Industry Analysis & Industry Trends
Products made by the Battery Manufacturing industry are used in nearly every US household and in everything from cars, motorcycles, cell phones, and lawn mowers. Economic recovery over the past five years and falling fuel prices have encouraged consumers to purchase new automobiles, which led to increased demand from automobile manufacturers for secondary batteries. However, low lead and other metal prices have forced operators to reduce their prices. However, increased consumer spending, rising demand from consumer electronic stores and the introduction of price-premium batteries is expected to bolster industry revenue. Over the next five years, as consumer spending rises, consumers will increase their purchases of batteries... purchase to read more
Industry Report - Industry Products Chapter
The two types of batteries produced by the Battery Manufacturing industry are primary batteries and secondary (rechargeable) batteries. The rechargeable segment has been growing over the past five years due to growth in automobile manufacturing. Rechargeable batteries have also become more popular during the period due to environmental concerns. Although many batteries can be recycled, consumers are still worried about disposal issues and continue to switch to rechargeable batteries. This trend is likely to continue over the next five years.
Secondary batteries are rechargeable batteries, which are often used by original equipment manufacturers (OEM) in a wide range of applications... purchase to read more