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Asia Pacific Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product, Type, and End User

Asia Pacific Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product, Type, and End User

  • July 2021
  • 137 pages
  • ID: 6134562
  • Format: PDF
  • The Insight Partners


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The automotive lead acid battery market in APAC is expected to grow from US$ 10,256.23 million in 2021 to US$ 11,914.47 million by 2028; it is estimated to grow at a CAGR of 2.2% from 2021 to 2028. The automotive sector is undergoing tremendous technological advancements in this region, which is generating significant growth opportunities for battery manufacturing companies. For instance, in India, the government authority has mandated that all automotive manufacturers including four-wheeler and two-wheelers can produce, sell, and register BSVI-compliant vehicles only. This rule has been effective from April 1, 2020. Additionally, with the formation of stringent regulations regarding vehicle emissions, automotive manufacturers are anticipated to make a shift into micro-hybrid engine architecture, which would further propel the demand for complex and advanced car batteries. Also, the predicted evolution in the 12-volt lead-acid battery technology would be one of the major factors contributing to the APAC automotive lead acid battery market growth in coming years.
Based on end user, the market is segmented into passenger cars, LCV, M&HCV.The passenger cars segment dominated the end user segment in the market in 2020.

Passenger cars are used for carrying passengers with limited seating capacity (not more than 9 people).Modern SLI batteries use 6 connected cells and provide 12-volt system in many passenger cars.

Automotive manufacturers in APAC produced 35,837,271 passenger cars in 2020.Irrespective of the dip in production in 2020 due to the COVID-19 pandemic, the production of passenger cars is expected to increase in the coming years due to improving conditions with the changing approach toward the treatment and prevention of the disease.

The projected rise in passenger vehicles production would continue to boost the automotive lead acid batteries market growth during the forecast period.
The government of APAC is taking possible steps to mitigate the ill-effects of COVID-19.China and India are leading manufacturing hubs in the region, and they are also among the severely affected countries by the disease in APAC.

India, Japan, and South Korea, among others, are still combating the virus, which is a main reason of the slowdown in the growth of the automotive lead acid batteries market in the region.China is responsible for more than 80% of the global auto supply chain.

Hubei, for example, is one of China’s four main car production centers, with over 100 automotive suppliers.Hubei’s automotive plants were closed until March 11 and are now slowly reopening.

However, China has been able to stabilize its spread of COVID-19, and industries are up and running, which would reflect in the stabilization of the automotive lead acid batteries market in APAC in the coming years.
The APAC automotive lead acid battery market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the APAC automotive lead acid battery market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the APAC automotive lead acid battery market. Clarios; CSB Energy Technology Co., Ltd.; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; GS Yuasa International Ltd.; Johnson Controls, Inc.; KOYO BATTERY CO., LTD; leoch International Technology Limited Inc; and Panasonic Corporation are among the key market players operating in APAC.

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