The global SLI battery market is poised to amass substantial returns over the ensuing years owing to the positive outlook of the automobile industry. SLI is a lead-acid and rechargeable battery designed to power a vehicle’s SLI system. In terms of SLI battery technology, there are two types available in the market; one is flooded-cell type and the other one is valve regulated lead acid (VRLA).
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.
Flooded SLI batteries are high maintenance compared to its counterparts, however, they still serve as an appropriate option for many automotive models. Despite its high maintenance needs, these types still have a longer battery life than many others, which makes flooded SLIs a lucrative segment for the global SLI industry.
The valve regulated lead acid SLI market is expected to witness immense growth over the coming years. These batteries are maintenance free and highly economical. Additionally, these batteries have a high capacity range and a longer life span that goes up to 10 years. Increasing demand for lightweight passenger vehicles and heavy-duty commercial vehicles will drive segmental growth, thereby boosting the worldwide SLI battery market size.
The growing proportion of premium vehicles being manufactured in the industry will offer novel growth opportunities to SLI battery manufacturers. Demand for passenger cars is primarily driven by greater affordability. A steady rise in people’s disposable income, especially across emerging economies, has provided a major push to the automobile industry. The increasing demand for personal vehicles will help proliferate SLI battery market growth over the coming years.
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 (U.S., Canada, Germany, UK, France, Russia, Italy, Spain, Austria, Netherlands, Sweden, China, Japan, India, South Korea, Australia, Indonesia, Malaysia, Thailand, Philippines, Saudi Arabia, UAE, Iran, Egypt, Turkey, Morocco, South Africa, Nigeria, Algeria, Brazil, Argentina, Mexico, Chile, Colombia, Paraguay, Ecuador, Peru, Uruguay) Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
As electric cars continue to attract more attention, they seem to present a huge threat to SLI battery manufacturers. However, some electric cars still run on lead acid batteries as an auxiliary battery for SLI applications. Lead acid batteries can provide the required power to a vehicle’s starter motor at an affordable cost. High preference for electric vehicles is less likely to impede SLI battery market growth in the ensuing years.
The America SLI battery market is poised to gain massive momentum in the upcoming years. The U.S. in particular, is slated to observe high production of commercial vehicles and heavy-duty trucks. Moreover, investments toward automobile manufacturing will positively influence industry outlook. High production across newly launched plants would be a positive sign for SLI battery demand in the region.
Vehicle sales in Brazil have surged owing to considerable economic growth and high consumer confidence. According to the nation’s vehicle distribution federation, sales of automobiles and light commercial vehicles are anticipated to grow throughout 2019. Low-interest rates and reduction in debt which resulted in better credit offers also augment regional revenues. Favorable policies and investment in automobile sector will further strengthen the growth avenues for America SLI battery manufacturers.
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