Research and Markets: The Automotive Replacement Battery Market in China is Forecasted to Surpass USD 16 Billion in 2018
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3t36tq/china_automotive) has announced the addition of the "China Automotive Battery Market Forecast & Opportunities, 2018" report to their offering.
“China Automotive Battery Market Forecast & Opportunities, 2018”
In the past decade, China has witnessed remarkable improvement in the growth of automobile sector, both commercial and passenger. China is also the largest manufacturer of automotive batteries globally due to cheap and easy availability of labor. With the growth of automobile sector, the demand for automotive replacement battery market is also growing rapidly. The sales of e-bikes during 2009 to 2012 has recorded compounded annual growth rate of 11.52% which is expected to grow at around 16% for the next five year period. In addition, the automobile production in China has 18.72 Million units in 2011 which is further expanding the demand for automotive batteries.
According to China Automotive Battery Market Forecast & Opportunities, 2018' the automotive battery market in China is growing rapidly and is set to boost further over the coming years. The value of China's automotive battery market is expected to grow at a CAGR of 23.85%, over the next five years. The automotive replacement battery market in China is forecasted to surpass USD 16 Billion in 2018. The market is being driven by the increasing demand for cars, rising middle class population and massively growing production in China.
- Johnson Controls Inc.
- Chawoi Power Holding Limited
- Zhejiang Haijiu Battery Company
- Douglas EnerSys Home
- Fiamm Group
- Hitachi Limited
- GS Yuasa Corporation
- Huawei Corporation
- Shandong Sacred Sun Power Sources Co. Ltd.
- Zhejiang Narada Power Source Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/3t36tq/china_automotive
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