Absorbent Glass Mat (AGM) Battery Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)
Market Report I 2025-08-12 I 151 Pages I EMR Inc.
The global absorbent glass mat (AGM) battery market was valued at USD 12.74 Billion in 2024 . It is expected to grow at a CAGR of 5.20% from 2025 to 2034, reaching approximately USD 21.15 Billion by 2034 .
Europe Expected to be a Key Contributor in the Global Market for Absorbent Glass Mat (AGM)Battery
Europe is projected to have a major share in the global market for absorbent glass mat (AGM)battery owing to the implementation of strict environmental regulations and the manufacture of cars with start-stop functions. Minimal maintenance and higher efficiency are expected to contribute to the growth of the absorbent glass mat battery industry. Moreover, rapid industrialisation and the growing demand for advanced technology are expected to spur the growth of the market growth, especially in the Asia Pacific, one of the fastest-growing regions. China is expected to hold a major share in the Asia Pacific market, owing to the presence of leading manufacturers in the region.
Absorbent Glass Mat (AGM) Battery: Market Segmentation
Absorbent glass mat (AGM) battery is a modern technology battery used to power various automotive components. The electrolyte is suspended between the glass mat and battery plates, and the amount is kept minimal. These batteries are far more efficient than normal lead batteries, owing to their design and construction, resistance to vibrations, and no spillage.
By type, the market can be bifurcated into:
- Stationary
- Motive
Based on output capacity, the market can be divided into:
- 2-6V
- 6-8V
- 12V and others
By distribution channel, the market is segmented into:
- OEM
- Aftersales
By end use, the market can be divided into:
- Automobile
- Inverters
- Energy Sector
- Marine
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Efficiency of Absorbent Glass Mat (AGM) Batteries Over Lead Batteries is Driving the Market Growth
Favourable characteristics of absorbent glass mat(AGM)batteries, like longer battery life, vibration resistance, start-stop applications, high electrical loads, quick recharges, and long lifecycles are driving the global market growth of absorbent glass mat battery. The market is expected to register significant growth owing to the demand for efficient batteries. Stringent CO2 emission norms by governments across the globe are providing further impetus to the market growth. In addition, absorbent glass mat batteries find applications in high-end and advanced fuel-efficient vehicles with large power demands. This, in turn, is expected to bolster the market growth.
Key Industry Players in the Global Absorbent Glass Mat (AGM) Battery Market
The report gives a detailed analysis of the following key players in the global absorbent glass mat(AGM)battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Clarios
- Exide Technologies
- Power Sonic Corporation
- Panasonic Corporation
- East Penn Manufacturing Company
- Enersys
- EC&D Technologies, Inc
- Robert Bosch GmbH
- Trojan Battery Company
- Defender Industries
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Absorbent Glass Mat Battery Market Analysis
5.1 Key Industry Highlights
5.2 Global Absorbent Glass Mat Battery Historical Market (2018-2024)
5.3 Global Absorbent Glass Mat (AGM) Battery Market Forecast (2025-2034)
5.4 Global Absorbent Glass Mat (AGM) Battery Market by Type
5.4.1 Stationary
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Motive
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.5 Global Absorbent Glass Mat (AGM) Battery Market by Output Capacity
5.5.1 2-6V
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 6-8V
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 12V and Others
