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Automotive Lead-acid Battery Market to grow by USD 2.88 billion through 2025|Impacts of Drivers and Challenges|Technavio

Automotive

Automotive Lead-acid Battery Market by Application and Geography – Forecast and Analysis 2021-2025″ report has been added to Technavio’s offering.

Automotive

NEW YORK, May 25, 2021 The “Automotive Lead-acid Battery Market by Application and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering.

The automotive lead-acid battery market is set to grow by USD 2.88 billion, progressing at a CAGR of about 2% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The automotive lead-acid battery market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

Technavio’s in-depth market research reports include value chain analysis and validation techniques employed for market sizing on various markets to help industry leaders improve their business.

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Automotive Lead-acid Battery Market: Segmentation by Application

Based on the segmentation by application, the market generated maximum revenue in the aftermarket segment in 2020. Owing to the increase in passenger cars, commercial vehicles, and two-wheelers worldwide, there will be an increase in the automotive lead-acid battery market by the aftermarket. The growth of the segment will be significant over the forecast period.

Automotive Lead-acid Battery Market: Segmentation by Geography

60% of the market’s growth will originate from APAC and held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the increasing adoption of automobiles which will significantly influence automotive lead-acid battery market growth in APAC over the forecast period. China, Japan, and India are the key markets for automotive lead-acid batteries in APAC.

Automotive Lead-acid Battery Market: Opportunities

Factors such as increasing the adoption of automobiles, increasing sales of premium cars, and the improving buying power of the middle-class population are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the automotive sector. This will create considerable demand for the automotive lead-acid batteries market thereby opening several growth opportunities for market vendors.

Know more about Techanavio’s analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption:

Download the Automotive Lead-acid Battery Market Analysis Report

Key Market Dynamics:

Market Drivers

  • Growth in the automotive market
  • Increasing electronic applications in passenger cars|
  • Demographic shift

Market Challenges

  • Lead pollution and stringent laws
  • Declining Li-ion battery prices
  • Rising adoption of fuel cells in automotive industry

Companies Mentioned

  • Amara Raja Batteries Ltd.
  • Camel Group Co. Ltd.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Exide Technologies
  • GS Yuasa Corp.
  • HBL Power Systems Ltd.
  • Leoch International Technology Ltd.
  • The Furukawa Battery Co. Ltd.

Get more insights about the global trends impacting the future of the automotive lead-acid battery market,

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Available Customization

Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the automotive lead-acid battery market report

  • Further breakdown of the market segmentation in requested regions.
  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.

Key Topics Covered

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Application
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Automotive Lead-acid Battery Market to grow by USD 2.88 billion through 2025|Impacts of Drivers and Challenges|Technavio

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