Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Insight- Global automotive lead acid battery Market

Market Overview

An automotive lead acid battery also referred to as starting, lighting, & ignition (SLI) battery is a rechargeable battery mainly used for igniting a vehicle’s engine and supplying electric current to an automobile. The primary goal of automotive lead acid battery is to provide the starter, which starts the engine. The lead acid battery is comprised of two different types of lead in an acid mixture that perform an electrochemical reaction, converting chemical energy into electric current and leading to the production of voltage in an automobile. Apart from supplying power to run the vehicle, lead acid batteries provide voltage to vehicle accessories such as music player, air conditioner charging plugs, radio, and wipers. 

The global automotive lead acid battery market accounted US$ 24,121.0Mn in terms of value and 259,845.0 Thousand Units in terms of volume in 2019

Market Dynamics- Drivers

  1. Increasing research and development activities are expected to drive growth of the global automotive lead acid battery market during the forecast period

Increasing concerns regarding environmental hazards combined with strict regulatory policies imposed by governments across the globe on lead-based products have accelerated the demand for fuel-efficient and durable batteries. To develop efficient batteries, key manufacturers in the automotive battery sector are focused on collaborating with other organizations' research and development activities, in order to develop efficient batteries, while complying with emission standards. For instance, in 2014, Johnson Controls collaborated with the University of Wisconsin–Milwaukee and Wisconsin Energy Institute for commercialization and development of =other energy storage technologies.

  1. Operational and functional advantages offered by lead acid batteries are expected to propel the global automotive lead acid battery market growth over the forecast period

A lead acid battery is one of the most reliable batteries since they are shock and over-charge resistant. The sealing technology used in these batteries ensures that batteries are leak-proof. Moreover, these batteries have longer operational cycles than other types of batteries. Thus, functional and operational advantages offered by lead acid batteries are expected to boost the global automotive lead acid battery market growth over the forecast period.

  1. Growing production of electric and hybrid vehicles is expected to boost the global automotive lead acid battery market growth during the forecast period

The recent past has witnessed significant growth in the production of electric and hybrid vehicles, owing to rising fuel prices and strict emission policies. This, in turn, has increased the demand for lead acid batteries, which function as auxiliary batteries solely for starting, lighting and ignition (SLI), thereby supporting the market growth.

Asia Pacific region dominated the global automotive lead acid battery market in 2019, accounting for 36.2% share in terms of value, followed by Europe, North America, Latin America and MEA respectively.

Automotive Lead Acid Battery  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Fluctuation in pricing of lead acid batteries are expected to hamper the global automotive lead acid battery market growth over the forecast period

The demand for lead acid batteries is majorly affected by volatility in prices of raw materials especially lead. This, in turn, affects revenues of battery manufacturers, reducing profit margins. In the recent past, lead prices have to fluctuate and prices are expected to continue to fluctuate over the forecast period. Thus, these factors are expected to hamper the market growth in the near future.

  1. Strict regulatory policies regarding lead emission are expected to hinder the global automotive lead acid battery market growth over the forecast period

The government of many countries have imposed stringent regulatory policies on emission of lead. For instance, in 2008, the Environmental Protection Agency (EPA) published new lead emissions standards under the National Ambient Air Quality Standards (NAAQS). The new standards mandate reduction of off-site concentration standards for lead in air from 1.5 mg per cubic meter to 0.15 mg per cubic meter. Furthermore, in 2012, the EPA passed the National Emissions Standards for Hazardous Air Pollutants (NESHAP), which affects lead acid recycling facilities.

Market Opportunities

  1. Proving cost-efficient and environment-friendly batteries can present lucrative growth opportunities

Since lead emission is a major challenge for the battery industry due to strict regulations across the globe, manufacturers can provide cost-efficient batteries with a low impact on the environment. Market players can focus on sustainable technologies and can lay emphasis on expanding their consumer base across the globe.

  1. Collaborations and partnerships among market players can offer major business opportunities

Key players in the market can lay emphasis on collaborations, partnerships, and joint ventures with other manufacturers, in order to enhance the market presence and gain competitive advantage. For instance, Johnson Controls entered into a joint venture with The Middle East Battery Company (MEBCOM) to cater to demand from the Middle East lead acid battery market.

Automotive Lead Acid Battery  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Strategic contracts between suppliers and OEMs is an emerging trend in the market

Battery manufacturers such as EnerSys Inc., GS Yuasa, and Johnson Controls are entering into long-term contracts with raw material suppliers in order to ensure a steady supply of raw materials and not be adversely affected by price fluctuations. Furthermore, manufacturers are introducing battery recycling programs to recover new materials and use them for new batteries. This, in turn, is significantly reducing battery cost and dependence on suppliers up to a certain extent.

  1. Rising sales of passenger cars are expected to boost the demand for automotive lead acid batteries

Passenger cars have witnessed significant demand in the recent past, owing to rising disposable income, increased availability of affordable mid-sized models, and evolving transportation needs. This high demand has been specifically noticed in Asia Pacific and Middle East regions. Furthermore, there is increasing demand for micro-hybrid and fully electric vehicles though the demand for lead acid batteries for IC engine-based vehicles is significantly higher in the market.

Segment information:

In global automotive lead acid battery market, by vehicle type, the Passenger Car sub-segment dominated the global market in 2019, accounting for 75.6% share in terms of value, followed by LCV.

