Press release
Automotive Battery Aftermarket Globally Grow At A CAGR Of 5.61% During The Period 2017 - 2020
Market Research Report
There is always a demand in the automotive world for the replacement of parts and accessories, for which consumers have to increasingly fall back on the aftermarket supplies. This has resulted in the strengthening of the automotive aftermarket for accessories and parts, including batteries. With the continuous technological advancement in the automotive world, the trend to install more and more electrical accessories in vehicles is generating the requirement for more powerful batteries to operate them.
Technavios analysts forecast the global automotive battery aftermarket to grow at a CAGR of 5.61% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive battery aftermarket for 2016-2020. To calculate the market size, the report considers the sales figures of the different vehicles segment such as passenger cars, LCVs, and M&HCVs.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Automotive Battery Aftermarket 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Johnson Controls
Exide Technologies
Panasonic
Robert Bosch
Market driver
Multiple limitations and short life cycle of lead-acid batteries
For a full, detailed list, view our report
Market challenge
Supercapacitors to increasingly replace batteries
For a full, detailed list, view our report
Market trend
Growing demand for absorbent glass mat (AGM) batteries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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About Automotive Battery Aftermarket
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