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Europe Automotive Start-Stop Battery Market to witness steady growth of 7.7% during 2020-2026 

Global Market Insights, Inc., predicts that Europe automotive start-stop battery market is expected to surpass USD 3 billion by 2025.

Europe automotive start-stop battery market is expected to garner robust growth from the region’s burgeoning automotive sector. Strong consumer inclination toward personal vehicles & mobility has positively influenced the demand for new automobiles in the region. Automakers are rolling out vehicles with advanced features to lower fuel consumption and emissions.

Introduction of vehicle emission norms & mandates has catapulted the adoption of fuel-efficient vehicles in Europe. Meanwhile, presence of strong engineering expertise, easy availability of lead and minimal cost of raw materials are supporting the growth of Europe automotive start-stop battery market. With burgeoning automotive sales,  It is vital to mention that the start-stop battery market of Europe is extensively competitive, with companies such as Crown Battery, Clarios, Trojan Battery, GS Yuasa, Braille Battery, XS Power, NorthStar, Banner Battery, Erdil Battery, East Penn, Enersys, Mutlu, FIAMM Energy, and Exide Technologies currently dominating the industry.

Why are AGM batteries witnessing burgeoning demand from the automotive sector?

AGM batteries offer reliable operation and exceptional cranking performance during harsh weather conditions. Burgeoning integration of electrical equipment such as lighting & infotainment systems is expected to boost the demand for AGM batteries. Moreover, with extensively deployed in premium vehicle segments, the AGM battery market is anticipated to record 4% CAGR by the year 2025.

On the other hand, HEV battery market is expected to witness prominent growth owing to surging R&D investments toward the hybridization of automobile powertrain. Growing efforts toward manufacturing cost-effective vehicles along with surging subsidies & tax benefits to consumers for the adoption of hybrid vehicles is likely to accelerate product demand over the forecast period.

Which aspects are majorly accelerating Turkey automotive start-stop battery market growth?

Turkey is expected to exhibit lucrative growth opportunities for the companies operating in the Europe start-stop battery industry. Surging vehicle production, strong incentive support, and cost-competitive labor are some of the key factors expected to accelerate the automotive start-stop battery market of Turkey.

Moreover, surging per capita income along with strong macro-economic growth has created a favorable scenario for companies. Strong presence of several OEMs like Fiat, Daimler and Ford may further bolster regional industry outlook.

Source Link - https://www.gminsights.com/industry-analysis/europe-automotive-start-stop-battery-market