Automotive Lead Acid Battery Market
Automotive Lead Acid Battery Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
VMR-2021-0771
Segments Covered
By
Product SLI Batteries, Micro Hybrid Batteries
-
By
Type Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
-
By
Customer Segment OEM, Aftermarket
-
By
Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
21.35 Billion |
 Revenue 2028:
|
28.24 Billion |
 Revenue CAGR
(2021 - 2028): |
4.10% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Lead Acid Battery Market - Global Market Assessment, 2021 - 2028
The global Automotive Lead Acid Batterymarket research study involves reliable research methodology to arrive at the market estimations and forecasts. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Moreover, the information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Automotive Lead Acid Battery supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive Lead Acid Battery market size at regional and country level
- Market size and forecast by , , and
- Key industry players and their market share and Automotive Lead Acid Battery market-specific sales/revenue
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Automotive Lead Acid Battery supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive Lead Acid Battery market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Automotive Lead Acid Battery market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Lead Acid Battery in terms of revenue?
-
The global Automotive Lead Acid Battery valued at 21.35 Billion in 2020 and is expected to reach 28.24 Billion in 2028 growing at a CAGR of 4.10%%.
Which are the prominent players in the market?
-
The prominent players in the market are Saft Groupe S.A, Northstar Battery Company LLC, East Penn Manufacturing Company, Robert Bosch GmbH, Johnson Controls Inc, Panasonic Corporation, BAE Batterien GmbH, Triathlon Batteries, Trojan Battery Company, Samsung Sdi Company Limited..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Lead Acid Battery include
- The rising vehicle sale across the globe is anticipated to augment the growth of the lead-acid battery market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the lead-acid battery market in the forecast period.
- The rising demand for low emission or zero-emission batteries is expected to support the growth of the automotive lead-acid battery market. Due to the rapid depletion of fossil fuels, lead acid batteries are becoming more widely used. Furthermore, implementation of government rules and regulations on greenhouse gas emissions from vehicles has prohibited the sale of automobiles that emit more pollutants. This is the major factor that is driving the demand for automotive lead acid batteries market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Lead Acid Battery in 2020.
