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レポート概要
| 「Global Two Wheeler Lead Acid Batteries Market 2022」レポートは、世界の市場規模、地域および国レベルの市場規模、セグメント市場の成長性、市場シェア、競争環境、販売分析、国内および世界の市場プレーヤーの影響、バリューチェーンの最適化、最近の動向、機会分析、市場成長の戦略的な分析、製品発売、地域市場の拡大などに関する情報を提供します。 グローバルインフォリサーチ社の最新の調査によると、世界の二輪車用鉛蓄電池の市場規模は2021年のxxx米ドルから2028年にはxxx米ドルと推定され、xxx％の成長率で成長すると予想されます。 二輪車用鉛蓄電池市場はタイプ（種類）とアプリケーション（用途）によって区分されます。2017年～2028年において、量と金額の観点からタイプ別およびアプリケーション別セグメントの売上予測データを提供します。この分析は、適格なニッチ市場をターゲットにすることでビジネスを拡大するのに役立ちます。 タイプ別セグメントは次をカバーします。 ・VRLAバッテリー、浸水バッテリー アプリケーション別セグメントは次のように区分されます。 ・二輪車、スクーター 世界の二輪車用鉛蓄電池市場の主要な市場プレーヤーは以下のとおりです。 ・Clarios、Exide Technologies、CSB Battery、GS Yuasa Corporate、Enersys、EAST PENN Manufacturing、FIAMM、Sebang、Atlasbx、Amara Raja、C&D Technologies、Trojan、NorthStar Battery、Midac Power、ACDelco、Banner batteries、First National Battery、Chaowei Power 地域別セグメントは次の地域・国をカバーします。 ・北米市場（米国、カナダ、メキシコ） ・ヨーロッパ市場（ドイツ、フランス、イギリス、ロシア、イタリア） ・アジア太平洋市場（日本、中国、韓国、インド、東南アジア、オーストラリア） ・南米市場（ブラジル、アルゼンチン、コロンビア） ・中東・アフリカ市場（サウジアラビア、UAE、エジプト、南アフリカ） 本調査レポートの内容は計15章あります。 ・第1章では、二輪車用鉛蓄電池製品の調査範囲、市場の概要、市場の成長要因・阻害要因、および市場動向について説明します。 ・第2章では、主要な二輪車用鉛蓄電池メーカーの企業概要、2019年～2022年までの二輪車用鉛蓄電池の価格、販売量、売上、市場シェアを掲載しています。 ・第3章では、主要な二輪車用鉛蓄電池メーカーの競争状況、販売量、売上、世界市場シェアが重点的に比較分析されています。 ・第4章では、2017年～2028年までの地域別二輪車用鉛蓄電池の販売量、売上、成長性を示しています。 ・第5、6章では、2017年～2028年までの二輪車用鉛蓄電池のタイプ別とアプリケーション別の市場規模、市場シェアと成長率を掲載しています。 ・第7、8、9、10、11章では、2017年～2022年までの世界の主要国での販売量、売上、市場シェア、並びに2023年～2028年までの主要地域での二輪車用鉛蓄電池市場予測を収録しています。 ・第12章では、主要な原材料、主要なサプライヤー、および二輪車用鉛蓄電池の産業チェーンを掲載しています。 ・第13、14、15章では、二輪車用鉛蓄電池の販売チャネル、販売業者、顧客、調査結果と結論、付録、データソースなどについて説明します。 ***** 目次(一部) ***** ・市場概要 - 二輪車用鉛蓄電池の概要 - タイプ別分析（2017年vs2021年vs2028年）：VRLAバッテリー、浸水バッテリー - アプリケーション別分析（2017年vs2021年vs2028年）：二輪車、スクーター - 世界の二輪車用鉛蓄電池市場規模・予測 - 世界の二輪車用鉛蓄電池生産能力分析 - 市場の成長要因・阻害要因・動向 ・メーカー情報（企業概要、製品概要、販売量、価格、売上） - Clarios、Exide Technologies、CSB Battery、GS Yuasa Corporate、Enersys、EAST PENN Manufacturing、FIAMM、Sebang、Atlasbx、Amara Raja、C&D Technologies、Trojan、NorthStar Battery、Midac Power、ACDelco、Banner batteries、First National Battery、Chaowei Power ・メーカー別市場シェア・市場集中度 ・地域別市場分析2017年-2028年 ・タイプ別分析2017年-2028年：VRLAバッテリー、浸水バッテリー ・アプリケーション別分析2017年-2028年：二輪車、スクーター ・二輪車用鉛蓄電池の北米市場分析 - 二輪車用鉛蓄電池の北米市場：タイプ別市場規模2017年-2028年 - 二輪車用鉛蓄電池の北米市場：アプリケーション別市場規模2017年-2028年 - 主要国別市場規模：アメリカ、カナダ、メキシコなど ・二輪車用鉛蓄電池のヨーロッパ市場分析 - ：二輪車用鉛蓄電池のヨーロッパ市場：タイプ別市場規模2017年-2028年 - ：二輪車用鉛蓄電池のヨーロッパ市場：アプリケーション別市場規模2017年-2028年 - 主要国別市場規模：ドイツ、イギリス、フランス、ロシア、イタリアなど ・二輪車用鉛蓄電池のアジア太平洋市場分析 - 二輪車用鉛蓄電池のアジア太平洋市場：タイプ別市場規模2017年-2028年 - 