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Global Automotive Battery Market Outlook 2024: Growth Opportunity And Demand Analysis, Market Forecast, 2016-2024
Market Size and Forecast (2016-2024) Goldstein Research analyst forecast global automotive battery market size is likely to boom with the emergence of electric vehicles in coming years. Further, the market is anticipated to reach USD 23.5 billion at a CAGR of 5.7% over the forecast period as advancements in batteries will transform the transportation industry in coming years. Based on vehicle type, passenger cars accounted for the largest market share of more than 45% in 2016. Moreover, passenger cars are expected to be the fastest growing and most opportunistic segment over the forecast period owing to emerging market of electric vehicles. Automotive Battery Market Size (USD Billion), 2016-2024
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Published By: Goldstein Research