The GCC automotive lead-acid battery market reached a value of US$ 204.4 Million in 2019. The lead acid battery is a key component in automobiles such as motorcycles, passenger cars and commercial cars. It consists of a metallic lead anode, a lead-dioxide cathode and an electrolyzed sulfuric acid solution. These batteries are extensively used for the Starting, Lighting and Ignition (SLI) process in automobiles as they are reliable, robust, cost-effective and can withstand heavy usage. Apart from automobile starter motors, these batteries also supply voltage to multiple accessories such as wipers, music systems, air conditions and charging plugs. At present, the thriving automotive industry is driving the growth of the GCC region automotive lead-acid battery market. Owing to rapid urbanization, coupled with the high disposable incomes in the region, there has been a significant increase in the production automobiles, especially electric-powered and hybrid cars. Moreover, increasing research and development (R&D) activities with the aim to develop advanced and eco-friendly variants are further catalyzing the market growth. Looking forward, IMARC Group expects the GCC automotive lead-acid battery market to exhibit moderate growth during the next five years.
Key Questions Answered in This Report:
IMARC Group’s latest report provides a deep insight into the GCC automotive lead -acid battery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC automotive lead-acid battery market in any manner.
Report Customization: Although IMARC has tried to cover everything in the GCC automotive lead-acid battery market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.
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