India Automotive Lead Acid Battery Market Overview 2018-2023, With a CAGR of 10% since 2012 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 2, 2018--The “India Automotive Lead Acid Battery Market Overview, 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Indian Automotive Lead Acid Battery market observed growth with a CAGR of more than 10% from 2012-13 to 2017-18.
The report titled “India Automotive Lead Acid Battery Market Overview, 2018-2023” provides deep analysis of the Indian Automotive Lead Acid Battery market with size in terms of both value and volume of automotive lead acid battery market and also provides market share of different segments. The report formed by segregating data from various sources and various time frames. It consists of various historic data and based on current situation of market and key factors provide forecast based on best suitable method.
The India Automotive Lead Acid Battery market which has seen a high amount of growth in the value terms in last five years. The market saw growth of all categories of automotive batteries, especially in two wheelers, followed by four wheelers and commercial vehicle batteries. With highest sales of two wheelers and four wheelers in Indian market, OEM and replacement battery market is also at its high. Two wheelers market has total sales of more than 123 million in last 8 years. The market share of replacement battery segment is currently more than 65%.
For future the share is expected to increase further with increasing number of vehicles in India. The key factors which drive the India automotive lead acid battery market are: Surge in automotive sales, Lead acid batteries strikes the right balance of cost and effectiveness, Rising demand for battery-powered vehicles, Recycling of the battery gives it an advantage over other competing products, Growing popularity of start/stop systems in the automotive sector.
Companies MentionedExide Industries Limited Amaraja Batteries Limited Luminous Power Technologies Limited HBL Power System Limited Su-kam Power Systems Limited
Key Topics Covered:
1. Executive Summary
2. India Lead Acid Market Outlook
3. India Automotive Lead Acid Battery Market
4. Product Price Variant Analysis
5. Company Profile
For more information about this report visit https://www.researchandmarkets.com/research/8wfv5b/india_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180802005307/en/
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Related Topics:Automotive Batteries
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/02/2018 04:39 AM/DISC: 08/02/2018 04:39 AM