Automotive Lead Acid Battery Market Worth $34,535.01 Million in 2027 | Key Drivers, Restraints & Opportunity
NEW JERSEY, UNITED STATES, September 21, 2022 /EINPresswire.com/ -- Description
New Research Study ""Automotive Lead Acid Battery Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook"" has been added to Coherent Market insight
Automotive lead acid batteries are more durable than their counterparts, and are much easier to maintain. A good lead acid battery should last at least five years under normal conditions. The electrodes of a lead acid battery are made of lead, however, this metal is too soft to serve its purpose alone. For this reason, small quantities of other metals are added to lead to improve its electrical performance and strength. Typical additive metals are antimony, calcium, tin, and selenium. Lead acid batteries are often made up of several cells, each capable of providing 2.1 volts of electricity.
According to our (Coherent market insights) latest study, due to COVID-19 pandemic, The global Automotive Lead Acid Battery market is estimated to account for US$ 34,535.01 million by 2027
In addition to discussing development policies and plans, manufacturing procedures and cost structures are also analyzed. Additionally, this report includes data on supply and demand, import/export consumption, cost, price, income, and gross margins.
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The research focuses on the world's largest, most influential market players and provides details on them, including company profiles, product specifications, prices, costs, and contacts.
The key segmentation factors that support the global Automotive Lead Acid Battery Market's success in the current environment are discussed in this research along with statistics on the company's growth. The significance of regional classification in the global Automotive Lead Acid Battery Market is also highlighted in the report. The global Automotive Lead Acid Battery market will eventually generate more profits and have a higher market size than was previously anticipated due to rising demand.
The report's 140 Pages provide important facts about the industry's state and are a great resource for businesses and direction for companies and individuals interested in the market
Major Key players in this Market:
◘ Exide Technologies
◘ Enersys Inc.
◘ FIAMM S.p.A
◘ Johnson Controls Inc.
◘ Exide Industries
◘ GS Yuasa Corporation
◘ CSB Battery Technologies
◘ Panasonic Corporation
◘ East Penn Manufacturing Company
◘ Leoch International Technology Limited.
Market Dynamics:
The sales of automobiles and the replacement market for used batteries is growing and this in turn is expected to augment growth of the global automotive lead acid battery market over the forecast period. For instance, as per the data of India Brand Equity Foundation, sales of electric vehicles in third quarter of FY22 increased to 5,592 units and the overall sales of electric vehicles in 2021 was 329,190 units in India showing a 168% year on year growth compared to the sales of previous year, which was 122,607 units.
However, availability of low cost alternatives, rise in safety related issues of battery usage is likely to restrain growth of the global automotive lead acid battery market over the forecast period.
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Detailed Segmentation:
Global Automotive lead acid battery Market, By Battery Type:
◘ Flooded
◘ Enhanced Flooded
◘ AGM
Global Automotive lead acid battery Market, By Sales Channel:
◘ OEM
◘ Aftermarket
Global Automotive lead acid battery Market, By Vehicle Type:
◘ Passenger car
◘ Light commercial vehicle
Market segment by Region/Country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Impact of COVID-19:
The global automotive industry was severely impacted by the COVID-19 pandemic. The outbreak of virus in China spread across more than 100 countries due to which several countries implemented stringent lockdown regulations. During this time, following the lockdown regulations many of the major market activities such as manufacturing of products, supply of raw materials, and distribution operations were disrupted. The demand for products in automotive industry significantly declined during the COVID-19 pandemic negatively affecting growth of the market in discussion. However, along with improving pandemic situation, the market growth is likely to recover.
Key Takeaways:
◘ The global automotive lead acid battery market is estimated to grow, with a CAGR of XY% over the forecast period due to increase in global population along with growing disposable income of people. For instance, as per the data of World Bank, the global population increased from 7.68 billion in 2019 to 7.76 billion in 2020.
◘ Asia Pacific is anticipated to witness substantial growth in the global automotive lead acid battery market over the forecast period, owing to increased motorcycle production, expansion of data center infrastructure, and increasing advancements in manufacturing processes of lead acid batteries in the region.
◘ Key players functioning in the global automotive lead acid battery market are NorthStar Battery Company LLC, Johnson Controls, Trojan Battery Company, Exide Technologies, Samsung SDI Company Limited, GS Yuasa International Ltd., EnerSys Inc., Reem Batteries & Power Appliances Co. SAOC, Robert Bosch GmbH, and C&D TECHNOLOGIES.
