Global Automotive Lead Acid Battery Market
Automotive Lead Acid Battery Market Size And Forecast
According to Verified Market Research, the Global Automotive Lead Acid Battery Market was valued at USD 36.90 Billion in 2018 and is projected to reach USD 51.08 Billion by 2026, growing at a CAGR of 4.13% from 2019 to 2026.
Global Automotive Lead Acid Battery Market Outlook
The increasing demand for the utilization of the electric vehicle owing the degrading environmental conditions is the major factor driving the market growth. In addition, the advancement in the technology and expansion in the telecom sector are imposing a positive outlook on the market growth. Moreover, the ease of recyclability in comparison to the other batteries is another factor fueling the market. However, the availability of the cheap alternatives and safety concerns of battery usage are factors hampering the market growth.
Global Automotive Lead Acid Battery Market Competitive Landscape
The Global Automotive Lead Acid Battery Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as SAMSUNG SDI CO.,LTD., ZF Friedrichshafen AG, Haldex Incorporated, Johnson Controls International Plc, LG Chem., Hitachi, Ltd., EnerSys, Panasonic Corporation, Furukawa Electric Co. Ltd., Leoch International Tech, and GS Yuasa Corporation.
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