Nov 3, 2020   SOURCE: BusinessWire

Automotive Lead-Acid Battery Market will see Maximum Growth in Aftermarket Segment | Technavio

The automotive lead-acid battery market is expected to grow by USD 12.26 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive lead-acid battery market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Automotive Lead-Acid Battery Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Automotive Lead-Acid Battery Market 2020-2024 (Graphic: Business Wire)

Enterprises will go through Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19

The automotive lead-acid battery market will witness a Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Automotive Lead-acid Battery Market Participants:

Amara Raja Batteries Ltd.

Amara Raja Batteries Ltd. operates its business through segments such as Automotive Batteries and Industrial Batteries. The company manufactures Standby Valve Regulated Lead Acid batteries under Amaron and PowerZone brands.

Camel Group Co. Ltd.

Camel Group Co. Ltd. operates its business through segments such as Flooded automobile battery, AGM battery, Flooded traction battery, Lithium-ion battery, and Pure lead battery. The company offers lead-acid batteries under Various product segments such as Flooded automobile battery, AGM battery, and others.

East Penn Manufacturing Co. Inc.

East Penn Manufacturing Co. Inc. operates its business through segments such as Transportation, Motive Power, Reserve Power, and Wire, Cable & Battery Accessories. The company offers Intimidator AGM batteries that feature heavy-duty Power-Perform plates with full-frames that prevents shorts and maximizes energy storage and delivery.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/automotive-lead-acid-battery-market-industry-analysis

Automotive Lead-acid Battery Market 2020-2024: Segmentation

Automotive lead-acid battery market is segmented as below:

  • Application
    • Aftermarket
    • OEM
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

The automotive lead-acid battery market is driven by an increase in tourism worldwide. In addition, other factors such as Growing legislative support for battery recycling are expected to trigger the automotive lead-acid battery market toward witnessing a CAGR of over over 5% during the forecast period.

Get more insights about the global trends impacting the future of automotive lead-acid battery market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43087

Market Drivers

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Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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