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Absorbent Glass Mat (AGM) Car Batteries Market: The Key To Successful Business Strategy Forecast Till 2031

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Market Overview and Report Coverage

Absorbent Glass Mat (AGM) Car Batteries are advanced lead-acid batteries that feature a fiberglass mat separator to absorb electrolyte, preventing spillage. These batteries are maintenance-free, have a longer lifespan, and are more resistant to vibration and extreme temperatures compared to traditional flooded batteries. The AGM market has been growing steadily due to the increasing demand for reliable power sources in vehicles, with a focus on enhancing fuel efficiency and reducing emissions.

The Absorbent Glass Mat (AGM) Car Batteries Market is expected to grow at a CAGR of % during the forecasted period. The key drivers for market growth include the rising adoption of electric vehicles, growing automotive industry, and technological advancements in battery technology. Additionally, the increasing demand for start-stop systems in vehicles and the need for energy-efficient solutions are expected to further boost the market in the coming years.

Overall, the outlook for the Absorbent Glass Mat (AGM) Car Batteries Market is positive, with strong growth potential and favorable market trends driving the demand for these advanced batteries in the automotive industry.

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Market Segmentation

The Absorbent Glass Mat (AGM) Car Batteries Market Analysis by types is segmented into:

  • Above 30Ah
  • 30 to 100Ah
  • Below 100Ah

 

Absorbent Glass Mat (AGM) car batteries are available in three main market types based on their capacity: above 30Ah, 30 to 100Ah, and below 100Ah. Batteries above 30Ah are suitable for heavy-duty vehicles and high-performance applications. Those in the 30 to 100Ah range are commonly used in mid-sized cars and trucks. Batteries below 100Ah are typically found in smaller vehicles or for lighter applications. Each market type caters to specific vehicle sizes and power needs for optimum performance and reliability.

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The Absorbent Glass Mat (AGM) Car Batteries Market Industry Research by Application is segmented into:

  • Luxury Vehicles
  • Motorcycles
  • ATVs

 

Absorbent Glass Mat (AGM) car batteries are commonly used in luxury vehicles, motorcycles, and ATVs due to their high-performance capabilities. AGM batteries are known for their superior power output, longer lifespan, and maintenance-free operation, making them ideal for use in high-end vehicles that require reliable and efficient battery systems. In luxury vehicles, motorcycles, and ATVs, AGM batteries provide the necessary power for advanced electronics, accessories, and high-performance engines, ensuring optimal performance and reliability on the road or off-road.

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In terms of Region, the Absorbent Glass Mat (AGM) Car Batteries Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Absorbent Glass Mat (AGM) Car Batteries market?

Some of the emerging trends in the global AGM car batteries market include the increasing adoption of electric vehicles, advancements in battery technology, and growing focus on sustainability and eco-friendly solutions. Additionally, there is a rising demand for high-performance batteries with longer lifespan and improved efficiency. Current trends in the market include the growing popularity of AGM batteries for start-stop systems in vehicles, expanding automotive industry in developing economies, and increasing investments in research and development for enhancing battery capabilities. Overall, the AGM car batteries market is expected to witness significant growth and innovation in the coming years.

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Major Market Players

Absorbent Glass Mat (AGM) Car Batteries Market is highly competitive with key players such as Johnson Controls, Trojan Battery, Storage Battery Systems, Exide Technologies, Bosch, Varta, and GS Yuasa. These companies dominate the market by offering high-quality AGM batteries that are used in automotive applications.

Johnson Controls is a leading player in the AGM Car Batteries Market with a strong market presence. The company has been focusing on technological advancements and product innovation to meet the growing demand for sustainable and energy-efficient batteries. Johnson Controls reported sales revenue of $31 billion in 2020.

Trojan Battery is another prominent player known for its deep-cycle AGM batteries that are widely used in commercial and industrial vehicles. The company has been expanding its product portfolio and geographical reach to maintain its competitive edge in the market. Trojan Battery reported sales revenue of $500 million in 2020.

Exide Technologies is also a key player in the AGM Car Batteries Market, with a focus on developing environmentally friendly batteries that offer high performance and durability. The company reported sales revenue of $2 billion in 2020. Exide Technologies is investing in research and development to stay ahead in terms of technology and innovation.

Overall, the AGM Car Batteries Market is witnessing steady growth due to increasing demand for energy-efficient and reliable batteries in the automotive sector. Companies like Johnson Controls, Trojan Battery, and Exide Technologies are leading the market with their innovative product offerings and strong market presence. The market size is expected to grow further as more automotive manufacturers adopt AGM batteries for their vehicles.

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