Automotive Lead Acid Batteries Market and Its Key Opportunities and Challenges

 Breaking News
  • No posts were found

Automotive Lead Acid Batteries Market and Its Key Opportunities and Challenges

Automotive Lead Acid Batteries Market and Its Key Opportunities and Challenges

Browse 96 market data tables and 31 figures spread through 325 pages and in-depth TOC on “Automotive Lead Acid Batteries Market”
Automotive Lead Acid Batteries Market by Product (SLI, and Micro Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM, Aftermarket), End-User (Passenger Car, LCVs/HCVs, Two Wheeler, Three Wheeles)

Rapid industrialization in economies, such as China, India, Indonesia, South Africa, and Brazil and technological developments in the automotive sector has led to the increased need for highly efficient lead acid batteries. The global automotive lead acid batteries market is projected to reach USD 45.03 million by 2021, at a CAGR of 4.8% from 2016 to 2021.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33272549

The passenger cars segment dominated the automotive lead acid batteries market in 2015 and is also expected to witness high growth during the forecast period. This growth can be attributed to the increased demand from India, China, South America, and Africa. The increasing demand from developing countries in Asia-Pacific and the Middle Eastern is also expected to boost the growth of the automotive lead acid batteries market. The growing global population is expected to fuel the demand for passenger cars, which is in turn expected to drive the automotive lead acid batteries market.

Based on type, the enhanced flooded batteries segment of the automotive lead acid batteries market is expected to witness highest growth during the forecast period, in terms of value. These batteries are designed to meet the demand from the automobile industry and offer a cost-effective solution for entry level vehicles. Rising safety concerns in the automotive industry is projected to drive the demand for enhanced flooded batteries.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=33272549

Asia-Pacific dominated the automotive lead acid batteries market in 2015, in terms of value. In the Asia-Pacific region, the automotive lead acid batteries market in Indonesia is projected to witness highest growth between 2016 and 2021. There is a major change in the lifestyles of consumers in several countries in Asia-Pacific. This change has led to increased usage of automobiles, which is projected to boost the demand for automotive lead acid batteries in the region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: India
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-lead-acid-batteries-market-33272549.html

Categories