According to the latest report by IMARC Group, titled “Asia Pacific Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Asia Pacific automotive lead-acid market is expected to exhibit stable growth during 2021-2026.
Automotive lead-acid batteries are electricity storage devices used for starting, lighting, and igniting (SLI) processes in vehicles. Enhanced flooded, valve-regulated lead-acid (VRLA) and flooded are some of the commonly available types of lead-acid batteries. They are manufactured using sponge metallic lead anode, lead-dioxide cathode and sulfuric solution of acid and water. Automotive lead-acid batteries are durable, cost-effective, reliable and have large current and surge capability. These batteries are extensively used in passenger cars, two-wheelers, hybrid electric vehicles (HEV) and commercial vehicles.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The Asia Pacific automotive lead-acid battery market is primarily being driven by the widespread product adoption in the automotive industry. These batteries are rechargeable and can provide a high current supply for short periods. Moreover, the rising demand for electric vehicles (EVs) is providing a thrust to the market growth. Lead-acid batteries exhibit various advantageous properties, such as stationary energy storage and tolerance to overcharging, thereby leading to the widespread product adoption in EVs. Other factors, including the increasing demand for luxury vehicles, along with the development of environment-friendly lead-acid battery variants, are positively impacting the market growth across the region.
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Key Market Segmentation:
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- HEV Cars
Breakup by Product:
- SLI Batteries
- Micro Hybrid Batteries
Breakup by Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Breakup by Customer Segment:
Breakup by Region:
- South Korea
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2014-2019)
- Market Outlook (2020-2025)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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