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The Latin America automotive lead-acid battery market size reached US$ 417 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 560 Million by 2027, exhibiting a growth rate (CAGR) of 4.98% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Lead-acid batteries store electric energy which is utilized to power electrical circuits of a car. They consist of lead and lead oxide plates which are further immersed in a sulfuric acid solution. These batteries are not only efficient but are also cost-effective. Consequently, they are extensively used in the automotive industry for the purpose of starting, lighting and ignition (SLI). The sales of automotive lead-acid batteries in Latin America is experiencing a boost on account of the improving purchasing power of consumers and lowering automobile prices across the region. Apart from this, initiatives undertaken by governments of several Latin American countries to improve the automotive infrastructure is expected to provide a thrust to the market. For instance, Inovar-Auto, an initiative by the Federal Government of Brazil, offers incentives to automakers for the production of more efficient, safer, and technology-advanced vehicles, thereby creating a demand for lead-acid batteries.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America automotive lead-acid battery market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, product, type and customer segment.
IMARC Group’s latest report provides a deep insight into the Latin America 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 Latin America automotive lead-acid battery market in any manner.
|Base Year of the Analysis||2021|
|Segment Coverage||Vehicle Type, Product, Type, Customer Segment, Country|
|Countries Covered||Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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