This report provides in depth study of “Anz Automotive Battery Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Anz Automotive Battery Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
An automotive battery is type of rechargeable battery that is utilized for the starting, lighting, and ignition of a vehicle, and for handling all the electric parts of the vehicle. Automotive batteries are installed in both, IC engine-propelled vehicles as well as electric & hybrid vehicles. Electrification of vehicle components and increasing preference toward electrical vehicles factors are expected to boost the demand for automotive batteries over the forecast period.
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A study by PMR concludes that, the ANZ automotive battery market will expand at a CAGR of 7 % over the forecast period of 2020 to 2030, and reach a valuation of US$ 1.5 Bn by the end of 2030.
Key Players:
The report has profiled some of the important players prevalent in the global like – GS Yuasa Corporation, Exide Technologies, East Penn Manufacturing Company, Clarios Delkor Corporation, ENERSYS, Panasonic Corp, Supercharge Batteries, Hankook AtlasBX Co. Ltd., FIAMM Energy Technology S.p.A., Marshall Batteries and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Anz Automotive Battery.
Key Takeaways of ANZ Automotive Battery Market Study
- Australia holds a leading market share in ANZ automotive battery market, due to overall huge vehicle fleet and increasing electrical vehicle sales in the country.
- For the ANZ automotive battery market, as most of installations take place in the aftermarket, where quality and pricing are deciding factors for a sale to materialize, it becomes extremely important for players to fight for the same piece of pie with a double-edged pricing strategy.
- By battery type, the lead acid batteries segment is anticipated to hold a significant market share, and is expected to continue its dominance over the forecast period.
- Market participants are increasing their online e-Commerce platforms and dealer networks across the region, which is a key emerging trend in the ANZ automotive battery market.
- The COVID-19 crisis is estimated to have significant impact on the ANZ automotive battery market, owing to the limited production capabilities of market participants in present times. Moreover, the crisis has also had a direct impact on the overall sales of automotive batteries.
“Increasing preference toward e-mobility solutions and technical advantages of lithium-ion batteries is a key market trend. Moreover, the prices of lithium-ion batteries have witnessed a significant drop over the past few years, and will continue to do so in the coming years. With these falling prices and growing penetration of electrical vehicles, market participants would need to focus more on the production of lithium-ion batteries,” says a PMR analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Anz Automotive Battery Market Manufacturers
Anz Automotive Battery Market Distributors/Traders/Wholesalers
Anz Automotive Battery Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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