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2023 Global Automotive Lead Acid Batteries Market Size, Share, Forecast, Growth, Drivers And Report Analysis 2023-2032
Automotive Lead Acid Batteries Market Report
Automotive Lead Acid Batteries Market Size, Growth Rate, And Forecast:
The global automotive lead acid batteries market size is expected to grow from $34.38 billion in 2022 to $36.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive lead acid batteries market size is expected to grow to $42.98 billion in 2027 at a CAGR of 4.4%.
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Automotive Lead Acid Batteries Market Drivers:
The rise in demand for electric vehicles is expected to propel the growth of the automotive lead-acid batteries market going forward. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourages the use of electric vehicles. These factors increases the demand for automobile lead-acid batteries, offering high power, inexpensive, safe, and reliable drive.
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Automotive Lead Acid Batteries Market Segments
•By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
•By Product: SLI Batteries, Micro Hybrid Batteries
•By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales via Aftermarket
•By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Lead Acid Batteries market.
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Automotive Lead Acid Batteries Market Key Players:
Major competitors in the Automotive Lead Acid Batteries market include GS Yuasa International Limited, Johnson Controls Inc., Exide Industries Limited, EnerSys Inc., Panasonic Corporation, CSB Battery Company Limited.
The Business Research Company's "Global Automotive Lead Acid Batteries Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Lead Acid Batteries Market Include:
1. Executive Summary
2. Automotive Lead Acid Batteries Market Characteristics
3. Automotive Lead Acid Batteries Market Trends And Strategies
4. Automotive Lead Acid Batteries Market - Macro Economic Scenario
5. Automotive Lead Acid Batteries Market Size And Growth
......
26. Africa Automotive Lead Acid Batteries Market
27. Automotive Lead Acid Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lead Acid Batteries Market
29. Automotive Lead Acid Batteries Market Future Outlook and Potential Analysis
30. Appendix
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