Press Release

Australia Automotive Battery Market to Grow at Substantial Rate During Forecast Period

Increasing demand for transportation along with rapid expansion in the automotive industry to drive Australia automotive battery market through 2024

According to TechSci Research report, Australia Automotive Battery Market By Battery Type, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2024, Australia automotive battery market is anticipated to witness significant growth during the forecast period on account of development of new fuel-saving technologies, increasing demand for automobiles and strict emission standards application by Auto OEMs. Moreover, government initiatives for the adoption of alternative fuel vehicles to reduce dependence on oil are enhancing the use of electric powered vehicles, thereby further fueling growth in the market. The introduction of automotive battery technology that enables quick recharge and offers power-saving options is anticipated to drive the growth of the Australia automotive battery market in the coming years. However, lack of adequate infrastructure to support electric vehicles, and volatility in the price of raw materials of a battery are the major factors anticipated to affect the growth of the automotive battery market over the next 5 years.


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Australia automotive battery market can be segmented based on battery type, vehicle type, sales channel and region. Based on vehicle type, the market can be categorized into Passenger Vehicles, Commercial Vehicles, Electric Vehicles and Two Wheelers. Among them, the passenger vehicles represented the largest market share until 2018. The demand for automotive batteries from electric vehicles is expected to register an impressive growth during the forecast period on account of increasing sales of electric vehicles and rising environmental pollution.

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ATLASBX Co., Ltd., BYD Co Ltd, B.B. Battery Co., Ltd., EnerSys Australia Pty Ltd, Century Yuasa Batteries Pty Ltd., Robert Bosch (Australia) Pty. Ltd., Exide Australia Pty Ltd, VARTA, Amaron Batteries, Johnson Controls Australia Proprietary Ltd. are the leading players operating in Australia automotive battery market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and expand the market.

“Automotive battery market is one of the most dynamic market worldwide and is anticipated to grow at formidable rate during the forecast period on account of growing inclination towards pollution-free electric and hybrid vehicles. Moreover, increasing investment in the research and development of battery technology for fuel cell based automobiles and development of nano technology based lithium batteries for electric vehicles are further anticipated to positively influence Australia automotive battery market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia Automotive Battery Market By Battery Type, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Australia automotive battery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia automotive battery market.

About TechSci Research

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