SLI Battery Market by Technology (VRLA, Flooded, EFB), By Sales Channel (Aftermarket, OEM), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028

  • Publish Date: Sep, 2022
  • Report ID: 419966
  • Category: Technology
  • Pages: 231
$4700

The SLI Battery Market is expected to grow from USD 32.91 billion in 2020 to USD 44.04 billion by 2028, at a CAGR of 3.71% during the forecast period 2021-2028.

SLI (starting, lighting, and ignition) batteries are rechargeable batteries that combine lead and acid. It is typically regarded as a high-power-consuming battery with a lifespan of 3-6 years. In this sort of battery, six cells are stacked together in an electrolytic fluid containing sulphuric acid to provide a voltage output of 12V. Given this, it's no surprise that this battery is commonly seen in automobiles and motorbikes. These cars do not run on electricity for the whole of their journey. They need to be powered up when the vehicle is started. Although the vehicle is worthless without the battery when it first starts up, it is primarily a burden to carry about otherwise. The current balance is supplied to your dashboard and chosen gadgets by the alternator and other electrical components. SLI batteries provide an immediate power increase while keeping a large portion of their charge. As a result, automobile and motorbike batteries can endure for several years without experiencing any problems.

The factors driving the SLI battery market are, Due to a growth in vehicle demand, the need for SLI batteries is projected to expand soon. Over the last few years, manufacturing investment has migrated from developed to emerging countries. Lower labor costs, land costs, and government subsidies can all be attributed to this. In underdeveloped nations, the initial investment necessary to begin manufacturing is significantly smaller than in rich countries. As a result, household income has increased substantially. Increased income leads to more spending on houses, automobiles, and other items. As a result, the worldwide SLI battery market is projected to increase demand for SLI batteries in emerging nations. Compared to other rechargeable batteries, lithium-ion batteries offer a greater energy density, voltage capacity, minimal maintenance, and reduced self-discharge rate. As a result, lithium-ion batteries are in great demand. The factors restraining the SLI battery market growth are the expansion of the SLI battery industry is being hampered by stringent government rules controlling product manufacture. The SLI Battery market is being hampered by an increase in demand for lithium-ion batteries in the automotive sector.

Burgeoning expansion in the automotive industry is creating new business opportunities.

This study delivers a comprehensive analysis of the payment Technology and Sales Channel. The Technology segment includes VRLA, Flooded, EFB. The VRLA technology segment dominated the SLI battery market in 2020. High cranking performance and extended service life are two critical underlying qualities that have enabled the company to be the industry leader. The application segment includes Aftermarket, OEM. The OEM application segment dominated the SLI battery market in 2020. The dominance of the industry was aided by increased investments in automotive production throughout emerging nations.

The SLI battery market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific dominated the SLI battery market with 32.63% in 2020, followed by North America and Europe. The expansion and development of car manufacturing facilities and robust economic growth and stability will fuel company growth. The region's excellent conditions for automotive manufacture are due to the abundance of trained labor, low-cost steel production, and extensive research and development facilities. Over the projection period, a positive view regarding two-wheeler adoption, along with rising vehicle ownership rates, will drive product penetration even higher. North America is expected to be the fastest-growing regional market for payment processing solutions. The corporate landscape will be augmented by rising demand for freight trucks and large vehicles, and multiple levels of automotive inventory. According to the OICA, more than 18.3 million cars were sold in the United States in 2017, with commercial vehicles accounting for more than 63.5 percent of total sales. Increasing expenditures in the expansion and development of existing and new car manufacturing plants will further encourage the use of these units. Europe is expected to benefit significantly from increased automotive manufacturing and increased economic stability across the continent, which will improve the industrial outlook. Furthermore, regulatory efforts to reduce vehicular emissions have increased demand for start-stop cars, promoting EFB and AGM battery adoption.

Some of the notable players in the SLI battery market are Johnson Controls, East Penn, Leoch International, Crown Battery, Enersys, Braille Battery, Trojan Battery, U.S. Battery, Continental Battery, Fabrica Nacional de Acumuladores.

Global SLI battery Market Analysis and Forecast, by Technology

  • VRLA
  • Flooded
  • EFB

Global SLI battery Market Analysis and Forecast, by Application

  • Aftermarket
  • OEM

Global SLI battery Market Analysis and Forecast, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East and Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of Mea

Report Description:

  • The base year for the study has been considered 2020, the historic year 2018, and 2019; the forecast period considered is from 2021 to 2028.
  • The study delivers a comprehensive analysis of the global SLI battery market for all segments and regions.
  • The report offers an in-depth analysis of driving factors, opportunities, and restraints for gaining key insight into the market. The report emphasizes all the key trends that play a vital role in the enlargement of the market from 2021 to 2028.
  • Porter's Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis, which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions, which are benchmarked based on their market size, growth rate, and attractiveness in terms of present and future opportunists for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological, and legal factors, which are based on our extensive secondary research, primary research, and in-house databases

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Technology
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis By region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rise in manufacturing investment from developed to emerging countries
    5.3. Restrains
          5.3.1. Stringent government regulations
    5.4. Opportunities
          5.4.1. Burgeoning expansion in the automotive industry
6. Global SLI Battery Market Analysis and Forecast, By Technology
    6.1. Segment Overview
    6.2. VRLA
    6.3. Flooded
    6.4. EFB
7. Global SLI Battery Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Aftermarket
    7.3. OEM
8. Global SLI Battery Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
9. Global SLI Battery Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global SLI Battery Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Johnson Controls
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. East Penn
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Leoch International
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Crown Battery
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Enersys
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Braille Battery
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Trojan Battery
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. U.S. Battery
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Continental Battery
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Fabrica Nacional de Acumuladores
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis

