Lead-Acid Automotive Batteries Market Size Grows $4,077.41 Million: Market Research Insights Highlight the Growing Number of Electronic Applications in Passenger Vehicles as a Key Driver

New YorkAnd January 24, 2023 /PRNewswire/ — According to Technavio, the Lead-acid automotive battery market It will experience a 2.41% annual growth between 2022 and 2023. The market is segmented by application (aftermarket and OEM), vehicle type (passenger and commercial), and geography (APAC, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa). The market size of lead-acid batteries for automobiles is estimated to increase 4,077.41 million US dollars at a compound annual growth rate of 2.84% From 2022 to 2027 – Request a sample report

Automotive Lead Acid Batteries Market – Vendor Insights

The global market for lead-acid automotive batteries is: FragmentedSellers deploy different strategies to compete in the market. Leading vendors are developing high efficiency automotive lead acid batteries for customers. The increasing electronic content in cars and the increasing adoption of electric vehicles increases the need for batteries, which leads to an increase in the demand for lead-acid batteries for cars. These factors are expected to intensify market competition during the forecast period.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

• Al Raja Building Group

• Banner GmbH

• C and D Technologies Inc.

• Beauty Group Co., Ltd

• Clarius

• Crown Battery Company

• CSB Energy Technology Co. Ltd.

• East Penn Manufacturing Co.

• EnerSys

• EverExceed Industrial Co., Ltd.

• Exide Industries Limited

• GS Yuasa Corp.

• HBL Power Systems Ltd.

• Johnson Controls International plc.

• Leoch International Technology Ltd.

• For details about vendors and their offers – Buy the report!

Automotive Lead Acid Batteries Market – Geographical Analysis

your father It will provide maximum growth opportunities in the automotive lead-acid battery market during the forecast period. According to our research report, the region will account for 61% of the global market growth.

ChinaAnd IndiaAnd Japan The main markets for lead-acid automotive batteries are in the Asia-Pacific region. Increasing disposable income and OEMs launching new vehicle models is driving market growth. APAC has the largest number of potential first-time passenger car buyers, which drives sales growth for these cars. These factors will drive the lead-acid automotive battery market in the region during the forecast period.

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Learn more about the geographical distribution of this market along with a detailed analysis of the most important regions: https://www.technavio.com/report/automotive-lead-acid-battery-market-industry-analysis?v1

Automotive Lead Acid Batteries Market – Key Segment Analysis

the aftermarket The segment will grow at a significant rate during the forecast period. Lead-acid batteries provide a rapid power boost in a short time. Hence, they dominate the automotive aftermarket. In the automotive industry, the lead-acid battery is the only battery technology available for Scalable Link Interface (SLI) applications due to its high cold cycling performance. The lower cost of lead-acid batteries will lead to the growth of the dominance of this segment during the forecast period.

Download a template To get more highlights and key points about different market segments and their impact in the coming years.

Lead-acid Automotive Batteries Market – Key Market Drivers and Challenges

the Increasing the number of electronic applications in passenger cars It is driving the growth of the global lead-acid automotive batteries market. Some of the technologies used in passenger cars include global positioning systems (GPS), music systems, Bluetooth, and wireless charging. The adoption of electronic applications in passenger vehicles is increasing due to the growing demand for improved navigation, safety and comfort systems. Thus, there is a high demand for efficient batteries, such as lead-acid batteries for automobiles, that can power electronic components. These factors are expected to drive the growth of the global lead-acid automotive batteries market during the forecast period.

Strict laws to prevent lead contamination Challenging the growth of the global lead-acid automotive battery market. Overproduction of lead-acid batteries can lead to lead contamination. These batteries require large amounts of lead, which is often mixed with the exhaust gases. To reduce lead poisoning, the governments of many countries have implemented strict laws. For example, government China Most of the lead-acid battery manufacturing plants closed down and also imposed strict regulations and standards for battery disposal and production. These regulations will hinder the growth of the market during the forecast period.

Download sample to shed light on market drivers and challenges impacting the Automotive Lead Acid Batteries market.

What key data are covered in the Automotive Lead Acid Batteries Market report?

• The compound annual growth rate of the market over the forecast period

• Detailed information on the factors that will drive the growth of the Automotive Lead Acid Batteries Market between 2023 and 2027

• Accurate estimation of the Automotive Lead Acid Batteries market size and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behaviour

• market growth across the Asia Pacific region, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa

• Comprehensive analysis of the competitive landscape of the market and detailed information on vendors

• Comprehensive analysis of factors that will challenge the growth of the Automotive Lead Acid Batteries market vendors

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table of contents:

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by application

7 Segmentation of the market by vehicle type

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

about us:

Technavio is a leading global technology research and advisory firm. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations 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 current and potential markets and assess their competitive positions within changing market scenarios. .

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Source Technavio