transport goods or paying passengers. Heavy commercial vehicles require heavy-duty batteries to meet their various needs and functions. A battery is a self-contained power source that generates electricity. Commercial vehicles require higher capacity and cold start current values. These parameters exceed those of passenger car batteries. As a result, commercial vehicle batteries have a number of unique characteristics that set them apart from passenger car batteries.
The market study is broken down by Type (Flooded Electrolyte Battery, Absorbed Glass Mat (AGM) Battery and Thin Plate Pure Lead (TPPL) AGM Battery), by Application (Heavy Commercial Vehicle and Light Commercial Vehicle) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Batteries for Commercial Vehicle market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Exide Technologies (United States), Varta (Germany), Bosch (Germany), Caterpillar (United States), Johnson Controls (Ireland), GS Yuasa (Japan), Leoch Battery Corporation (United States), Sebang Batteries Europe GmbH (Germany), Amara Raja Batteries (India) and ATLASBX (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nipress (Indonesia), Furukawa Battery (Japan), Trojan Battery Company (United States), Superior Battery (United States) and Battrixx (India).
AdvanceMarketAnalytics has segmented the market of Global Batteries for Commercial Vehicle market by Type, Application and Region.
On the basis of geography, the market of Batteries for Commercial Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Batteries for Commercial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Capacity, the sub-segment i.e. 75 Ah will boost the Batteries for Commercial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Technology, the sub-segment i.e. Lead-acid SLI will boost the Batteries for Commercial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6 May 2021, Leoch, one of the largest battery manufacturers in the world, listed on the Hong Kong stock exchange (stock code 842), has acquired a leading Madrid-based battery distribution business to grow its European operations in Spain and Portugal.
On 4 May 2021, Exide Technologies a leading provider of stored electrical energy solutions, is updating its Exide Premium range with a modern new black design with new recycled components for reduced environmental impact. The change will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of crude oil in Exide’s manufacturing each year. and On 10 March 2022, Exide Industries has reached an agreement with Chinese company SVOLT Energy Technology Co. Ltd. for a multi-year technological partnership (SVOLT) to make lithium-ion batteries for electric vehicles (EVs).
- Increase Funds For R&D Activities In The Commercial Vehicle Batteries
- Increasing Sales Of Commercial Vehicles
- Surge In Demand For Electric Commercial Vehicles In The Region
- Growth In Automobile Sector In Developing Countries
- Numerous Advantages Associated Commercial Vehicle Batteries
- Such Longer life, Proven reliability
- High Prevalence Of Substitutes
- Potential Safety Issues In Vehicle Batteries
- Risk Of Low-Quality Batteries In The Market Leading To Several Problems
- High-Cost Production Of Batteries
- High Competition Among Key Players
Key Target AudienceBatteries for Commercial Vehicle Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Exide Technologies (United States), Varta (Germany), Bosch (Germany), Caterpillar (United States), Johnson Controls (Ireland), GS Yuasa (Japan), Leoch Battery Corporation (United States), Sebang Batteries Europe GmbH (Germany), Amara Raja Batteries (India) and ATLASBX (South Korea) etc.
2. Can we have customized study for Batteries for Commercial Vehicle Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Batteries for Commercial Vehicle Market by 2027?
Analysts at AMA estimates Batteries for Commercial Vehicle Market to reach USD Million by 2027.