Global Automotive Lead-acid Battery Market 2018-2022
About Automotive Lead-acid Battery
The lead-acid battery is a rechargeable battery technology available in the market, which is generally used in numerous applications such as motive, automotive, and stationary applications. These batteries are utilized in automotive applications majorly due to their cranking property, which provides the power within a short span.
Technavio’s analysts forecast the global automotive lead-acid battery market to grow at a CAGR of 6.43% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive lead-acid battery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Lead-acid Battery Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive lead-acid battery market: East Penn Manufacturing, Energy’s, Exide Technologies, Johnson Controls, and Trojan Battery Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is legislative support for battery recycling. The rechargeable battery industry in North America, especially in the US and Canada, has established the Corporation for Battery Recycling (CBR) to support battery recycling for future use. Call2Recycle runs a program with CBR throughout the US and Canada. Similarly, the EU has strict legislation for battery recycling.”
According to the report, one driver in the market is increase in tourism worldwide. The tourism industry is growing and is expected to grow further during the forecast period. Traveling and exploring new places is gaining huge popularity among the young generation. They are spending more on traveling and traveling modes such as cars and bikes.
Further, the report states that one challenge in the market is lead pollution and stringent laws. As of 2016, lead-acid batteries accounted for the majority of the overall production of the lead. The standard arrangement of lead-acid batteries includes lead plates placed in sulfuric acid inside a plastic casting. The recycling of lead-acid batteries decreases the number of disposable batteries as a solid waste.
East Penn Manufacturing
Trojan Battery Company