Automotive Battery Testers Market 2023-2027; Highlights on Global Supply Chain, Covid Analysis and Latest Trends - Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the global automotive battery testers market size is estimated to grow by USD 80.37 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.92% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 49%. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more Insights on the automotive battery testers market, Request a sample report

• The development of touchscreen battery testers is identified as the key trend in the market.
• The market is observing significant improvements in the design and usability of battery testers.
• Vendors are introducing touchscreen displays to provide convenience for technicians and consumers.
• For instance, the Medtronic DSS-5000 battery diagnostic service system includes a 5-inch, full-color touchscreen display. Touchscreen displays allow the addition of multiple functions in a battery diagnostic service system in a convenient way.
• Many prominent vendors in the market are expected to adopt this technology over the forecast period, which, in turn, will positively influence the growth of the market.
• To know more – buy the report!

The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Segment Overview
Technavio has segmented the market based on the type (simple battery testers and integrated battery testers), application (OEM and aftermarket), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The market growth will be significant in the simple battery testers segment during the forecast period. Simple battery testers are used to detect problems or malfunctions in a battery. They have a simple design and can be used as voltmeters to test the voltage as well as battery cold cranking amps (CCA). Their increasing adoption is encouraging vendors to develop next-generation simple battery testers with digital displays and LED screens. The demand for these devices is expected to increase during the forecast period with manufacturers expanding their business online and the growth of the e-commerce industry.

Geography Overview
By geography, the global automotive battery testers market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive battery testers market.

• APAC will account for 49% of the market growth during the forecast period. The region is a high-volume adopter of passenger vehicles and commercial vehicles. In addition, consumers in the region are price-sensitive. Hence, the replacement rate of automotive batteries is lower than in other regions. This necessitates the need for proper repair and maintenance services, which is driving the growth of the automotive battery testers market in APAC.

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Key factor driving market growth

• The market is driven by the increasing lifespan of vehicles.
• Modern vehicles have a rigid body structure, a long-lasting and highly durable engine, and undergo regular periodic maintenance. This has increased the average lifespan of vehicles worldwide.
• This has led consumers to keep their vehicles for a longer period of time.
• This is creating an increase in the demand for automotive repair and maintenance services, which is driving the growth of the market in focus.

Major challenges hindering market growth

• The development of supercapacitors to replace batteries is identified as one of the major challenges in the market.
• Conventional batteries used in automobiles have low power density. Their ability to retain energy deteriorates over their lifetime due to material damage.
• Supercapacitors are emerging as an alternative to batteries. They have high energy density and can be charged quickly.
• Supercapacitors can store more energy than lead-acid batteries and lithium-ion batteries. Also, they release energy up to 10 times faster than other batteries.
• These benefits are increasing the popularity of supercapacitors in the automotive industry, which is expected to negatively impact the growth of the global automotive battery testers market.

Driver, trend, and challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this automotive battery testers market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the automotive battery testers market between 2023 and 2027
• Precise estimation of the size of the automotive battery testers market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the automotive battery testers market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of automotive battery testers market vendors

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• The aftermarket automotive parts and components market is estimated to grow at a CAGR of 3.54% between 2022 and 2027. The size of the market is forecast to increase by USD 86.64 billion. The increasing number of vehicles globally is notably driving the market growth, although factors such as the growing shortage of skilled automotive technicians may impede the market growth.
• The electric vehicle (EV) motor market is estimated to grow at a CAGR of 20.87% between 2022 and 2027. The size of the market is forecast to increase by USD 14,492.96 million. The increasing average miles driven by EVs on a single charge are notably driving the market growth, although factors such as lack of operational infrastructure in emerging markets may impede the market growth.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive battery testers market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global automotive battery testers market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Simple battery testers - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Simple battery testers - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Simple battery testers - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Simple battery testers - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Simple battery testers - Year-over-year growth 2022-2027 (%)

• 6.4 Integrated battery testers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Integrated battery testers - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Integrated battery testers - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Integrated battery testers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Integrated battery testers - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 OEM - Market size and forecast 2022-2027
• Exhibit 47: Chart on OEM - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on OEM - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on OEM - Year-over-year growth 2022-2027 (%)

