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Worldwide Automotive Battery Aftermarket Industry to 2025 - Key Drivers, Challenges and Trends - Yahoo Finance

Dublin, July 23, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Battery Aftermarket Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The publisher has been monitoring the automotive battery aftermarket market and it is poised to grow by 26.28 million units during 2021-2025, decelerating at a CAGR of almost 2% during the forecast period. The report on the automotive battery aftermarket market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by aging vehicle fleets and an increase in vehicle miles driven.

The automotive battery aftermarket market analysis includes the type and geographic landscape. This study identifies the high reliance on IC engines for mechanizing vehicles as one of the prime reasons driving the automotive battery aftermarket market growth during the next few years.

The report on automotive battery aftermarket market covers the following areas:

Automotive battery aftermarket market sizing

Automotive battery aftermarket market forecast

Automotive battery aftermarket market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive battery aftermarket market vendors that include Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. Also, the automotive battery aftermarket market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Key Topics Covered:

1. Executive Summary

Market overview

2. Market Landscape

Market ecosystem

Value chain analysis

3. Market Sizing

Market definition

Market segment analysis

Market size 2020

Market outlook: Forecast for 2020 - 2025

Impact of COVID-19 on consumer discretionary sector

4. Five Forces Analysis

Five forces summary

Bargaining power of buyers

Bargaining power of suppliers

Threat of new entrants

Threat of substitutes

Threat of rivalry

Market condition

5. Market Segmentation by Vehicle Type

Market segments

Comparison by Vehicle type

Passenger cars - Market size and forecast 2020-2025

LCV - Market size and forecast 2020-2025

M and HCV - Market size and forecast 2020-2025

Market opportunity by Vehicle type

6. Customer Landscape

7. Geographic Landscape

Geographic segmentation

Geographic comparison

APAC - Market size and forecast 2020-2025

Europe - Market size and forecast 2020-2025

North America - Market size and forecast 2020-2025

South America - Market size and forecast 2020-2025

MEA - Market size and forecast 2020-2025

Key leading countries

Market opportunity By Geographical Landscape

Market drivers

Market challenges

Market trends

8. Vendor Landscape

Overview

Vendor landscape

Landscape disruption

9. Vendor Analysis

Vendors covered

Market positioning of vendors

Amara Raja Batteries Ltd.

East Penn Manufacturing Co. Inc.

EnerSys

Exide Industries Ltd.

GS Yuasa Corp.

LG Chem Ltd.

Panasonic Corp.

Robert Bosch GmbH

Saft Groupe SA

Toshiba Corp.

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/npo2x0

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager This email address is being protected from spambots. You need JavaScript enabled to view it. For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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Electric cars: UK government urged to prevent ‘charging deserts’ - The Guardian

The UK’s competition authority has called for the government to intervene in the electric car charger market to prevent “charging deserts” and increase availability in locations outside London, which remain underserved.

The Competition and Markets Authority (CMA) also said it had opened an investigation into the dominance of one provider, Electric Highway, in the fast-charging network at motorway service stations.

Electric cars are a crucial part of the UK’s plan to reach net zero carbon emissions by 2050 as part of its effort to alleviate the climate crisis, and the government announced in 2020 that sales of new petrol and diesel cars would be banned by 2030.

However, the industry has long argued that much more public investment is needed to solve a chicken and egg problem: some consumers are put off from buying an electric car because of poor charger availability but charger companies are unwilling to invest until enough consumers have bought them.

Forecasts cited by the CMA suggest the public charger network needs to expand by at least 10 times by 2030, from the current 25,000 to between 280,000 and 480,000 public charge points.

However, a study by the regulator published on Friday suggested Britons faced a “postcode lottery” for access to public chargers. Outside London there are only 1,000 on-street chargers across the whole of the UK, while within the capital there are 4,700.

The CMA said the government needed to accelerate investment in rapid-charging networks, provide more funding and support to local authorities to invest in charger networks, and make it easier and cheaper for companies to connect new chargers to the electricity grid. The government should also consider targeting extra funding off the motorway in more remote locations, the regulator said.

It also expressed serious concerns about the dominance of Electric Highway, a subsidiary of the private energy company Gridserve, in the provision of the motorway fast-charger network. Electric Highway has exclusivity agreements with Roadchef, Moto and Extra, motorway services providers who cover about two-thirds of UK motorway service stations.

“We are concerned that these arrangements increase barriers to entry for other chargepoint operators,” the CMA said, adding that they risked undermining the government’s £950m rapid charging fund, which invests in the infrastructure for chargers on busy routes.

Guardian business email sign-up

It is “far from clear” that exclusivity deals are still necessary, and other providers have said they are unable to compete on motorway provision, the CMA said. It said the government should insist on open competition when awarding new grants.

Andrea Coscelli, the chief executive of the CMA, said: “Electric vehicles play a critical role in meeting net zero but the challenges with creating an entirely new charging network should not be underestimated. Some areas of the rollout are going well and the UK’s network is growing – but it’s clear that other parts, like charging at motorway service stations and on-street, have much bigger hurdles to overcome.

“There needs to be action now to address the postcode lottery in electric vehicle charging as we approach the ban on sales of new petrol and diesel cars by 2030.”

Gridserve was approached for comment.

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Volvo Cars reports record six-month performance in H1 2021 - Automotive World

Volvo Cars today reported the best half-year results in terms of sales and operating profit in its 94-year history amid increasing demand for its cars across all regions

Volvo Cars today reported the best half-year results in terms of sales and operating profit in its 94-year history amid increasing demand for its cars across all regions.

The half-year financial report, which can be found here, showed the company achieved a revenue of 141 billion SEK, up 26 per cent, driven by strong demand and positive mix effects. Operating income was 13 billion SEK in the first six months of 2021, representing an operating margin of 9.4 per cent.

