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WILMINGTON, DE, UNITED STATES, December 4, 2024 /EINPresswire / -- According to the report published by Allied market Research, the global recreational vehicles (RVs) batteries market was estimated at $0.43 billion in 2020 and is expected to hit $0.69 billion by 2030, registering a CAGR of 5.1% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Changing outlook regarding leisure & recreational activities and increase in electrification events drive the growth of the global recreational vehicles (RVs) batteries market size . On the other hand, unstable supply of raw materials restrains the growth to some extent. However, strong network of the distributors and dealers across the world is expected to create lucrative opportunities in the industry.
The global recreational vehicles (RVs) batteries market is analyzed across battery type, voltage range, sales channel, and region :
By sales channel, the aftermarket segment is anticipated to cite the fastest CAGR of 5.6% throughout the forecast period. The same segment also held the lion's share in 2020, contributing to more than half of the market.
By voltage range, the 12 volt segment held the largest share in 2020, accounting for more than two-fifths of the global recreational vehicles (RVs) batteries market. The same segment would also showcase the fastest CAGR of 5.8% during the forecast period.
By region, the market across North America held the largest share in 2020, accounting for nearly one-third of the market. The same region would also portray the fastest CAGR of 6.4% from 2021 to 2030. The other provinces studied in the report include Europe, Asia-Pacific, and LAMEA.
COVID-19 scenario :
Several regulatory & policy changes, disrupted working capital management, and distorted supply chain impacted the global recreational vehicles (RVs) batteries market negatively, especially during the initial phase.
However, the global situation is getting ameliorated and the market is projected to revive soon.
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Leading Market Players :
ACDelco,
Clarios,
Crown Battery Manufacturing Company,
East Penn Manufacturing Co.,
EnerSys,
Exide Technologies,
Fullriver Battery,
Interstate Battery System International, Inc.,
MIDAC S.p.A.,
RELiON Battery LLC.
Key Market Segments :
By Battery Type :
Lead Acid Batteries
Lithium Batteries
Others
By Voltage Range :
Less than 12 Volt
12 Volt
More than 12 Volt
By Sales Channel :
OEM
Aftermarket
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By Region :
North America
Europe
Asia-Pacific
LAMEA
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About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+1 800-792-5285
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.