• 7.4 Aftermarket - Market size and forecast 2022-2027
• Exhibit 51: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 55: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Autel Intelligent Technology Co. 
• Exhibit 108: Autel Intelligent Technology Co. - Overview
• Exhibit 109: Autel Intelligent Technology Co. - Product / Service
• Exhibit 110: Autel Intelligent Technology Co. - Key offerings

• 12.4 AutoMeter Products Inc. 
• Exhibit 111: AutoMeter Products Inc. - Overview
• Exhibit 112: AutoMeter Products Inc. - Product / Service
• Exhibit 113: AutoMeter Products Inc. - Key offerings

• 12.5 Clore Automotive LLC 
• Exhibit 114: Clore Automotive LLC - Overview
• Exhibit 115: Clore Automotive LLC - Product / Service
• Exhibit 116: Clore Automotive LLC - Key offerings

• 12.6 Elak Pvt. Ltd. 
• Exhibit 117: Elak Pvt. Ltd. - Overview
• Exhibit 118: Elak Pvt. Ltd. - Product / Service
• Exhibit 119: Elak Pvt. Ltd. - Key offerings

• 12.7 EZRED Co. 
• Exhibit 120: EZRED Co. - Overview
• Exhibit 121: EZRED Co. - Product / Service
• Exhibit 122: EZRED Co. - Key offerings

• 12.8 Fortive Corp. 
• Exhibit 123: Fortive Corp. - Overview
• Exhibit 124: Fortive Corp. - Business segments
• Exhibit 125: Fortive Corp. - Key news
• Exhibit 126: Fortive Corp. - Key offerings
• Exhibit 127: Fortive Corp. - Segment focus

• 12.9 Gamela Enterprise Co. Ltd. 
• Exhibit 128: Gamela Enterprise Co. Ltd. - Overview
• Exhibit 129: Gamela Enterprise Co. Ltd. - Product / Service
• Exhibit 130: Gamela Enterprise Co. Ltd. - Key offerings

• 12.10 Innova Electronics Corp. 
• Exhibit 131: Innova Electronics Corp. - Overview
• Exhibit 132: Innova Electronics Corp. - Product / Service
• Exhibit 133: Innova Electronics Corp. - Key offerings

• 12.11 Meco Instruments Pvt. Ltd. 
• Exhibit 134: Meco Instruments Pvt. Ltd. - Overview
• Exhibit 135: Meco Instruments Pvt. Ltd. - Product / Service
• Exhibit 136: Meco Instruments Pvt. Ltd. - Key offerings

• 12.12 Midtronics Inc. 
• Exhibit 137: Midtronics Inc. - Overview
• Exhibit 138: Midtronics Inc. - Product / Service
• Exhibit 139: Midtronics Inc. - Key offerings

• 12.13 Milton Industries Inc. 
• Exhibit 140: Milton Industries Inc. - Overview
• Exhibit 141: Milton Industries Inc. - Product / Service
• Exhibit 142: Milton Industries Inc. - Key offerings

• 12.14 MOTOPOWER Inc. 
• Exhibit 143: MOTOPOWER Inc. - Overview
• Exhibit 144: MOTOPOWER Inc. - Product / Service
• Exhibit 145: MOTOPOWER Inc. - Key offerings

• 12.15 OBDSpace Co. Ltd. 
• Exhibit 146: OBDSpace Co. Ltd. - Overview
• Exhibit 147: OBDSpace Co. Ltd. - Product / Service
• Exhibit 148: OBDSpace Co. Ltd. - Key offerings

• 12.16 Robert Bosch GmbH 
• Exhibit 149: Robert Bosch GmbH - Overview
• Exhibit 150: Robert Bosch GmbH - Business segments
• Exhibit 151: Robert Bosch GmbH - Key offerings
• Exhibit 152: Robert Bosch GmbH - Segment focus

• 12.17 Schumacher Electric Corp. 
• Exhibit 153: Schumacher Electric Corp. - Overview
• Exhibit 154: Schumacher Electric Corp. - Product / Service
• Exhibit 155: Schumacher Electric Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 13.5 List of abbreviations 
• Exhibit 162: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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