According to IMARC Group latest report titled “Europe automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on Automotive Lead-Acid Battery market in Europe. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market is currently witnessing strong growth. The Europe Automotive Lead-Acid Battery Market to exhibit moderate growth during the next five years.
A lead-acid battery refers to a battery that consists of a lead oxide plate, which is immersed in a sulphuric acid solution. Since it is robust, cost-effective and durable, hence equipped in numerous conventional combustion engine vehicles for starting, lighting, and ignition (SLI). It transforms chemical energy into electrical power during the discharge cycle and its unparalleled ability to start a vehicle engine at extreme temperatures is propelling its adoption as an auxiliary battery in a wide range of automobiles. The demand for an automotive lead-acid battery is rising across the region due to the growing fleet on the road.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The Europe market is majorly driven by the increasing automotive production and sales. This is supported by the rising utilization of lead-acid batteries to supply voltage to various vehicle accessories, such as wipers, air conditioners (ACs), music systems, radios, and charging plugs. In addition to this, the growing awareness among the masses regarding the harmful impacts of carbon emissions is positively influencing the market. Moreover, the introduction of lead-acid batteries manufactured using recycled materials for reducing the amount of carbon footprint, is creating a positive market outlook. Some of the other factors driving the market further include continual improvements in the automotive sector, the increasing investments in research and development (R&D) activities, and continuous developments in road networks across Europe.
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Europe Automotive Lead-Acid Battery Market Segmentation:
Our report has categorized the market based on Region, Vehicle Type, Product, Type and Customer Segment.
Key Regions Analysed:
- United Kingdom
Market by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- HEV Cars
Market by Product:
- SLI Batteries
- Micro Hybrid Batteries
Market by Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Market by Customer Segment:
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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