Lead-Acid Battery Market Strikes Surging CAGR Growth during Assessment Period (2017-2027)


The global lead-acid battery market is estimated to be valued at US$ 61,482.2 Mn in 2017 and is projected to reach US$ 94,821.6 Mn by the end of 2027, expanding at a CAGR of 4.4% over the forecast period (2017-2027).


[USPRwire, Sat Apr 13 2019] The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Lead-Acid Battery Market Strikes Surging CAGR Growth during Assessment Period (2017-2027)”. The fact-based research report on the global Lead-Acid Battery market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analyzed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and the Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis of how the metal caps and closures market is expected to develop in the future.

The global lead-acid battery market is estimated to be valued at US$ 61,482.2 Mn in 2017 and is projected to reach US$ 94,821.6 Mn by the end of 2027, expanding at a CAGR of 4.4% over the forecast period (2017-2027). In terms of volume, APEJ is expected to exhibit promising growth in the global lead-acid battery market, registering a CAGR of 4.0% over the forecast period. With a growing telecom and transportation industry, the APEJ market is expected to witness a high growth rate over the coming years. India and China are likely to provide substantial opportunities in the global lead-acid battery market in the near future.

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The market is categorically divided into three segments based on product type, application and region. The market value throughout the segments is taken in US$ Mn and the market volume is identified in one thousand units for all the segments. The report identifies the drivers and restraints affecting the growth of the market. Changing trends and customer preference patterns are also analysed and incorporated in the report to equip the client with exhaustive information about the market, resulting in better decision making. Macroeconomic factors that directly or indirectly affect the growth of the lead-acid battery market are also presented in the report.

Towards the final section of the report, competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the lead-acid battery market on the basis of key manufacturers in the market. Comprehensive profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the lead-acid battery market.

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The market is segmented as given below:

By Product Type

Flooded Battery

AGM Battery

Gel Battery

By Application

Transportation

Passenger Cars

Light Commercial vehicles

Heavy Commercial vehicles

Two wheelers

Others

Motive Industrial

Stationary Industrial

Residential

Commercial

Grid Storage

Others (Marine, Aerospace)

By Region

North America

Latin America

Asia Pacific Excl. Japan

Western Europe

Eastern Europe

Japan

Middle East and Africa (MEA)

Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of lead-acid battery is deduced through product type, where the average price of each product is inferred across all the seven regions. Market value of lead-acid battery market is thus calculated from the data deduced from the average selling price and market volume.

For the 10 year forecast of the lead-acid battery market, various macroeconomic factors and changing trends have been observed, which give an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and demand side and other dynamics shaping the scenario of the market. During the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities as far as lead-acid battery market is concerned. Other important parameters such as market attractiveness index and impact analysis of the drivers and restraints for each region are included in this report providing insights about the dynamics, growth, performance and untapped opportunities in the lead-acid battery market. In-depth profiling of major lead-acid battery manufacturers is included in the final section of the report detailing the strengths, weaknesses and competitive strategies of each manufacturer.

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