ReportsnReports.com adds a new research report Global Automotive Battery Aftermarket 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
This report covers the present scenario and the growth prospects of the global automotive battery aftermarket for 2016-2020. To calculate the market size, the report considers the sales figures of the different vehicles segment such as passenger cars, LCVs, and M&HCVs.
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This analyst forecast the global automotive battery aftermarket to grow at a CAGR of 5.61% during the period 2016-2020. There is always a demand in the automotive world for the replacement of parts and accessories, for which consumers have to increasingly fall back on the aftermarket supplies. This has resulted in the strengthening of the automotive aftermarket for accessories and parts, including batteries. With the continuous technological advancement in the automotive world, the trend to install more and more electrical accessories in vehicles is generating the requirement for more powerful batteries to operate them.
The market is divided into the following segments based on geography:
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