DUBLIN–(BUSINESS WIRE)–The “Saudi Arabia Automotive Battery Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering.
The Saudi Arabia Automotive Battery Market was valued at USD 3.16 Billion in 2024, and is expected to reach USD 5.79 Billion by 2030, rising at a CAGR of 10.60%.
The Saudi Arabia automotive battery market is experiencing notable expansion driven by a combination of factors such as rising vehicle ownership, technological advancements in battery chemistry, and growing demand for maintenance-free batteries. Consumers are increasingly preferring batteries that offer extended lifecycle, better resistance to extreme temperatures, and low maintenance, encouraging manufacturers to invest in innovation and performance-oriented solutions.
The shift toward smart mobility solutions, including start-stop systems and connected vehicle infrastructure, is further accelerating the adoption of advanced lead-acid and AGM batteries. Market players are also benefiting from growing consumer awareness around battery performance and replacement cycles, fostering a steady aftermarket demand.
Opportunities lie in the integration of digital monitoring systems and battery management technologies, which are enhancing efficiency and customer satisfaction. Growth in logistics and commercial vehicle fleets is increasing the consumption of durable, high-capacity batteries suitable for heavy-duty applications. For instance, 91% of Saudis shop online regularly, with 14% making purchases at least once a day, showcasing a strong digital retail culture and a mature online consumer base.
Market Drivers
Expansion of Vehicle Parc and Aftermarket Demand
The continuous rise in the number of vehicles on the road directly influences the demand for automotive batteries. As vehicles age, the likelihood of battery replacement increases, driving sustained growth in the aftermarket segment. Regular wear and tear, exposure to harsh driving conditions, and extended usage cycles result in reduced battery performance over time.
Consumers are becoming more proactive about preventive maintenance, increasing demand for high-quality replacement batteries. The growing preference for maintenance-free batteries in both commercial and personal vehicles further accelerates this trend. Manufacturers are aligning their strategies to cater to this evolving demand by expanding product portfolios and enhancing battery durability.
Key Market Challenges
Volatility in Raw Material Prices
Fluctuations in the prices of essential raw materials such as lead, lithium, and other metals pose a significant challenge to automotive battery manufacturers. These materials form the core of battery chemistry, and even slight shifts in global supply or demand can lead to substantial cost variations.
Political instability in sourcing regions, regulatory changes affecting mining activities, and increased competition from other industries like consumer electronics and renewable energy further amplify pricing pressures. Battery producers face difficulties in long-term cost planning, often passing price hikes onto customers, which can impact market competitiveness. The unpredictability also affects supplier agreements and profit margins, particularly for smaller firms with limited bargaining power.
Key Market Trends
Rising Demand for Electric Vehicles (EVs)
The increasing shift toward electric vehicles is significantly influencing the demand for advanced automotive batteries. As consumers and governments prioritize sustainability and energy efficiency, EV adoption is gaining momentum across both private and commercial segments. This transition is driving battery manufacturers to enhance energy density, charging speed, and lifecycle durability of their products.
With the automotive industry focusing on phasing out internal combustion engines, the need for high-performance lithium-ion and solid-state batteries has intensified. EVs require more powerful and efficient battery systems to support long-range capabilities and fast-charging features. In response, companies are investing in research and development to deliver batteries that cater to these evolving performance requirements. For instance, Saudi Arabia has committed USD 39 billion toward EV sector development as part of Vision 2030, with goals to reach 30% EV adoption and increase charging stations from 101 to 5,000 by 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $3.16 Billion |
| Forecasted Market Value (USD) by 2030 | $5.79 Billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Saudi Arabia |
Report Scope:
Key Market Players
- Exide Technologies
- Hankook & Company Co., Ltd.
- CSB Energy Technology Co., Ltd
- leoch International Technology Limited Inc
- GS Yuasa Corporation
- Robert Bosch GmbH
- Amara Raja Energy & Mobility Limited
- EnerSys
- CLARIOS, LLC
- Middle East Battery Company
Saudi Arabia Automotive Battery Market, By Type:
- Starter Battery
- EV Battery
Saudi Arabia Automotive Battery Market, By Battery Type:
- Lead Acid
- Lithium Ion
- Others
Saudi Arabia Automotive Battery Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Two-Wheeler
Saudi Arabia Automotive Battery Market, By Region:
- Western Region
- Northern and Central Region
- Eastern Region
- Southern Region
For more information about this report visit https://www.researchandmarkets.com/r/e9inrf
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