Home > Energy, Mining, Oil & Gas > America SLI Battery Market
Industry Trends
America SLI battery market was valued at over USD 14 billion in 2019 and projected to witness a growth rate of 6.0% through 2026. Rise in automobile manufacturing facilities across the region will boost market demand for advanced SLI batteries. Flooded lead acid batteries accounted for dominant market share in 2019.
SLI battery is installed across a wide range of automobile applications which include passenger cars & motorcycles and both light & heavy commercial vehicles. High end automobile manufacturing has enabled to raise the vehicle’s operational age which is set to strengthen the adoption of SLII batteries overs the forecast timeline. Escalating buying power of customers along with repositioning of automobile manufacturing plants will further stimulate the America SLI battery market.
Get more details on this report - Request Free Sample PDF
However, the onset of COVID-19 pandemic has caused considerable economic disruption across the leading countries. Temporary shutdown of manufacturing plants and business activities on account of lockdown and social distancing measures has hampered the America SLI battery market growth. Moreover, shortfall of manpower has led to disruption in supply chains which has further restrained product deployment.
| Report Coverage | Details |
|---|---|
| Base Year: | 2019 |
| Market Size in 2019: | 14 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.0% |
| 2026 Value Projection: | 16 Billion (USD) |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 245 |
| Tables, Charts & Figures: | 254 |
| Segments covered: | Technology |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Get more details on this report - Request Free Sample PDF
Despite the economic slowdown, the market growth of starter batteries is expected to make progress by the end of 2020, as the manufacturing operations restart after the lockdown.
The study features a detailed analysis of industry trends across America segmented on a country basis, across technology. Moreover, the America SLI battery market forecasts & estimates are in line with the data represented by authorities including the U.S. Environmental Protection Agency (EPA), Independent Battery Manufacturers Association (IBMA), Advanced Lead Acid Battery Consortium (ALABC), World Trade Organization (WTO), Automotive Aftermarket Suppliers Association, Association of Battery Recyclers, and company investor presentations.
Growing demand for passenger vehicles will propel the flooded lead acid battery business growth
Get more details on this report - Request Free Sample PDF
Flooded lead acid batteries is expected to witness a growth rate of over 4% during 2020 to 2026 on account of their low cost, deep discharge cycle life, and well proven reliability. Flooded SLI batteries support the automobile applications by fulfilling the requirement of low cost products across aftermarket customers, which in turn will favor the America SLI battery market trends.
These batteries are also known as vented batteries, which requires topping up and regular monitoring with distilled water for extended durability. Enhanced operational performance in hot climatic conditions, high discharge rate capability and their wide availability are some of the prominent features of flooded SLI batteries making them a favorable option for automotive applications.
Growing penetration of vehicles with start stop functionality will stimulate the market statistics for the U.S. SLI batteries
Get more details on this report - Request Free Sample PDF
The U.S. SLI battery market is expected to expand over 5% through 2026. Favorable regulatory measures to curb the vehicle emissions has increased the demand for start stop vehicles which in turn will propel the deployment of AGM and EFB SLI batteries. In addition, growing investments toward the expansion of automobile manufacturing facilities coupled with growing sales of commercial vehicles will raise the adoption of SLI battery units.
For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), sales of commercial vehicles in the U.S. accounted for more than 70% of the total vehicles sold in 2019.
Product innovation and mergers and acquisition are prominent strategies followed by key market players
The key market players are focusing on developing new products with advanced features to enhance their market share in America SLI battery industry. In addition, mergers and acquisitions are among the prominent strategies followed by the leading industry participants to achieve a competitive edge in the market share. Moreover, key industry players are focusing toward forward integration by manufacturing lead acid batteries to achieve economies of scale and increase their industry share.
The leading players profiled in America SLI battery market report includes XS Power Battery, Superior Battery Manufacturing Company, Continental Battery Manufacturing Company, Discover Battery, U.S. Battery Manufacturing Co., NorthStar Battery Company LLC, Power Sonic Corporation, Crown Battery Manufacturing Company amongst other players.
By Technology
- Flooded
- EFB
- VRLA
- AGM
- GEL
The above information has been provided for the following countries.
By Country
- U.S.
- Canada
- Panama
- Brazil
- Argentina
- Mexico
- Chile
- Colombia
- Ecuador
- Paraguay
- Peru
- Uruguay
- Dominican Republic
- EL Salvador
Frequently Asked Questions (FAQ) :