Micro Hybrid Batteries Segment is Expected to be Fastest Growing During the Forecast Period for SAM Region.
According to a new market research study on “SAM Automotive Lead Acid Battery Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, Type, and End-user” is expected to reach US$ 951.45 million by 2028 from 687.66 US$ million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the SAM automotive lead acid battery market along with the drivers and restraints pertaining to the market growth. Increasing popularity of mild hybrid vehicles is the major factor driving the growth of the SAM automotive lead acid battery market. However, issues associated with adoption of electric vehicles in SAM region hinders the growth of SAM automotive lead acid battery market.
The SAM automotive lead acid battery market is segmented based on product, type, and End-user. Based on product, the SAM automotive lead acid battery market is segmented into SLI, micro hybrid batteries. The SLI segment held the largest market share in 2020. Based on type, SAM automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA. The flooded segment dominated the market. 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.
Brazil has recorded the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments of SAM countries have taken an array of actions to protect their citizens and contain the virus spread. The region is expected to experience lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners of many of the SAM countries. The containment measures have adversely impacted the manufacturing sector, including automotive manufacturing industry. Major automotive manufacturers have also temporarily closed their production processes as a part of the cost-control measures. Thus, the abovementioned factors have resulted in the low demand for automotive lead acid batteries in SAM, thus affecting the market performance.
Clarios; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; Johnson Controls, Inc.; and Panasonic Corporation are among the leading companies in the SAM automotive lead acid battery market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Panasonic Corporation had launched a range of valve-regulated 12V lead-acid batteries. This replaced its LC-R range of 26 models. The VRLA batteries called the “New-R” series, are suitable for applications such as emergency lights, medical equipment, wind turbines, and electric wheelchairs.
According to a new market research study on “SAM Automotive Lead Acid Battery Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Product, Type, and End-user” is expected to reach US$ 951.45 million by 2028 from 687.66 US$ million in 2021. The market is estimated to grow at a CAGR of 4.7% from 2021 to 2028. The report provides trends prevailing in the SAM automotive lead acid battery market along with the drivers and restraints pertaining to the market growth. Increasing popularity of mild hybrid vehicles is the major factor driving the growth of the SAM automotive lead acid battery market. However, issues associated with adoption of electric vehicles in SAM region hinders the growth of SAM automotive lead acid battery market.
The SAM automotive lead acid battery market is segmented based on product, type, and End-user. Based on product, the SAM automotive lead acid battery market is segmented into SLI, micro hybrid batteries. The SLI segment held the largest market share in 2020. Based on type, SAM automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA. The flooded segment dominated the market. 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.
Brazil has recorded the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments of SAM countries have taken an array of actions to protect their citizens and contain the virus spread. The region is expected to experience lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners of many of the SAM countries. The containment measures have adversely impacted the manufacturing sector, including automotive manufacturing industry. Major automotive manufacturers have also temporarily closed their production processes as a part of the cost-control measures. Thus, the abovementioned factors have resulted in the low demand for automotive lead acid batteries in SAM, thus affecting the market performance.
Clarios; East Penn Manufacturing Company; EnerSys; Exide Industries Limited; Johnson Controls, Inc.; and Panasonic Corporation are among the leading companies in the SAM automotive lead acid battery market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Panasonic Corporation had launched a range of valve-regulated 12V lead-acid batteries. This replaced its LC-R range of 26 models. The VRLA batteries called the “New-R” series, are suitable for applications such as emergency lights, medical equipment, wind turbines, and electric wheelchairs.
The report segments the SAM Automotive Lead Acid Battery Market follows:
SAM Automotive Lead Acid Battery Market - By Product
- SLI
- Micro Hybrid Batteries
SAM Automotive Lead Acid Battery Market - By Type
- Flooded
- Enhanced Flooded
- VRLA
SAM Automotive Lead Acid Battery Market - By End-user
- Passenger Cars
- LCV
- M&HCV
SAM Automotive Lead Acid Battery Market - By Country
- Brazil
- Argentina
- Rest of SAM
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM automotive lead acid battery market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM automotive lead acid battery market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the automotive lead acid battery market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. SAM Automotive Lead Acid Battery Market Landscape
5. SAM Automotive Lead Acid Battery Market - Key Market Dynamics
6. Automotive Lead Acid Battery Market - SAM Analysis
7. SAM Automotive Lead Acid Batteries Market Analysis By Product
8. SAM Automotive Lead Acid Batteries Market - By Type
9. SAM Automotive Lead Acid Batteries Market - By End-User
10. SAM Automotive Lead Acid Battery Market - Country Analysis
11. SAM Automotive Lead Acid Battery Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Clarios
- EnerSys
- East Penn Manufacturing Company
- Exide Industries Limited
- Johnson Controls, Inc.
- Panasonic Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 106 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 687.66 Million |
Forecasted Market Value ( USD | $ 951.45 Million |
Compound Annual Growth Rate | 4.7% |