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 Locations Chapter
Proximity to downstream markets is an important competitive strategy in this industry. Companies often benefit from cluster formations as this facilitates access to new technological innovations. IBISWorld research indicates that in general, there is a concentration of companies near population and automotive hubs, as well as close to consumer electronics manufacturers.
The Southeast, which is the most populous region, is also the most significant location for companies in this industry, expected to account for 23.2% of industry establishments. This is due in part to major player Exide Technologies being headquartered in Milton, GA. The Southeast region is also an automotive hub, where the Japanese automotive manufacturers, such as Toyota, are located... purchase to read more