North America Automotive Lead-Acid Battery Market Estimated to Reach US$ 4.81 Billion By 2027

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 Automotive Lead-Acid Battery market share in North America. 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.

Lead-acid batteries are made using a lead-dioxide cathode, sponge metallic lead anode and a sulfuric solution of acid and water. They assist in starting, lighting, and ignition (SLI) applications in automobiles. They provide benefits, such as durability, low replacement and maintenance costs, energy to start engines, and robust and abuse-tolerant nature. As a result, they are gaining immense popularity in the North American region.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

At present, increasing sales of automobiles represent one of the key factors fueling the growth of the market in the North American region. Moreover, these batteries exhibit beneficial characteristics like high current delivery, tolerance to overcharging, resistance to corrosion and abrasion, and low internal impedance. Furthermore, a significantly escalating demand for electric vehicles (EV) on account of rising environmental concerns is acting as another growth-inducing factor. Moreover, the increasing adoption of lead-acid batteries in hybrid vehicles, light motor vehicles, and heavy motor vehicles is anticipated to drive the market in the region.

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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:

Market by Vehicle Type:

• Passenger Cars
• Commercial Vehicles
• Two Wheelers
• HEV Cars

Market by Product:

• SLI Batteries
• Micro Hybrid Batteries

Market by Type:

• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries

Market by Customer Segment:

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

Other Reports of IMARC Group:

Europe Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/europe-automotive-lead-acid-battery-market

Latin America Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/latin-america-automotive-lead-acid-battery-market

GCC Automotive Lead-Acid Battery Market: https://www.imarcgroup.com/gcc-automotive-lead-acid-battery-market

East Africa LED Lighting Market: https://www.imarcgroup.com/east-africa-led-lighting-market

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