Industry Analysis & Industry Trends
The Battery Manufacturing industry has recovered strongly from the recession during the five years to 2014. Multiple companies that manufacture automobile batteries received government funding to expand their production capabilities and technology during the period, and rising demand for automotive batteries and improved consumer spending are expected to increase industry revenue. In the five years to 2019, the industry will contend with shifting downstream demand conditions. Demand from car and automobile manufacturing is expected to slow and appreciation of the US dollar and input material price hikes will stem export growth. However, Improving economic conditions are anticipated to spur consumer spending on electronics that require batteries, boosting demand for industry products... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Battery Manufacturing industry exhibits a moderate level of market share concentration, with the four top companies accounting for an estimated 59.6% of industry revenue in 2014. IBISWorld estimates that the following three companies account for an additional 17.7% of industry revenue. Thus, the remaining 123 companies are vying for the remaining 21.0% of industry revenue in 2014. Furthermore, high startup capital costs deter most potential entrants. Over the five years to 2014, new companies have entered the market at an average annual rate of 2.7%, attracted by government grants to manufacture batteries for hybrid vehicles.
The top four industry participants' market share concentration is slightly down from their share of industry revenue in 2009... purchase to read more