DUBLIN--(BUSINESS WIRE)--The "India Automotive Lead Acid Battery Market Outlook, 2023" report has been added to ResearchAndMarkets.com's offering.
The market has observed a consistency in last five years and is expected to continue growing in next few years. India Automotive Lead Acid Battery market has grown with a CAGR of more than 10% in the review period of FY 2012-13 to FY 2017-18.
The major causes for the growth are disposable income is increasing, India has the most number of young population in the world, increase in tourism industry, demonetization, GST, etc.
The period has witnessed the growth of replacement lead acid battery market and the consumers will be shifting from unorganized players to organized player for replacement battery market. The major reason for this is the high economic development of India which has resulted in higher purchasing power to Indian consumer, organized player like Exide is coming up with low price product to give competition to unorganized products.
The replacement lead acid battery market is dominating the lead acid battery market with more than 65% market share. The duology of Exide Industries Limited and Amara Raja Batteries Limited, together share market shares of more than 50% of total automotive lead acid battery market.
- Exide Industries Limited
- Amaraja Batteries Limited
- Luminous Power Technologies Limited
- HBL Power System Limited
- Su-kam Power Systems Limited
- Okaya Power Private Limited
- TATA Autocomp EY Batteries Private Limited
- Base Corporation Limited
- Southern Batteries Private Limited
- Artheon Electronics Private Limited
Key Topics Covered
1. Executive Summary
2. India Lead Acid Market Outlook
3. India Automotive Lead Acid Battery Market
4. Product Price Variant Analysis
5. PEST Analysis
6. Market Dynamics
7. Market Trends and Development
8. Indian Economic Profile
9. Trade Dynamics
10. Competitive Landscape
11. Strategic Recommendation
For more information about this report visit https://www.researchandmarkets.com/research/rxzmfc/india_automotive?w=4