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    Global Sli Battery Market | Covid-19 Impact Analysis

    Global Sli Battery Market | Covid-19 Impact Analysis

    Global Sli Battery Market | Covid-19 Impact Analysis
    Report code - SRCG143 Delivery - 2 Weeks
    Global SLI Battery Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Global Sli Battery Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Global Sli Battery Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Global SLI Battery Market Insights

    Global SLI Battery Market is likely to witness a CAGR of 3.0% during the forecast period. The major factors contributing to the growth of the market are increasing national fleet age across countries including Brazil, India, China, and Indonesia, Growing population of vehicles outside the warranty period creating a persistent demand for lead acid batteries, production of high quality automobiles extending the operational age of vehicles further strengthening the adoption of starter batteries, increase in the economic stability & growth across the developing economies along with optimistic view directed towards the automobile industry during the forecast period.

    Global SLI Battery Market - Snapshot

    Growth

    3.0% for the next five years

    Dominant Technology Type

    VRLA

    Major Sales Channel Type

    OEM

    Region with the highest demand

    Asia-Pacific

    Key Players

    Acumuladores Moura S/A, Crown Battery Manufacturing Company, East Penn Manufacturing Co., Inc., Enersys, Exide Technologies, GS Yuasa Corporation, Johnson Controls, Inc., Leoch International Technology Limited, Power Sonic Corporation, and Trojan Battery Company.

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    Market Share Analysis

    Global SLI Battery Market Share: By Technology Type

    Based on the technology type, the market is segmented as flooded, EFB, and VRLA. VRLA battery offers various features such as high cranking performance along with long service life which is expected to boost the deployment of these units over flooded lead acid batteries. On the other hand, the growing demand for light and heavy commercial vehicles because of surging freight traffic will also fuel the business growth during the forecast period. The Flooded SLI batteries are based on the oldest battery chemistry and are much economical as compared to other batteries such as VRLA and EFB, but as the flooded LABs need high maintenance cost and are not capable of accumulating energy comparable to VRLA batteries, they are going to lose their preeminence.

    Global SLI Battery Market Share: By Sales Channel Type

    Based on the sales channel type, the market is segmented as OEM and aftermarket. Factors such as increase in the investments toward automobile manufacturing across the emerging economies along with shifting of consumer preferences in the direction of personal mobility will have a positive impact on the growth of the OEM SLI battery market. On the other hand, the aftermarket SLI battery market is estimated to be driven by the aggressive expansion by original equipment manufacturers into aftermarket business coupled with rising investments directed towards customer experience optimization during the forecast period.

    Global SLI Battery Market Share: By Region

    In terms of regions, Asia-Pacific accounted for more than 30% share of the market in the year 2019. Factors such as robust economic growth & stability along with the expansion and development of various facilities in automobile manufacturing, easily available skilled labour & low cost production of steel, and optimistic attitude towards the adoption of two-wheelers along with increase in rates of car ownership are expected to create favourable conditions for automobile manufacturing and product penetration in the regional market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    The rising demand for freight trucks and heavy vehicles along with significant automobile inventory levels, growing investments toward the expansion and development of existing and new automobile manufacturing plants in the U.S. market is expected to fuel the adoption of these units in the market. Additionally, the increase in production of automobile along with the growth in economic stability across the European region, regulatory measures to limit vehicular emissions creating the demand for start-stop vehicles are expected to fuel the deployment of EFM and AGM batteries, and enhance the industry outlook during the forecast period.

    Some of the key players in the global SLI battery market are-

    • Acumuladores Moura S/A
    • Crown Battery Manufacturing Company
    • East Penn Manufacturing Co., Inc.
    • Enersys
    • Exide Technologies
    • GS Yuasa Corporation
    • Johnson Controls, Inc.
    • Leoch International Technology Limited
    • Power Sonic Corporation
    • Trojan Battery Company

     

    Market Scope & Segmentation

    SLI battery is a lead-acid battery that can be recharged and is primarily used in automobile applications. SLI stands for starting, lighting, and ignition as it is used for the three most important features in a vehicle, that is the starter motor, the lighting, and the ignition system, consuming all the energy supplied by the vehicle’s battery.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Global SLI Battery Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The global SLI battery market is segmented into the following categories. 

    Global SLI Battery Market Size, Share, & Forecast, by Technology Type:

    • Flooded (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • EFB (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • VRLA
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Technology Type Analysis: AGM and GEL)

    Global SLI Battery Market Size, Share, & Forecast, by Sales Channel Type:

    • OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global SLI Battery Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the technology types by sales channel type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Global SLI Battery Market in the foreseeable future?

    The global SLI battery market is expected to witness an impressive growth of 3.0% CAGR in the foreseeable future.

    Who are the key players in the Global SLI Battery Market?

    Acumuladores Moura S/A, Crown Battery Manufacturing Company, East Penn Manufacturing Co., Inc., Enersys, Exide Technologies, GS Yuasa Corporation, Johnson Controls, Inc., Leoch International Technology Limited, Power Sonic Corporation, and Trojan Battery Company are among the key players in the global SLI battery market.

    What are the major factors driving the growth of the Global SLI Market?

    The major factors driving the growth of the market are increasing national fleet age across countries including Brazil, India, China, and Indonesia, Growing population of vehicles outside the warranty period creating a persistent demand for lead acid batteries, increase in the economic stability & growth across the developing economies along with optimistic view directed towards the automobile industry during the forecast period.

    Which technology type is expected to remain dominant?

    VRLA battery is expected to remain dominant in the global SLI battery market in the coming years.

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