The Business Research Company’s Automotive Lead Acid Batteries Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Automotive Lead Acid Batteries Global Market Report 2023 evaluates automotive lead acid batteries market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for lead-acid batteries within the automotive sector is poised for noteworthy expansion. Anticipated growth from $34.38 billion in 2022 to $36.16 billion in 2023 reflects a commendable compound annual growth rate (CAGR) of 5.2%. However, the geo-economic landscape has been significantly altered by the Russia-Ukraine conflict. This geopolitical turmoil has profoundly impacted the broader canvas of global economic recuperation, especially in the short term. The resultant economic sanctions, marked upsurge in commodity prices, and the disruption of intricate supply chains have, in turn, triggered an inflationary surge across a wide spectrum of products and services, affecting multifarious markets globally.
Nonetheless, the automotive lead-acid batteries market remains resilient, with a projected expansion to $42.98 billion in 2027, sustained by a steady CAGR of 4.4%.
The burgeoning demand for electric vehicles (EVs) is poised to be a catalyst for the automotive lead-acid batteries market’s future growth. As the world grapples with the pressing concerns of climate warming and endeavors to achieve net-zero emissions, the paradigm shift towards eco-friendly motoring is undeniable. The proliferation of EV charging infrastructure, the establishment of hydrogen fueling stations, and proactive government interventions all conspire to promote the widespread adoption and seamless integration of electric vehicles.
These multifaceted factors contribute to an exponential surge in the demand for automotive lead-acid batteries, characterized by their attributes of robust power delivery, cost-effectiveness, safety, and unwavering reliability. To exemplify this phenomenon, the Global EV Outlook 2021 reported a staggering $120 billion in consumer spending on electric vehicle acquisitions in 2020, marking a remarkable 50% increase from 2019. Moreover, the global EV stock recorded a remarkable milestone in 2020, reaching 10 million units, a substantial 43% growth compared to the preceding year. It is evident that the escalating clamor for electric vehicles will be the driving force behind the continued expansion of the automotive lead-acid batteries market.
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The automotive lead acid batteries market segments in the report are:
1) By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
2) By Product: SLI Batteries, Micro Hybrid Batteries
3) By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales via Aftermarket
4) By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
Top Major Players
GS Yuasa International Limited
The table of contents in TBRC’s automotive lead acid batteries market report includes:
1. Executive Summary
2. Automotive Lead Acid Batteries Market Characteristics
3. Automotive Lead Acid Batteries Market Trends And Strategies
4. Automotive Lead Acid Batteries Market – Macro Economic Scenario
5. Automotive Lead Acid Batteries Market Size And Growth
…..
26. Africa Automotive Lead Acid Batteries Market
27. Automotive Lead Acid Batteries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Lead Acid Batteries Market
29. Automotive Lead Acid Batteries Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Automotive Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Automotive Lead Acid Batteries Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Automotive Lead Acid Batteries Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…….
Table 47: GS Yuasa International Limited Financial Performance
Table 48: Johnson Controls Inc Financial Performance
Table 49: Exide Industries Limited Financial Performance
Table 50: EnerSys Inc Financial Performance
Table 51: Panasonic Corporation Financial Performance
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