Reasons to buy the report:
○ To provide a comprehensive picture of the Automotive Lead Acid Battery market, illustrative segmentation, analysis, and forecasting of the market have been undertaken based on type, offering, deployment, process, industry, and region.
○ In order to offer comprehensive insights into the Automotive Lead Acid Battery market, a value chain analysis has been completed.
○ This study provides an in-depth analysis of the Automotive Lead Acid Battery market's major drivers, restraints, opportunities, and challenges.
○ The study includes important participants, a comprehensive analysis of their income streams, and a full competitive landscape of the market.
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Table of Contents with Major Points:
1 Industry Overview
1.1 Basic Information of Automotive Lead Acid Battery
1.1.1 Definition of Automotive Lead Acid Battery
1.1.2 Classifications of Automotive Lead Acid Battery
1.1.3 Applications of Automotive Lead Acid Battery
1.1.4 Characteristics of Automotive Lead Acid Battery
1.2 Development Overview of Automotive Lead Acid Battery
1.3 Enter Barriers Analysis of Automotive Lead Acid Battery
2 Automotive Lead Acid Battery International and China Market Analysis
2.1 Automotive Lead Acid Battery Industry International Market Analysis
2.1.1 Automotive Lead Acid Battery International Market Development History
2.1.2 Automotive Lead Acid Battery Competitive Landscape Analysis
2.1.3 Automotive Lead Acid Battery International Main Countries Development Status
2.1.4 Automotive Lead Acid Battery International Market Development Trend
2.2 Automotive Lead Acid Battery Industry China Market Analysis
2.2.1 Automotive Lead Acid Battery China Market Development History
2.2.2 Automotive Lead Acid Battery Competitive Landscape Analysis
2.2.3 Automotive Lead Acid Battery China Main Regions Development Status
2.2.4 Automotive Lead Acid Battery China Market Development Trend
2.3 Automotive Lead Acid Battery International and China Market Comparison Analysis
3 Environment Analysis of Automotive Lead Acid Battery
3.1 International Economy Analysis
3.2 China Economy Analysis
3.3 Policy Analysis of Automotive Lead Acid Battery
3.4 News Analysis of Automotive Lead Acid Battery
4 Analysis of Revenue by Classifications
4.1 Global Revenue of Automotive Lead Acid Battery by Classifications 2022-2030
4.2 Global Revenue Growth Rate of Automotive Lead Acid Battery by Classifications 2022-2030
4.3 Automotive Lead Acid Battery Revenue by Classifications
5 Analysis of Revenue by Regions and Applications
5.1 Global Revenue of Automotive Lead Acid Battery by Regions 2022-2030
5.2 2022-2030 USA Revenue and Revenue Growth Rate of Automotive Lead Acid Battery
5.3 2022-2030 Europe Revenue and Revenue Growth Rate of Automotive Lead Acid Battery
5.4 2022-2030 Japan Revenue and Revenue Growth Rate of Automotive Lead Acid Battery
5.5 2022-2030 China Revenue and Revenue Growth Rate of Automotive Lead Acid Battery
6 Analysis of Automotive Lead Acid Battery Revenue Market Status 2022-2030
6.1 Revenue of Automotive Lead Acid Battery 2022-2030
6.2 Revenue Market Share Analysis of Automotive Lead Acid Battery 2022-2030
6.3 Revenue Overview of Automotive Lead Acid Battery 2022-2030
6.4 Gross Margin of Automotive Lead Acid Battery 2022-2030
7. Company Profiles
7.1 key player 1
7.1.1 Business Overview
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 key player 2
7.2.1 Business Overview
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 key player 3
7.3.1 Business Overview
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 key player 4
7.4.1 Business Overview
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 key player 5
7.5.1 Business Overview
7.5.2 Financial Overview
7.5.3 Business Strategies
....
8 Sales Price and Gross Margin Analysis
9 Marketing Trader or Distributor Analysis of Automotive Lead Acid Battery
10 Development Trend of Automotive Lead Acid Battery Industry 2016-2021
11 Industry Chain Suppliers of Automotive Lead Acid Battery with Contact Information
12 New Project Investment Feasibility Analysis of Automotive Lead Acid Battery
13 Conclusion of the Global Automotive Lead Acid Battery Industry 2015 Market Research Report
....
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