Exporting vehicle batteries to Germany, France, the United Kingdom, Italy and Spain
The Original Equipment Manufacturer (OEM) market for conventional lead-acid batteries is expected to grow at a Compound Annual Growth Rate (CAGR) of 4% in 2016. Germany and France are the biggest importers of batteries in the EU5, with import values above €500 million. All of the EU5 countries (the biggest EU economies: Germany, France, the UK, Italy and Spain) have a relatively high share of imports from developing countries indicating that there is an open and opportune market for the developing country exporters.