U.S. Automotive Battery Aftermarket Analysis by Size, Share, Growth Opportunities and Trends 2021 – 2025

24th Feb 2021 - The U.S. Automotive Battery Aftermarket size is estimated to reach USD 4.2 billion, by 2025, and is projected to grow at a CAGR of 1.4% from 2018 to 2025, according to a new report by Million Insights. The increasing demand for electric vehicle is expected to be a key factor fostering growth of the market.

Growing trend of hybrid electric vehicle (HEV) along with increasing number of charging points is projected to bode well in the market growth during the forecast period in the report. Low running cost associated with electric vehicle when compared with conventional vehicles is boosting the growth of batteries. Additionally, rising air pollution, global warming, are some of the key factors which are expected to change consumer preference from conventional fuel type vehicles to electric vehicles.

Electric vehicle manufacturers also focus on offering vehicles made from eco-friendly materials. For example, Ford uses recycled and bio-based materials for its car manufacturing.

Access U.S. Automotive Battery Aftermarket Report with TOC @ https://www.millioninsights.com/industry-reports/us-automotive-battery-aftermarket-industry

U.S. Automotive Battery Aftermarket Battery Type Outlook (Volume, Million; Revenue, USD Million, 2014 - 2025)

    • Lithium-ion

    • Lead Acid

    • Nickel-based

    • Sodium-ion

    • Others

U.S. Automotive Battery Aftermarket Vehicle Type Outlook (Volume, Million; Revenue, USD Million, 2014 - 2025)

    • Passenger Vehicle

    • Electric Vehicle

    • Commercial Vehicle

    • Others

Digitalization and development in maintenance & repair services is increasing the need for customised vehicle, which in turn is expected to boost the market growth. For example, auto art network, and carparts.com are the major supplier of automobile spare parts. This trend of customization at affordable prices is expected to gain traction among consumers.

Auto parts warehouse provide auto components at affordable prices with maintenance and battery replacement. Moreover, the digitalization has allowed OEMs to deliver auto supplies to respective location anywhere in the world. It includes drop and pickup service at remote locations with additional repair services.

Fluctuations in prices of raw material are restraining the growth of U.S. automotive battery aftermarket. Polypropylene. sulfuric acid, and lead oxide are used for manufacturing batteries. Propylene is originated from petroleum, and carbon compound. Natural gas and crude oil are the primary elements used to produce propylene. Therefore, the changing prices of these oils have impact on cost dynamics of battery.

Request a Sample Copy of U.S. Automotive Battery Aftermarket Report @ https://www.millioninsights.com/industry-reports/us-automotive-battery-aftermarket-industry/request-sample

Further key findings from the report suggest:

• Development of hybrid electric vehicle (HEV) with high investment plans is projected to support market growth. for example, American reinvestment act has granted fund to government and private entities to develop electric vehicles.

• Based on distribution channel, in 2018, e-commerce channel segment is anticipated to grow at a CAGR of over 5.5%from 2019 to 2025.

• Key players in the U.S. automotive battery aftermarket includes, EnerSys, Exide Technologies, Johnson controls, Tesla, Inc., NEC Corporation, and Delphi Technologies

Comments

Post a Comment

Popular posts from this blog

Spinal Implants & Devices Market Forecast Analysis by Manufacturer, Types, Applications and Regions 2023 – 2030

  Spinal Implants & Devices Industry Overview The global  Spinal Implants & Devices Market  size is expected to reach USD 19.0 billion by 2030 and is expected to expand at a CAGR of 5.2% in the forecast period, from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of vehicular accidents is leading to increasing new cases of spinal cord injuries (SCIs). Other causes of SCIs include falls, violence, acts of violence, sports and recreation injuries, and diseases. Vehicular or road accidents and falls account for the majority of SCI cases. Fall-induced SCI is common among people aged 65 years and above. Acts of violence such as gunshot wounds or knife wounds account for around 12% of SCI cases. Sports activities such as diving in shallow water and impact sports lead to nearly 10% of SCIs. Cancer, osteoporosis, arthritis, and inflammation of the spinal cord also cause SCI. Based on National Spinal Cord Injury Statistical Center da...
Read more

Latin America Pharmaceutical Contract Manufacturing & Research Services Market Overview, Cost Structure Analysis and Forecast to 2030

  Latin America Pharmaceutical Contract Manufacturing & Research Services Industry Overview The  Latin America Pharmaceutical Contract Manufacturing & Research Services Market  size is expected to reach USD 40.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.5% from 2022 to 2030. The low cost of drug registration in Latin American countries and the economic growth are the key factors contributing to progress in this region. Moreover, factors such as the growing demand for generics, rising investments in R&D, the growing geriatric population, and the increasing burden of chronic diseases are responsible for market growth. The outbreak of COVID-19 has boosted the market growth as companies have increased investments in R&D and manufacturing to develop vaccines and drugs against the COVID-19. During the coronavirus outburst, the supply chains of biopharmaceutical companies remained robust...
Read more

Mobile Phone Insurance Market - Global Industry Insights, Trends and Growth Opportunity Analysis to 2028

  Mobile Phone Insurance Industry Overview The global mobile phone insurance market size was valued at USD 23.3 billion in 2020. It is expected to expand a compound annual growth rate (CAGR) of 12.6% from 2021 to 2028. Increasing incidents of accidental damage, phone thefts, virus infection, and device malfunction are expected to drive market growth over the forecast period. These incidents have impelled customers to look for ways to safeguard their mobile phones and thereby, adopt mobile phone coverage policies. Mobile phone insurance helps consumers avoid high replacement costs in case their mobile phone is lost or faces a breakdown. A mobile phone insurance policy usually covers physical damage, internal coverage failure, theft and loss protection, and virus and data protection, among others. Gather more insights about the market drivers, restrains and growth of the   Global   Mobile Phone Insurance market Mobile phones serve as a platform for entertainment, education,...
Read more