Skip to main content

Automotive Battery Market Average Price By Player, 2014 - 2025

The automotive battery industry is expected to grow at a CAGR of 7.9% in the forecast period. Rising number of the electric cars on the road, high investment in research and development sector, and rising government initiative to reduce carbon emission are documented as major factors of Automotive Battery Market that are estimated to enhance the growth in the years to come. Also, vast growth in automotive sector, rising consumer preference for pollution free cars, and high demand from developing countries are another factors estimated to grow in coming years. Automotive Battery Market is segmented based on vehicle type, battery type, and region.

Commercial vehicles, passenger vehicles, two wheelers, electric vehicles, and others are the vehicle types that could be explored in Automotive Battery in the future period. Commercial vehicles may be heavy commercial vehicles and light commercial vehicles. Passenger vehicle sector accounted for the largest market share of Automotive Battery and is estimated to lead the overall market in the coming years. Electric vehicles include plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV). In 2016, China sold more than 40% of the total electric cars. However, the electric vehicle sector is estimated to grow at fastest pace in the coming years.

Download Free Sample  - https://www.millioninsights.com/industry-reports/automotive-battery-market/request-sample

There are various types of batteries like nickel cadmium, lead acid battery, lithium ion, and others could be explored in Automotive Battery in the foremost period. Lead acid battery may be sealed and flooded. Lead-acid battery sector accounted for the largest market share and is estimated to lead the overall market in the coming years. These are efficient of high discharge rate, effortless in manufacturing, higher starting capability, and nominal maintenance. Lithium-ion (Li-ion) batteries are commonly used rechargeable batteries with double the energy density of Nickel-Cadmium batteries and superior constancy and security. Lithium (Li) is the lightest of all metals, has the maximum electrochemical potential, and offers the high energy density for weight.

Globally, Asia Pacific accounted for the largest market share and is estimated to lead the market in the coming years. Also, estimated to grow at highest CAGR of 9.2% in the years to come. This may be because of high demand in developing countries, high sale if motorcycles, commercial cars, and passenger cars, and production of enhanced and cost-efficient vehicles. The developing countries like India and China are the major consumers of Automotive Battery in this region.

However, in 2016, North America led the market. This may because or presence of key manufacturers in the region and rising demand for electric vehicles in Mexico and the United States. The United States is a major consumer of Automotive Battery in the region, a government initiative to reduce carbon emission by manufacturing eco-friendly products. Instead, Europe is also estimated to have a positive influence on the future growth.

Comments

Post a Comment

Popular posts from this blog

Functional Tea Market is expected to boost the growth of the market over the forecast period.

Functional Tea refers to a series of teas that can contribute to bodily functions. In 2019, the market size of Functional Tea is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. Download Request sample copy -  https://www.innovationmarketresearch.com/market-reports/functional-tea-market/request-sample In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Functional Tea. This report studies the global market size of Functional Tea, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Functional Tea sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sal...
Post a Comment
Read more

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014.

Global oriented strand board (OSB) market size was estimated over USD 8.0 million in 2014. The growing substitution of plywood by OSB in applications such as residential construction and commercial sector is expected to have a positive impact on market demand. The high strength to weight ratio and easy installation advantages provided by oriented strand board are driving market growth of these products. This product is consumed for both non-structural and structural applications such as shelving, pallet manufacture, frames, furniture, industrial tabletops, dry storage pallets, packaging and crafting. Technological advancements in countries such as Brazil, Russia, China, and India for the development of new products is anticipated to create new growth avenues over the forecast period. Download Free Sample  -  https://www.millioninsights.com/industry-reports/oriented-strand-board-osb-market/request-sample Increasing consumption of office furniture and home furniture is likely to...
Post a Comment
Read more

Global Varied Color Lipstick Market Growth and Forecast, 2018 -2028 : Radiant Insights, Inc

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Varied Color Lipstick Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-varied-color-lipstick-market-research-report-2020-2024/request-sample In this report, the global Varied Color Lipstick market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report firstly introduced the Varied Color Lipstick basics: definitions, classifications, applications and market overview; product specif...
Post a Comment
Read more