Automotive Lead Acid Battery Market Share

Regionally, the global automotive lead acid battery market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is set to dominate majority revenue share by 2036, backed by expansion of the passenger car and electric vehicles (EV) sector in the region. EV sales in India are expected to reach USD 7 billion by 2025. Moreover, government of India expects the automobile sector to attract USD 8-10 billion foreign investments by 2023. Moreover, the rising middle-class income, large youth population coupled with increasing sales and production of passenger cars & EVs in emerging countries of Asia Pacific, including China, India, Taiwan, and others are expected to fuel regional market growth over the forecast period.