Press release
Automotive Lead Acid Battery Market : Size, Share & Trends by Product, Type, Customer Segment, End User & Application (2023-2032)
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ & ๐๐๐ : https://www.alliedmarketresearch.com/request-toc-and-sample/A13872
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Government across major countries have announced lockdown and business shutdown due to the COVID-19. All the manufacturing of automobiles has been halted due to the lockdown which affected the demand for the automotive lead-acid battery. Moreover, the unavailability of raw materials is further disrupted the manufacturing of batteries. Furthermore, social distancing norms, other restrictions, unavailability of labor for battery production and supply impacted the market. The sale of electric vehicles has increased than the previous year which is expected to drive the automotive lead-acid battery in the post-pandemic phase during the pandemic. The automotive lead-acid battery market is an evolving sector due to the rise in demand for automobiles.
๐๐จ๐ฉ ๐๐ฆ๐ฉ๐๐๐ญ๐ข๐ง๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
The rise in vehicle production, the development of advanced & maintenance-free batteries, and electronic application in vehicles are expected to drive the growth of the market.
However, the demand for lithium-ion batteries and the risk of battery explosion due to overcharging can hamper the product growth.
Moreover, the rise in demand for electric vehicles, and stringent government regulations regarding fuel emission act as an opportunity.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/automotive-lead-acid-battery-market/purchase-options
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐๐ฌ
The advancement of alternative fuel vehicles has increased the demand for battery-operated and hybrid vehicles. In addition, to reduce crude oil consumption, automotive emissions, and air pollution, government authorities across the globe have adopted and implemented favorable policies, which promote the use of electric vehicles.
For instance, Mahindra & Mahindra announced in 2021 that they are planning to invest $ 402 million in electric vehicles in the next 3 years and has set a goal to put 500,000 electric vehicles on Indian roads by 2025. Thus, all these new development in the electric vehicles sector act as an opportunity for the growth of the automotive lead-acid battery market.
๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ฅ๐ข๐ญ๐ก๐ข๐ฎ๐ฆ-๐ข๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ข๐๐ฌ
Lithium-ion batteries are expected to witness substantial growth in the coming future, owing to the growing demand for the storage of electricity in electric vehicles. These batteries are lightweight and compact, which makes them the strongest contenders in the battery energy storage market. Moreover, lithium-ion batteries use non-aqueous electrolytes that offer high operating voltages compared to lead-acid batteries and sodium-sulfur batteries, which use aqueous electrolytes. Thus, it is expected to hamper the growth of the automotive lead-acid battery market.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A13872
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
This study presents the analytical depiction of the automotive lead-acid battery market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with the challenges of the automotive lead-acid battery market.
The current market is quantitatively analyzed to highlight the automotive lead-acid battery market growth scenario.
The report provides a detailed automotive lead-acid battery market analysis based on competitive intensity and how the competition will take shape in the coming years.
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
Which are the leading market players active in the automotive lead-acid battery market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the automotive lead-acid battery market?
What are the projections for the future that would help in taking further strategic steps?
๐๐จ๐ง๐ญ๐๐๐ญ :
David Correa
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Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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