Passenger Car Battery Market Size: USD 12.5B Trends, Forecast 2028
The global passenger car battery market is anticipated to witness significant growth in the coming years. According to TechSci Research, Passenger Car Battery Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Passenger Car Battery Market stood at USD 12.5 billion in 2022 and is anticipated to grow with a CAGR of 6.6% in the forecast period, 2024-2028. This growth is primarily fueled by the aforementioned factors, including the rising demand for EVs and HEVs, stringent government regulations, and continuous advancements in battery technology. The increasing focus on sustainability and environmental concerns is expected to further propel market growth as consumers become more environmentally conscious and governments prioritize cleaner transportation solutions. The global passenger car battery market is undergoing a revolution fueled by the surging popularity of electric vehicles (EVs) ...