Our client is a battery manufacturer. They approached Daxue Consulting seeking to enter the Chinese market to sell its product, but they needed a stronger understanding of the market. Daxue Consulting provided them with a complete market sizing and a comprehensive analysis of opportunities to assist them in planning their market entry.
China’s lead-acid battery industry has been growing rapidly. It has a current market size of CNY 150.8 billion, growing 24% from the previous year. China is seeing stable sales growth in common products that contain lead-acid batteries such as automobiles, motorcycles, and moped scooters.
The lithium ion battery industry has seen particularly strong growth as the technology matures and is adopted more widely.
Our client is an international battery manufacturer. It had been selling its products in China through distribution partners for over 15 years, but it has decided that it is time to enter the Chinese market directly.
In order to enter the Chinese market, our client was looking for information on the Chinese battery market. Our client was especially looking for information about the electric vehicle segment, the floor cleaning machine segment, and the aerial work platforms segment.
The central research objective was to assess the prospects of each segment for the next five to ten years and to identify new potential markets.
Our final analysis contained a market overview, market sizing, and a one-by-one competitor analysis.