Automotive Lead Acid Battery Market Latest Advancements And Business Opportunities up to 2033

 According to the latest research by Future Market Insights (FMI), The global Automotive Lead Acid Battery Market Size estimates the market to expand at a steady CAGR of over 3.3% by year 2031-end.

Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of lead batteries for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade.

Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period.

Also, the advent of new technologies is aiding overall expansion. Some of the leading manufacturers are focusing on a wide range of automotive lead acid resistance, decreasing heat generation, modification of electrode plates, and improving charge acceptability.

These efforts are expected to improve performance of lead acid batteries, in turn creating lucrative opportunities for increasing sales.

For more information:
https://www.futuremarketinsights.com/reports/automotive-lead-acid-battery-market

Key Takeaways from Market Study

  • After a period of negative growth, sales will improve 2021 onwards, enabling the market register 2.8% y-o-y growth in 2021
  • The U.S. will account for over 86% of sales registered in North America. It is expected to remain the dominant market through the course of the forecast period
  • Increasing passenger vehicle production will enable sales in the U.K. to increase by 1.7% in U.K. in 2021
  • Germany and France will emerge as other key markets within Europe
  • Expansion of the automotive sector will support growth in China, followed by Japan and South Korea

“Market players are threatened by the availability of high-performing alternatives. The increasing demand for lithium-ion batteries and other alternatives has been compelling them to invest in research and development activities. This will enable the market to stay strong, registering steady growth through the course of the forecast period,” said a lead analyst at FMI.

Competitive Landscape

The global automotive lead acid batteries market is highly competitive at regional as well as global level, and highly consolidated in nature. Some of the automotive lead acid battery manufacturers are Clarios, GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., EnerSys Inc., and others. Top companies operating in the market are occupying hefty shares in terms of revenue. With compliance to governmental standards and regulations, these companies have a global brand presence. Prime manufacturers are also updating their technologies to improve their market share.

Market Segmentation by Category

By Battery Type

  • Flooded
  • Enhanced Flooded
  • AGM

By Technology

  • ICE
  • Hybrid
  • Electric

By Vehicle Type

  • Passenger Car
  • LCV

By Sales Channel

  • OEM
  • Aftermarket

Comments

Post a Comment

Popular posts from this blog

"Shining Bright: Exploring the Bicycle Light Market"

 Over the forecast period of 2022 to 2032, the global  bicycle light market  is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Million by 2032, opines Future Market Insights (FMI). The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the environment. Bicycle adoption is rising along with the urgent need for more environmentally friendly means of transportation, which is driving the market for bicycle lights. The market is also expanding due to the rising demand for robust and high-quality bicycle lights. Due to the rising demand for safety and security, it is anticipated that the bicycle lights market would expand significantly in the next ten years. Bicycle adoption is also on the rise in many parts of the world as a result of expanding transportation needs. The use of various types of bike lights has been progressively rising due to gro
Read more

EV Thermal System Market Research, Segmentation, Key Players Analysis & Forecast By 2033

  The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global   EV thermal system market   size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to reach a valuation of US$ 15,600.9 million by the conclusion of this forecast period. The main driver fueling the expansion of the thermal system for the EVs market is the rising popularity of zero-emission cars in various parts of the world. Sales of EVs have increased significantly in nations like China, Norway, and the United States, establishing an advanced EV thermal system market. Request a Sample of this Report:   https://www.futuremarketinsights.com/reports/sample/rep-gb-16596 The need for electric-powered automobiles has compelled manufacturers to create better heat management technologies,
Read more

Automotive Lighting Market Latest Advancements And Business Opportunities up to 2033

  The global   automotive lighting market   is anticipated to attain a valuation of US$ 37.1 billion in 2023 and is predicted to reach US$ 69 billion by 2033, trailing a CAGR of 6.4% during the forecast period. Stringent lighting regulations have propelled developed countries to focus on the vehicle lighting industry in Europe and North America. Adequate vehicle lighting is crucial, particularly for travel on busy highways. Governments globally prioritize road safety, as highlighted by the World Health Organization (WHO), which reports 1.3 million annual fatalities from road traffic collisions. Many countries experience a 3% GDP loss due to road accidents. Therefore, enhancing driving conditions is essential, and improving the lighting system plays a significant role in achieving this goal. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-621 In 2011, the European Union has made it compulsory for all new motor vehicles to have daytime running
Read more