Originally Published on: technavio |Automotive Battery Testers Market by Type, Application, and Geography - Forecast and Analysis 2023-2027
The automotive battery testers market is poised for growth, with an estimated CAGR of 3.92% between 2022 and 2027. During this period, the market is expected to increase in size by USD 80.37 million. Several factors contribute to this growth, including the extended lifespan of vehicles, the convenience of online purchases for automotive products, and improvements in automotive aftermarket distribution and supply chain networks.
The simple battery tester segment is at the forefront of the automotive battery testers industry. These testers are designed to detect issues or malfunctions in a vehicle's battery. Their straightforward design makes them convenient for customers to use. Service providers in the automobile maintenance and repair industry often use simple battery testers to identify minor battery problems, making this segment the dominant force in the global market.
Prominent vendors such as Schumacher Electric and Bosch offer cost-effective simple battery testers to customers. For example, Schumacher Electric provides the BAF-M2, a battery monitoring device priced at $37. Similarly, Bosch offers the BAT 110 battery tester, which allows for quick and accurate load-free testing of most 12V batteries. It features a simple four-button keypad and large four-digit displays for voltage and CCA readouts.
This comprehensive report covers market segmentation by type (simple battery testers and integrated battery testers), application (OEM and aftermarket), and geography (APAC, Europe, North America, South America, and the Middle East and Africa). It also includes in-depth analyses of the drivers, trends, and challenges facing the market, along with historic market data from 2017 to 2021.
Key Market Drivers:
The increasing lifespan of vehicles is a significant driver for market growth, as it results in a growing vehicle population.
The trend of touchscreen battery testers is gaining traction in the market. Touchscreen interfaces are more user-friendly and efficient, offering a space-saving solution compared to traditional button interfaces.
Major Challenge:
The development of supercapacitors to replace batteries poses a challenge to the market. Supercapacitors have higher power density, faster charge and discharge rates, and are less prone to material damage compared to lead-acid batteries.
Customer Landscape:
The report provides insights into the adoption lifecycle of the market, covering the innovator's stage to the laggard's stage, along with key purchase criteria and price sensitivity drivers to help companies develop their growth strategies.
Key Market Vendors:
Various vendors are implementing strategies such as alliances, partnerships, mergers, acquisitions, geographical expansion, and product launches to enhance their market presence. Some key vendors include Autel Intelligent Technology Co., Bosch, and Schumacher Electric Corp.
Fastest-Growing Segment:
The simple battery tester segment is expected to experience significant market share growth during the forecast period. The surge in e-commerce is driving the adoption of simple battery testers, which are available from various manufacturers, including international and regional brands.
Key Regions:
Asia-Pacific (APAC) is estimated to contribute 49% to the market's growth during the forecast period. The high volume of passenger cars, usage for short-distance commuting, and the demand for frequent battery testing in the region are driving growth.
This report provides detailed insights into the automotive battery testers market, helping businesses and decision-makers understand market dynamics, growth drivers, trends, and challenges, as well as the competitive landscape and key vendor profiles. It offers a comprehensive analysis of the market to assist in strategic decision-making.
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