Automotive Lead Acid Battery Market, By Vehicle Type, By Product, By Type, By Customer, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
Automotive Lead Acid Battery market size was evaluated at USD 28,142.2 million in 2023, rising at a CAGR of 4.50% from 2024 to 2032.
An automotive lead-acid battery is a type of rechargeable battery used to power a vehicle. The primary goal of the product is to give an electric current to an electric-powered motor, which initiates the chemically-driven internal combustion engine that propels the engine. According to reports, the lead-acid battery contains two types of lead in a mixture of acids and can perform electrochemical reactions. Following that, it converts chemical energy into electric current, which can lead to voltage generation in automobiles. Lead acid batteries also give voltage to automobile accessories such as air conditioning charging outlets, wipers, and music players.
Automotive Lead Acid Battery Market- Market Dynamics
Increasing Demand for Automobiles
Increasing demands for automobiles form an important growth driver of the Automotive Lead Acid Battery Market. Increased global vehicle production owing to urbanization, economic development, and the growing middle class raises the requirements for reliable power in vehicles. Lead acid batteries are cost-effective and offer robust performance, which makes them recyclable and hence widely adopted by many automotive manufacturers. Lead acid battery demand is also seen to increase with electric and hybrid vehicles. Lead acid batteries are usually used for auxiliary power in electric and hybrid vehicles. Automotive is a sector on the rise. The lead acid battery market will, therefore, gain momentum, paving the way for innovations and advancements in the field of battery technology to respond to more awakened consumer demand.
Automotive Lead Acid Battery Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of 4.50% from 2024 to 2032.
In 2023, the commercial vehicle had the highest market share based on Vehicle Type segmentation.
Based on Product segmentation, The SLI (starting, lighting, and ignition) battery category leads the automotive lead-acid battery market
The flooded batteries sector is expected to dominate the market over the projection period, according to Type segmentation.
On the basis of region, in 2023, North America generated the highest revenue.
Automotive Lead Acid Battery Market- Segmentation Analysis:
The global vehicle-mounted spotlights market is divided into five categories: Vehicle Type, Product, Type, Customer, and region.
On the basis of vehicle type, the market is split into four segments: Commercial Vehicles, Passenger Cars, Two-Wheelers, and HEV Cars. The commercial vehicle category dominates the automotive lead-acid battery market due to the increased demand for commercial vehicles, such as trucks, buses, and delivery vans, for logistics and transportation. Commercial vehicles rely on lead-acid batteries to power many systems, including engine starting, lights, and air conditioning, making them essential for operation.
According to Product, the market is split into two groups: SLI Batteries and Micro Hybrid Batteries. SLI (starting, lighting, and ignition) batteries control the automotive lead-acid battery industry since they are the major power source for starting internal combustion engines in conventional automobiles. These batteries supply the high-cranking currents needed to start the engine consistently.
Automotive Lead Acid Battery Market- Geographical Insights
Geographically, this market encompasses Latin America, Asia Pacific, North America, Europe, the Middle East, and Africa. These zones are further split based on which countries bring business.
One of the biggest markets for lead-acid vehicle batteries in North America is the automotive lead-acid battery market, which contributes significantly to the region's income. The area has a thriving automotive industry, with many cars and a high demand for vehicles on the road. The North American market has grown as a result of increased demand, a strong automotive aftermarket, and the presence of major battery manufacturers. Because of the vast number of vehicles on the road, the considerable automotive aftermarket, and the presence of major battery manufacturers, the United States is North America's largest market for automotive lead-acid batteries.
Asia Pacific is expected to be the fastest-growing region in the coming years. The region is distinguished by a strong and quickly expanding automotive industry, which is driven by increased car production and sales, rising demand for electric vehicles, and an increasing number of vehicles on the roads. Japan, China, and India have the biggest automotive lead-acid battery markets in the Asia Pacific, owing to their huge and quickly increasing automotive industries and the presence of significant battery manufacturers.
Automotive Lead Acid Battery Market- Competitive Landscape:
Major players in the Automotive Lead Acid Battery Market include Koyo Battery Co., Ltd., C&D Technologies Inc., Clarios, CSB Energy Technology Co. Ltd (Showa Denko K.K.). PT. Century Batteries Indonesia is the most prominent company having the highest number of varieties of automotive batteries, and Exide Technologies encompasses standard as well as advanced battery technologies. Yuasa Battery focuses on high-quality lead-acid batteries, especially in the motorcycle area. Bosch is giving advanced innovations in battery technologies that could boost the performance of vehicles, whereas East Penn Manufacturing is a major player that is most famous for its reliable and strong battery products. That has stayed heavily competitive with continued technological development in its drive to serve the increasing needs for effective and environmentally friendly automotive power solutions.
Recent Developments:
In March 2023, PT Vale Indonesia Tbk and China's Zhejiang Huayou Cobalt Co. have formed a partnership with global automaker Ford Motor Co. to enhance sustainable nickel production in Indonesia.
SCOPE OF THE REPORT
This report's scope covers the market's key segments, which comprise the following:
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Koyo Battery Co., Ltd.
C&D Technologies Inc.
Clarios
CSB Energy Technology Co. Ltd (Showa Denko K.K.)
EnerSys
Exide Industries Ltd.
East Penn Manufacturing Company
GS Yuasa Corporation
Leoch International Technology Ltd
PT. Century Batteries Indonesia
Robert Bosch GmbH
Thai Bellco Battery Co. Ltd.
Others
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032
Commercial Vehicles
Passenger Cars
Two-Wheelers
HEV Cars
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
SLI Batteries
Micro Hybrid Batteries
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Flooded Batteries
VRLA Batteries
Enhanced Flooded Batteries
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET, BY CUSTOMER- MARKET ANALYSIS, 2019 - 2032
OEM
Replacement
GLOBAL AUTOMOTIVE LEAD ACID BATTERY MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Automotive Lead Acid Battery Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Automotive Lead Acid Battery Market Snippet by Vehicle Type
2.1.2. Automotive Lead Acid Battery Market Snippet by Product
2.1.3. Automotive Lead Acid Battery Market Snippet by Type
2.1.4. Automotive Lead Acid Battery Market Snippet by Customer
2.1.5. Automotive Lead Acid Battery Market Snippet by Country
2.1.6. Automotive Lead Acid Battery Market Snippet by Region
2.2. Competitive Insights
3. Automotive Lead Acid Battery Key Market Trends
3.1. Automotive Lead Acid Battery Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Automotive Lead Acid Battery Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Automotive Lead Acid Battery Market Opportunities
3.4. Automotive Lead Acid Battery Market Future Trends
4. Automotive Lead Acid Battery Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Automotive Lead Acid Battery Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Automotive Lead Acid Battery Market Landscape
6.1. Automotive Lead Acid Battery Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Automotive Lead Acid Battery Market - By Vehicle Type