List of Table

1. Global SLI Battery Market, By Technology, 2018-2028 (USD Billion)

2. Global VRLA, SLI Battery Market, By Region, 2018-2028 (USD Billion)

3. Global Flooded, SLI Battery Market, By Region, 2018-2028 (USD Billion)

4. Global EFB, SLI Battery Market, By Region, 2018-2028 (USD Billion)

5. Global SLI Battery Market, By Application, 2018-2028 (USD Billion)

6. Global Aftermarket, SLI Battery Market, By Region, 2018-2028 (USD Billion)

7. Global OEM, Utilities, SLI Battery Market, By Region, 2018-2028 (USD Billion)

8. North America SLI Battery Market, By Technology, 2018-2028 (USD Billion)

9. North America SLI Battery Market, By Application, 2018-2028 (USD Billion)

10. U.S. SLI Battery Market, By Technology, 2018-2028 (USD Billion)

11. U.S. SLI Battery Market, By Application, 2018-2028 (USD Billion)

12. Canada SLI Battery Market, By Technology, 2018-2028 (USD Billion)

13. Canada SLI Battery Market, By Application, 2018-2028 (USD Billion)

14. Mexico SLI Battery Market, By Technology, 2018-2028 (USD Billion)

15. Mexico SLI Battery Market, By Application, 2018-2028 (USD Billion)

16. Europe SLI Battery Market, By Technology, 2018-2028 (USD Billion)

17. Europe SLI Battery Market, By Application, 2018-2028 (USD Billion)

18. Germany SLI Battery Market, By Technology, 2018-2028 (USD Billion)

19. Germany SLI Battery Market, By Application, 2018-2028 (USD Billion)

20. France SLI Battery Market, By Technology, 2018-2028 (USD Billion)

21. France SLI Battery Market, By Application, 2018-2028 (USD Billion)

22. U.K. SLI Battery Market, By Technology, 2018-2028 (USD Billion)

23. U.K. SLI Battery Market, By Application, 2018-2028 (USD Billion)

24. Italy SLI Battery Market, By Technology, 2018-2028 (USD Billion)

25. Italy SLI Battery Market, By Application, 2018-2028 (USD Billion)

26. Spain SLI Battery Market, By Technology, 2018-2028 (USD Billion)

27. Spain SLI Battery Market, By Application, 2018-2028 (USD Billion)

28. Asia Pacific SLI Battery Market, By Technology, 2018-2028 (USD Billion)

29. Asia Pacific SLI Battery Market, By Application, 2018-2028 (USD Billion)

30. Japan SLI Battery Market, By Technology, 2018-2028 (USD Billion)

31. Japan SLI Battery Market, By Application, 2018-2028 (USD Billion)

32. China SLI Battery Market, By Technology, 2018-2028 (USD Billion)

33. China SLI Battery Market, By Application, 2018-2028 (USD Billion)

34. India SLI Battery Market, By Technology, 2018-2028 (USD Billion)

35. India SLI Battery Market, By Application, 2018-2028 (USD Billion)

36. South America SLI Battery Market, By Technology, 2018-2028 (USD Billion)

37. South America SLI Battery Market, By Application, 2018-2028 (USD Billion)

38. Brazil SLI Battery Market, By Technology, 2018-2028 (USD Billion)

39. Brazil SLI Battery Market, By Application, 2018-2028 (USD Billion)

40. Middle East and Africa SLI Battery Market, By Technology, 2018-2028 (USD Billion)

41. Middle East and Africa SLI Battery Market, By Application, 2018-2028 (USD Billion)

42. UAE SLI Battery Market, By Technology, 2018-2028 (USD Billion)

43. UAE SLI Battery Market, By Application, 2018-2028 (USD Billion)

44. South Africa SLI Battery Market, By Technology, 2018-2028 (USD Billion)

45. South Africa SLI Battery Market, By Application, 2018-2028 (USD Billion)

List of Figures

1. Global SLI Battery Market Segmentation

2. Global SLI Battery Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global SLI Battery Market Attractiveness Analysis by Technology

9. Global SLI Battery Market Attractiveness Analysis by Application

10. Global SLI Battery Market Attractiveness Analysis by Region

11. Global SLI Battery Market: Dynamics

12. Global SLI Battery Market Share by Technology (2021 - 2028)

13. Global SLI Battery Market Share by Application (2021 - 2028)

14. Global SLI Battery Market Share by Regions (2021 - 2028)

15. Global SLI Battery Market Share by Company (2020

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

Please fill the form below, to recieve the report sample


+1

Our Clients

Some Facts about Fior Markets

1%

Free Customization

1+

Countries can be added on demand

1

Free yearly update on purchase of Multi/Corporate User License

1+

Companies served till date

Customized Research Programme
Premium Customer Service

We serve our customers 24x7 for 365 days through calls, emails and live chat options.

Syndicated market research
Exceptional Market Report

Huge database of exceptional market reports bringing market intelligence to your fingertips.

Domain Specific Analytics
Secured Payment Options

SSL enabled, we offer you various secured payment options for risk free purchase.