According to Goldstein Research, global automotive lead acid battery market is expected to reach USD 33.5 billion by 2024, growing at a CAGR of 4.5% over the forecast period 2016-2024. The demand for eco-friendly and fuel efficient vehicles along with the growth of automotive industry together is driving the growth of the market. Global automotive lead acid battery market segmentation has been done on the basis of product type, vehicle type, distribution channel and geography. Passenger cars accounted for largest share of 42% in 2016, and over the forecast period it is expected to continue its dominance. Global market is largely dominated by Asia-Pacific region with a revenue share of about 35.0%. Africa and South East Asian countries are anticipated to be the most opportunistic regions.
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Market Segmentation
On the basis of our in-depth analysis, Global Automotive Lead Acid Battery Market can be segmented as follows:
• By Product Type
o Flooded Batteries
o Enhanced Flooded Batteries
o VRLA Batteries
• By Vehicle Type
o Passenger Cars
o LCVs/HCVs
o Two Wheelers
o Three Wheelers
• By Distribution Channel
o OEMs (Original Equipment Manufacturers)
o Aftermarket
• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Automotive Lead Acid Battery Market Outlook 2024” by Goldstein Research contains detailed overview of the global automotive lead acid battery market.Further, for the in-depth analysis, it encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Exide Technologies, Johnson Controls International plc., Panasonic, Robert Bosch, Haldex Incorporated, ZF TRW Automotive Holdings Corporation, Hitachi Ltd., EnerSys, Furukawa Electric Co. Ltd., Leoch International Tech, GS Yuasa Corporation, Crown Battery Manufacturing Company, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global automotive lead acid battery market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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