Global Automotive Lead Acid Batteries Market, By Product Type (SLI, Stationary, Motive), Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries), Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars), Application (Electric Vehicles, Hybrid Vehicles, Light Motor Vehicles, Heavy Motor Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Lead Acid Batteries Market
The automotive lead acid batteries market will reach at an estimated value of USD 59.17 billion and grow at a CAGR of 4.3% in the forecast period of 2021 to 2028. Rising advancements in manufacturing processes of lead acid batteries is an essential factor driving the automotive lead acid batteries market.
Lead acid batteries are the type of devices which are used for storage of electricity that can be used during an emergency or wherever power supply connection is not available. Governments have started offering subsidies to manufacture low cost electric vehicles, which do not pollute the environment.
Rising demand for automotive lead acid batteries in electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles is a crucial factor accelerating the market growth, also growing population, increasing disposable income of people, rising government subsidiaries and stringent regulations regarding pollution emission, rising cost-competitive energy storage solution, rising rapid technological advancements and expansion in the telecom sector and these batteries are also easily recyclable compared with lithium-Ion batteries which acts as the major factors among others boosting the automotive lead acid batteries market. Moreover, rising expanding data centre infrastructure, rise in renewable energy generation target and rising research and development activities in the market will further create new opportunities for automotive lead acid batteries market in the forecast period mentioned above.
However, low-cost alternatives in energy storage space and rising safety related issues to battery usage are the major factor among others restraining the market growth, while limited usage capacity of lead acid batteries and rising growth of electric vehicles will further challenge the automotive lead acid batteries market in the forecast period mentioned above.
This automotive lead acid batteries market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive lead acid batteries market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Lead Acid Batteries Market Scope and Market Size
The automotive lead acid batteries market is segmented on the basis of product type, type, vehicle type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the automotive lead acid batteries market is segmented into SLI, stationary and motive.
- Based on type, the automotive lead acid batteries market is segmented into flooded batteries enhanced flooded batteries and VRLA batteries.
- Based on vehicle type, the automotive lead acid batteries market is segmented into passenger cars, commercial vehicles, two-wheelers and HEV cars.
- The automotive lead acid batteries market is also segmented on the basis of application into electric vehicles, hybrid vehicles, light motor vehicles and heavy motor vehicles.
Automotive Lead Acid Batteries Market Scope Country Level Analysis
The automotive lead acid batteries market is analysed and market size, volume information is provided by country, product type, type, vehicle type and application as referenced above.
The countries covered in the automotive lead acid batteries market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive lead acid batteries market due to surging production of motorcycles, rising expanding data centre infrastructure, rise in renewable energy generation target, rising advancements in manufacturing processes of lead acid batteries, increasing ownership of two-wheelers as a means of commute and rising government subsidiaries and stringent regulations regarding pollution emission in this region.
The country section of the automotive lead acid batteries market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Lead Acid Batteries Market Share Analysis
The automotive lead acid batteries market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive lead acid batteries market.
The major players covered in automotive lead acid batteries market report are Johnson Controls, Exide Technologies, GS Yuasa International Ltd., Mebco, Reem Batteries & Power Appliances Co. SAOC, ENERSYS, Saft, NorthStar, C&D TECHNOLOGIES, Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, SAMSUNG SDI CO.,LTD, Leoch Battery Corporation, EXIDE INDUSTRIES LTD, CENTURY BATTERIES INDONESIA, Tai Mao Battery Co., Ltd., and CSB Energy Technology Co., Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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