Vehicle Battery Market: Development, Overview and Forecast upto 2020 - 2030
Vehicle Battery Market: Introduction According to the report, the global vehicle battery market is projected to surpass US$ 65 Bn by 2030, expanding at a CAGR of ~ 3% during the forecast period. Rise in trade and distance between manufacturing units and end users are likely to boost the market for vehicle batteries during forecast period. Majority of countries, including Italy, China, Germany, India, the U.S., the U.K., France, and Japan are enacting stringent regulations and vehicle standards pertaining to vehicle emission, which in turn is prompting automakers to launch vehicles with new technology to reduce emissions. Expansion of Vehicle Battery Market Increasing electrification of vehicles through incorporation of various technologies is anticipated to boost the global vehicle battery market. Based on battery type, the global vehicle battery market has been segmented into lead acid, lithium ion, and others. The lithium ion segment is expected t...