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Worldwide SLI Battery Market size to exceed $47bn by 2025

  • Published Date: June 13, 2019

Global SLI Battery Market size will surpass USD 47 billion by 2025, as reported in the latest study by Global Market Insights Inc.

Ongoing technological innovations coupled with changing consumer preferences toward personal mobility will drive market growth. The growing demand for additional electronics and equipment in automobiles will positively influence the demand for high capacity VRLA batteries. Furthermore, expertise in waste disposal processes and techniques toward battery recycling will propel the demand for recycled SLI batteries.

Global SLI Battery Market

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Russia SLI battery market will witness growth on account of increasing production of automobiles coupled with growing economic stability. Favorable government policies toward automobile manufacturing will further strengthen product adoption. For instance, on April 2018, the Russian government approved “Strategy of the development of the automotive industry in Russia up to 2025” with an aim toward improvement of technological competencies, export share and production of automotive components.

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 - 2025in detail along with the table of contents:

Mexico market size is anticipated to exceed 10 million units by 2025. Low labor wages and high compensation toward automotive assembly projects are some of the prominent factors which will augment the industry landscape. In addition, aggressive manufacturing incentives has created a favorable business environment for industry participants across the automotive industry. Robust battery recycling processes & infrastructure coupled with strong distribution channels will further strengthen the SLI battery market size.

The Middle East & Africa market in 2018, was valued over USD 2 billion and is set to witness strong growth over the forecast timeframe. Increasing per capita income coupled with growing number of Complete Knock-Down (CKD) plants will drive the industry growth. Recovering economic conditions along with growing construction activities will create a significant demand for buses, heavy trucks and other commercial vehicles which in turn will enhance business outlook.

Significant industry participants operating across the SLI battery market include ACDelco, Banner Batteries, Mutlu Battery, Exide, Interstate Batteries, Dyno Battery, Power Sonic Corporation, Trojan Battery, Crown Battery, FIAMM, Banner, Erdil Battery, Braille Battery, Leoch International, Johnson Controls, East Penn and Enersys amongst others.

Global SLI battery market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2014 to 2025, for the following segments:

Global SLI battery market, By Technology

  • Flooded
  • EFB
  • VRLA
    • AGM
    • GEL

Global SLI battery market, By Sales Channel

  • OEM
  • Aftermarket

The above information is provided on a country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Russia
    • France
    • Germany
    • Italy
    • Netherlands
    • Spain
    • Sweden
    • UK
    • Austria
  • Asia Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • South Korea
    • Thailand
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Iran
    • Egypt
    • Turkey
    • Morocco
    • South Africa
    • Nigeria
    • Algeria
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Chile
    • Colombia
    • Ecuador
    • Paraguay
    • Peru
    • Uruguay
Authors: Ankit Gupta , Nikhil Paranjape