January 08, 2020
According to the research report titled ‘Europe Automotive Start-Stop Battery Market By Battery (AGM, EFB), By Vehicle (Conventional, HEV), By End Use (Passenger Vehicles, Light Commercial Vehicles)Industry Analysis Report, Country Outlook (Germany, UK, France, Italy, Russia, Spain, Belgium, Netherlands, Poland, Turkey, Ukraine, Sweden, Austria, Switzerland, Czech Republic, Denmark, Romania, Portugal, Hungary) Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, Europe automotive start-stop battery market is expected to surpass USD 3 billion by the year 2025.
Strict government reforms regarding emission mitigation has enhanced the adoption of vehicles with high fuel efficiency which in turn is driving the Europe automotive start-stop battery market growth. Growing inclination towards personal automobiles has amplified automotive demand which is aiding the expansion of the market. Unmatched engineering expertise, along with low cost of raw materials and abundance of lead in the region, are the top factors stimulating the industry outlook. Moreover, incorporation of regenerative braking systems in mild & micro hybrid automobiles is augmenting the demand for start-stop batteries across Europe.
As per battery type, the report cites that AGM battery segment will secure a growth of more than 4% by the year 2025. Growing inclination towards installation of infotainment and lighting systems and surging demand for premium class vehicles are fueling the growth of the segment.
In terms of vehicle type, HEV battery segment is expected to register substantial growth during the estimated timeframe. Escalating investment in R&D activities towards hybridization of automotive power train, due to the growing popularity of hybrid electric vehicles in Europe is adding momentum to product sales. Additionally, increasing focus on cost efficient automobile manufacturing processes and favorable reimbursement policies are driving product adoption by HEVs.
Based on end use spectrum analysis, PV (Passenger vehicle) segment is estimated to hold the largest share of automotive start-stop battery market during the forecast period. Favorable government policies in tandem with rising adoption of start-stop systems across various vehicle platforms are propelling the segmental growth.
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Considering the geographical landscape, availability of low-cost labor and increasing production of automobiles are favoring the Turkey automotive start-stop battery industry growth. Escalating disposable income, improving economy, and plentifulness of key industry players is leading to rising adoption of automotive start-stop battery units across the country.
The prominent companies operating in the Europe automotive start-stop battery market are Mutlu Battery, YigitAKU, Erdil Battery, FIAMM Energy Technology S.p.A., Banner Batteries, Akkumulatorenfabrik MOLL GmbH + Co. KG, ACDelco, XS Power Battery, Superior Battery Manufacturing Co., Discover Battery, U.S. Battery Manufacturing Co., Braille Battery Inc., NorthStar Battery Co. LLC, GS Yuasa Corp., Trojan Battery Co., and Crown Battery Manufacturing Co. among others.
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