Dublin, Feb. 07, 2024 (GLOBE NEWSWIRE) -- The "Commercial Vehicle SLI Battery Market - Global Industry Size, Share, Trends Opportunity, and Forecast, 2028F" report has been added to ResearchAndMarkets.com's offering.
The global commercial vehicle SLI (Starting, Lighting, and Ignition) battery market is witnessing significant growth, driven by a range of factors that contribute to its robust development. This report paints a comprehensive picture of the industry, illuminating key trends, industry drivers, and growth opportunities through to 2028.
According to the detailed analysis, this market is expected to maintain its upward trajectory, powered by increasing commercial vehicle production, burgeoning demand for eco-friendly transportation, and technological innovations. Valuing at USD 22.08 billion in 2022, the market is projected to expand at a 5.19% CAGR during the forecast period. The market report provides a granular examination of the commercial vehicle SLI battery industry, segmenting it across various categories such as battery type, application, vehicle type, sales channel, and geographical regions.
The SLI battery market offers valuable insights into the flooded type battery segment which holds the largest market share due to its widespread adoption stemming from proven reliability and cost-effectiveness. Furthermore, the report highlights the remarkable expansion of the light commercial vehicle segment, illustrating its sustained dominance aided by the spur in last-mile deliveries and e-commerce logistics.
From a regional perspective, the Asia Pacific region leads the market, with China and India spearheading growth as central hubs for commercial vehicle manufacturing. North America follows closely, with the U.S. market being significantly propelled by the logistics sector. Europe, with key markets such as Germany, the U.K., and France, also represents a substantial share of the global market.
In terms of competition, the report provides in-depth company profiles of key players operating in the worldwide commercial vehicle SLI battery space. These profiles offer an exclusive window into strategies, product offerings, and market positioning that delineate the competitive landscape.
Challenges and Policies Influencing the Commercial Vehicle SLI Battery Market
- Technological Innovations: Manufacturers confront the ongoing challenge of balancing innovation with performance, safety, and sustainability.
- Regulatory Compliance: The industry navigates stringent emissions standards and safety regulations, ensuring that SLI batteries meet contemporary ecological and safety imperatives.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 181 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $22.08 Billion |
| Forecasted Market Value (USD) by 2028 | $31.91 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes:
- Clarios LLC
- Johnson Controls International PLC
- East Penn Manufacturing
- EnerSys
- GS Yuasa Corporation
- Hitachi Chemical Co. Ltd.
- Hankook Tire & Technology Co. Ltd
- Amara Raja Batteries Limited
- Century Batteries
For more information about this report visit https://www.researchandmarkets.com/r/y0w64j
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