According to new research study the report “Global Automotive Lead Acid Batteries Market, By Product Type (SLI, Stationary, Motive), By Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries), By Application (Electric Vehicles, Hybrid Vehicles, Light Motor Vehicles, Heavy Motor Vehicles)” – Industry Trends and Forecast to 2024
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The Global Automotive Lead Acid Batteries Market accounted for USD 35.70 billion in 2016 and is projected to grow at a CAGR of 4.5% during the forecast period of 2017 to 2024.
- No of pages: 350
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Market Definition of Automotive Lead Acid Batteries Market
Lead acid batteries are the devices used for storage of electricity that 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.
Growing demand for automotive lead acid batteries in electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles is expected to be a key driver of the market over the next seven years.
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- No of Figures: 60
Report Segmentation of Automotive Lead Acid Batteries Market
The automotive lead acid batteries market share is segmented on the basis of product type into SLI, stationary and motive.
- On the basis of application, the market is segmented into flooded batteries, enhanced flooded batteries and VRLA batteries.
- On the basis of application, the market is segmented into electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles.
- On the basis of geography, the automotive lead acid batteries market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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The global automotive lead acid batteries market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
- No of Tables: 220
Major Market Competitors:
Some of the major players in automotive lead acid batteries market include Johnson Controls Inc., Exide Technologies Inc., GS Yuasa Corporation, Middle East Battery Company, Reem Batteries & Power Appliances Co. Saoc, Enersys Inc., Saft Groupe S.A., Northstar Battery Company LLC., C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd, Exide Industries Ltd., Koyo Battery Co., Ltd., Tai Mao Battery Co., Ltd., PT Century Batteries Indonesia, Thai Bellco Battery Co.,Ltd., Thai Bellco Battery Co., Ltd., CSB Battery Co., Ltd.
(Hitachi Chemical Energy Technology Co. Ltd.) and many more.
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Summary of Market Drivers and Restraints:
- Growing demand for electric and hybrid electric vehicles
- Advancements in manufacturing processes of lead acid batteries
- Government subsidiaries and stringent regulations regarding pollution emission
- High lead content can harm the environment
Research Methodology of Global Automotive Lead Acid Batteries Market:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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