According to IMARC Group latest report titled “North America Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on North America Automotive Lead-Acid Battery industry size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America automotive lead-acid battery market reached a value of US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.81 Billion by 2027, exhibiting at a CAGR of 2.84% during 2022-2027.
An automotive lead-acid battery is widely used for igniting the engine and supplying current to vehicles. It is a rechargeable battery that is extensively utilized for starting, lighting, and ignition (SLI) applications in automobiles. It consists of lead oxide plates, including sponge lead (Pb) and lead peroxide (PbO2) plates immersed in the sulfuric acid solution that converts chemical energy into electrical power. It is integrated into numerous conventional combustion engine vehicles due to the sizeable power-to-weight ratio and high cell voltage. In comparison to lithium-ion battery, it is a robust, durable and cost-effective alternative that can tolerate overcharging efficiently.
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Market Trends:
Significant growth in the automotive sector majorly drives the market in North America. This is attributed to the rising production and sales of automobiles, along with reduced manufacturing costs, as most of the batteries are manufactured using recycled raw materials. Along with this, the increasing usage of lead-acid batteries to supply voltage to several automobile accessories, such as charging plugs, radios, music systems, and air conditioners (ACs), is positively influencing the market in North America. Moreover, the growing popularity of automotive lead-acid batteries due to their advantages, such as high current delivery, coupled with resistance to corrosion and abrasion, is boosting their demand across the region. Other factors driving the market further include growing initiatives toward connectivity and extensive research and development (R&D) activities.
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North America 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 States
- Canada
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
- HEV Cars
Breakup by Product:
- SLI Batteries
- Micro Hybrid Batteries
Breakup by Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Breakup by Customer Segment:
- OEM
- Replacement
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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