SELBYVILLE, Delaware,
June 18, 2019 /PRNewswire/ -- The
Asia Pacific SLI battery market accounted for more than 30% revenue
share in 2018 and is projected to achieve lucrative CAGR from 2019
to 2025, supported by robust economic growth & stability along
with the expansion & development of automobile manufacturing
facilities.
The Middle East & Africa
SLI battery market value exceeded USD 2
billion in 2018 and is set to witness strong growth over the
forecast timeframe. Increasing per capita income coupled with
growing number of Complete Knock-Down (CKD) plants will drive the
industry growth. Recovering economic conditions along with growing
construction activities will create a significant demand for buses,
heavy trucks and other commercial vehicles which in turn will
enhance business outlook.
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Mexico market size is
anticipated to exceed 10 million units by 2025. Low labor wages and
high compensation toward automotive assembly projects are some of
the prominent factors which will augment the industry landscape. In
addition, aggressive manufacturing incentives has created a
favorable business environment for industry participants across the
automotive industry. Robust battery recycling processes &
infrastructure coupled with strong distribution channels will
further strengthen the SLI battery market size.
Global SLI Battery Market is set to surpass USD 47 billion by 2025, as reported in the latest
study by Global Market Insights, Inc. Ongoing technological
innovations coupled with changing consumer preferences toward
personal mobility will drive market growth. The growing demand for
additional electronics and equipment in automobiles will positively
influence the demand for high capacity VRLA batteries. Furthermore,
expertise in waste disposal processes and techniques toward battery
recycling will propel the demand for recycled SLI batteries.
Enhanced Flooded SLI battery market will expand over 5% by 2025.
Optimized charge acceptance coupled with large charging cycles are
some of the significant features that favor the adoption of these
batteries over traditional LAB's. The growing demand for high
performance batteries for automobiles with high power supply demand
will further boost business growth.
Browse key industry insights spread across 415 pages with 663
market data tables & 63 figures & charts from the report,
"Global SLI Battery Market By Technology {Flooded, EFB, VRLA
(AGM, GEL)}, By Sales Channel (OEM, Aftermarket), Industry Analysis
Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Spain,
Austria, Netherlands, Sweden, China, Japan,
India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi
Arabia, UAE, Iran,
Egypt, Turkey, Morocco, South
Africa, Nigeria,
Algeria, Brazil, Argentina, Mexico, Chile, Colombia, Paraguay, Ecuador, Peru, Uruguay) Application Potential, Competitive
Market Share & Forecast, 2019 - 2025" in detail along with
the table of contents:
https://www.gminsights.com/industry-analysis/sli-battery-market
Russia SLI battery market will witness growth on account of
increasing production of automobiles coupled with growing economic
stability. Favorable government policies toward automobile
manufacturing will further strengthen product adoption. For
instance, on April 2018, the Russian
government approved "Strategy of the development of the automotive
industry in Russia up to 2025"
with an aim toward improvement of technological competencies,
export share and production of automotive components.
SLI battery market from aftermarket segment is set to witness
growth over 2 % by 2025. Rising national fleet age along with
increased spending toward automobile maintenance will positively
influence the business growth. Furthermore, improvement in quality
of vehicle manufacturing is set to create a cyclical demand for SLI
batteries as owners are willing to invest in replacement and repair
due to prolonged vehicular life.
Significant industry participants operating across the SLI
battery market include ACDelco, Banner Batteries, Mutlu Battery,
Exide, Interstate Batteries, Dyno Battery, Power Sonic Corporation,
Trojan Battery, Crown Battery, FIAMM, Banner, Erdil Battery,
Braille Battery, Leoch International, Johnson Controls, East Penn
and Enersys amongst others.
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About Global Market Insights
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with penetrative insights and actionable market data specially
designed and presented to aid strategic decision making. These
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biotechnology.
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SOURCE Global Market Insights, Inc.