“The global automotive lead acid batteries market is projected to grow at a CAGR of 4.8 % from 2016 to 2021”
The global automotive lead acid batteries market is projected to reach USD 45.03 billion by 2021, at a CAGR of 4.8% from 2016 to 2021. Growing demand for lead acid batteries and longer life and cost efficiency of the batteries are expected to drive the growth of the market in the near future.
“Based on type, flooded batteries is the largest segment of the automotive lead acid batteries market”
The flooded batteries segment led the automotive lead acid batteries market in 2015. Properties, such as, longevity and cost efficiency of flooded batteries make it a preferred battery for various end-users, such as passenger cars LCVs/HCVs, two wheelers, and three wheelers.
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“SLI batteries is the fastest-growing product segment in the global automotive lead acid batteries market”
The SLI batteries segment is projected to witness the highest growth from 2016 to 2026. The major driver for the growth of this segment is the growing demand for these batteries to power starter motor, lights, and ignition system or other internal combustion engines with high performance, long life, and cost efficiency.
“Asia-Pacific led the global automotive lead acid batteries market in 2015”
Asia-Pacific led the global automotive lead acid batteries market in 2015. The automotive lead acid batteries market in Asia-Pacific is projected to witness highest growth in the coming years. Growing demand for automobiles to meet the increasing population in Asia-Pacific is expected to boost the growth of the automotive lead acid batteries market in the region.
The report defines, segments, and projects the global automotive lead acid batteries market on the basis of product, type, end-user, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges.
Reasons to buy the market report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall automotive lead acid batteries market and the sub segments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on lead acid batteries offered by top players in the automotive lead acid batteries market
• Product Development/Innovation: Detailed insight on upcoming technologies, research & development activities, and new product launches in the automotive lead acid batteries market
• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for automotive lead acid batteries across regions
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