The North America automotive lead-acid battery market reached a value of US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.81 Billion by 2027, exhibiting at a CAGR of 2.84% 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 on different end use sectors. These insights are included in the report as a major market contributor.
Lead-acid batteries are defined as a reliable technology used for starting, lighting and ignition (SLI) applications in automobiles. These batteries are made from a lead-dioxide cathode, sponge metallic lead anode and a sulfuric solution of acid and water. They have various beneficial features, which include low replacement and maintenance costs, and robust and abuse-tolerant nature. Other than this, these batteries are durable and provide enough energy to start engines. In addition to this, the recycling infrastructure of lead-acid batteries is closed in countries such as the United States. This reduces the manufacturing costs as most of the new batteries are manufactured using raw materials sourced from recycled products. At present, the increasing sales of automobiles are primarily driving the market in the region. Moreover, with rising demand for electric vehicles, the market is projected to expand at a favorable rate during the next few years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America automotive lead-acid battery market, 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.
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