Automotive Battery Testing Market Size, Share, Growth, And Industry Analysis, By Type (Safety Testing, Performance Testing and Lifetime Testing), By Application (Battery Electric Vehicle and Hybrid Electric Vehicle), Regional Forecast To 2031

Updated On: 08 April 2024

Automotive Battery Testing Market Report Overview

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The global automotive battery testing market size was USD 486.43 million in 2021.As per our research, the market is expected to reach USD 9,113.97 million in 2031, exhibiting a CAGR of 33.93% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the automotive battery testing market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Automotive battery testing is designed to check the condition of an electric battery, progressing from a basic tool for checking the charge existing to the cells and/or its output voltages to a more thorough check of the battery's condition, specifically its ability for accumulating charge and any potential faults affecting the battery's performance and security. It tracks the battery system's life cycle and maintains it, providing the user with information on voltage, resistance, and storage capabilities.

The rise in automotive electronics adoption to preserve traveler and auto safety, the soaring concentration of governments to enforce strict regulatory requirements on the automotive industry, the expansion of consumer awareness of product quality and safety, and the rise in vehicle recalls as a result of performance degradation are all factors contributing to the growth of this market.

COVID-19 Impact: Halts in Manufacturing Activities were Experienced due to the Lockdowns Caused by the Pandemic

The coronavirus's global spread resulted in the closure of manufacturing facilities, a substantial decline in showroom traffic, and a precipitous drop in vehicle sales. Because of the COVID-19 pandemic, major automakers were forced to halt manufacturing. Due to the significant suspension of economic and industrial activity, there was a significant demand-side effect that resulted in a fall in sales volumes as a percentage of total sales. Since the market's expansion was largely dependent on the creation of vehicles, the scenario had an impact on it.

Latest Trends

"Publication of Handbook for Service Providers to Offer Guidance to Organizations for Implementation of Electric Vehicles Care "

The leader in automotive battery testing and management, Midtronics, has announced the publication of "the Electric Vehicle Battery Service Strategy Guide." The most thorough electric vehicle battery servicing strategy guide available has been released, according to Midtronics, the world's top provider of vehicle battery testing and asset management. The document includes aftermarket implications, application techniques, service considerations (such as safety, application strategies, training, and more), and much more. The first of its type, the guide offers direction to organizations and individuals in charge of the organizational strategy and implementation of electric vehicle (EV) battery care, testing, maintenance, and repairs. It was written to act as a handbook for OEMs and service providers.

Automotive Battery Testing Market Segmentation

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By Type Analysis

According to type, the market can be segmented into Safety Testing, Performance Testing and Lifetime Testing

By Application Analysis

Based on application, the market can be divided into Battery Electric Vehicle and Hybrid Electric Vehicle

Driving Factors

"Rising Requirement for Chargeable Batteries helps in Piloting the Market Broadening "

Due to their special qualities and benefits, lithium-ion batteries have recently experienced a substantial increase in popularity. With the batteries becoming more affordable and energy-dense, lithium-ion battery technology is seen to be growing significantly. Due to their portability and simplicity of usage in a wide range of applications, they are the next trend in the worldwide battery market. The promise of new markets, including electric vehicles and consumer electronics, can only be unlocked with the help of rechargeable battery technologies.

"Surge of Technical Breakthroughs and Rising Automation lead to Increasing Need for High-Precision Battery Testing"

The overall expansion of the worldwide automotive battery testing industry is being fueled by the growing electrification and digitalization of a variety of industries. The industrial sector has changed and become more modern in recent years due to the surge in technical breakthroughs and rising automation. Artificial intelligence (AI) is now being used in production processes, which has increased demand for car battery testing. Additionally, in order to stay competitive, the manufacturers are providing digital battery testing solutions with touch screens and user-friendly features, further boosting the automotive battery testing market growth. As a result of the industry's ongoing evolution and innovations, there is an increasing need for high-precision battery testing.

Restraining Factors

"Maintenance Process and Hazardous Nature of the Batteries could Hamper the Market Expansion "

Testing car batteries is difficult and important. The complexity of systems and setup, lengthy testing periods, compliance with evolving safety regulations, and dangerous nature are just a few of the difficulties faced by producers. Additionally, testing modules and packs calls for responsiveness to signals from the battery, system, and other external devices under application-based real-world settings. Due to the intricate systems and dangerous materials, automotive battery testing has grown to be a difficult and time-consuming operation. Batteries entail environmental problems and some safety risks due to their high voltages, hazardous chemicals, and strong currents.

Automotive Battery Testing Market Regional Insights

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"Growing Number of Manufacturing Sectors and Government Investment Contribute to the Advancements of the Battery Market in this Region"

North America is predicted to hold the greatest automotive battery testing market share throughout the projected timeframe owing to the growing battery manufacturing sectors. Due to substantial corporate and government investment in the region, which is also anticipated to contribute to the advancement of the battery testing industry, the market in North America currently holds the top spot. The regional market is anticipated to grow as a result of the emergence of key figures in the battery testing industry. When compared to other nations, the U.S. is the one that contributes the most to the market.

The region that contributes the second most to the automotive battery industry is Asia Pacific. This is a result of the expanding car industry and the relocation of the majority of manufacturing facilities to Asia, which is driving up demand for various solutions. This increase is due to the motivating elements like the expanding use of electric vehicles in nations like China and India. The greatest market revenue is found in these areas.

Key Industry Players

"Key Players are Involved in R&D and Mergers in Order to Expand their Geographical Reach"

The major market participants in automotive battery testing are always working to enhance the functionality of their products via research and development. In addition, to expand their geographic reach, they are participating in mergers with local firms. Additionally, in order to attract more customers and consumption for their product among the clients in this market, they are also involved in a variety of organic and inorganic growth strategies.

List of Market Players Profiled

• Millbrook (U.S.)
• SGS (Switzerland)
• Weiss Technik (U.S.)
• TÜV Süd (Germany)
• MET Laboratories (U.S.)
• BV CPS (France)
• UL (U.S.)
• MGA Research Corporation (U.S.)
• Intertek Group plc (U.K.)

Report Coverage

 This report covers the automotive battery testing market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.