Press release
Emerging Markets has Significantly Boosted the Automotive Battery Market
he report on ‘Automotive Battery Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019’ comprises a comprehensive study of the current growth trends, market inhibitors, and propellants for batteries used in automobiles. This market is witnessing a sea change-both in terms of technology as well as geographical market share.The report offers a snapshot of all these changes using proven and accepted research tools and methodologies. We highly recommend this market research report if you are looking for reliable market projections and value-chain analysis for the automotive battery market. This report studies markets that hold immense significance globally. Whether you are engaged in the core areas of automotive battery production or in an ancillary industry that is a part of this industry’s value-chain, this report brings you up to speed with the latest developments. The report also features analyses of recent technological developments and Porter’s five force model analysis. A detailed Company Profiles section has been included to offer you an overview of what your competitors are planning in the years ahead.
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Market Overview
The global market for automobiles is witnessing a continuous expansion, especially in developing economies of the world. This positively impacts the market for automotive batteries as well. The largest market for automotive batteries is North America, which is closely followed by the European and Asia-Pacific markets. China ranks as the fastest growing automotive battery market thanks to the highest global demand for both commercial and passenger vehicles here. Besides the growing demand itself, the market is further boosted thanks to a growing interest in investments towards carrying out R&D activities in this sector. These research activities are primarily funded by automobile or battery manufacturers, and have resulted in some encouraging breakthroughs. This has helped bring about perceptible changes in the product landscape, besides increasing market demand. It is estimated that the battery replacement market alone accounts for nearly 80% of the entire automotive batteries market.
Batteries can be divided based on the type of vehicle in which they are used as: two-wheeler, medium commercial, three-wheeler, utility vehicle, passenger car, light commercial vehicle, and farm vehicle. Consumers are showing a progressive interest in electric vehicles that are powered by traction batteries. Automotive batteries can also be classified based on technology as and within this segment, Nickel-Metal Hydride batteries are projected to show the highest rate of growth.
This market research report features leading market players including but not limited to: Exide Technologies, Johnson Controls, Camel Group, GS Yuasa, Fengfan and Fiamm Group, and East Penn Manufacturing.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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