SLI Battery Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2025
The SLI Battery Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.
SLI battery market from aftermarket segment is set to witness growth over 2 % by 2025. Rising national fleet age along with increased spending toward automobile maintenance will positively influence the business growth. Furthermore, improvement in quality of vehicle manufacturing is set to create a cyclical demand for SLI batteries as owners are willing to invest in replacement and repair due to prolonged vehicular life.
Browse key industry insights spread across 415 pages with 663 market data tables & 63 figures & charts from the report, Global SLI Battery Market By Technology {Flooded, EFB, VRLA (AGM, GEL)}, By Sales Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/sli-battery-market
Increasing demand of passenger vehicles along with the relocation of automobile manufacturing facilities across developing economies including China, Brazil, Indonesia and India will drive the SLI battery market growth. Moreover, shifting trends toward e-hailing and personal mobility will positively stimulate the product demand.
Valve regulated lead-acid SLI battery market is set to witness gains over 4% by 2025. Long service life along with high cranking performance are some of the significant factors that favor the deployment of these units over traditional lead-acid batteries. Adoption of new automobile technologies including regenerative braking and start-stop systems has created a favorable business scenario for VRLA batteries. Furthermore, the increasing demand for additional electrical equipment and electronics in the automobile will create a persistent demand for SLI batteries.
SLI battery market from aftermarket is anticipated to expand over 2% by 2025. Rising national automobile age coupled with increasing population of automobiles outside the warranty period has created a cyclical demand for lead-acid SLI battery. Furthermore, the shifting trends toward increased spending aimed at the maintenance and repair of vehicles will augment the industry outlook.
The Middle East & Africa SLI battery is anticipated to exceed over USD 4 billion by 2025. Growing number of CKD (Complete Knock-Down) plants coupled with increasing per capita income will drive the product demand. Furthermore, growing construction activities along with recovering economic growth will increase the demand for light & heavy commercial vehicles, which in turn will boost the adoption of SLI battery.
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