An Incisive, In-depth Analysis on the Lead Acid Battery Market
This study offers a comprehensive, 360 degree analysis on the Lead Acid Battery market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lead Acid Battery market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global lead-acid battery market is estimated to be valued at US$ 61,482.2 Mn in 2017 and is projected to reach US$ 94,821.6 Mn by the end of 2027, expanding at a CAGR of 4.4% over the forecast period (2017-2027). In terms of volume, APEJ is expected to exhibit promising growth in the global lead-acid battery market, registering a CAGR of 4.0% over the forecast period. With a growing telecom and transportation industry, the APEJ market is expected to witness a high growth rate over the coming years. India and China are likely to provide substantial opportunities in the global lead-acid battery market in the near future.
Inclination towards electric vehicles driving revenue growth of the global lead-acid battery market
In countries such as U.S., Canada, UK and Germany the production of electric vehicles is growing at a significant rate and will contribute to the growth of the lead-acid battery market. Moreover, in countries of APEJ region the demand for stationary industrial segment is growing at a significant CAGR and this will spur the demand for lead-acid battery. Also, growing demand for lead-acid battery in the transportation segment in APEJ region will also contribute to the growth of the global lead-acid battery market.
Performance analysis of the global lead-acid battery market
Market analysis by application: On the basis of application, the lead-acid battery market is segmented into transportation, motive industrial, stationary industrial, commercial, residential, grid storage and others. Transportation segment is projected to account for a major share of the global lead-acid battery market through 2027. The stationary industrial segment is expected to grow at a significant CAGR over the forecast period.
Market analysis by product type: On the basis of product type, the lead-acid battery market is segmented into flooded battery, gel battery, AGM battery. The AGM battery segment is anticipated to expand at a CAGR of 6.9% over the forecast period to reach a market value of US$ 29,645.4 Mn by the end of 2027. The demand for flooded based lead-acid battery is expected to remain high across various regions. On the other hand, the gel based lead-acid battery segment is estimated to exhibit a substantial growth rate through the forecast period owing to increasing demand for this battery type in the transportation segment.
Market analysis on the basis of region
On the basis of region, the lead-acid battery market is segmented into APEJ, Japan, North America, Latin America, MEA, Western Europe and Eastern Europe. Among these regions, APEJ is projected to expand at a CAGR of 4.8% over the forecast period and is anticipated to reach a value of more than US$ 32,702.2 Mn by 2027 end. However, the demand for lead acid battery is significantly growing in Latin America and Western Europe owing to increasing demand from the stationary industrial segment. Growing demand for “green energy” is rapidly spreading over the market in Western European countries. The lead-acid battery market is expected to receive a boost until other battery technologies get well established and are in a position to replace lead-acid batteries.
The report titled “Lead-Acid Battery Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027)” offers detailed insights and in-depth research on the said market on a global level. The report covers the important factors driving the growth of the market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the market and other insights across various key segments. The key strategy adopted by major lead-acid battery manufacturers is upgrading their product line with latest features and technologies rather than launching new products to gain market presence and customer base.
The market is categorically divided into three segments based on product type, application and region. The market value throughout the segments is taken in US$ Mn and the market volume is identified in one thousand units for all the segments. The report identifies the drivers and restraints affecting the growth of the market. Changing trends and customer preference patterns are also analysed and incorporated in the report to equip the client with exhaustive information about the market, resulting in better decision making. Macroeconomic factors that directly or indirectly affect the growth of the lead-acid battery market are also presented in the report.
Towards the final section of the report, competitive landscape has been included to provide report audiences with a dashboard view. The report provides detailed market share analysis of the lead-acid battery market on the basis of key manufacturers in the market. Comprehensive profiles of manufacturers are also included within the scope of the report to evaluate strategies, key offerings and recent developments in the lead-acid battery market.
The market is segmented as given below:
By Product Type
- Flooded Battery
- AGM Battery
- Gel Battery
- Passenger Cars
- Light Commercial vehicles
- Heavy Commercial vehicles
- Two wheelers
- Motive Industrial
- Stationary Industrial
- Grid Storage
- Others (Marine, Aerospace)
- North America
- Latin America
- Asia Pacific Excl. Japan
- Western Europe
- Eastern Europe
- Middle East and Africa (MEA)
Market volume is inferred through in-depth secondary research and validated from industry experts through primary interviews. Each interview is thoroughly analysed and average market volume is deduced and reconfirmed prior to incorporating in the report. The price of lead-acid battery is deduced through product type, where the average price of each product is inferred across all the seven regions. Market value of lead-acid battery market is thus calculated from the data deduced from the average selling price and market volume.
For the 10 year forecast of the lead-acid battery market, various macroeconomic factors and changing trends have been observed, which give an idea about the future of the market. Other important factors considered to arrive at market forecast include the size of the current market, inputs from the supply side and demand side and other dynamics shaping the scenario of the market. During the compilation of the report, the forecast is conducted in terms of CAGR, while other important criteria such as year-on-year growth and absolute dollar opportunity have also been incorporated presenting the client with crystal clear insights and future opportunities as far as lead-acid battery market is concerned. Other important parameters such as market attractiveness index and impact analysis of the drivers and restraints for each region are included in this report providing insights about the dynamics, growth, performance and untapped opportunities in the lead-acid battery market. In-depth profiling of major lead-acid battery manufacturers is included in the final section of the report detailing the strengths, weaknesses and competitive strategies of each manufacturer.
Global Lead Acid Battery Market 092017 Reports - Table of Contents
5. Forecast Factors: Relevance and Impact
17. Research Methodology
18. Acronyms & Assumptions