Press release
Car Batteries Market will reach 25400 million US$ in 2023
Car Batteries are batteries that powers the starter motor, mainly in combustion vehicles. Car Batteries are usually lead-acid type, and is made of six galvanic cells connected in series to provide a nominally 12-volt system.
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Global Car Batteries Market: Forecast by Type / Application / Region
On the basis of type, VRLA Battery is the largest segment with around 74.58% revenue share of the total market in 2017. The next large types are Flooded Battery, accounting for about 23.37% in terms of revenue.
On the basis of geography, the global Car Batteries market is segmented into regions, namely, North America, Europe, China, Japan, India, Southeast Asia and RoW. In 2017, Europe is the largest consumer as well as the steady growing regional market for Car Batteries and held 25.17% share in the global market, followed by North America with the market share of 20.97%. The demand for Car Batteries has been rapid increasing in Asian countries, especially in China and India.
The worldwide market for Car Batteries is expected to grow at a CAGR of roughly 5.7% over the next five years, will reach 25400 million US$ in 2023, from 18200 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
Johnson Controls
GS Yuasa
Exide Technologies
Hitachi Chemical
Camel Group
Sebang
Atlas BX
CSIC Power
East Penn
Banner Batteries
Chuanxi Storage
Exide Industries
Ruiyu Battery
Amara Raja
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Related Information:
United States Car Batteries Market 2018 Forecast to 2023
Europe Car Batteries Market 2018 Forecast to 2023
North America Car Batteries Market 2018 Forecast to 2023
Asia-Pacific Car Batteries Market 2018 Forecast to 2023
China Car Batteries Market 2018 Forecast to 2023
EMEA Car Batteries Market 2018 Forecast to 2023
Global Car Batteries Market 2018 Forecast to 2023
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