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Global IC Engine Battery Market Size Study & Forecast, by Engine Type (Gasoline, Diesel, and Alternate Fuels), By Battery Type (Lithium-ion, Lead-acid, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Analysis, 2023-2030

April 2024 | 200 pages | ID: G5AD76C1363AEN
Bizwit Research & Consulting LLP

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Global IC Engine Battery Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. An IC Engine Battery, short for Internal Combustion Engine Battery, is a type of battery used to power the electrical systems in vehicles equipped with internal combustion engines. These batteries provide the necessary electrical energy to start the engine, and power accessories such as lights, radio, air conditioning, and other electronic components in the vehicle. IC engine batteries are typically lead-acid batteries, although newer vehicles may use advanced battery technologies like lithium-ion batteries. They help in ensuring the proper functioning of a vehicle's electrical system and are rechargeable to maintain their energy supply over time. The global rise in transportation demand is driving the IC Engine Battery Market. This surge is fueled by the rapid expansion of road infrastructure, leading to increased adoption of various types of batteries in vehicles such as Lead-Acid, Lithium-Ion, and Nickel-Metal Hydride cells. Among these, Lithium-Ion batteries are gaining high traction due to their lightweight nature and faster charging capabilities, which, in turn, exhibiting a positive influence on the growth of the Global IC Engine Battery Market.

Along with this, the growth in global automotive production and sales is a major driver of the IC engine battery market. As the number of vehicles on the road increases, accordingly, the demand for batteries to power their electrical systems. According to data from the International Organization of Motor Vehicle Manufacturers, the global production of commercial vehicles reached around 21.78 million units in 2020, and passenger cars accounted for approximately 55.83 million units. In 2021, these figures increased to about 23.09 million units for commercial vehicles and 57.05 million units for passenger cars globally. Thus, these aforementioned factors are propelling the growth of the IC Engine Battery Market during the estimated period. Moreover, the increasing advancements in automotive technology, as well as the rising shift towards optimized batteries present various lucrative opportunities over the forecast years. However, the high adoption of electric vehicles (EVs) and the evolving regulations and standards related to emissions are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global IC Engine Battery Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the significant fleet of internal combustion engine vehicles, rapid urbanization, and the rising demand for replacement batteries and aftermarket battery services. This region encompasses diverse vehicle segments, ranging from small cars to heavy-duty trucks and buses, each with unique battery requirements, creating a wide market for various types of IC engine batteries. In certain countries within the region, the initial cost of purchasing electric vehicles surpasses that of traditional IC engine vehicles. Consequently, cost-conscious consumers continue to prefer IC engine vehicles, driving sustained demand for IC engine batteries. With major automotive markets like China, India, Japan, and South Korea, the Asia Pacific region presents one of the largest and fastest-growing markets for vehicles, thus constituting a substantial market for IC engine batteries. Whereas Europe is expected to grow at the highest CAGR over the forecast years. The surge in demand for electric start systems, ongoing advancements in battery technology, as well as rising expansion and modernization of the automotive sector are significantly propelling the market demand across the region.

Major market players included in this report are:

Exide Industries Limited

Panasonic Corporation

Robert Bosch GmbH

Hitachi Group

A123 Systems, Inc.

Samsung SDI Co., Ltd.

BYD Company Limited

LG Chem Ltd.

GS Yuasa Corporation

Contemporary Amperex Technology Co., Limited (CATL)

Recent Developments in the Market:
  • In March 2022, Exide Technologies and Shenyang Dongbei Storage Battery Company established a joint venture aimed at mass-producing automotive batteries in the Chinese market.
  • In May 2021, Daimler Truck AG and CATL expanded their global strategic partnership to develop advanced next-generation batteries.
  • In December 2021, Toyota disclosed a USD 1.3 billion investment for the creation of a battery manufacturing facility in North Carolina, projected to produce lithium-ion batteries for 800,000 vehicles.
Global IC Engine Battery Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Engine Type, Battery Type, Vehicle type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent to up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Engine Type:

Gasoline

Diesel

Alternate fuels

By Battery Type:

Lithium Ion

Lead acid

Others

By Vehicle type:

Passenger Cars

Commercial Vehicles

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. IC Engine Battery Market, by Region, 2020-2030 (USD Billion)
  1.2.2. IC Engine Battery Market, by Engine Type, 2020-2030 (USD Billion)
  1.2.3. IC Engine Battery Market, by Battery Type, 2020-2030 (USD Billion)
  1.2.4. IC Engine Battery Market, by Vehicle type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL IC ENGINE BATTERY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL IC ENGINE BATTERY MARKET DYNAMICS

3.1. IC Engine Battery Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. High focus on road infrastructure development
    3.1.1.2. Rising automotive production and sales
  3.1.2. Market Challenges
    3.1.2.1. High adoption of electric vehicles (EVs)
    3.1.2.2. Evolving regulations and standards related to emissions
  3.1.3. Market Opportunities
    3.1.3.1. Increasing advancements in automotive technology
    3.1.3.2. Rising shift towards optimized batteries

CHAPTER 4. GLOBAL IC ENGINE BATTERY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL IC ENGINE BATTERY MARKET, BY ENGINE TYPE

