Need to Curb Burgeoning Environmental Hazards Acting as Building Blocks of Growth for Vehicle Battery Market, ~3% CAGR Across 2020-2030 Predicted by Transparency Market Research - Seite 2

Uncover 261 pages of intelligent research, current market scenario, and extensive geographical projections. Gain insights onVehicle Battery Market (Battery Type: Lead Acid, Lithium Ion, and Others; Vehicle Type: ICE/Micro Hybrids/Start-Stop Vehicles, Mild Hybrid/Fully Hybrid Vehicle, and Plug-in Hybrid/ Battery Electric Vehicle; Sales Channel: OEM and Aftermarket; and Vehicle Class: Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/vehicle-battery-market.html

Vehicle Battery Market: Vital Findings

• The plug-in hybrid/ battery electric vehicle segment is estimated to balloon at a growth rate of 18.24% in terms of volume
• Based on battery type, the lithium-ion segment projects an upward trajectory at 16.42% CAGR during the 2020-2030 forecast period
• Based on vehicle class, the passenger vehicle segment is estimated to grow at a rapid pace
• On the horizon of geographical landscape, Asia Pacific held a vital share in 2019 and expects to display the same picture across the aforementioned forecast period

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Vehicle Battery Market: Vital Growth Factors

• The noticeable rise in the sales of e-vehicles in urban areas is proving to be a growth multiplier for the vehicle battery market
• The environmental crisis is ringing alarm bells across the world with pollution levels at an all-time peak; hence, the urgency to tackle rising pollution is fuelling the growth of the vehicle battery market
• Introduction of affordable and lightweight batteries with supercapacitors are also churning growth for the vehicle battery market
• Growing focus on electrification of highways and promotion of e-vehicles by the government further propels the growth rate of the vehicle battery market

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