Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Lawn Mower Batteries - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global landscape of lawn mower batteries is experiencing robust growth, with a current market valuation of US$242.3 million in 2022, and projections suggest it will attain a size of US$365.6 million by 2030. The analysis reveals a steadfast compound annual growth rate (CAGR) of 5.3% throughout the forecast period from 2022 to 2030.
In-depth analysis categorizes lawn mower batteries into several segments, with Lead-Acid Batteries expected to achieve a substantial CAGR of 4.3% and anticipated to reach US$195.5 million by the end of the forecast period. The spotlight is also on the Li-Ion Batteries segment which, benefiting from technological advancements, is set to ascend at an adjusted 6.5% CAGR.
With a nationwide focus, the U.S. market is currently valued at US$64.3 million. Meanwhile, as the world’s burgeoning second largest economy, China is projected to experience an 8.1% CAGR, indicating a market surge to US$82.2 million by 2030. Other significant geographical markets include Japan and Canada, each postured for growth at 3.2% and 4.2% CAGRs respectively. Observing the European market, Germany is poised for a 3.9% CAGR.
An array of competitive players populate the global arena. The report features a select roster of 12 prominent competitors contributing to market dynamics, without revealing specific market shares or strategic positions.
Stakeholders are invited to explore the full breadth of insights and data encompassed within the report, which is now accessible and promises to be an invaluable resource for strategic decision-making.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 229 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $242.3 Million |
| Forecasted Market Value (USD) by 2030 | $365.6 Million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Anhui Uplus Energy Technology Co. Ltd.
- East Penn Manufacturing Co., Inc.
- Exide Technologies
- Harris Battery Co. Inc.
- Johnson Controls International PLC
- Marshall Power Australia Pty Ltd.
- Trojan Battery Co.
- Yuasa Battery, Inc.
- Yucell Industry Limited
For more information about this report visit https://www.researchandmarkets.com/r/a8njyk
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