Press release
Automotive Lead Acid Battery Market Demand to Reach US$ 33.14 Bn by 2026
Click to View Complete Report @ https://www.futuremarketinsights.com/reports/automotive-lead-acid-battery-market
Lead acid batteries are widely used for starting, lighting, and ignition purposes in automobiles. Stable growth in automotive production, promising vehicle sales outlook in developing economies, and expanding size of fleet on road are expected to fuel demand for lead acid batteries during the forecast period. Technological advancements in powertrains and carbon emission reduction; and growth in wireless charging infrastructure are other key factors expected to drive growth of the automotive lead acid battery market during the forecast period.
The global automotive lead acid battery market covers five major regions -- Asia Pacific, North America, Latin America, Europe, and Middle East & Africa (MEA). In terms of value, Asia Pacific has been estimated to account for the largest share in the global automotive lead acid battery market – with over 33% market share in 2015 – followed by Europe and North America. Among all the regions, the Asia Pacific market is anticipated to register the highest CAGR over 2016 - 2026, followed by Middle East & Africa (MEA). The market in MEA is in the nascent stage, primarily due to low automotive production and vehicle parc.
The key players profiled by FMI in this report include Enersys Inc., Johnson Control Inc., GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Ltd., Exide Technologies, East Penn Manufacturing Company, CBS Battery Technologies, Exide Industries, and FIAMM SpA.
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/automotive-lead-acid-battery-market/toc
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