✪ Africa Lead Acid Battery Market 2021

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Transparency Market

Research

Africa Lead Acid Battery Market to Grow at 5.3% CAGR

till 2021

Published Date

2015-08-12

52 Page Report

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Report Title

Africa Industry Analysis Of Lead Acid Battery Market Growth, Trends and Forecast 2021

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Africa Lead Acid Battery

REPORT DESCRIPTION

Africa Lead Acid Battery Market

A new research report published by Transparency Market Research states that the Africa lead

acid battery market will grow at a 5.3% CAGR during the period from 2015 to 2021. The report,

titled ‘Lead Acid Battery Market - Africa Industry Analysis, Size, Share, Growth, Trends

and Forecast 2015 - 2021’, states that the Africa lead acid battery market was valued at

US$708.6 mn in 2014 and is expected to be valued at US$1,014 mn by 2021. Increasing demand

for lead acid batteries for UPS systems will drive the Africa lead acid battery market during the

forecast period.

Due to the improvement in the economy of Africa, there has been a rise in the purchasing power

of individuals. In addition, there has been immense growth in the automobile sector. The demand

for passenger vehicles has increased considerably and is set to grow further in the coming years.

Therefore, the production of vehicles has increased due to the rise in demand for automobiles.

This has resulted in the rise of lead acid battery manufacturing, thereby driving the growth of the

Africa lead acid batteries market. The use of lead acid batteries in cars, buses, trucks, trains, and

airplanes is supporting its growth in Africa. Major automakers in the commercial vehicle segment

are also focusing on producing hybrid and electric vehicles across different model ranges, which

are set to use lead acid batteries as the power source Therefore, with the rise in...