Middle East & Africa Lead Acid Battery Market Size & Outlook
Middle East & Africa lead acid battery market, 2018-2030 (US$M)
Related Markets
MEA lead acid battery market highlights
- The MEA lead acid battery market generated a revenue of USD 7,825.5 million in 2023.
- The market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2023.
- UPS is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 7,825.5 million |
| Market revenue in 2030 | USD 11,990.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | UPS |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, UPS, Telecom, Electric Bikes, Transport Vehicles |
| Key market players worldwide | East Penn Manufacturing Co, EXIDE Industries, Johnson Controls International PLC, Northstar Recycling, GS Yuasa Corp, Crown Holdings Inc, Leoch International Technology Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.5% of the global lead acid battery market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9,337.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lead Acid Battery Market Scope
Lead Acid Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa lead acid battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lead acid battery market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 57.14% in 2023. Horizon Databook has segmented the Middle East & Africa lead acid battery market based on automotive, ups, telecom, electric bikes, transport vehicles covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid industrialization coupled with improving infrastructure in region of Middle East is expected to positively impact market demand. Growing construction sector mainly in UAE and Qatar due to economic recovery, advanced real estate regulatory framework, and increasing infrastructure project will drive demand for stationary battery.
In addition, various factors including positive demographics, favourable macroeconomics, and rising tourism activities will promote construction growth. Growing automotive sales and car purchasing. behaviours that are being raising GDP and rising disposable income of the middle class will promote growth. Saudi Arabia and Qatar will fuel car sales over the forecast period.
Reasons to subscribe to Middle East & Africa lead acid battery market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa lead acid battery market databook
-
Our clientele includes a mix of lead acid battery market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa lead acid battery market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa lead acid battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA lead acid battery market size, by country, 2018-2030 (US$M)
Middle East & Africa Lead Acid Battery Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