二輪車用鉛蓄電池のアジア太平洋市場：アプリケーション別市場規模2017年-2028年 - 主要国別市場規模：中国、日本、韓国、インド、東南アジア、オーストラリアなど ・二輪車用鉛蓄電池の南米市場分析 - 二輪車用鉛蓄電池の南米市場：タイプ別市場規模2017年-2028年 - 二輪車用鉛蓄電池の南米市場：アプリケーション別市場規模2017年-2028年 - 主要国別市場規模：ブラジル、アルゼンチンなど ・二輪車用鉛蓄電池の中東・アフリカ市場分析 - 二輪車用鉛蓄電池の中東・アフリカ市場：タイプ別市場規模2017年-2028年 - 二輪車用鉛蓄電池の中東・アフリカ市場：アプリケーション別市場規模2017年-2028年 - 主要国別市場規模：サウジアラビア、トルコ、エジプト、南アフリカなど ・原材料および産業チェーン ・販売チャネル、流通業者・代理店、顧客リスト ・調査の結果・結論 |
The Two Wheeler Lead Acid Batteries market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
According to our (Global Info Research) latest study, due to COVID-19 pandemic, the global Two Wheeler Lead Acid Batteries market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during review period. Motorcycles accounting for % of the Two Wheeler Lead Acid Batteries global market in 2021, is projected to value USD million by 2028, growing at a % CAGR in next six years. While VRLA Batteries segment is altered to a % CAGR between 2022 and 2028.
Global key manufacturers of Two Wheeler Lead Acid Batteries include Clarios, Exide Technologies, CSB Battery, GS Yuasa Corporate, and Enersys, etc. In terms of revenue, the global top four players hold a share over % in 2021.
Market segmentation
Two Wheeler Lead Acid Batteries market is split by Type and by Application. For the period 2017-2028, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type, covers
VRLA Batteries
Flooded Batteries
Market segment by Application can be divided into
Motorcycles
Scooters
The key market players for global Two Wheeler Lead Acid Batteries market are listed below:
Clarios
Exide Technologies
CSB Battery
GS Yuasa Corporate
Enersys
EAST PENN Manufacturing
FIAMM
Sebang
Atlasbx
Amara Raja
C&D Technologies
Trojan
NorthStar Battery
Midac Power
ACDelco
Banner batteries
First National Battery
Chaowei Power
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Two Wheeler Lead Acid Batteries product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Two Wheeler Lead Acid Batteries, with price, sales, revenue and global market share of Two Wheeler Lead Acid Batteries from 2019 to 2022.
Chapter 3, the Two Wheeler Lead Acid Batteries competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Two Wheeler Lead Acid Batteries breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2028.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2022.and Two Wheeler Lead Acid Batteries market forecast, by regions, type and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Two Wheeler Lead Acid Batteries.
