Global sales of automotive lead acid batteries are expected to reach US$ 25.6 Bn in 2021. Fact.MR expects the automotive lead-acid battery industry to grow steadily, registering a CAGR exceeding 5% from 2021-2031. Expected valuation by the end of the forecast period is US$ 41.8 Bn. As per the report, the market is likely to generate an absolute $ opportunity worth US$ 14.5 Bn.
The Market Research Survey of Automotive Lead Acid Battery by “Fact.MR, A Market Research and Competitive Intelligence Provider” highlights the key reasons behind increasing demand and growth. Sales Outlook of Automotive Lead Acid Battery as per the Market Research Survey is fairly positive and expected to register higher market growth during forecast period. The market survey report also provides latest industry analysis on Automotive Lead Acid Battery with key analysis of Automotive Lead Acid Battery market drivers, trends, and influencing factors.
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Key Segments Covered
- Battery Type
- Flooded Automotive Lead Acid Battery
- Enhanced Flooded Automotive Lead Acid Battery
- Absorbent Glass Mat (AGM) Automotive Lead Acid Battery
- Internal Combustion Engine (ICE) Lead Acid Battery
- Hybrid Lead Acid Battery
- Electric Lead Acid Battery
- Vehicle Type
- Automotive Lead Acid Battery for Passenger Cars
- Automotive Lead Acid Battery for Light Commercial Vehicles
Key questions answered in Automotive Lead Acid Battery Market Survey Report:
- What is the current scenario and key trends in Automotive Lead Acid Battery Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Automotive Lead Acid Battery segments and their future potential?
- What are the major Automotive Lead Acid Battery Market drivers and their expected impact during the short, medium, and long terms?
- What is the Automotive Lead Acid Battery Market size and what are the opportunities for the key players?
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Strategic collaborations enable manufacturers to increase production and meet consumer demand which will increase revenue and market share. Despite its highly competitive nature, the market for hybrid electric vehicles is growing rapidly. As the global hybrid electric vehicle market finds itself in a state of increasing competition, companies are working to strengthen their market position and gain traction.
- In June 2019, EnerSys Inc. announced its plans for the expansion of TPPL (Thin Plate Pure Lead) capacity over the period of three years to commercialize its Greenseal Bi-Polar Battery Technology
- In 2018, GS Yuasa Corporation opened its biggest production plant in China for the production of lead acid batteries
- In February 2017, Johnson Controls and Aqua Metals signed the battery recycling technology partnership.
Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Identification of Automotive Lead Acid Battery Market drivers, restraints and other forces impacting the global market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain.
- Evaluation of current Automotive Lead Acid Battery market size, forecast and technological advancements within the industry.
- Key Automotive Lead Acid Battery growth projections and highlights
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The Report Covers Exhaustive Analysis On:
- Automotive Lead Acid Battery Market Drivers, Segments and Restraints.
- Automotive Lead Acid Battery Market Survey and Dynamics
- Automotive Lead Acid Battery Market Size & Demand
- Automotive Lead Acid Battery Key Trends/Issues/Challenges
- Automotive Lead Acid Battery Sales, Competition & Companies involved
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