According to IMARC Group latest report titled” Europe automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Europe Automotive Lead-Acid Battery Market to exhibit moderate growth during the next five years. Automotive lead-acid batteries are used for starting, lighting and ignition (SLI) applications in automobiles. They are extremely robust, durable and abuse-resistant in nature. They are commonly made from sponge metallic lead anodes, lead-dioxide cathodes, and sulfuric solutions of acid and water. They are affordable and require minimal maintenance costs. Apart from this, they are widely used for starting car engines in cold temperatures.
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The Europe automotive lead-acid battery market is primarily driven by the rising environmental consciousness among the masses. This has impelled the sales of electric cars and e-bikes across the region, supported by an enhanced focus on sustainable development and the inflating disposable income levels of the masses. This, in turn, is providing an impetus to the demand for lead-acid batteries. The market is further driven by favorable government initiatives to create a competitive battery manufacturing value chain across Europe. Numerous governing bodies are also encouraging the use of sustainable batteries across the region in an attempt to decarbonize the automotive sector, thereby creating a positive outlook for the market.
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Europe Automotive Lead-Acid Battery Market Segmentation:
Our report has categorized the market based on Region, Vehicle Type, Product, Type and Customer Segment.
Key Regions Analysed:
- United Kingdom
Market by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- HEV Cars
Market by Product:
- SLI Batteries
- Micro Hybrid Batteries
Market by Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Market by Customer Segment:
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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