Automotive lead acid battery market to surpass US$33.14B

Globally, the automotive lead acid battery market is expected to increase at 4.2% CAGR during 2016 - 2026 and surpass US$ 33.14 billion in revenues. These insights are featured in a new report "Automotive Lead Acid Battery Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026" by Future Market Insights (FMI).

Lead acid batteries are widely used for starting, lighting, and ignition purposes in automobiles. Stable growth in automotive production, promising vehicle sales outlook in developing economies, and expanding size of fleet on road are expected to fuel demand for lead acid batteries during the forecast period. Technological advancements in powertrains and carbon emission reduction; and growth in wireless charging infrastructure are other key factors expected to drive growth of the automotive lead acid battery market during the forecast period.