PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349856
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1349856
Automotive Lead Acid Battery Market, By Battery Type, By Sales Channel, By Vehicle Type, By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
The global automotive lead acid battery market size was valued at US$ 29.34 Billion in 2023, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 29.34 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 4.10% | 2030 Value Projection: | US$ 38.88 Bn |
The global automotive lead-acid battery market refers to the industry that involves the production, distribution, and sales of lead-acid batteries specifically designed for automotive applications. These batteries are widely used as the primary power source for traditional internal combustion engine vehicles, providing electrical energy for engine starting, lighting, and powering various electrical components in automobiles. The growth of the market can be attributable to factors like, long-standing presence of lead-acid batteries in the automotive industry, offering reliable and cost-effective energy storage solutions for a wide range of vehicles, including cars, trucks, buses, and motorcycles. Despite the emergence of alternative battery technologies, lead-acid batteries continue to play a crucial role in the automotive sector, especially in applications such as start-stop systems and backup power. However, the market also faces challenges, including increasing competition from lithium-ion batteries and environmental concerns related to the recycling and disposal of lead-acid batteries.
Market Dynamics:
The global lead acid battery in automotive market is anticipated to grow due to rising demand for lead acid batteries in electric vehicles over the forecast period. Electric vehicles are replacing vehicles with IC engines in the automotive sector. This transition is the result of improvements in electric vehicle technology and drive from electric vehicle manufacturers like Tesla, who are making significant advancements in battery technology. Additionally, compared to Li-ion batteries, lead acid batteries offer benefits including stable voltage and less sensitivity to transients. Even though manufacturers of electric vehicles are moving toward lithium ion batteries, the global market for automobile lead acid batteries is anticipated to grow throughout the projected period due to a number of advantages lead acid batteries have over lithium ion batteries.
Key features of the study:
- This report provides an in-depth analysis of the global automotive lead acid battery size (US$ billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global automotive lead acid battery market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study are Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited. And Others.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global automotive lead acid battery market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive lead acid battery market
Detailed Segmentation:
- Global Automotive Lead Acid Battery Market, By Battery Type:
- Flooded
- Enhanced Flooded
- AGM
- Global Automotive Lead Acid Battery Market, By Sales Channel:
- OEM
- Aftermarket
- Global Automotive Lead Acid Battery Market, By Vehicle Type:
- Passenger car
- Light commercial vehicle
- Global Automotive Lead Acid Battery Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- Company Profiles
- Exide Technologies
- Enersys Inc.
- FIAMM S.p.A.
- Johnson Controls Inc.
- GS Yuasa Corporation
- CSB Battery Technologies
- Panasonic Corporation
- East Penn Manufacturing Company
- Leoch International Technology Limited
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Battery Type
- Market Snippet, By Sales Channel
- Market Snippet, By Vehicle Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Advancements in lead acid battery technology
- Increasing demand for automotive
- Restraints
- Increasing adoption of lithium-ion batteries
- Fluctuation in pricing of lead acid batteries
- Market Opportunities
- Emergence of techniques to increase durability and performance of lead acid batteries
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launches/Approvals
- Impact of COVID-19 Pandemic
4. Global Automotive Lead Acid Battery Market, By Battery Type, 2018-2030, (US$ Billion )
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2022 and 2030 (%)
- Flooded
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Enhanced Flooded
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- AGM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
5. Global Automotive Lead Acid Battery Market, By Sales Channel, 2018-2030, (US$ Billion )
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2022 and 2030 (%)
- OEM
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Aftermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
6. Global Automotive Lead Acid Battery Market, By Vehicle Type, 2018-2030, (US$ Billion )
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends Market Share Analysis, 2022 and 2030 (%)
- Passenger car
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Light commercial vehicle
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
7. Global Automotive Lead Acid Battery Market, By Region, 2018-2030, (US$ Billion )
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018-2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion )
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion )
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion )
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2018-2030 ,(US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030, (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion )
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth,2018-2030 (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2018-2030 (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Sales Channel, 2018-2030 (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type, 2018-2030 (US$ Billion )
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Billion )
- South Africa
- GCC Countries
- Rest of the Middle East & Africa
8. Competitive Landscape
- Company Profiles
- Exide Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Enersys Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- FIAMM S.p.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Johnson Controls Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- GS Yuasa Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- CSB Battery Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- East Penn Manufacturing Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Leoch International Technology Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Analyst Views
9. Section
- References
- Research Methodology
- About us and Sales Contact