Chapter 13, 14, and 15, to describe Two Wheeler Lead Acid Batteries sales channel, distributors, customers, research findings and conclusion, appendix and data source.
1 Market Overview
1.1 Two Wheeler Lead Acid Batteries Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Two Wheeler Lead Acid Batteries Revenue by Type: 2017 Versus 2021 Versus 2028
1.2.2 VRLA Batteries
1.2.3 Flooded Batteries
1.3 Market Analysis by Application
1.3.1 Overview: Global Two Wheeler Lead Acid Batteries Revenue by Application: 2017 Versus 2021 Versus 2028
1.3.2 Motorcycles
1.3.3 Scooters
1.4 Global Two Wheeler Lead Acid Batteries Market Size & Forecast
1.4.1 Global Two Wheeler Lead Acid Batteries Sales in Value (2017 & 2021 & 2028)
1.4.2 Global Two Wheeler Lead Acid Batteries Sales in Volume (2017-2028)
1.4.3 Global Two Wheeler Lead Acid Batteries Price (2017-2028)
1.5 Global Two Wheeler Lead Acid Batteries Production Capacity Analysis
1.5.1 Global Two Wheeler Lead Acid Batteries Total Production Capacity (2017-2028)
1.5.2 Global Two Wheeler Lead Acid Batteries Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Two Wheeler Lead Acid Batteries Market Drivers
1.6.2 Two Wheeler Lead Acid Batteries Market Restraints
1.6.3 Two Wheeler Lead Acid Batteries Trends Analysis
2 Manufacturers Profiles
2.1 Clarios
2.1.1 Clarios Details
2.1.2 Clarios Major Business
2.1.3 Clarios Two Wheeler Lead Acid Batteries Product and Services
2.1.4 Clarios Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.2 Exide Technologies
2.2.1 Exide Technologies Details
2.2.2 Exide Technologies Major Business
2.2.3 Exide Technologies Two Wheeler Lead Acid Batteries Product and Services
2.2.4 Exide Technologies Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.3 CSB Battery
2.3.1 CSB Battery Details
2.3.2 CSB Battery Major Business
2.3.3 CSB Battery Two Wheeler Lead Acid Batteries Product and Services
2.3.4 CSB Battery Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.4 GS Yuasa Corporate
2.4.1 GS Yuasa Corporate Details
2.4.2 GS Yuasa Corporate Major Business
2.4.3 GS Yuasa Corporate Two Wheeler Lead Acid Batteries Product and Services
2.4.4 GS Yuasa Corporate Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.5 Enersys
2.5.1 Enersys Details
2.5.2 Enersys Major Business
2.5.3 Enersys Two Wheeler Lead Acid Batteries Product and Services
2.5.4 Enersys Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.6 EAST PENN Manufacturing
2.6.1 EAST PENN Manufacturing Details
2.6.2 EAST PENN Manufacturing Major Business
2.6.3 EAST PENN Manufacturing Two Wheeler Lead Acid Batteries Product and Services
2.6.4 EAST PENN Manufacturing Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.7 FIAMM
2.7.1 FIAMM Details
2.7.2 FIAMM Major Business
2.7.3 FIAMM Two Wheeler Lead Acid Batteries Product and Services
2.7.4 FIAMM Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.8 Sebang
2.8.1 Sebang Details
2.8.2 Sebang Major Business
2.8.3 Sebang Two Wheeler Lead Acid Batteries Product and Services
2.8.4 Sebang Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.9 Atlasbx
2.9.1 Atlasbx Details
2.9.2 Atlasbx Major Business
2.9.3 Atlasbx Two Wheeler Lead Acid Batteries Product and Services
2.9.4 Atlasbx Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.10 Amara Raja
2.10.1 Amara Raja Details
2.10.2 Amara Raja Major Business
2.10.3 Amara Raja Two Wheeler Lead Acid Batteries Product and Services
2.10.4 Amara Raja Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.11 C&D Technologies
2.11.1 C&D Technologies Details
2.11.2 C&D Technologies Major Business
2.11.3 C&D Technologies Two Wheeler Lead Acid Batteries Product and Services
