Press release
Lead-Acid Battery Market to Witness a Rise of US$ 94,821.6 Mn through 2017-2027
In the latest report by FMI on the global lead-acid battery market, the forecast has been revised till 2027. Previously the market in 2016 was estimated to be 464,208 thousand units and in the current release the estimated numbers have been revised to 594,125 thousand units for 2016 with a 10 year CAGR (2017-2027) at 3.7%. Owing to macro-economic growth factors (GDP, inflation, employment, spending) growth and update of scope (including two wheeler, marine, aerospace and others) in the target market the market size has been revised for the entire forecast period.
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Regional Market Projections
APEJ is expected to be the leading region with a 39.0% market share in terms of volume in the global lead-acid battery market by the end of 2017. China is expected to hold a dominant revenue share in the APEJ lead-acid battery market through 2027. The North America market is projected to hold a significant market share in terms of value in the global lead-acid battery market over the forecast period, exhibiting a CAGR of 4.2% during the said period.
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Vendor Insights
The report highlights some of the top companies operating in the global lead-acid battery market such as Crown Battery Corporation, Furukawa Electric Co. Ltd., Narada Power Source Co. Ltd., NorthStar Battery Company LLC, Johnson Control International Plc, Leoch International Plc., Yokohama Batteries Sbn. Bhd., EnerSys, Exide Industries Ltd., GS Yuasa Corporation, Hoppecke Batterein GmbH & Co. KG., C&D Technologies, Inc., Coslight Technologies International Group Co. Ltd., East Penn Manufacturing Co. Top market players are focussing on mergers and acquisitions of small and established players to strengthen their presence in the global lead-acid battery market.
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