26.55 million units growth expected in automotive batteries market, Technavio.
The automotive batteries market is expected to grow by 26.55 million units during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the automotive batteries market in optimistic, probable, and pessimistic forecast scenarios.
The automotive batteries 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 in 2021 as compared to 2020.
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 renewal phases.
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Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis 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.
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
Major Three Automotive Batteries Market Participants:
Amara Raja Batteries Ltd.
Amara Raja Batteries Ltd. offers a range of batteries under brand names Amaron and PowerZone for passenger vehicles, three-wheelers, two-wheelers, commercial vehicles, farm vehicles, and home UPS or inverters.
East Penn Manufacturing Co. Inc.
East Penn Manufacturing Co. Inc. offers a range of batteries such as Intimidator AGM, Deka Ultimate, Deka EN Exact Fit, Deka Gold, and AUX AGM.
EnerSys
EnerSys offers products such as Genesis EP batteries, Genesis NP batteries, Genesis XE batteries, Fiamm Motive power batteries, and Hawker ArmaSafe plus batteries.
More Details: https://www.technavio.com/report/automotive-batteries-market-industry-analysis
Automotive Batteries Market 2021-2025: Segmentation
The automotive batteries market is segmented as below:
- Type
Passenger Cars
LCV
M And HCV
- Geography
APAC
North America
Europe
South America
The Middle East and Africa
The automotive batteries market is driven by the decline in the price of automotive batteries for electric vehicles. In addition, the growing demand for air conditioning systems in commercial vehicles in APAC is expected to trigger the automotive batteries market toward witnessing a decelerating CAGR of over 4% during the forecast period.
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Global Automotive Lead-acid Battery Market- The automotive lead-acid battery market is segmented by application (aftermarket and OEM) and geography (APAC, North America, Europe, South America, and MEA).
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
26.55 million Units Growth Expected in Automotive Batteries Market: COVID-19 Focused Report|Technavio, NEW YORK, May 24, 2021
