GCC Automotive Lead-Acid Battery Market Size, Top Manufacturers, Price, Growth Factors and Forecast 2022-2027

According to IMARC Group latest report titled "GCC Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on GCC Automotive Lead-Acid Battery market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The GCC automotive lead-acid battery market size reached US$ 359.4 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 453.9 Million by 2027, exhibiting a growth rate (CAGR) of 3.88% during 2022-2027.

An automotive lead-acid battery is one of the key components in automobiles, which is a rechargeable battery widely utilized for propelling the engine. It comprises a metallic lead anode and a lead-dioxide cathode plate immersed in the sulfuric acid solution that aid in igniting a vehicle's engine along with supplying current to the automobile. It is a starting, lighting and ignition (SLI) system that is cost-effective, robust and durable in nature and can tolerate overcharging compared to lithium-ion batteries. As a result, it is integrated into numerous conventional combustion engine vehicles as it exhibits excellent cell voltage and large power-to-weight ratio.

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Market Trends:

The GCC market is majorly driven by significant growth in the automotive industry. This is attributed to the increasing production and selling of automobiles and the rising adoption of vehicles for personal use. In addition to this, the growing utilization of lead-acid batteries to supply voltage to vehicle accessories, such as air conditioners (ACs), charging plugs, wipers, radios, and music systems, is significantly boosting the demand for lead-acid batteries in the GCC region. Moreover, the rising preference for lead-acid batteries on accounts of their advantages, such as resistance to corrosion and abrasion and high current delivery, is creating a positive market outlook. Other factors driving the market further include increasing collaborations or partnerships among leading manufacturers and extensive research and development (R&D) activities conducted by key players.

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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.

GCC Automotive Lead-Acid Battery Market Segmentation:

Our report has categorized the market based on country, vehicle type, product, type and customer segment.

Key Regions Analysed:
• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Oman
• Kuwait
Analysis for Each Country

Market by Vehicle Type:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• HEV Cars

Market by Product:
• SLI Batteries
• Micro Hybrid Batteries

Market by Type:
• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries

Market by Customer Segment:
• OEM
• Replacement
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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