Asia Pacific Automotive Lead-acid Battery Market 2020-2025: Size, Share, Trends, Growth, and Forecast

in #lead-acid5 months ago

According to the latest report by IMARC Group, titled "Asia Pacific Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the Asia Pacific automotive lead-acid market is presently experiencing steady growth during 2014-2019. Looking forward, IMARC Group expects the market exhibited moderate growth during 2020-2025. 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:

  • OEM
  • Replacement

Breakup by Region:

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Competitive Landscape:

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.

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