Indonesia Automotive Lead Acid Batteries Market Outlook

the indonesia automotive lead acid batteries market is anticipated to experience substantial growth during the forecast period of 2018 to 2032. indonesia has established itself as a rapidly growing economy characterized by low production costs, which has been attracting foreign direct investment in the automobile industry. consequently, the automotive industry in indonesia is expected to witness strong growth in the coming years, which will likely drive the demand for automotive lead acid batteries. the automotive lead acid batteries market in indonesia is largely dominated by the two major players - east asia and china. this is attributed to the low cost of production offered by these two countries, which makes them suitable for the production of automotive lead acid batteries. furthermore, the automotive industry in indonesia is gradually shifting towards electric vehicles, mainly due to the increasing awareness regarding the environmental issues. this is likely to drive the demand for automotive lead acid batteries, as they are used as an energy storage in electric vehicles. in recent years, the government of indonesia has undertaken several initiatives to create a more conducive business environment, that will likely attract major car manufacturers to the country. together with the low cost of production, this will likely lead to an increase in foreign direct investments and a subsequent rise in the demand for automotive lead acid batteries. indonesia is also well connected with other countries via a variety of networks such as ports, airports, rail, and roads. this allows easy access to the required raw materials for the manufacture of automotive lead acid batteries, that is likely to increase the domestic production of the batteries. this, in turn, will likely boost the market in the coming years. the changing consumer attitude towards fuel-efficient and environment-friendly vehicles is also expected to create a positive impact on the indonesian market for automotive lead acid batteries. this is because these vehicles require a reliable source of energy, which is provided by lead acid batteries. therefore, the increasing demand for alternative fuel-based vehicles will likely drive the automotive lead acid batteries market in indonesia during the forecast period from 2018 to 2032.