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Automotive Lead Acid Battery Market

Automotive Lead Acid Battery Market Size, Share & Trends Analysis Report By Product (SLI and Micro-Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), Customer Segment (OEM and Aftermarket), By End User, and By Application, By Region, And Segment Forecasts, 2023-2031

Report ID : 1633 | Published : 2023-03-21 | Pages: 180 | Format: PDF/EXCEL

The Global Automotive Lead Acid Battery Market Size is valued at 26.57 billion in 2022 and is predicted to reach 39.84 billion by the year 2031 at a 4.78% CAGR during the forecast period for 2023-2031.

The automotive lead-acid battery market is a mature market that has existed for many decades. Lead-acid batteries have been widely used as a power source in vehicles due to their low-cost, high-energy density, and reliable performance. The market has been growing in recent years due to the elevated demand for electric vehicles and the requirement for backup power supplies in vehicles. Factors driving growth in the market include increasing production and sales of vehicles, growing demand for electric vehicles, and increasing use of lead-acid batteries as backup power sources.

Automotive Lead Acid Battery Market

The increasing popularity of electric vehicles is a major driver of growth, as these vehicles require large, high-capacity batteries to store energy. The automotive lead-acid battery market growth is also expected to be pushed by the increasing demand for backup power supplies in vehicles, which provide an emergency power source in case of a dead battery or another power failure.

However, the market is facing certain challenges, such as the competition from alternative battery technologies, such as lithium-ion batteries, which offer higher energy density and longer lifespan compared to lead-acid batteries. Additionally, the toxic nature of lead and sulfuric acid used in the manufacturing process of lead-acid batteries is also a challenge for the market.

Competitive Landscape:

Some of the automotive lead acid battery market players are:

  • C&D Technologies Inc.
  • Clarios
  • CSB Energy Technology Co.
  • East Penn Manufacturing Company
  • EnerSys Inc.
  • Exide Industries Ltd.
  • FIAMM Energy Technology S.p.A.
  • General Motors Company
  • GS Yuasa Corporation
  • Johnson Controls Inc.
  • Koyo Battery Co., Ltd.
  • Leoch International Technology Ltd
  • Middle East Battery Company
  • Northstar Battery Company LLC.
  • Panasonic Corporation
  • PT Century Batteries Indonesia
  • Reem Batteries & Power Appliances Co. Saoc
  • Robert Bosch GmbH
  • Saft Groupe S.A.
  • Samsung Sdi Company Limited
  • Tai Mao Battery Co., Ltd.
  • Thai Bellco Battery Co.,Ltd.
  • Trojan Battery Company 

Recent Developments:

  • In 2020, Extensive collaboration with GS Yuasa International Ltd. to establish regional energy hubs in the UK. They were starting a project with Albion Community Power to combine Yuasa's hybrid lead/lithium battery system with clean wind and solar energy.
  • In February 2019, The National Alliance for Advanced Transportation Batteries named hydrolysate one of the top 10 developing battery technologies. 

Market Segmentation:

The automotive lead acid battery market is segmented on type, product, customer segment, end user and application. Based on the product, the market is categorized into SLI and micro-hybrid batteries. Based on type, the market is categorized into Flooded, enhanced flooded and VRLA. Based on customer segment, the market is segmented into OEM and aftermarket. Based on end-user, the market is categorized into passenger cars, light commercial vehicles, heavy commercial vehicles, two-wheeler, and three-wheeler. Based on application, the market is further categorized into hybrid vehicles, electric vehicles, light motor vehicles and heavy motor vehicles.

Based On Type, The Flooded Lead-Acid Battery Segment Is A Major Contributor To The Automotive Lead-Acid Battery Market

The flooded lead-acid battery is expected to dominate the automotive lead-acid battery market in the coming years. This type of battery is widely used in vehicles due to its low cost, high energy density, and reliable performance. Additionally, flooded lead-acid batteries are readily available and easily replaced, making them a popular choice for many vehicle owners. Flooded lead-acid batteries use a combination of lead plates and a sulfuric acid electrolyte to produce electrical energy. They are known for their robustness, high discharge rate, and ability to deliver high power quickly, making them well-suited for vehicle use. Although flooded lead-acid batteries face competition from alternative battery technologies, such as lithium-ion batteries, they are still widely used due to their low cost and reliability. The flooded lead-acid battery market is expected to continue to grow, driven by the increasing demand for vehicles and the need for backup power supplies in vehicles.

The Passenger Car Segment Witnessed Growth At A Rapid Rate

The passenger car segment is projected to lead the automotive lead-acid battery market in the coming years. Passenger cars are the largest market for lead-acid batteries due to their high demand, the increased number of vehicles on the road, and the need for reliable power sources in vehicles. Driven by the increased demand for vehicles and the need for reliable power sources in vehicles. Also, the market is expected to continue to grow, driven by the increasing popularity of electric vehicles and the need for backup power supplies in vehicles.

The North American Automotive Lead Acid Battery Market Holds A Significant Revenue Share In The Region

One of the biggest markets for automotive lead-acid batteries in North America. There is a thriving automotive industry in the area, and many cars and significant demand for vehicles are on the road. The market in North America has expanded as a result of this demand, a robust automotive aftermarket, and the existence of significant battery producers. Due to factors including the high number of vehicles on the road, the sizeable automotive aftermarket, and the presence of major battery manufacturers, the United States is the largest market in North America for automotive lead-acid batteries.