5.1. Market Snapshot
5.2. Global IC Engine Battery Market by Engine Type, Performance - Potential Analysis
5.3. Global IC Engine Battery Market Estimates & Forecasts by Engine Type 2020-2030 (USD Billion)
5.4. IC Engine Battery Market, Sub Segment Analysis
  5.4.1. Gasoline
  5.4.2. Diesel
  5.4.3. Alternate fuels

CHAPTER 6. GLOBAL IC ENGINE BATTERY MARKET, BY BATTERY TYPE

6.1. Market Snapshot
6.2. Global IC Engine Battery Market by Battery Type, Performance - Potential Analysis
6.3. Global IC Engine Battery Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
6.4. IC Engine Battery Market, Sub Segment Analysis
  6.4.1. Lithium Ion
  6.4.2. Lead acid
  6.4.3. Others

CHAPTER 7. GLOBAL IC ENGINE BATTERY MARKET, BY VEHICLE TYPE

7.1. Market Snapshot
7.2. Global IC Engine Battery Market by Vehicle type, Performance - Potential Analysis
7.3. Global IC Engine Battery Market Estimates & Forecasts by Vehicle type 2020-2030 (USD Billion)
7.4. IC Engine Battery Market, Sub Segment Analysis
  7.4.1. Passenger Cars
  7.4.2. Commercial Vehicles

CHAPTER 8. GLOBAL IC ENGINE BATTERY MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. IC Engine Battery Market, Regional Market Snapshot
8.4. North America IC Engine Battery Market
  8.4.1. U.S. IC Engine Battery Market
    8.4.1.1. Engine Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Battery Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Vehicle type breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada IC Engine Battery Market
8.5. Europe IC Engine Battery Market Snapshot
  8.5.1. U.K. IC Engine Battery Market
  8.5.2. Germany IC Engine Battery Market
  8.5.3. France IC Engine Battery Market
  8.5.4. Spain IC Engine Battery Market
  8.5.5. Italy IC Engine Battery Market
  8.5.6. Rest of Europe IC Engine Battery Market
8.6. Asia-Pacific IC Engine Battery Market Snapshot
  8.6.1. China IC Engine Battery Market
  8.6.2. India IC Engine Battery Market
  8.6.3. Japan IC Engine Battery Market
  8.6.4. Australia IC Engine Battery Market
  8.6.5. South Korea IC Engine Battery Market
  8.6.6. Rest of Asia Pacific IC Engine Battery Market
8.7. Latin America IC Engine Battery Market Snapshot
  8.7.1. Brazil IC Engine Battery Market
  8.7.2. Mexico IC Engine Battery Market
8.8. Middle East & Africa IC Engine Battery Market
  8.8.1. Saudi Arabia IC Engine Battery Market
  8.8.2. South Africa IC Engine Battery Market
  8.8.3. Rest of Middle East & Africa IC Engine Battery Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Exide Industries Limited
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Panasonic Corporation
  9.3.3. Robert Bosch GmbH
  9.3.4. Hitachi Group
  9.3.5. A123 Systems, Inc.
  9.3.6. Samsung SDI Co., Ltd.
  9.3.7. BYD Company Limited
  9.3.8. LG Chem Ltd.
  9.3.9. GS Yuasa Corporation
  9.3.10. Contemporary Amperex Technology Co., Limited (CATL)

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

12 .LIST OF TABLES

TABLE 1. Global IC Engine Battery Market, report scope
TABLE 2. Global IC Engine Battery Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global IC Engine Battery Market estimates & forecasts by Engine Type 2020-2030 (USD Billion)
TABLE 4. Global IC Engine Battery Market estimates & forecasts by Battery Type 2020-2030 (USD Billion)
TABLE 5. Global IC Engine Battery Market estimates & forecasts by Vehicle type 2020-2030 (USD Billion)
TABLE 6. Global IC Engine Battery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global IC Engine Battery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global IC Engine Battery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global IC Engine Battery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global IC Engine Battery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global IC Engine Battery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global IC Engine Battery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global IC Engine Battery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global IC Engine Battery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global IC Engine Battery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia IC Engine Battery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA IC Engine Battery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global IC Engine Battery Market
TABLE 71. List of primary sources, used in the study of global IC Engine Battery Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global IC Engine Battery Market, research methodology
FIG 2. Global IC Engine Battery Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global IC Engine Battery Market, key trends 2022
FIG 5. Global IC Engine Battery Market, growth prospects 2023-2030
FIG 6. Global IC Engine Battery Market, porters 5 force model
FIG 7. Global IC Engine Battery Market, pest analysis
FIG 8. Global IC Engine Battery Market, value chain analysis
FIG 9. Global IC Engine Battery Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global IC Engine Battery Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global IC Engine Battery Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global IC Engine Battery Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global IC Engine Battery Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global IC Engine Battery Market, regional snapshot 2020 & 2030
FIG 15. North America IC Engine Battery Market 2020 & 2030 (USD Billion)
FIG 16. Europe IC Engine Battery Market 2020 & 2030 (USD Billion)
FIG 17. Asia Pacific IC Engine Battery Market 2020 & 2030 (USD Billion)
FIG 18. Latin America IC Engine Battery Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa IC Engine Battery Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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