2.11.4 C&D Technologies Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.12 Trojan
2.12.1 Trojan Details
2.12.2 Trojan Major Business
2.12.3 Trojan Two Wheeler Lead Acid Batteries Product and Services
2.12.4 Trojan Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.13 NorthStar Battery
2.13.1 NorthStar Battery Details
2.13.2 NorthStar Battery Major Business
2.13.3 NorthStar Battery Two Wheeler Lead Acid Batteries Product and Services
2.13.4 NorthStar Battery Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.14 Midac Power
2.14.1 Midac Power Details
2.14.2 Midac Power Major Business
2.14.3 Midac Power Two Wheeler Lead Acid Batteries Product and Services
2.14.4 Midac Power Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.15 ACDelco
2.15.1 ACDelco Details
2.15.2 ACDelco Major Business
2.15.3 ACDelco Two Wheeler Lead Acid Batteries Product and Services
2.15.4 ACDelco Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.16 Banner batteries
2.16.1 Banner batteries Details
2.16.2 Banner batteries Major Business
2.16.3 Banner batteries Two Wheeler Lead Acid Batteries Product and Services
2.16.4 Banner batteries Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.17 First National Battery
2.17.1 First National Battery Details
2.17.2 First National Battery Major Business
2.17.3 First National Battery Two Wheeler Lead Acid Batteries Product and Services
2.17.4 First National Battery Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
2.18 Chaowei Power
2.18.1 Chaowei Power Details
2.18.2 Chaowei Power Major Business
2.18.3 Chaowei Power Two Wheeler Lead Acid Batteries Product and Services
2.18.4 Chaowei Power Two Wheeler Lead Acid Batteries Sales, Price, Revenue, Gross Margin and Market Share (2019, 2020, 2021, and 2022)
3 Two Wheeler Lead Acid Batteries Breakdown Data by Manufacturer
3.1 Global Two Wheeler Lead Acid Batteries Sales in Volume by Manufacturer (2019, 2020, 2021, and 2022)
3.2 Global Two Wheeler Lead Acid Batteries Revenue by Manufacturer (2019, 2020, 2021, and 2022)
3.3 Key Manufacturer Market Position in Two Wheeler Lead Acid Batteries
3.4 Market Concentration Rate
3.4.1 Top 3 Two Wheeler Lead Acid Batteries Manufacturer Market Share in 2021
3.4.2 Top 6 Two Wheeler Lead Acid Batteries Manufacturer Market Share in 2021
3.5 Global Two Wheeler Lead Acid Batteries Production Capacity by Company: 2021 VS 2022
3.6 Manufacturer by Geography: Head Office and Two Wheeler Lead Acid Batteries Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Two Wheeler Lead Acid Batteries Market Size by Region
4.1.1 Global Two Wheeler Lead Acid Batteries Sales in Volume by Region (2017-2028)
4.1.2 Global Two Wheeler Lead Acid Batteries Revenue by Region (2017-2028)
4.2 North America Two Wheeler Lead Acid Batteries Revenue (2017-2028)
4.3 Europe Two Wheeler Lead Acid Batteries Revenue (2017-2028)
4.4 Asia-Pacific Two Wheeler Lead Acid Batteries Revenue (2017-2028)
4.5 South America Two Wheeler Lead Acid Batteries Revenue (2017-2028)
4.6 Middle East and Africa Two Wheeler Lead Acid Batteries Revenue (2017-2028)
5 Market Segment by Type
5.1 Global Two Wheeler Lead Acid Batteries Sales in Volume by Type (2017-2028)
5.2 Global Two Wheeler Lead Acid Batteries Revenue by Type (2017-2028)
5.3 Global Two Wheeler Lead Acid Batteries Price by Type (2017-2028)
6 Market Segment by Application
6.1 Global Two Wheeler Lead Acid Batteries Sales in Volume by Application (2017-2028)
6.2 Global Two Wheeler Lead Acid Batteries Revenue by Application (2017-2028)
6.3 Global Two Wheeler Lead Acid Batteries Price by Application (2017-2028)
7 North America by Country, by Type, and by Application
7.1 North America Two Wheeler Lead Acid Batteries Sales by Type (2017-2028)
