Skip to main content

Posts

Showing posts with the label Automotive Lead Acid Battery Market Size Automotive Lead Acid Battery Market Share

Automotive Lead Acid Battery Market to Grow Exponentially With the Penetration of Electric Vehicles

According to Goldstein Research, global automotive lead acid battery market is expected to reach USD 33.5 billion by 2024, growing at a CAGR of 4.5% over the forecast period 2016-2024. The demand for eco-friendly and fuel efficient vehicles along with the growth of automotive industry together is driving the growth of the market. Global automotive lead acid battery market segmentation has been done on the basis of product type, vehicle type, distribution channel and geography. Passenger cars accounted for largest share of 42% in 2016, and over the forecast period it is expected to continue its dominance. Global automotive lead acid battery market is largely dominated by Asia-Pacific region with a revenue share of about 35.0%. Africa and South East Asian countries are anticipated to be the most opportunistic regions. Browse Full Report: https://www.goldsteinresearch.com/report/global-automotive-lead-acid-battery-market-outlook-2016-2024 Market Segmentation On the basis of...