LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global recreational vehicle battery market 2017-2021 report. This market research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global recreational vehicle battery market is expected to grow at a CAGR of close to 13% during the forecast period. The market is characterized by the presence of many global, regional, and local vendors. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that hinder the growth of the market.
The declining prices of Li-ion batteries and the rapidly changing preferences of end-users for other advanced batteries will present a significant challenge for lead-acid battery (LAB) vendors. Many vendors are facing losses, and the continuous demand for upgrading and innovation are further creating hurdles for the vendors to sustain themselves in the market. East Penn Manufacturing, EnerSys, Exide Technologies, Johnson Controls, and Trojan Battery dominate the global recreational vehicle battery market.
“As standards related to carbon emissions become stricter YoY due to increasing greenhouse gas emission rates, investors are wary about investing in the market. New and existing vendors are making efforts to improve their sales, distribution, and working capital effectively to sustain their operations, as the market dynamics for LABs are volatile,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage research.
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Technavio energy market research analysts identify the following key vendors:
East Penn Manufacturing
East Penn Manufacturing offers LABs, wires, cable products, and battery accessories. The company produces more than 30,000 batteries daily. The business segments of the company are classified into transportation, motive power, reserve power, and wire and cable. East Penn Manufacturing provides improved recreational vehicle batteries, with an extended lifespan.
EnerSys
EnerSys manufactures, markets, and distributes industrial batteries and related products such as chargers, outdoor cabinet enclosures, power equipment, and battery accessories. It offers related after-market and customer-support services for industrial batteries. EnerSys, in the global recreational vehicle battery market, offers the ODYSSEY Extreme battery series.
Exide Technologies
Exide Technologies is a global provider of complex stored energy needs of customers. It provides services and systems that enhance vehicle performance and fleet utilization. It aims to reduce the risk of temporary power supply interruptions. The company targets major markets in the US and Europe and focuses on mid and downstream car manufacturers for sales.
Johnson Controls
Johnson Controls serves general vehicle battery aftermarket by providing energy storage technology coupled with systems engineering, marketing, and service expertise. The company also supplies advanced battery technologies to power start/stop vehicles, HEVs, and EVs.
Trojan Battery
Trojan Battery is primarily involved in the manufacture of deep-cycle batteries. It offers deep-cycle flooded, AGM, and gel batteries. Trojan Battery serves golf and utility vehicles, transportation, marine, floor machines, commercial trucking, aerial work platforms, recreational vehicles, material handling, and renewable energy markets.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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