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.
About TechSci Research
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