Press release
Automotive Lead Acid Batteries Market Growth, Overview and Forecast to 2023 - Key Players are C&D Technologies, CSB Battery Co., Ltd., Hitachi Chemical Energy Technology Co. Ltd., Enersys, Exide Industries Ltd., Exide Technologies, and Johnson Controls
Automotive Lead Acid Batteries have been the most common mode of energy storage for the past hundred years. They are utilized in car, desk-bound, and deep cycle programs. Lead-acid batteries had been the dominant battery technology in the car market. Despite the emergence of new technology, its dominance will remain untouched in the years yet to come due to its low value and extended lifespan. It is easily the most effective mode within the automotive vicinity because of its extremely good overall performance
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This market is mainly driven by 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
Automotive Lead Acid Batteries Market Size:
According to Market Data Forecast, The Global Automotive Lead Acid Batteries Market was worth USD 38.85 billion in 2018and is projected to grow at a CAGR of 5.817%, to reach USD 51.54 billion by 2023.
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Automotive Lead Acid Batteries Market:
The automobile Lead Acid Batteries market is categorized via type, application, customer, and Product. Based on the type, it is classified into VRLA, Flooded, and enhanced Flooded batteries. On the premise of application, the marketplace is categorized into LCVs/HCVs, 3 Wheelers, two Wheeler, and the Passenger car. On the basis of product, it's classified into Micro Hybrid and SLI Batteries.
On the basis of regional segmentation, the Automotive Lead Acid Batteries market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia-Pacific led the worldwide vehicle lead-acid batteries marketplace in 2017. The automotive lead-acid batteries marketplace in Asia-Pacific is projected to witness the highest growth over the coming years. Growing demand for the market to fulfill the needs of the increasing populace in Asia-Pacific is predicted to provide major growth prospects.
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Major Players:
The major companies dominating this market for its products and services are
• C&D Technologies, Inc.,
• CSB Battery Co., Ltd.,
• Hitachi Chemical Energy Technology Co. Ltd.,
• East Penn Manufacturing Company,
• Enersys Inc.,
• Exide Industries Ltd.,
• Exide Technologies Inc.,
• GS Yuasa Corporation,
• Johnson Controls Inc.
Key Takeaways from this Report:
· For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
· Identify various driving factors, constraints and untold opportunities that can impact the global marketplace
· Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
· Increase overall revenue by understanding the geographical impact on sales and distribution channels.
· Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
· Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
· Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
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