NEW YORK, June 25, 2021 /PRNewswire/ — Set to grow by 26.28 million units during 2021-2025, Technavio’s latest market research report estimates the automotive battery aftermarket market to register a decelerating CAGR of almost 2%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. are some of the major market participants. Although the aging vehicle fleets will offer immense growth opportunities,