Australia Automotive Battery Market

Australia Automotive Battery Market Sustainability: Size, Share & Trends

Australia Automotive Battery Market was valued at USD 862.51 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.73% through 2028.

According to the TechSci Research report titled “Australia Automotive Battery Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Australia Automotive Battery Market is anticipated to experience robust growth in the coming years. 

The expansion of the automotive industry in Australia, encompassing vehicle manufacturing and assembly, is a driving force behind the increased demand for automotive batteries. This demand stems from both traditional internal combustion engine (ICE) vehicles and electric vehicles, emphasizing the market’s continuous growth. The rising adoption of electric vehicles in Australia emerges as a significant driver for the automotive battery market. With a collective focus on reducing carbon emissions, electric vehicles, predominantly powered by advanced lithium-ion battery technologies, have gained widespread popularity. The requirement for reliable, high-capacity batteries to propel these electric vehicles propels innovation and growth in the battery market.

Techsci Research: https://www.techsciresearch.com/report/australia-automotive-battery-market/4276.html 

Exploring the Australia Automotive Battery Market

The Lead Acid segment is poised to dominate based on battery type, driven by stringent recycling regulations and industry sustainability initiatives.

The Passenger Cars segment is projected to lead the market, driven by the diverse range of vehicles in Australia’s passenger car market and the increasing adoption of electric and hybrid vehicles.

Key Market Players:

  • Century Yuasa Batteries
  • Exide Technologies
  • R & J Batteries
  • Optima Batteries
  • Bosch Battery
  • SuperCharge Batteries
  • Yuasa Battery
  • ACDelco Batteries
  • Amara Raja Batteries
  • Lion Batteries

Insights from Mr. Karan Chechi, Research Director at TechSci Research

“The Australia Automotive Battery Market in Doha is poised to be the dominant force in the industry. New South Wales has seen an increase in the adoption of electric vehicles (EVs) and hybrid vehicles. The government’s initiatives, incentives, and the establishment of charging infrastructure have contributed to this growth. This shift to EVs has implications for the automotive battery market, with lithium-ion batteries being preferred for electric and hybrid vehicles.”

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Forecast and Analysis

“Australia Automotive Battery Market Segmented By Battery Type (Lead Acid, Lithium-Ion and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Engine Type (IC Engine and Electric Vehicle), By Region, and By Competition, 2018-2028” evaluates the future growth potential of the Australia Automotive Battery Market. The report provides statistics and information on market size, structure, and future market growth, aiming to offer cutting-edge market intelligence and assist decision-makers in making informed investment decisions. The report identifies and analyzes emerging trends, along with essential drivers, challenges, and opportunities in the Australia Automotive Battery Market.

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About Techsci Research

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity, and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high-value market research and advisory services that help them identify new market opportunities, growth engines, and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends.

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