The Automotive Lead Acid Battery Market in India: Outlook to 2023 - The Cost Barrier for the Lithium-ion Battery is an Advantage for Lead-acid Battery in the Automotive Industry
DUBLIN, July 27, 2018 /PRNewswire/ --
The "India Automotive Lead Acid Battery Market Outlook, 2023" report has been added to ResearchAndMarkets.com's offering.
The Government of India has plans to make a major shift to electric vehicles by 2030. Even if India is able to achieve 50-70%, India will be one of the largest adopters of electric mobility. Lead acid battery is the best available option for electric vehicles.
According to the report, India's overall automotive lead acid battery market has grown with more than 10% CAGR over the reviewing period from year 2012-13 to 2017-18.
India automotive lead acid battery market is leading by two wheeler battery market, followed by four-wheelers and commercial battery market. As per the Society of India Automobile Manufacturers, the domestic sales of two wheelers in the country stood at more than 20 million units, which are expected to grow at a rapid pace over the next 5 years.
India has witnessed a tremendous growth in per capita income thereby resulting in more disposable income in the hands of its citizens. As a result, there has been a sharp increase in the sales of automobiles, particularly of the two wheelers. India has the most number of young people in the world. This is expected to spur the growth of two wheeler lead acid batteries in the forecast period.
The automobile industry employs about 19 million people directly and indirectly. India is the 8 largest commercial vehicle manufacturers in the world. While it is the 2nd largest bus manufacturer, it ranks 5th globally in manufacturing heavy trucks.
Growing inclination towards pollution-free electric vehicles coupled with technological developments is expected to increase product demand over the upcoming years.
The two wheeler and four wheeler battery market is anticipated to contribute more than 65% market share of total automotive lead acid battery market by year 2022-23. The major brands which offer lead acid battery in India are Exide and Amaron, which are jointly cater more than 50% of the lead acid battery market.
Key Topics Covered
1. Executive Summary
2. India Lead Acid Market Outlook
2.1. Market Size By Value
2.2. Market Share
2.2.1. By Type
2.2.2. By Segment
3. India Automotive Lead Acid Battery Market
3.1. Market Size
3.1.1. By Value
3.1.2. By Volume
3.2. Market Share
3.2.1. By Type
3.2.2. By Industry
3.2.3. By Company
3.3. India Automotive OEM Battery Market
3.3.1. Market Size
3.3.1.1. By Value
3.3.1.2. By Volume
3.3.2. Market Share by Industry
3.4. India Automotive Replacement Battery Market
3.4.1. Market Size
3.4.1.1. By Value
3.4.1.2. By Volume
3.4.2. Market Share by Industry
3.4.3. 2 Wheeler OEM and Replacement Battery Market
3.4.3.1. Market Size
3.4.3.1.1. By Value
3.4.3.1.2. By Volume
3.4.4. 3 Wheeler OEM and Replacement Battery Market
3.4.4.1. Market Size
3.4.4.1.1. By Value
3.4.4.1.2. By Volume
3.4.5. Passenger Vehicle OEM and Replacement Battery Market
3.4.5.1. Market Size
3.4.5.1.1. By Value
3.4.5.1.2. By Volume
3.4.6. Commercial Vehicle OEM and Replacement Battery Market
3.4.6.1. Market Size
3.4.6.1.1. By Value
3.4.6.1.2. By Volume
3.4.7. Tractor OEM and Replacement Battery Market
3.4.7.1. Market Size
3.4.7.1.1. By Value
3.4.7.1.2. By Volume
3.5. E-rickshaw OEM and Replacement Battery Market
3.5.1. Market Size
3.5.1.1. By Value
3.5.1.2. By Volume
3.6. Motive OEM and Replacement Battery Market
3.6.1. Market Size
3.6.1.1. By Value
3.6.1.2. By Volume
3.7. Other OEM and Replacement Battery Market
3.7.1. Market Size
3.7.1.1. By Value
3.7.1.2. By Volume
4. Product Price Variant Analysis
5. PEST Analysis
6. Market Dynamics
6.1. Key Driver
6.2. Key Challenges
7. Market Trends and Development
7.1. Electrical Batteries for Renewable Energy
7.2. Increasing Focus on Electric Vehicles
7.3. Increasing Automotive Sector
7.4. Performance Enhanced Through Technological Advancements
8. Indian Economic Profile
9. Trade Dynamics
9.1. Export
9.2. Import
10. Competitive Landscape
10.1. Porter Five Forces
10.2. Company Profile
10.2.1. Exide Industries Limited
10.2.2. Amaraja Batteries Limited
10.2.3. Luminous Power Technologies Limited
10.2.4. HBL Power System Limited
10.2.5. Su-kam Power Systems Limited
10.2.6. Okaya Power Private Limited
10.2.7. TATA Autocomp EY Batteries Private Limited
10.2.8. Base Corporation Limited
10.2.9. Southern Batteries Private Limited
10.2.10. Artheon Electronics Private Limited
11. Strategic Recommendation
For more information about this report visit https://www.researchandmarkets.com/research/5m4jft/the_automotive?w=5
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