Automotive Battery Market - Industry Analysis & Forecast (2024-30)

Sandipmaximize02 Dec, 2024Business

The demand for automotive batteries is increasing in developing regions, like the Asia Pacific and South America are observing rapid economic growth. The growth of the automotive industry in developing economies, like Mexico, Vietnam, Indonesia, India, and Thailand are expected to fuel the market in long run despite of not so good performance in 2023. Automotive batteries also provide power to automobile accessories, for example, radio, music players, air conditioners, wipers and charging plugs. With electronic equipment in the automotive, such as mobile phones needing to operate longer between charges while still consuming more power, there is always a need for batteries with a much higher energy density.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.