AGM Batteries For Cars Market Trends 2025-2034: Growth, Strategic Insights, and Opportunities Ahead
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theAGM Batteries For Cars Market from 2025 to 2034?
The surge in electric vehicles is projected to fuel the expansion of the AGM batteries for cars market. An electric vehicle (EV), a car propelled by an electric motor that utilizes energy from batteries, presents a more environmentally friendly option than traditional vehicles powered by internal combustion engines. Several factors contribute to the rise in electric vehicles, including increasing environmental concerns, government incentives promoting environmentally friendly transportation, advancements in battery technology making EVs more feasible, and the aspiration for energy self-sufficiency. Despite having a lower energy density than lithium-ion batteries, AGM batteries in EVs offer a maintenance-free operation and augmented safety. For example, data from the France-based autonomous intergovernmental organization, the Internal Energy Agency, indicated that over 2.3 million EVs were sold in the first quarter of 2023, marking a 25% surge compared to the same time frame last year. It is forecasted that by the end of 2023, sales will hit 14 million, signifying a 35% increase year-on-year with expedited growth in the latter half of the year. Therefore, the ascent of electric vehicles is fuelling the expansion of the AGM batteries for cars market.
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#What is the Projected CAGR for the AGM Batteries For Cars Market Size from 2025 to 2034?
The market for AGM batteries for cars has seen impressive growth in the past few years. The market size is predicted to rise from $12.02 billion in 2024 to $12.76 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.1%. The expansion during the previous period can be credited to the improvement in global supply chains, the rise of hybrid and electric vehicles, changing consumer tastes, economic influences, and pressing needs for reliability and durability.
The market for AGM batteries in automobiles is predicted to witness substantial expansion in the coming years, reaching a value of $15.97 billion by 2029, with a CAGR of 5.8%. Contributing factors to this projected growth include the movement towards vehicle electrification, tough emission standards, the broadening of start-stop systems, post-sales services and upgrades, as well as support and incentives from the government. Trends to look out for during the forecast period include an increased interaction with advanced vehicle electronics, a surge in electric vehicles (EVs) and hybrids, improved performance and efficiency, development of commercial vehicle applications, with an intensified focus on ecological sustainability.
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How Are Market Trends and Innovations Revolutionizing theAGM Batteries For Cars Industry in Recent Times?
Leading corporations in the AGM batteries for cars market are concentrating on the creation of advanced technological solutions such as the progressive SLI-AGM battery for automobile applications to cater to various industry needs. The SLI-AGM is crucial for autos as it powers up the engine starts, lights, and accessories and is perfect for stop-start systems and different types of vehicles. For instance, Exide Industries Ltd, an India-based corporation in the battery industry, unveiled its pioneering Absorbent Glass Mat (AGM) batteries specifically engineered for starting, lighting, and ignition (SLI) applications in the automobile industry in July 2024. The recently introduced SLI-AGM battery is expected to offer better start-up power, improved longevity, and possibly an extended lifespan compared to the conventional lead-acid batteries. The arrival of these AGM batteries corresponds with the escalating demand from Original Equipment Manufacturers (OEMs) for superior battery solutions, especially for modern vehicles equipped with energy-conserving technologies like regenerative braking. Exide has been finalizing arrangements for this product launch, aiming at both local and international markets, showcasing its commitment towards catering to the evolving automobile battery requirements.
Which Key Market Players Are Shaping the Future and Growth of theAGM Batteries For Cars Market?
Major companies operating in the AGM batteries for cars market are Robert Bosch GmbH, GS Yuasa International Ltd., EnerSys, Exide Technologies, East Penn Manufacturing Company, Camel Group Co. Ltd, leoch International Technology Limited Inc, Hollingsworth and Vose, FIAMM Energy Technology S.p.A, C and D Technologies Inc., Shandong Sacred Sun Power Sources Co. ltd., CROWN BATTERY, Power Sonic Corporation, Hokuetsu Corporation, Mutlu Akü, Guangdong Dynavolt Power Technology, Universal Power Group, HOPPECKE Batterien GmbH and Co. KG, Surrette Battery’s, Fullriver Battery, Vision Group SpA, Banner Batterien, Deltra Global Private
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What Are the Core Segments of the AGM Batteries For Cars Market, and How Do They Contribute to Growth?
The AGM batteries for cars market covered in this report is segmented –
1) By Type: Stationary, Motive
2) By Vehicle Type: Passenger Cars, Electric Cars
3) By Voltage: Less Than 10 Volts, 10 Volts To 12 Volts, Above 12 Volts
4) By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
Subsegments:
1) By Stationary: Backup Power Systems For Cars, Emergency Power Supply (Eps) For Automotive Applications, Automotive Electrical Backup For Hybrid And Electric Vehicles (Evs), Power Supply For Car Audio Systems And Other In-Vehicle Electronics
2) By Motive: Starting, Lighting, And Ignition (Sli) Batteries, Electric Vehicle (Ev) Batteries, Hybrid Vehicle (Hev) Batteries, Electric Start Batteries For Motorcycles And Small Vehicles, High-Performance Agm Batteries For Motorsports And Racing Applications
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What Regions Are Dominating the AGM Batteries For Cars Market Growth?
North America was the largest region in the AGM batteries for cars market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AGM batteries for cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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