Global Automotive Lead-acid Battery Market 2018-2022 | Aftermarket Segment Dominates the Global Market | Technavio

According to the market research report released by Technavio, the global automotive lead-acid battery market is expected to accelerate at a CAGR of over 6% during the forecast period. The increase in tourism worldwide, which is leading to increased spending on cars and bikes is one of the key factors triggering the growth of the market.

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According to the market research report released by Technavio, the global automotive lead-acid battery market is expected to accelerate at a CAGR of over 6% until 2022. (Graphic: Business Wire)

This research report titled ‘Global Automotive Lead-acid Battery Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global automotive lead-acid battery market into the following applications:

• Aftermarket
• OEM

In 2017, the aftermarket segment accounted for nearly 65% of the global market and is projected to reach 68% by 2022, exhibiting almost 3% increase in market share.

Global automotive lead-acid battery market: Top emerging trend

Legislative support for battery recycling is an emerging trend in the automotive lead-acid battery market space. In countries such as the US and Canada, the rechargeable battery industry has established the Corporation for Battery Recycling to support battery recycling for future use. Similarly, the EU has strict legislation for battery recycling. Canada’s battery recycling directive has set up a network of more than 1,000 locations near schools and stores for consumers to drop off used batteries for recycling. The Australian Battery Recycling Initiative has published several useful documents outlining the different regulatory requirements for the regulation compliant storage, handling, transporting, and recycling of used lead-acid batteries.

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Technavio’s report provides expert market research on the following topics:

Executive Report

• Market Outline
• Global Automotive lead-acid battery Market Overview

Market Insights

• Market Sizing and Forecasts
• Market Growth
• Market Drivers and Challenges
• Key Emerging Trends

Market Segmentation Analysis

• Regional comparison (APAC, Americas, and EMEA)
• Key leading countries
• Market segmentation by application (aftermarket and OEM)

Vendor Landscape

• Vendor classification
• Market positioning of vendors
• Competitive scenario
• Analysis of top vendors (East Penn Manufacturing, Energy’s, Exide Technologies, Johnson Controls, and Trojan Battery Company)

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View source version on businesswire.com: https://www.businesswire.com/news/home/20181023006142/en/