Press release
Automotive Lead Acid Battery Market is expected to increase at 4.2% CAGR during 2016 - 2026
Lead acid batteries are widely used for starting, lighting, and ignition purposes in automobiles. Stable growth in automotive production, promising vehicle sales outlook in developing economies, and expanding size of fleet on road are expected to fuel demand for lead acid batteries during the forecast period. Technological advancements in powertrains and carbon emission reduction; and growth in wireless charging infrastructure are other key factors expected to drive growth of the automotive lead acid battery market during the forecast period.
A sample of this report is available upon request@ https://www.futuremarketinsights.com/reports/sample/rep-gb-1482
Automotive Lead Acid Battery Market Segmentation
FMI’s report offers a 10-year market forecast on the lead acid battery market, segmenting the market on the basis of sales channel, vehicle type, battery type, and region. Region-wise, the report has analysed the automotive lead acid battery market in the five regions of Asia Pacific, North America, Latin America, Europe, and Middle East & Africa (MEA). Asia Pacific is the largest market for automotive lead acid batteries, accounting for nearly 33% revenue share in 2015. FMI expects the Asia Pacific automotive lead acid battery market to increase at the highest CAGR during the forecast period. Demand for lead acid batteries in the region is driven by steady growth in vehicle parc in China, India, Japan, South Korea, and Thailand.
Key insights
Market projections based on segmentation
Segmentation by
Market forecast
Sales Channel
OEM
Aftermarket
The aftermarket segment accounted for higher revenue share in 2015; FMI estimates the aftermarket segment to witness higher CAGR than the OEM segment
Vehicle Type
Passenger vehicles
Light commercial vehicles
FMI estimates the passenger vehicle segment to increase at 4.4% CAGR through 2026
Battery Type
Flooded
Enhanced flooded
AGM
Currently, flooded batteries are sought after by both OEMs and vehicle owners. However, during the forecast period, enhanced flooded and AGM batteries will steadily gain traction owing to their advanced features
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The key players profiled by FMI in this report include Enersys Inc., Johnson Control Inc., GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Ltd., Exide Technologies, East Penn Manufacturing Company, CBS Battery Technologies, Exide Industries, and FIAMM SpA.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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