Automotive Lead Acid Battery Market

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 market 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