NEW YORK, May 25, 2021 /PRNewswire/ --
The "Automotive Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The automotive lead-acid battery market is set to grow by USD 2.88 billion, progressing at a CAGR of about 2% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The automotive lead-acid battery market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
Technavio's in-depth market research reports include value chain analysis and validation techniques employed for market sizing on various markets to help industry leaders improve their business.
Download FREE Sample Report
Automotive Lead-acid Battery Market: Segmentation by Application
Based on the segmentation by application, the market generated maximum revenue in the aftermarket segment in 2020. Owing to the increase in passenger cars, commercial vehicles, and two-wheelers worldwide, there will be an increase in the automotive lead-acid battery market by the aftermarket. The growth of the segment will be significant over the forecast period.
Automotive Lead-acid Battery Market: Segmentation by Geography
60% of the market's growth will originate from APAC and held the largest market share in 2020 and the market growth in the region is expected to be faster compared to the growth of the market in other regions. The growth of the market in APAC can be attributed to the increasing adoption of automobiles which will significantly influence automotive lead-acid battery market growth in APAC over the forecast period. China, Japan, and India are the key markets for automotive lead-acid batteries in APAC.
Automotive Lead-acid Battery Market: Opportunities
Factors such as increasing the adoption of automobiles, increasing sales of premium cars, and the improving buying power of the middle-class population are enhancing the growth of the market. Over the years, countries across the world have been making significant investments in the automotive sector. This will create considerable demand for the automotive lead-acid batteries market thereby opening several growth opportunities for market vendors.
Know more about Techanavio's analysis on the impact of Disruption Threats comparing Disruptive sources and Factors driving disruption:
Download the Automotive Lead-acid Battery Market Analysis Report
Key Market Dynamics:
Market Drivers
Market Challenges
Companies Mentioned
Get more insights about the global trends impacting the future of the automotive lead-acid battery market,
Download Technavio's Research Methodology Analysis Report
Explore Some of Our Top Selling Reports
Global Battery Separator Market- The battery separator market is segmented by application (lithium-ion battery, lead-acid battery, and others) and geography (APAC, North America, Europe, South America, and MEA).
Request FREE Sample Report
Global Battery Recycling Market- The battery recycling market is segmented by battery chemistry (lead-acid, lithium, and others), geography (APAC, Europe, North America, South America, and MEA), and battery source (automotive, electronic appliance, and others).
Request FREE Sample Report
Available Customization
Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the automotive lead-acid battery market report
Key Topics Covered
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/automotive-lead-acid-battery-market-industry-analysis
SOURCE Technavio
Share this article