인도의 자동차용 납축배터리 시장 규모는 2025-2032년 예측 기간 동안 4.72%의 CAGR로 2024년 19억 2,000만 달러에서 2032년 27억 7,000만 달러로 확대될 것으로 예상됩니다. 이 시장은 최근 몇 년 동안 괄목할 만한 성장세를 보였으며, 급속한 도시화, 자동차 산업의 대폭적인 확장, 기술 발전, 배터리 산업의 혁신으로 인해 앞으로도 계속 확대될 것으로 예상됩니다. 비용 효율성, 저렴한 가격, 자동차 애플리케이션에서 자동차용 납축배터리의 호환성은 시장 확대를 촉진하는 또 다른 주요 요인입니다. 인도의 자동차용 납축배터리 시장은 비용 효율성, 신뢰성, 첨단 기술력으로 인해 자동차 시동, 조명, 점화(SLI) 애플리케이션에 오랫동안 선호되어 수요가 크게 증가하고 있습니다. 또한, 새로운 차종 개발, 자동차 판매의 큰 폭의 성장, 자동차 산업의 지속적인 기술 혁신은 예측 기간 동안 인도의 자동차용 납축배터리 시장의 성장 수요를 증가시킬 것으로 예상됩니다.
또한, 이 시장의 제조업체들은 자동차용 납축배터리의 효율을 높이고 배터리 수명을 연장하기 위해 제품 업그레이드에 투자하고 있습니다. 배터리의 발전은 지속가능한 환경과 내식성 강화에 대한 주요 소비자의 우려를 완화하고, 자동차 구매자들 사이에서 주간주행용 LED의 인기가 높아지면서 인도에서 자동차용 납축배터리를 포함한 고전압 배터리에 대한 수요를 촉진하고 있습니다. 또한, 시장 개척 기업들은 혁신적인 신제품을 출시하고 자동차 산업의 납축배터리 수요 증가에 대응하기 위해 다양한 연구 개발 활동에 투자하고 있습니다. 또한 기업들은 더 나은 경험을 제공하기 위해 자동차용 납축배터리에 투자하고 있습니다.
이 보고서는 인도의 자동차용 납축배터리 시장을 조사했으며, 시장 개요와 함께 차량 유형별, 배터리 용량별, 판매 채널별, 지역별 동향, 시장 진입 기업 프로파일 등을 조사하여 전해드립니다.
India automotive lead acid battery market is projected to witness a CAGR of 4.72% during the forecast period FY2025-FY2032, growing from USD 1.92 billion in FY2024 to USD 2.77 billion in FY2032. The market has observed significant growth in recent years and is expected to maintain an expansion in the coming years owing to rapid urbanization, considerable expansion in the automotive industry, technological advancements, and innovations in the battery industry. Cost-effectiveness, affordability, and compatibility of automotive lead acid batteries in the range of automotive applications are the other key drivers propelling market expansion. The demand for India automotive lead acid battery market is significantly rising as it has been a long-preferred choice for starting, lighting, and ignition (SLI) applications in vehicles, owing to their cost-effectiveness, reliability, and well-advanced technology. Furthermore, the development of new vehicle models, massive growth in vehicle sales, and continuous innovations in the automotive industry will increase demand for automotive lead acid battery market growth in India in the forecast period.
Also, manufacturers in the market are investing in upgrading their products to improve the effectiveness of automotive lead acid batteries and extend battery life. Advancements in batteries mitigate key consumer concerns regarding a sustainable environment and enhanced corrosion resistance, coupled with the growing craze of daytime running LEDs among car buyers, driving the demand for high voltage batteries, including automotive lead acid batteries in India. Additionally, companies in the market are investing in different research and development activities to launch new and innovative products and address the rising demand for lead acid batteries in the automotive industry. Furthermore, companies are investing in automotive lead acid batteries to offer a better experience.
For instance, in June 2024, Amara Raja Energy & Mobility Limited announced an investment of nearly USD 36 million as capital expenditure for its new energy and lead acid businesses during FY2025 and FY2026 to remain competitive in India's growing EV sphere.
Rising Adoption of Electric Vehicles to Drive India Automotive Lead Acid Battery Market Demand
The considerable increase in demand for electric vehicles, including electric passenger cars, e-rickshaws, and others in India, is projected to drive the demand for automotive lead acid batteries. The Indian government is implementing different policies and regulations to promote the adoption of e-rickshaws and reduce carbon emissions, propelling India automotive lead acid battery market growth in the forecast period. Moreover, the Indian government offers incentives and subsidies that decrease the overall cost of automobiles and surge in demand for EVs, which further fosters market demand in India. This trend is projected to continue as the automotive industry moves towards electrification, with automotive lead acid batteries being significant in powering entry-level EVs and hybrid models. Companies in the market are efficiently introducing automotive lead acid battery technology to reduce emissions and extend the lifespan of vehicles.
