Global Lead-Acid Battery Aftermarket 2017-2021
About Lead-Acid Battery
The lead-acid battery aftermarket is the secondary market of the automotive battery industry, concerned with the distribution and retailing activities of lead-acid batteries that follow the sale of the automobile battery by the original equipment manufacturer (OEM) to the consumer. Batteries refer to the technologies that are used to store energy, which can be used during power shortages, blackouts, or when the demand for power is high. Batteries are classified as lead-acid, lithium, or nickel-based.
Technavio’s analysts forecast the global lead-acid battery aftermarket to grow at a CAGR of 14.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lead-acid battery aftermarket for 2017-2021. 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 Lead-Acid Battery Aftermarket 2017-2021
Technavio recognizes the following companies as the key players in the global lead-acid battery aftermarket: East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa and Johnson Controls.
Other Prominent Vendors in the market are: Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, Trojan Battery Company, West Marine and Yokohama Trading.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing deployment of microgrids. Microgrids are driven by the need to overcome the challenges faced by the traditional grids and to introduce a new level of sophistication in their functioning in a highly-controlled environment. A microgrid comprises multiple energy generation sources such as solar, wind, biomass, geothermal, and fossil fuel generators.”
According to the report, one driver in the market is growing use of golf carts among older population. In developed countries, such as the US, golf carts offer an ideal choice for mobility to the aging population. On an average, a golf cart can achieve a top speed of 25 mph, which is considered a safe speed. Other than their use on the golf course, these carts are quite handy while doing chores such as buying groceries and for commuting short distances. In the US, many elderly people residing in states, such as California and Florida, are shifting from their gas-powered vehicles to golf carts.
Further, the report states that one challenge in the market is rise in counterfeit automotive products. The automotive industry faces a growing threat due to the rise in counterfeit parts and accessories. The counterfeit market in the automotive industry thrives because there is always a demand for replacement of automotive parts and accessories all over the world. Counterfeit batteries are just a small part of the overall counterfeiting landscape. Fake automotive parts and accessories may prove to be dangerous since counterfeit products do not undergo manufacturing control and safety checks to save on production costs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-energy-storage-global-lead-acid-battery-aftermarket-2017-2021
East Penn Manufacturing, EnerSys, Exide Technologies, GS Yuasa, Johnson Controls, Alpha Technologies, Amara Raja, BAE Batterien, C&D Technologies, Crown Battery, DAEJIN BATTERY, DMS technologies, EverExceed, Exide Industries, HBL Power Systems, HOPPECKE Batterien, Microtex Energy, MIDAC Batteries, Navitas System, NorthStar, Panasonic Battery, Rolls Battery, Storage Battery Systems, Su-Kam Power Systems, Trojan Battery Company, West Marine and Yokohama Trading.