Europe’s Battery Market Growth Engine: Lead Acid Trends to 2028
Get a sample PDF of the report –
https://www.businessmarketinsights.com/sample/TIPRE00023552?utm_source=Blog&utm_medium=10640
The automotive lead acid battery market in Europe is expected to grow from US$ 4,296.50 million in 2021 to US$ 5,732.39 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.
Get Full Report:
https://www.businessmarketinsights.com/reports/europe-automotive-lead-acid-battery-market
The automobile industry is a cornerstone of Europe’s economic progress. The European Union is one of the leading global producers of vehicles, and the automotive sector is the largest private contributor to research and development (R&D), accounting for 29% of total R&D expenditure. The European Commission actively supports global technical harmonization and provides funding for R&D to enhance the competitiveness and innovation capacity of the EU automotive industry.
One of the key drivers of the European automotive lead-acid battery market is the robust automotive sector. As of October 2019, Europe had over 260 million passenger vehicles, 30 million buses, and 4 million trucks on its roads. Each year, the market sees the addition of around 15 million new cars and 200,000 to 220,000 new trucks, all of which rely on lead-acid batteries for starting, lighting, and ignition (SLI) functions.
Europe’s Battery Market Growth Engine: Lead Acid Trends to 2028
Get a sample PDF of the report – https://www.businessmarketinsights.com/sample/TIPRE00023552?utm_source=Blog&utm_medium=10640
The automotive lead acid battery market in Europe is expected to grow from US$ 4,296.50 million in 2021 to US$ 5,732.39 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.
Get Full Report: https://www.businessmarketinsights.com/reports/europe-automotive-lead-acid-battery-market
The automobile industry is a cornerstone of Europe’s economic progress. The European Union is one of the leading global producers of vehicles, and the automotive sector is the largest private contributor to research and development (R&D), accounting for 29% of total R&D expenditure. The European Commission actively supports global technical harmonization and provides funding for R&D to enhance the competitiveness and innovation capacity of the EU automotive industry.
One of the key drivers of the European automotive lead-acid battery market is the robust automotive sector. As of October 2019, Europe had over 260 million passenger vehicles, 30 million buses, and 4 million trucks on its roads. Each year, the market sees the addition of around 15 million new cars and 200,000 to 220,000 new trucks, all of which rely on lead-acid batteries for starting, lighting, and ignition (SLI) functions.
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