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.6 Global Absorbent Glass Mat (AGM) Battery Market by Distribution Channel
5.6.1 OEM
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Aftersales
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.7 Global Absorbent Glass Mat (AGM) Battery Market by End Use
5.7.1 Automobile
5.7.1.1 Historical Trend (2018-2024)
5.7.1.2 Forecast Trend (2025-2034)
5.7.2 Inverters
5.7.2.1 Historical Trend (2018-2024)
5.7.2.2 Forecast Trend (2025-2034)
5.7.3 Energy Sector
5.7.3.1 Historical Trend (2018-2024)
5.7.3.2 Forecast Trend (2025-2034)
5.7.4 Marine
5.7.4.1 Historical Trend (2018-2024)
5.7.4.2 Forecast Trend (2025-2034)
5.7.5 Others
5.8 Global Absorbent Glass Mat (AGM) Battery Market by Region
5.8.1 North America
5.8.2 Europe
5.8.3 Asia Pacific
5.8.4 Latin America
5.8.5 Middle East and Africa
6 Regional Analysis
6.1 North America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.1.3 Breakup by Country
6.1.3.1 United States of America
6.1.3.2 Canada
6.2 Europe
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
6.2.3 Breakup by Country
6.2.3.1 United Kingdom
6.2.3.2 Germany
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Others
6.3 Asia Pacific
6.3.1 Historical Trend (2018-2024)
6.3.2 Forecast Trend (2025-2034)
6.3.3 Breakup by Country
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 ASEAN
6.3.3.5 Australia
6.3.3.6 Others
6.4 Latin America
6.4.1 Historical Trend (2018-2024)
6.4.2 Forecast Trend (2025-2034)
6.4.3 Breakup by Country
6.4.3.1 Brazil
6.4.3.2 Argentina
6.4.3.3 Mexico
6.4.3.4 Others
6.5 Middle East and Africa
6.5.1 Historical Trend (2018-2024)
6.5.2 Forecast Trend (2025-2034)
6.5.3 Breakup by Country
6.5.3.1 Saudi Arabia
6.5.3.2 United Arab Emirates
6.5.3.3 Nigeria
6.5.3.4 South Africa
6.5.3.5 Others
7 Market Dynamics
7.1 SWOT Analysis
7.1.1 Strengths
7.1.2 Weaknesses
7.1.3 Opportunities
7.1.4 Threats
7.2 Porter's Five Forces Analysis
7.2.1 Supplier's Power
7.2.2 Buyer's Power
7.2.3 Threat of New Entrants
7.2.4 Degree of Rivalry
7.2.5 Threat of Substitutes
7.3 Key Indicators for Demand
7.4 Key Indicators for Price
8 Value Chain Analysis
9 Competitive Landscape
9.1 Supplier Selection
9.2 Key Global Players
9.3 Key Regional Players
9.4 Key Player Strategies
9.5 Company Profiles
9.5.1 Clarios
9.5.1.1 Company Overview
9.5.1.2 Product Portfolio
9.5.1.3 Demographic Reach and Achievements
9.5.1.4 Certifications
9.5.2 Exide Technologies
9.5.2.1 Company Overview
9.5.2.2 Product Portfolio
9.5.2.3 Demographic Reach and Achievements
9.5.2.4 Certifications
9.5.3 Power Sonic Corporation
9.5.3.1 Company Overview
9.5.3.2 Product Portfolio
9.5.3.3 Demographic Reach and Achievements
9.5.3.4 Certifications
9.5.4 Panasonic Corporation
9.5.4.1 Company Overview
9.5.4.2 Product Portfolio
9.5.4.3 Demographic Reach and Achievements
9.5.4.4 Certifications
9.5.5 East Penn Manufacturing Company
9.5.5.1 Company Overview
9.5.5.2 Product Portfolio
9.5.5.3 Demographic Reach and Achievements
9.5.5.4 Certifications
9.5.6 Enersys
9.5.6.1 Company Overview
9.5.6.2 Product Portfolio
9.5.6.3 Demographic Reach and Achievements
9.5.6.4 Certifications
9.5.7 EC&D Technologies, Inc
9.5.7.1 Company Overview
9.5.7.2 Product Portfolio
9.5.7.3 Demographic Reach and Achievements
9.5.7.4 Certifications
9.5.8 Robert Bosch GmbH
9.5.8.1 Company Overview
9.5.8.2 Product Portfolio
9.5.8.3 Demographic Reach and Achievements
9.5.8.4 Certifications
9.5.9 Trojan Battery Company
9.5.9.1 Company Overview
9.5.9.2 Product Portfolio
9.5.9.3 Demographic Reach and Achievements
9.5.9.4 Certifications
9.5.10 Defender Industries
9.5.10.1 Company Overview
9.5.10.2 Product Portfolio
9.5.10.3 Demographic Reach and Achievements
9.5.10.4 Certifications
9.5.11 Others
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