Cri-report China Auto Battery Market Expected to USD 16 Billion by 2018


Posted May 16, 2013 by Angela9

The automotive replacement battery market in China is forecasted to surpass USD 16 Billion in 2018.

 
(cri-report)In the past decade, China has witnessed remarkable improvement in the growth of automobile sector, both commercial and passenger. China is also the largest manufacturer of automotive batteries globally due to cheap and easy availability of labor. With the growth of automobile sector, the demand for automotive replacement battery market is also growing rapidly. The sales of e-bikes during 2009 to 2012 has recorded compounded annual growth rate of 11.52% which is expected to grow at around 16% for the next five year period. In addition, the automobile production in China has 18.72 Million units in 2011 which is further expanding the demand for automotive batteries.


According to ‘China Automotive Battery Market Forecast & Opportunities, 2018’ the automotive battery market in China is growing rapidly and is set to boost further over the coming years. The value of China’s automotive battery market is expected to grow at a CAGR of 23.85%, over the next five years. The automotive replacement battery market in China is forecasted to surpass USD 16 Billion in 2018. The market is being driven by the increasing demand for cars, rising middle class population and massively growing production in China. ’China Automotive Battery Market Forecast & Opportunities, 2018’ discusses the following aspects related to automotive batteries market in China:

• Global Automotive Battery Market Size, Share & Forecast
• China Automotive Battery Market Size, Share & Forecast
• China Automotive Replacement Battery Market Analysis
• Market Trends and Dynamics
• Competitive Landscape & Strategic Recommendations

http://www.cri-report.com/components/12886-china-automotive-battery-market-forecast-opportunities-2018.html
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Categories Marketing
Tags auto battery , battery replacement , market share , market size
Last Updated May 16, 2013