Sales volumes rebounded 41 per cent compared to the pandemic-affected period in 2020, but the company also saw strong growth of 12 per cent compared to the first six months of 2019, a more relevant comparison without the pandemic disruption. The 12-month rolling sales volume is approximately 775,000 cars, just shy of the 800,000 target set 10 years ago.

“The company continued to grow strongly despite the industry-wide semiconductor shortage, but more importantly, we demonstrated that we are a leader of the ongoing transformation in the automotive industry,” said Håkan Samuelsson, chief executive of Volvo Cars.

Volvo Cars aims to become the fastest transforming company in the sector and to be fully electric by 2030.

The appeal of Volvo’s electric cars was demonstrated in the first half by the demand for its Recharge models. Sales of both its fully electric and plug-in hybrid cars grew significantly, now making up 25 per cent of the global volume. This is the highest electrification share as a proportion of total sales among traditional car makers.

As part of the move towards full electrification, we launched our second fully electric model, the Volvo C40 Recharge. At the same time, we firmed up our strategy of online sales to meet changing consumer behaviour. From now on, all fully electric models will be available exclusively through volvocars.com, and customers can order at their place of preference; from their home, at a Volvo studio, or together with a retailer. We are now operational with online sales in several markets, with transparent and flexible consumer offerings including care packages of service, wear and tear as well as insurance. Volvo Cars’ subscription offering, Care by Volvo, had a fivefold increase in the first six months to over 10,000 contracts.

Securing sustainable batteries is key for Volvo Cars’ transformation. The company is therefore planning to join forces with Northvolt as a strategic partner for joint development and manufacturing of next generation battery cells.

To ensure focus on electrification, Volvo Cars is carving out its internal combustion engine operations into a new unit, Aurobay, in which Geely Holding will be a main shareholder. Through Aurobay, Volvo Cars will realise synergies as well as secure a supply of competitive combustion engines for its hybrid powertrains until the company is fully electric.

“Volvo Cars has a decade-long track record of successful transformation. The car industry is changing more than ever, and we have a strong determination to be the fastest transformer,” said Håkan Samuelsson.

In May, the Board announced that it is evaluating a possible initial public offering (IPO) on Nasdaq Stockholm. The evaluation process continues.

Looking at the remaining half year, Volvo Cars reiterates its full-year outlook. Unless supply of semiconductors improves, the company expects flat sales and revenue for the second half year, compared with the same period last year, despite strong customer demand.

SOURCE: Volvo Cars

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Car chip shortage to abate, smartphones could be next: industry execs - Reuters

Employees are seen working on the final assembly of ASML's TWINSCAN NXE:3400B semiconductor lithography tool with its panels removed, in Veldhoven, Netherlands, in this picture taken April 4, 2019. Bart van Overbeeke Fotografie/ASML/Handout via REUTERS

July 23 (Reuters) - The semiconductor shortage that has gripped the world could last well into 2022 and hit smartphone production next, foreshadowing deficient supply for a range of appliances and industrial equipment, industry executives and an economist said.

The automotive sector has suffered the most this year but supply to the sector could improve relatively soon, with China taking up some production demand that Taiwan could not meet, ING Greater China chief economist Iris Pang told Reuters Global Markets Forum this week.

Taiwanese semiconductor companies have boosted production in China as blackouts and ongoing COVID-19 social distancing measures disrupted factory output and port operations in Taiwan, she said.

"China gained 5% on the chip shortage in terms of GDP - Taiwan semiconductor companies have planned well and built large factories in mainland China," Pang said, predicting that smartphone makers will be the next segment to face disruptions.

"Taiwanese semiconductor companies are tailoring making chips for autos, so the chip shortage should be solved for autos in a few weeks, but other electronics' chip shortage problem persists," Pang said, adding that could delay shipments of some new model smartphones.

Companies across industries globally have warned of an ongoing struggle to source chips. read more

ASML (ASML.AS), one of the world's biggest suppliers to semiconductor makers, hiked its sales outlook this week on strong orders as chip giants such as TSMC (2330.TW) and Intel (INTC.O) raced to boost output.

The broader supply crunch could last until the second quarter of 2022, said Adam Khan, founder of AKHAN Semiconductor, although he noted this timeline was "aspirational."

Andrew Feldman, CEO of chip startup Cerebras Systems, echoed that view, saying vendors were quoting lead times as long as 32 weeks for new chips and components.

ING's Pang said even crypto miners are seeking ways to recycle "used" chips, which implies the shortage wasn't going away.

Higher demand for chips, fuelled by one-off purchases to meet work-from-home needs and continuous demand for smartphones and other electronics, is expected to spur investment and growth in the sector.

The chips industry could grow between 21% to 25% in 2021, with "electronics having its best showing since 2010," said Dan Hutcheson, CEO of chips-focused VLSI Research.

So far this year, the Philadelphia SE Semiconductor index (.SOX) has outpaced the tech-heavy Nasdaq Composite (.IXIC) with gains of over 16% versus 13%.

image

(These interviews were conducted in the Reuters Global Markets Forum chat room on Refinitiv Messenger. Join GMF: https://refini.tv/33uoFoQ)

Reporting by Aaron Saldanha and Lisa Mattackal in Bengaluru; Editing by Divya Chowdhury and Ana Nicolaci da Costa

Our Standards: The Thomson Reuters Trust Principles.

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Automotive IC IDMs in talks with OSATs about demand in 2022 - Digitimes

First-tier automotive IC IDMs in the US, Japan and Europe have reportedly approached OSATs including ASE Technology, Powertech Technology (PTI) and Greatek Electronics to book backend capacity for 2022, according to industry sources.

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