Albany, NY -- (SBWire) -- 03/20/2017 --According to the latest analysis, the global demand for automobiles has witnessed significant growth over the last decade which has favorably impacted the automotive battery market growth. Due to this, the global market for automotive batteries has become highly competitive. Currently, various advanced technologies have been introduced by the battery manufacturers in order to increase their brand position. To explore the detailed market scenario and future growth prospects for the industry, researchers have prepared this latest study titled as "Global Automotive Batteries Industry Situation and Prospects" 2017 Research Report which has been published to the online storehouse of Market Research Hub (MRH).
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For the better understanding of the market, the report serves as a repository of information and analysis of the applications, regional segments, types, technology developments and the competitive landscape of the global market. Geographically, the research highlights major countries in which this industry is flourishing and to also classify the regions that are still untapped. Regions included in the report are Europe, India, Japan, North America and China. To assess the market size, the report covers the detailed analysis of the market during the period of 2011 to 2015.
In the first section, the authors of the report have provided a detailed overview of the global automotive battery market by providing information about the applications, classifications, definitions and industry's chain structure. Automotive batteries are rechargeable batteries that supply electric energy to automobiles, most essentially for automotive SLI (starting, lighting and ignition) system. Automotive batteries also provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs. As per the research study, it had been studied that China ranks as the fastest growing automotive battery market due to the highest global demand for both commercial and passenger vehicles.
It has been studied that, consumers are showing a progressive interest in electric vehicles that are powered by traction batteries. Also, the advent of plug-in electric vehicles which can be recharged from external electricity sources has subsequently opened up new avenues for plug-in automotive batteries. The new fuel-saving technologies such as micro hybrid systems are also leading to higher battery usage which came out as one of the prime factors for the demand of automotive batteries.
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Moreover, development policies and plans are debated as well as manufacturing processes and cost structures. This report also examines import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions.
Moving further, a detailed company profiles section has been included in the report to offer industry participants an overview of what the competitors are planning in the years ahead.
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