Press Release

Africa Automotive Battery Market to Cross $ 2.3 Billion by 2023

Growing imports, strong distribution channel and increasing demand for technologically advanced products to drive Africa automotive battery market through 2023

According to recently published TechSci Research report “Africa Automotive Battery Market By Type, By Demand Type, By Segment, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, the region’s automotive battery market is projected to surpass $ 2.3 billion by 2023. Growing demand for automobiles in urban areas due to rising population and easy financing, increasing imports from South Korea, France and China, and rising demand for technologically advanced products are some of the major factors expected to fuel automotive battery market in Africa during the forecast period. Johnson Controls, First National Battery and SEBANG GLOBAL BATTERY are the major automotive battery suppliers in the region.

Browse 33 market data Tables and 99 Figures spread through 159 Pages and an in-depth TOC on "Africa Automotive Battery Market"

https://www.techsciresearch.com/report/africa-automotive-battery-market/2300.html

In 2017, South Africa, Algeria, Nigeria, Egypt and Morocco accounted for the largest share in the region’s automotive battery market, and these countries are anticipated to maintain their dominance in the coming years, owing to relatively larger automobile fleet size. Medium & heavy commercial vehicle segment dominates the market in terms of value, due to higher cost of batteries as compared to other vehicle segments. Moreover, the demand for automotive batteries in Africa is dominated by the replacement segment as the region has a very low production rate of automotive vehicles.

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“As of 2017, the region’s automotive battery market was dominated by Asia-Pacific and European players. The Korean and Chinese players provide automotive battery at a lower price as compared to other brands in the region. Rising motorization rate, developing infrastructure and vast reserves of natural resources are likely to attract more foreign players in the automotive battery market of Africa during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Africa Automotive Battery Market By Type, By Demand Type, By Segment, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of Africa automotive battery market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends in Africa automotive battery market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Africa Automotive Battery Market By Type (Flooded, VRLA AGM and VRLA GEL), By Demand Type (OEM Vs. Replacement), By Segment (Passenger Car, Medium & Heavy Commercial Vehicles and Others), By Country, Competition Forecast & Opportunities, 2013 – 2023

Power | Mar, 2018

Growing imports, strong distribution channel and increasing demand for technologically advanced products to drive Africa automotive battery market through 2023

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