PUBLISHER: The Business Research Company | PRODUCT CODE: 1702700
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702700
Absorbent glass mat (AGM) batteries for cars are a type of sealed lead-acid battery designed with glass mat separators to absorb and hold electrolyte solutions. They offer superior performance compared to traditional flooded lead-acid batteries, with benefits including maintenance-free operation, enhanced durability, and resistance to vibration and deep discharge.
AGM batteries for automobiles are divided into two primary categories, stationary and motive. Stationary AGM batteries utilize AGM technology to provide maintenance-free, long-term power storage for applications that do not require frequent movement. Passenger cars and electric vehicles are among the vehicle types that utilize AGM batteries, categorized by voltage ranges, less than 10 volts, 10 to 12 volts, and above 12 volts. These batteries are distributed through various channels, including OEM (original equipment manufacturer) and aftermarket sales.
The AGM batteries for cars market research report is one of a series of new reports from The Business Research Company that provides AGM batteries for cars market statistics, including AGM batteries for cars industry global market size, regional shares, competitors with a AGM batteries for cars market share, detailed AGM batteries for cars market segments, market trends and opportunities, and any further data you may need to thrive in the AGM batteries for cars industry. This AGM batteries for cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The AGM batteries for cars market size has grown strongly in recent years. It will grow from $12.02 billion in 2024 to $12.76 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. 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 $15.97 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. 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.
The growth of electric vehicles is expected to drive the expansion of the AGM batteries for cars market in the coming years. Electric vehicles (EVs) utilize electric motors powered by battery-stored energy, offering a cleaner alternative to traditional internal combustion engine vehicles. This growth is spurred by various factors, including increasing environmental concerns, government incentives promoting cleaner transportation, advancements in battery technology making EVs more practical, and a desire for energy independence. AGM batteries in EVs offer maintenance-free operation and improved safety, although they have lower energy density compared to lithium-ion batteries. In July 2023, the International Energy Agency reported that over 2.3 million electric cars were sold in the first quarter of that year, marking a 25% increase from the previous year. Sales are projected to reach 14 million by the end of 2023, representing a 35% year-on-year increase, with growth accelerating in the latter part of the year. This surge in electric vehicle adoption is a key driver of the AGM batteries for cars market growth.
Major companies in the AGM batteries for cars market are focusing on developing advanced solutions, such as the innovative SLI-AGM battery for automotive applications, to meet various industry demands. The advanced SLI-AGM battery plays a crucial role in automotive use by powering engine starts, lights, and accessories, and is especially suitable for stop-start systems and a variety of vehicle types. For example, in July 2024, Exide Industries Ltd, an India-based battery manufacturer, launched a new Absorbent Glass Mat (AGM) battery tailored for starting, lighting, and ignition (SLI) applications in the automotive sector. This new SLI-AGM battery is designed to offer superior starting power, increased durability, and potentially a longer lifespan compared to traditional lead-acid batteries. The launch of these AGM batteries aligns with the growing demand from original equipment manufacturers (OEMs) for high-performance battery solutions, particularly in newer vehicles with energy-efficient technologies like regenerative braking. Exide is finalizing preparations for this launch, targeting both domestic and international markets and demonstrating its commitment to meeting the evolving needs of the automotive battery industry.
In May 2024, Energy Products Inc., a US-based battery distribution company, acquired Reliable Batteries Inc. for an undisclosed amount. The goal of this acquisition is to enhance Energy Products Inc.'s distribution network by utilizing Reliable Batteries Inc.'s logistics capabilities and expanding its customer base. This strategic move is expected to improve market competitiveness, streamline operations, and optimize service delivery. Reliable Batteries Inc. is a US-based company specializing in manufacturing and distributing battery solutions, including AGM batteries for automotive applications.
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 Aku, 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
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.
The countries covered in the AGM batteries for cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The AGM batteries for cars market consists of sales of starting AGM batteries, deep cycle AGM batteries, dual-purpose AGM batteries, and enhanced flooded battery (EFB) batteries. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
AGM Batteries For Cars Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on agm batteries for cars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for agm batteries for cars ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The agm batteries for cars market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.