For instance, in June 2023, Schaeffler India Limited announced the launch of Schaeffler TruPower 2-Wheeler Batteries, leveraging Valve Regulated Lead Acid technology to ensure trouble-free running of the vehicle.
Rising Awareness Concerning Sustainable Environment Propels Market Growth
The growing awareness concerning sustainable environment and transportation and government regulations on net zero carbon emissions are anticipated to propel the growth of India automotive lead acid battery market in the forecast period. Automakers significantly utilize lead acid batteries in cars and other motor vehicles due to their cost-effectiveness and longer life cycle, coupled with zero-carbon emissions. Additionally, the regulatory assistance for green technologies and the force towards cleaner transportation solutions foster the integration of automotive lead acid batteries in different automotive applications. Companies in the market are introducing automotive lead acid batteries to address the rising demand for sustainable transportation and advance the performance of vehicles.
For instance, in January 2024, Ipower Batteries Private Limited announced the launch of Graphene series lead acid batteries in the country to contribute to the growth of the EV industry in India.
Government Rules and Regulations to Push Market Growth
In India, government rules and regulations are considerably propelling the growth of India automotive lead acid battery market as the Indian government introduced different initiatives focused on encouraging sustainability and improving recycling procedures. Policies, including stricter environmental standards for battery disposal and improved recycling regulations, are motivating manufacturers to implement eco-friendly procedures. In addition, the government's support for cost-effective energy storage solutions and incentives for adopting energy-efficient technologies support the increased demand for automotive lead acid batteries in India in the forecast period. Furthermore, the government of India pushes automakers to use locally manufactured batteries, propelling domestic production and innovation. The government is framing different regulations to minimize health risks and enhance vehicle safety and carbon emissions, driving the automotive industry, which further propels the market growth for automotive lead acid batteries.
For instance, the Government of India announced an ambitious target of 30% EV penetration by 2030, surging the demand for automotive lead acid batteries. Also, GOI has a vision of Viksit Bharat by 2047, which requires the introduction of a robust research and development scenario that allows the formation of a self-reliant domestic EV ecosystem.
Passenger Cars to Dominate India Automotive Lead Acid Battery Market Share
Passenger cars dominate the largest market share in India automotive lead acid battery market owing to an increase in disposable income, technological advancement in vehicles, and lower fueling and maintenance costs. The growth of India passenger vehicle market is rising owing to the awareness concerning sustainability and strict government regulations on net zero carbon emissions. Companies in the market are designing EVs with accessibility in mind, making them a better choice for public transportation with wider doors and more space inside to accommodate passengers with pushchairs, prams, and luggage. In addition, companies are introducing automotive lead acid batteries to offer reliable starting power and address the automakers' demand for lead acid batteries.
For instance, in July 2024, Exide Industries Ltd announced the launch of a new advanced Absorbent Glass Mat (AGM) battery for starting, light, and ignition (SLI) applications. Exide anticipants SLI-AGM batteries to become a dominant percentage of all four-wheeler battery requirements, precisely passenger vehicles.
Future Market Scenario (FY2025-FY2032F)
The expansion in the automotive industry and growing demand for passenger vehicles and light commercial vehicle production are projected to drive the growth of India automotive lead acid battery market in the forecast period.
Advancements in battery technology and a growing requirement for changing batteries at regular intervals are anticipated to propel the market growth in India for automotive lead acid batteries.
Rising research and development activities through partnerships and collaborations between key participants in the market have resulted in innovation and the launch of new products in the market.
Extending requirements for high-performance batteries owing to an increase in the adoption rate of e-rickshaws will introduce market growth opportunities for market players in India.
Key Players Landscape and Outlook
Companies in India automotive lead acid battery market are investing in different research and development activities to enhance the performance of batteries coupled with reliability and compatibility. Companies have spread their wings across the international market and had the opportunity to serve many of India's popular companies. Key market players are significantly adopting growth strategies, including joint ventures, partnerships, mergers and acquisitions, collaborations, amalgamation, new product launches, and others to expand their market presence and market share.
In August 2023, Amara Raja Energy & Mobility Limited announced an expansion of its lead acid battery business abroad, even as it expands into the manufacturing of green lithium-ion batteries.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.