Automotive Lead Acid Batteries Market worth 45.03 Billion USD by 2021
The report “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) – Global Forecast to 2021″, The global automotive lead acid batteries market was valued at USD 34.30 Billion in 2015 and is projected to reach USD 45.03 Billion by 2021, at a CAGR of 4.8% from 2016 to 2021.
Download Free PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=33272549
Browse 96 market data tables and 31 figures spread through 325 pages and in-depth TOC on “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) – Global Forecast to 2021”
Early buyers will receive 10% customization on reports.
Lead acid batteries have been the dominant battery technology in the automotive market, owing to their low cost and high performance and longevity. With the rising investments in the lead acid batteries in Asia-Pacific, particularly China, Japan and India, is projected to drive the growth of the automotive lead acid batteries market in this region.
Passenger cars is expected to be the fastest-growing end user segment of the global automotive lead acid batteries market
Based on end user, the automotive lead acid batteries market has been segmented into passenger cars, HCVs & LCVs, two wheelers, and three wheelers. The passenger cars segment lad the automotive lead acid batteries market in 2015 and is projected to be the fastest-growing segment from 2016 to 2021. The use of passenger cars is expected to increase in countries, such as China, Japan, France, Germany, Brazil, and South Africa. The extensive usage of the products, such as Starting, Lighting and Ignition (SLI) batteries and VRLA batteries has fueled the growth of the market.
Based on type, flooded lead acid battery was the largest segment of the automotive lead acid batteries market
Based on type, flooded batteries segment was the largest segment of the global automotive lead acid batteries market. These batteries are also called as vented batteries, which require periodic monitoring and topping up with distilled water for longevity to support SLI applications. The demand for enhanced flooded batteries and VRLA batteries is projected to increase in near future, as these batteries offer a cost-effective solution for entry level start-stop vehicles. VRLA batteries are engineered to operate at changing temperatures and can be installed at different orientations, unlike flooded batteries.
Asia-Pacific was the largest market for the automotive lead acid batteries market in 2015
Asia-Pacific was the largest automotive lead acid batteries market in 2015. High growth in the automotive sector in the region is expected to boost the demand for automotive lead acid batteries in the region.
Key players operational in the automotive lead acid batteries market include Johnson Controls Inc. (U.S.), G.S.Yuasa Corporation (Japan), Exide Technologies Inc. (U.S.), and EnerSys Inc. (U.S.).
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, “Knowledgestore” 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.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441