7.2 North America Two Wheeler Lead Acid Batteries Sales by Application (2017-2028)
7.3 North America Two Wheeler Lead Acid Batteries Market Size by Country
7.3.1 North America Two Wheeler Lead Acid Batteries Sales in Volume by Country (2017-2028)
7.3.2 North America Two Wheeler Lead Acid Batteries Revenue by Country (2017-2028)
7.3.3 United States Market Size and Forecast (2017-2028)
7.3.4 Canada Market Size and Forecast (2017-2028)
7.3.5 Mexico Market Size and Forecast (2017-2028)
8 Europe by Country, by Type, and by Application
8.1 Europe Two Wheeler Lead Acid Batteries Sales by Type (2017-2028)
8.2 Europe Two Wheeler Lead Acid Batteries Sales by Application (2017-2028)
8.3 Europe Two Wheeler Lead Acid Batteries Market Size by Country
8.3.1 Europe Two Wheeler Lead Acid Batteries Sales in Volume by Country (2017-2028)
8.3.2 Europe Two Wheeler Lead Acid Batteries Revenue by Country (2017-2028)
8.3.3 Germany Market Size and Forecast (2017-2028)
8.3.4 France Market Size and Forecast (2017-2028)
8.3.5 United Kingdom Market Size and Forecast (2017-2028)
8.3.6 Russia Market Size and Forecast (2017-2028)
8.3.7 Italy Market Size and Forecast (2017-2028)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Two Wheeler Lead Acid Batteries Sales by Type (2017-2028)
9.2 Asia-Pacific Two Wheeler Lead Acid Batteries Sales by Application (2017-2028)
9.3 Asia-Pacific Two Wheeler Lead Acid Batteries Market Size by Region
9.3.1 Asia-Pacific Two Wheeler Lead Acid Batteries Sales in Volume by Region (2017-2028)
9.3.2 Asia-Pacific Two Wheeler Lead Acid Batteries Revenue by Region (2017-2028)
9.3.3 China Market Size and Forecast (2017-2028)
9.3.4 Japan Market Size and Forecast (2017-2028)
9.3.5 Korea Market Size and Forecast (2017-2028)
9.3.6 India Market Size and Forecast (2017-2028)
9.3.7 Southeast Asia Market Size and Forecast (2017-2028)
9.3.8 Australia Market Size and Forecast (2017-2028)
10 South America by Region, by Type, and by Application
10.1 South America Two Wheeler Lead Acid Batteries Sales by Type (2017-2028)
10.2 South America Two Wheeler Lead Acid Batteries Sales by Application (2017-2028)
10.3 South America Two Wheeler Lead Acid Batteries Market Size by Country
10.3.1 South America Two Wheeler Lead Acid Batteries Sales in Volume by Country (2017-2028)
10.3.2 South America Two Wheeler Lead Acid Batteries Revenue by Country (2017-2028)
10.3.3 Brazil Market Size and Forecast (2017-2028)
10.3.4 Argentina Market Size and Forecast (2017-2028)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Two Wheeler Lead Acid Batteries Sales by Type (2017-2028)
11.2 Middle East & Africa Two Wheeler Lead Acid Batteries Sales by Application (2017-2028)
11.3 Middle East & Africa Two Wheeler Lead Acid Batteries Market Size by Country
11.3.1 Middle East & Africa Two Wheeler Lead Acid Batteries Sales in Volume by Country (2017-2028)
11.3.2 Middle East & Africa Two Wheeler Lead Acid Batteries Revenue by Country (2017-2028)
11.3.3 Turkey Market Size and Forecast (2017-2028)
11.3.4 Egypt Market Size and Forecast (2017-2028)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2028)
11.3.6 South Africa Market Size and Forecast (2017-2028)
12 Raw Material and Industry Chain
12.1 Raw Material of Two Wheeler Lead Acid Batteries and Key Manufacturers
12.2 Manufacturing Costs Percentage of Two Wheeler Lead Acid Batteries
12.3 Two Wheeler Lead Acid Batteries Production Process
12.4 Two Wheeler Lead Acid Batteries Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Two Wheeler Lead Acid Batteries Typical Distributors
13.3 Two Wheeler Lead Acid Batteries Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer