Global AGM Batteries For Cars Market Predicted to Reach $15.38 Billion, Expanding at 11.5% CAGR Through 2029

 Use Code ONLINE20 to Save 20% On Global Market Reports — Gain Access to Trusted Market Data, Growth Indicators, and Industry Analytics

 

 What Is the Predicted Market Size and CAGR of the AGM Batteries For Cars Market by the End of the 2029?
 The agm batteries for cars market size has grown steadily in recent years. It will grow from $12.02 billion in 2024 to $12.6 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to global supply chain developments, hybrid and electric vehicles, consumer preferences, economic factors, reliability, and durability requirements.
 
 The agm batteries for cars market size is expected to see strong growth in the next few years. It will grow to $15.38 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to the electrification of vehicles, stringent emission regulations, expansion of start-stop systems, aftermarket services and upgrades, and government incentives and support. Major trends in the forecast period include integration with advanced vehicle electronics, rapid growth in electric vehicles (EVs) and hybrids, enhanced performance and efficiency, expansion in commercial vehicle applications, and increased focus on environmental sustainability.
 
 Get your free report sample today:
 https://www.thebusinessresearchcompany.com/sample.aspx?id=16330&type=smp
 
 Which Factors Are Contributing Most to the Expansion of the AGM Batteries For Cars Market?
 Growth in electric vehicles is expected to propel the growth of the AGM batteries for cars market going forward. An electric vehicle (EV) is a car powered by an electric motor using energy stored in batteries, offering a cleaner alternative to traditional internal combustion engine vehicles. Growth in electric vehicles is due to several factors, such as growing environmental concerns, government incentives for cleaner transportation, advancements in battery technology making electric vehicles more practical, and a desire for energy independence. AGM batteries in electric vehicles provide maintenance-free operation and enhanced safety, though they have a lower energy density compared to lithium-ion batteries. For instance, in July 2023, according to the Internal Energy Agency, a France-based autonomous intergovernmental organization, over 2.3 million electric cars were sold in the first quarter of that year, a 25% increase from the same period last year. By the end of 2023, sales are expected to reach 14 million, representing a 35% year-on-year increase, with growth accelerating in the second half of the year. Therefore, growth in electric vehicles is driving the growth of the AGM batteries for cars market.
 
 Which Key Segments Are Included in the AGM Batteries For Cars Market Analysis?
 The agm batteries for carsmarket 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
 
 
 Which Future-Ready Trends Are Expected to Influence the AGM Batteries For Cars Market?
 Major companies operating in the AGM batteries for cars market are focusing on developing technologically advanced solutions, such as advanced SLI-AGM battery for automotive to address several industry demands. The advanced SLI-AGM battery is essential for automotive use, powering engine starts, lights, and accessories, and is ideal for stop-start systems and various vehicle types. For instance, in July 2024, Exide Industries Ltd, an India-based battery company, launched an advanced Absorbent Glass Mat (AGM) battery specifically designed for starting, lighting, and ignition (SLI) applications in the automotive market. This new SLI-AGM battery aims to provide better starting power, enhanced durability, and potentially longer life compared to traditional lead-acid batteries. The introduction of these AGM batteries aligns with the increasing demand from original equipment manufacturers (OEMs) for high-performance battery solutions, particularly for newer vehicles equipped with energy-saving technologies like regenerative braking. Exide is finalizing preparations for this launch, which will target both domestic and international markets, emphasizing its commitment to meeting evolving automotive battery needs.
 
 Who Are the Major Companies Operating in the AGM 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
 
 Get the detailed agm batteries for cars market report today
 https://www.thebusinessresearchcompany.com/report/agm-batteries-for-cars-global-market-report
 
 Which Region Holds the Largest Share of the AGM Batteries For Cars Market?
 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.
 
 Contact Us:
 
 The Business Research Company 
 
 https://thebusinessresearchcompany.com/ 
 
 Americas +1 310–496–7795
 Asia +44 7882 955267 & +91 8897263534
 Europe +44 7882 955267 
 
 Email: info@tbrc.info 
 
 
 Follow Us On:
 
 LinkedIn: https://in.linkedin.com/company/the-business-research-company