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,
Transport infrastructure consists of the fixed installations, together with roads , railways , airways , waterways , canals and pipelines and terminals akin to airports , railway stations , bus stations , warehouses , trucking terminals, refueling depots (together with fueling docks and fuel stations ) and seaports Terminals could also be used each for interchange of passengers and cargo and for upkeep. By 2030, McKinsey estimates greater than a third to virtually half of autos bought in China and Europe can be battery-powered and plug-in hybrid electrical autos The anticipated market share for the U.S. is much lower at roughly 17% to 36%, up from three% this yr. One other method is inductive charging using a non-conducting “paddle” inserted into a slot within the automotive. Delco Electronics developed the Magne Cost inductive charging system round 1998 for the Basic Motors EV1 that was additionally used for the Chevrolet S-10 …