Automotive Lead Acid Battery  | Coherent Market Insights

Source: Coherent Market Insights

Competitive Section

Key companies operating in the global automotive lead acid battery market are Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited. 

Key Developments

  1. Key players operating in the market are focused on product launches, in order to enhance the product portfolio. For instance, in January 2018, Exide Industries introduced a new range of automotive batteries ‘Epiq’ in the Indian market.
  2. Major companies in the market are involved in partnerships and collaborations, in order to gain a competitive advantage in the market. For instance, in November 2018, Johnson Controls Inc. partnered with Toshiba Infrastructure Systems & Solutions Corporation to deliver low-voltage lithium-ion solutions, in order to meet demands from automakers.

An automotive lead acid battery is a rechargeable battery that supplies the electric current to an automotive vehicle. Lead acid battery comprises of two different acid and electrodes. This chemicals reacts with each other to produce electric energy from chemical energy. The primary goal of automotive lead acid battery is to provide the starter, which starts the engine. Apart from supplying power to run the vehicle, lead acid batteries provide voltage to vehicle accessories such as music player, air conditioner charging plugs, radio, and wipers. On the basis of vehicle types global automobile lead acid battery is segmented into passenger cars and light motor vehicles. In 2019, passenger cars sub segment dominated the global automotive lead acid battery market with 75.6%.

Market Dynamics

Increasing demand of lead acid batteries in electric vehicles is expected to drive the global lead acid battery in automotive market in the forecast period. Automotive industry is shifting from IC engine vehicles to electric vehicles. This shift is due to advancement of electric vehicles technologies and initiative from electric vehicle companies such as Tesla which are making huge development in battery technologies.

Moreover, Lead-Acid battery provides advantages over the Li-ion batteries such as less sensitivity towards temporaries, constant voltage and others. Though electric vehicles are shifting towards Lithium ion batteries however for certain advantages of lead acid batteries over the Lithium ion batteries are expected to drive the global automobile lead acid battery market in the forecast period.

Market Taxonomy

This report segments the global automotive lead acid battery market on the basis of battery type, sales channel, vehicle type and region. On the basis of Battery Type, the global automotive lead acid battery market is segmented into Flooded, Enhanced Flooded and AGM. On the basis of Sales Channel, the market is segmented into OEM and Aftermarket. On the basis of Vehicle Type, the market is segmented into Passenger car and Light commercial vehicle. On the basis of region, the market is segmented into Asia Pacific, North America, Latin America, Europe and MEA.

Key features of the study:

  • This report provides an in-depth analysis of the global automotive lead acid battery market and provides market size (US$ Million & Thousand Units) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global automotive lead acid battery market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited. 
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global automotive lead acid battery market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the 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:
    • Asia Pacific
    • North America
    • Latin America
    • Europe
    • MEA
  • Company Profiles
    • Exide Technologies*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Enersys Inc.
    • FIAMM S.p.A
    • Johnson Controls Inc.
    • Exide Industries
    • GS Yuasa Corporation
    • CSB Battery Technologies
    • Panasonic Corporation
    • East Penn Manufacturing Company
    • Leoch International Technology Limited.

*Browse all the market data tables and figures on "Global Automotive lead acid battery Market - Forecast to 2027”

Table of Contents

  1. Research Objective and Assumption
    • 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
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Automotive lead acid battery Market, By Battery Type, 2017-2027  (US$ Million & Thousand Units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Flooded
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
    • Enhanced Flooded
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
    • AGM
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
  5. Global Automotive lead acid battery Market, By Sales Channel, 2017-2027  (US$ Million & Thousand Units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • OEM
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
    • Aftermarket
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
  6. Global Automotive lead acid battery Market, By Vehicle Type, 2017-2027  (US$ Million & Thousand Units)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Passenger car
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
    • Light commercial vehicle
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million & Thousand Units)
  7. Global Automotive lead acid battery Market, By Region, 2017-2027  (US$ Million & Thousand Units)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Battery Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Battery Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Battery Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Battery Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Battery Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Sales Channel, 2019–2027 (US$ Million & Thousand Units)
      • Market Size and Forecast, By Vehicle Type, 2019–2027 (US$ Million & Thousand Units)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and 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
        • Key Strategies
        • Recent Developments/Updates
      • FIAMM S.p.A
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Johnson Controls Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Exide Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • GS Yuasa Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CSB Battery Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • East Penn Manufacturing Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Leoch International Technology Limited.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse xx market data tables and xx figures on "Automotive lead acid battery Market - Global forecast to 2027”.

Frequently Asked Questions

The global automotive lead acid battery market is estimated to reach US$ 34,535.01 Million by 2027.
Major players operating in the global automotive lead acid battery market include Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited.
Fluctuation in pricing of lead acid batteries is one of the major factors that is expected to hamper growth of the market over the forecast period.
Operational and functional advantages offered by lead acid batteries is one of the major factors that is expected to propel growth of the market over the forecast period.
The global automotive lead acid battery market is estimated to exhibit a CAGR of 4.6% during the forecast period (2019-2027).
Among regions, Asia Pacific is expected to hold dominant position in the global automotive lead acid battery market in 2019, accounting for 36.2% share, in terms of value, followed by Europe, North America, Latin America, and MEA respectively.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner