Lead Acid Batteries (Automotive): A Global Strategic Business Report
San Jose, CA (Vocus) October 14, 2010
Lead acid batteries are considered to have one of the fastest global growth rates. The emerging new concept of zero emission pollution control in the West, has paved way for development of electric vehicles (EVs) and Hybrid Electric Vehicles (HEVs). Usage of lead acid battery is expected to grow further with technological advancements in the electric vehicles market. Although efforts are on to develop a “miracle battery” for electric vehicles, lead acid batteries are one of the few battery technologies that are considered as the workhorses of today’s EV fleet. The influx of cutting edge technology has brought forth a new genre of long lasting, lead acid batteries featuring smaller size and lightweight attributes.
The lead acid batteries market was significantly impacted by the global economic slowdown. Worldwide demand recorded a heavy decline of over 8% in 2009 over the previous year. The OEM market, registering a decrease of about 12% (value terms) in 2009, was more severely impacted in comparison to the replacement market, as demand for new cars fell owing to the financial crunch. Several automobile companies enforced production cuts to cope with loss in demand for new vehicles. Automobile production in major markets such as the US, Europe and China remained at negligible/flat levels during the slowdown period, leading to considerable glut in the OEM market. In the replacement market also, retailers resorted to destocking of inventories to overcome the reduced demand situation. Battery manufacturers also faced increased challenges on account of volatile lead and raw material prices from fluctuating metal prices. Turnaround in the market is primarily dependent upon revival of the automobiles sector and increased sales of passenger cars and commercial vehicles.
Rapidly developing markets within Asia-Pacific, particularly China and India, hold ample opportunities for future growth, as stated by the new market research report on Lead Acid Batteries (Automotive). Asia-Pacific clearly dominates over other world regions and is also forecast to witness the highest growth rate compounded annually through 2015. In terms of sheer market size, Europe and the US are considered the other primary markets worldwide.
The Aftermarket/Replacement Market is the largest end-use segment for lead acid automotive batteries, capturing a lion’s share of the world market. The segment is also anticipated to expand at a comparatively faster growth rate than the original equipment market. Commercial vehicles and passenger cars are important end-user markets, driving market developments and advancements.
Technology, quality, reliability, and price play significant role in influencing the battery market. There is a strong price competition in prices between the auto manufacturers and component makers in the original equipment market. Leading players profiled in the report include Lion Batteries (Wholesale) Pty Ltd, C&D Technologies, Inc., CSB Battery Company Ltd., East Penn Manufacturing Company, Inc., EnerSys, Exide Technologies, Tudor India Limited, Exide Industries Limited, F.I.A.M.M SpA, Akuma, Fujian Quanzhou Dahua Battery Co. Ltd, Furukawa Battery Co. Ltd., GS Yuasa Manufacturing Ltd., Johnson Controls, Inc. and Panasonic Corporation.
The report titled “Lead Acid Batteries (Automotive): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, end-use analysis, environmental safety, product introductions, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Market analytics are provided in terms of terms of dollar (value) and units (volume) for end-use segments including Original Equipment Market (Motorcycles, Passenger Cars, Commercial Vehicles) and Aftermarket/Replacement Market (Motorcycles, Passenger Cars, Commercial Vehicles). The study presents historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Lead_Acid_Batteries_Automotive_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com/
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