26.55 million Units Growth Expected in Automotive Batteries Market: COVID-19 Focused Report|Technavio

NEW YORK, May 24, 2021 /PRNewswire/ — The automotive batteries market is expected to grow by 26.55 million units during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the automotive batteries market in optimistic, probable, and pessimistic forecast scenarios.

Technavio has announced its latest market research report titled Automotive Batteries Market by Type and Geography - Forecast and Analysis 2021-2025

Enterprises will go through the Response, Recovery, and Renew phases.
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The automotive batteries market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Automotive Batteries Market Participants:

Amara Raja Batteries Ltd.
Amara Raja Batteries Ltd. offers a range of batteries under brand names Amaron and PowerZone for passenger vehicles, three-wheelers, two-wheelers, commercial vehicles, farm vehicles, and home UPS or inverters.

East Penn Manufacturing Co. Inc.
East Penn Manufacturing Co. Inc. offers a range of batteries such as Intimidator AGM, Deka Ultimate, Deka EN Exact Fit, Deka Gold, and AUX AGM.

EnerSys offers products such as Genesis EP batteries, Genesis NP batteries, Genesis XE batteries, Fiamm Motive power batteries, and Hawker ArmaSafe plus batteries.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: 
More Details:

Automotive Batteries Market 2021-2025: Segmentation
The automotive batteries market is segmented as below:

  • Type
    o   Passenger Cars
    o   LCV
    o   M And HCV
  • Geography
    o   APAC
    o   North America
    o   Europe
    o   South America
    o   The Middle East and Africa

The automotive batteries market is driven by the decline in the price of automotive batteries for electric vehicles. In addition, the growing demand for air conditioning systems in commercial vehicles in APAC is expected to trigger the automotive batteries market toward witnessing a decelerating CAGR of over 4% during the forecast period.

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Related Report on Utilities Include:
Global Automotive Lead-acid Battery Market– The automotive lead-acid battery market is segmented by application (aftermarket and OEM) and geography (APAC, North America, Europe, South America, and MEA).
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Global Battery Analyzers Market– The battery analyzers market is segmented by product (portable and stationary) and geography (APAC, North America, Europe, South America, and MEA).
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  • Vendor classification
  • Market positioning of vendors
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Written by Tenner Smith

Tenner Smith - I have experience in financial intelligence and automated intelligence. In industry I have worked on artificial intelligence and machine learning. Tenner Smith is a reporter at DF media.

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