Press release
Global Automotive Battery Market 2020 Industry Demand, Share, Trend And Research Methodology By Forecast To 2027
Global Automotive Battery Market
The market has witnessed the introduction of automotive battery technology that enables quick recharge and offers power-saving options. In this regard, automobile manufacturers and OEMs are expected to focus on the optimization of smooth power consumption during the development of vehicle system components.
TMR forecasts the global automotive battery market to be valued at US$54.5 bn by 2022 with an estimated 5.7% CAGR during the forecast period of 2017 to 2022.With a 38.0% revenue share achieved in 2017, small sealed lead acid (SSLA) segment is predicted to lead the market on the basis of chemical composition. With a valuation of US$15.1 bn by 2022, Europe is expected to maintain its position as the larger region.
For More Info | Download PDF Brochure, Click Here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1814
Strict Emission Norms and High Demand for Fuel Efficiency Reinforce Growth
The strong growth of SSLLA automotive battery is predicted by market analysts. As more number of electric and plug-in hybrid vehicles are being produced presently, lithium-ion (Li-on) automotive battery is showing a steady sales growth. Owing to the promise of successful commercialization and attractive incentives, OEMs are encouraged to introduce new hybrid and electric models. OEMs are compelled to develop products that fulfill future transportation and similar other requirements because of strict emission norms and global demand for fuel efficiency.
The advent of electric vehicles has caused a growth in both the number of electric vehicle models as well as OEMs. For example, in 2017, Mercedes Benz had decided to introduce plug-in electric vehicle model. Along similar lines, Toyota is expected to launch a plug-in hybrid and all-electric vehicles by the end of 2018.
Underdeveloped Support Infrastructure and Safety Issues Tether Demand
The availability of underdeveloped support infrastructure for electric vehicles is negatively affected by the forecasted demand for automotive battery. Moreover, it is difficult to provide products at a parallel competitive pace for automotive battery manufacturers due to the overflowing sale of compact and mid-sized vehicles compared to other type of vehicles. However, less complaints were lodged by manufacturers for the production of automotive battery for compact and mid-sized vehicles because of the less complexity requirement in additional cost manufacturing.
Regions that exhibit increased trade activities and high demand for commercial aircrafts and automobiles are yet to be explored by manufacturers. These factors have been anticipated to contribute to the growth of the automotive battery market internationally. An important element expected to reinforce the demand for automotive battery is its economic, technological and infrastructural development.
Request For Covid19 Impact Analysis Across Industries And Markets – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1814
The information presented in this review is based on a TMR report, titled “Automotive Battery Market (Chemical Composition – Lithium-ion, Nickel-metal Hydride, Nickel-cadmium, and Small Sealed Lead Acid; Vehicle – Compact, Mid-sized, Premium, Luxury, Commercial, and Heavy Commercial; Sales Channel – OEM and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022.”
The global automotive battery market has been segmented as presented below:
Global Automotive Battery Market: Chemical Composition
Lithium-ion
Nickel-metal Hydride
Nickel-cadmium
Small Sealed Lead Acid
Global Automotive Battery Market: Vehicle
Compact Vehicle
Mid-sized Vehicle
Premium Vehicle
Luxury Vehicle
Commercial Vehicle
Heavy Commercial Vehicle
Global Automotive Battery Market: Sales Channel
OEM
Aftermarket
Global Automotive Battery Market: Region
North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Europe
Germany
U.K.
France
Spain
Italy
Nordic
Japan
Asia Pacific excluding Japan
China
India
Malaysia
Thailand
Singapore
Australia
Middle East and Africa
GCC Countries
South Africa
Nigeria
Israel
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1814
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
About Us:
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Battery Market 2020 Industry Demand, Share, Trend And Research Methodology By Forecast To 2027 here
News-ID: 2129145 • Views: …
More Releases from Transparecy Market Research
Agriculture Lighting Market estimated to be valued at USD 5.4 Billion by 2031
The latest research study released by Transparency Market Research on "Agriculture Lighting Market Forecast to 2023-2031 ″ research provides accurate economic, global, and country-level predictions and analyses.
Agriculture Lighting market is estimated to attain a valuation of US$ 5.4 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 16.8% during…
Pickup Truck Market to Surpass USD 950 Billion by 2030 | Transparency Market Res …
The global Pickup Truck market is estimated to attain a valuation of US$ 950 Bn by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 2% during the forecast period, 2020-2030.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Pickup…
Top Players in Emulsified Fuel:Projections and Future Opportunities Recorded for …
Emulsified Fuel Market: Introduction
• Emulsified fuel is a mixture of surfactant and water in fuel oil. It is used to run boilers and engines (cars, heavy machinery, etc.). When burned, the calorific value of emulsified fuel does not decrease because of the presence of water. This is a key characteristic of emulsified fuel. Furthermore, emulsified fuel offers several benefits. For instance, it curbs emissions of harmful substances, optimizes combustion efficiency, and…
What is the market size and growth rate of the Silicon Oxide Coated Barrier Film …
Silicon Oxide Coated Barrier Films- Market Overview
Increasing preference for products having longer shelf life and ready to consume products is fuelling the demand for better packaging solutions. Barrier films are used to prevent the inside contents of the products from changing taste, aroma, and quality. Different packaging films are being used in packaging of various products such as food & beverages, pharmaceuticals etc. Silicon oxide coated barrier film is the…
More Releases for Automotive
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each…
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction.
The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities…
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future…
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market.
Market Scenario
Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s…