The region's rising demand for electric vehicles is also a major factor in expanding the automotive lead-acid battery market. In addition, the Asia Pacific region is one of the largest markets for automotive lead-acid batteries and is expected to grow in the forthcoming years. The region is characterized by a large and rapidly growing automotive industry, driven by increasing production and sales of vehicles, growing demand for electric vehicles, and the increasing number of vehicles on the road. In the Asia Pacific region, nations such as Japan, China, and India are the most numerous markets for automotive lead-acid batteries due to factors such as the large and rapidly growing automotive industries in these countries and the presence of major battery manufacturers. Additionally, the increasing demand for electric vehicles in the region is also driving the automotive lead-acid batteries market growth.

Automotive Lead Acid Battery Market Report:

Report Attribute

Specifications

Market size value in 2022

USD 26.57 Bn

Revenue forecast in 2031

USD 39.84 Bn

Growth rate CAGR

CAGR of 4.78% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Type, Product, Customer Segment, End User And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Johnson Controls, Exide Technologies, GS Yuasa International Ltd, Reem Batteries & Power Appliances Co. SAOC, C&D TECHNOLOGIES, Robert Bosch GmbH, EnerSys Inc, Samsung SDI Company Limited, Trojan Battery Company, NorthStar Battery Company LLC.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Automotive Lead Acid Battery Market Snapshot

Chapter 4. Global Automotive Lead Acid Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Estimates & Trend Analysis
5.1. by Product & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product:

5.2.1. SLI
5.2.2. Micro Hybrid Batteries

Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis
6.1. by Type & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:

6.2.1. Flooded
6.2.2. Enhanced Flooded
6.2.3. VRLA

Chapter 7. Market Segmentation 3: by Customer Segment Estimates & Trend Analysis
7.1. by Customer Segment & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Customer Segment:

7.2.1. OEM
7.2.2. Aftermarket

Chapter 8. Market Segmentation 4: by End User Estimates & Trend Analysis
8.1. by End User & Market Share, 2019 & 2031
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End User:

8.2.1. Passenger Car
8.2.2. Light Commercial Vehicles
8.2.3. Heavy Commercial Vehicles
8.2.4. Two-Wheeler
8.2.5. Three-Wheeler

Chapter 9. Market Segmentation 5: by Application Estimates & Trend Analysis
9.1. by Application & Market Share, 2019 & 2031
9.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

9.2.1. Hybrid Vehicles
9.2.2. Electric Vehicles
9.2.3. Light Motor Vehicles
9.2.4. Heavy Motor Vehicles

Chapter 10. Automotive Lead Acid Battery Market Segmentation 6: Regional Estimates & Trend Analysis

10.1. North America

10.1.1. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
10.1.2. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
10.1.3. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Customer Segment, 2023-2031
10.1.4. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
10.1.5. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
10.1.6. North America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

10.2. Europe

10.2.1. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
10.2.2. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
10.2.3. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Customer Segment, 2023-2031
10.2.4. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
10.2.5. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
10.2.6. Europe Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

10.3. Asia Pacific

10.3.1. Asia Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
10.3.2. Asia Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
10.3.3. Asia-Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Customer Segment, 2023-2031
10.3.4. Asia-Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
10.3.5. Asia Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
10.3.6. Asia Pacific Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

10.4. Latin America

10.4.1. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
10.4.2. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
10.4.3. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Customer Segment, 2023-2031
10.4.4. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
10.4.5. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
10.4.6. Latin America Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

10.5. Middle East & Africa

10.5.1. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Product, 2023-2031
10.5.2. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031
10.5.3. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Customer Segment, 2023-2031
10.5.4. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by End User, 2023-2031
10.5.5. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
10.5.6. Middle East & Africa Automotive Lead Acid Battery Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 11. Competitive Landscape

11.1. Major Mergers and Acquisitions/Strategic Alliances

11.2. Company Profiles


11.2.1. C&D Technologies Inc.
11.2.2. Clarios
11.2.3. CSB Energy Technology Co.
11.2.4. East Penn Manufacturing Company
11.2.5. EnerSys Inc.
11.2.6. Exide Industries Ltd.
11.2.7. FIAMM Energy Technology S.p.A.
11.2.8. General Motors Company
11.2.9. GS Yuasa Corporation
11.2.10. Johnson Controls Inc.
11.2.11. Koyo Battery Co., Ltd.
11.2.12. Leoch International Technology Ltd
11.2.13. Middle East Battery Company
11.2.14. Northstar Battery Company LLC.
11.2.15. Panasonic Corporation
11.2.16. PT Century Batteries Indonesia
11.2.17. Reem Batteries & Power Appliances Co. Saoc
11.2.18. Robert Bosch GmbH
11.2.19. Saft Groupe S.A.
11.2.20. Samsung Sdi Company Limited
11.2.21. Tai Mao Battery Co., Ltd.
11.2.22. Thai Bellco Battery Co.,Ltd.
11.2.23. Trojan Battery Company
11.2.24. Other Prominent Players

Segmentation of Automotive Lead Acid Battery Market-

Automotive Lead Acid Battery Market By Product-

  • SLI
  • Micro Hybrid Batteries

Automotive Lead Acid Battery Market

Automotive Lead Acid Battery Market By Type-

  • Flooded
  • Enhanced Flooded
  • VRLA

Automotive Lead Acid Battery Market By Customer Segment

  • OEM
  • Aftermarket

Automotive Lead Acid Battery Market By End-user

  • Passenger Car
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Two-Wheeler
  • Three-Wheeler

Automotive Lead Acid Battery Market By Application

  • Hybrid Vehicles
  • Electric Vehicles
  • Light Motor Vehicles
  • Heavy Motor Vehicles

Automotive Lead Acid Battery Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Automotive Lead Acid Battery Market?

Automotive Lead Acid Battery Market expected to grow at a 4.78% CAGR during the forecast period for 2023-2031

Johnson Controls, Exide Technologies, GS Yuasa International Ltd, Reem Batteries & Power Appliances Co. SAOC, C&D TECHNOLOGIES, Robert Bosch GmbH, Ene

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