[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2019-06-18
310
Global
Today’s lead acid batteries, found in majority of automobiles and require supplementary technological advances before they can be applied broadly to tomorrow’s electric vehicles. Still required are enhancements in safety and durability, along with cost declines. Even though new battery technologies have emerged, its dominance is likely to remain untouched over the forecast period due to its low cost and longer lifecycle. Automotive electrical equipment such as lights and air conditioners would not work without batteries. Batteries are vital to support the automotive electrical equipment such as lights and air conditioners of cars and motorcycles, without them most vehicles would not work. With the coming shift to electric vehicles and rising use of electronics in automobiles, the importance of lead acid batteries will only grow and will aid automotive lead acid battery market growth.
Goldstein Research analyst forecast global automotive lead acid battery market is likely to grow exponentially with the emergence of electric vehicles in coming years and growing number of electric equipment in automobiles. Moreover, the market is anticipated to reach USD 33.5 billion at a CAGR of 4.5% over the forecast period i.e. 2016-2024.
By Product Type
By Vehicle Type
By Distribution Channel
By Geography
Based on vehicle type, passenger cars accounted for the largest market share of more than 42% in 2016. Moreover, passenger cars are expected to be the fastest growing and most opportunistic segment over the forecast period owing to emerging market of electric vehicles.
Geographically, Asia Pacific region accounted for the largest market share of about 35% in terms of revenue owing to huge automotive and electric vehicle industry in the region. Africa and South East Asian Countries Showcase the huge potential as the automobile industry in these regions is gradually increasing.
According to our global automotive lead acid battery market study on the basis of extensive primary and secondary research, one major trend is the rapid adoption of fuel-efficient technologies for environment friendly vehicles, such as start and stop cars and hybrid vehicles. The market players are working to develop high-performance, high-quality batteries for these vehicles and to release them into the market, which is significantly driving the growth of lead acid battery market growth.
According to the report, major driver in global automotive lead acid battery market is steadily growing automotive industry, demand for start and stop vehicles and fuel-efficient cars is expected to rise sharply at the back of adoption of stringent exhaust gas emission regulations. In response, the manufacturing of high-performance lead-acid batteries for eco-friendly vehicles will grow considerably.
Further, the report states the challenges in global automotive lead acid battery market is environmental impact from their construction, use, disposal or recycling. Moreover, deep-cycle lead acid batteries are costly and have a shorter life than the vehicle itself and typically demands replacement every 3 years.
The report covers the present ground scenario and the future growth prospects of the global automotive lead acid battery market for 2016-2024 along with the total revenue of automotive battery industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment and region. The revenue forecast is given on the basis of number of market players and current growth rate of the market.
Global Automotive Lead Acid Battery Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global automotive lead acid battery market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global automotive lead acid battery market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global automotive lead acid battery market report comprises of the following companies as the key players in the global automotive lead acid battery market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747China Fuel Cell Market-Trends, Key Players, Growth Factors, Challenges, Company Profiling & Scope Analysis By Fuel Cell Type(Alkaline, Phosphoric Acid, Molten Carbonate, Solid Oxide, Proton Exchange Membrane, Direct Methanol), By Application and By Region for Forecast Period 2016-2024
Lithium Ion (Li-ion) Battery Market Analysis by power rating and by end user with regional outlook and forecast to 2024
Asia Pacific Lithium Ion Battery Market Research Report, Trends, Growth Analysis, By End Users, By Power Rating & by Region with Forecast 2017-2030
Global Automotive Battery Market Analysis By Product Type(Lead-acid, Nickel Metal-Hydride, Lithium-ion), By Vehicle Type & By Distribution Channel with Regional Outlook and Forecast to 2024
Battery Energy Storage System Market- By Technology(Peak shaving, Peak demand shifting, Frequency regulation, Load leveling), By Battery Type(Lithium-Ion, Lead-Acid, Nickel Cadmium Battery, Vanadium Redox-Flow, Sodium-Sulphur Batteries), By Solution(On & Off-Grid), By End User