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GLOBAL AUTOMOTIVE BATTERY MARKET IS PROJECTED TO GROW AT A CAGR OF 4.15% FROM 2016 TO 2021, KEY PLAYERS ARE CAMEL GROUP CO. LTD., DOUGLAS BATTERY, EAST PENN MANUFACTURING CO. INC., EXIDE TECHNOLOGIES, FENG FAN CO. LTD., AND JOHNSON CONTROLS INC.

02-15-2019 08:37 PM CET | Logistics & Transport

Press release from: Kenneth Research

GLOBAL AUTOMOTIVE BATTERY MARKET IS PROJECTED TO GROW AT A CAGR

Automotive batteries are the rechargeable batteries that provide electrical energy to motor vehicles. They are also known as Start Light Ignition (SLI) batteries. With the increasing production and sales of automobiles, the global automotive market has also seen a noticeable increase in the sales over the last 10 years. The factors of growth are rapid urbanization, increased per capita income, and technological advancements, collectively there is an estimated growth in transportation activities resulting in growth of the global automotive battery market. Unorganized market continues to account for a significant number of the overall demand for automotive batteries.

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Market Dynamics The global battery market is projected to grow at a CAGR of 4.15% from 2016 to 2021, to reach a market size of USD 17.26 Billion by 2021. Organized automotive battery players have been able to increase their market penetration over the last decade, globally, as they have been focusing extensively in expanding their product portfolios, offering a wider price range to consumers and increasing their marketing activities for achieving higher market penetration. Major reasons that are expected to drive the market include increasing battery demand from OEMs (Original Equipment Manufacturer), growing battery sales in the replacement market, globally, and increasing penetration of passenger cars in developing countries.

Market Segmentation

Market can be categorized on two types of segments:
1. Types of automotive batteries market lithium ion (Li-ion) nickel-metal hydride (Ni-MH) nickel-cadmium (Ni-Cd) gasoline lead-acid.
2. Application based classification of automotive battery market two/three wheeler's battery car and light van's battery heavy motor vehicle (HMV's) batteries electric or hybrid vehicle's battery.

Regional/Geographic Analysis

The demand for automobiles is increasing in countries like India, Philippines, Indonesia, Malaysia and China becoming as emerging hub for automation development, Asia Pacific region is expected to see a high growth rate in automotive batteries market. Although North America and Europe are seeing a stagnant growth.

Opportunities

The major drivers predicted behind the growth of the global battery market are new hybrid and electric automotive models from OEMs, fuel savings and government incentives for cleaner transportation, growing integration of electronics and growing demand for transportation.

Key Players

Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd., FIAMM S.p.A., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co. Ltd., GS Yuasa Corporation and Shandong Sacred Sun Power Sources Co. Ltd.

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Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

Read More @ https://www.kennethresearch.com/report-details/global-automotive-battery-market/10064094

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc.), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: David
Email: sales@kennethresearch.com
Phone: +1 313 462 0609

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