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Battery Manufacturing in the US - Industry Market Research Report

  • July 2016
  • -
  • Ibisworld
  • -
  • 41 pages

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Charging forward: Fuel efficiency trends will increase demand from automakers



Abstract

Battery Manufacturing in the US

Products made by the Battery Manufacturing industry are used in nearly every US household and in everything from cars, motorcycles, cell phones, and lawn mowers. Economic recovery over the past five years and falling fuel prices have encouraged consumers to purchase new automobiles, which led to increased demand from automobile manufacturers for secondary batteries. However, low lead and other metal prices have forced operators to reduce their prices. However, increased consumer spending, rising demand from consumer electronic stores and the introduction of price-premium batteries is expected to bolster industry revenue. Over the next five years, as consumer spending rises, consumers will increase their purchases of batteries. Rising environmental concerns and gasoline prices will push demand for hybrid-electric vehicles that use batteries. Additionally, increased input costs will bolster revenue but lead to a slight decrease in profit.


This industry manufactures storage and primary batteries. Storage batteries are also known as secondary or rechargeable batteries. Primary batteries are nonrechargeable batteries. Industry products have a variety of uses in cell phones, medical equipment, households and the automotive and transport sectors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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