Key Highlights
• Lead-acid batteries are turning more prevalent in the automotive sector due to their numerous advantages, including their availability in a wide range of sizes and forms, zero maintenance, higher durability, affordability, and longer lifespan. Modern technological advances enabled battery packs with lead acid to be implemented with features such as automatic water replenishment or centrally situated plugs, which have gradually reduced their maintenance requirements. They are simple to recycle and hence have a higher market demand. The use of environmentally friendly batteries has expanded to fixed areas such as smart grids, frequency regulation sets & UPS devices. Automobile lead-acid battery packs are addressing market demands for energy storage as they continue to rise.
• In 2023, the world's automotive lead acid battery industry is anticipated to be worth US$ 28.84 billion. The market is predicted to exceed US$ 44 billion until 2032, with a 5.2% CAGR during time period of 2023 to 2033.
• Jan’23 - Clarios launched the Smart AGM 12V batteries, which were designed for use in electric car computer alongside automated driver assistance (ADAS).
• The usage of hybrid and electric vehicles to improve air quality and address sustainability challenges such as carbon emissions is driving a growing market for low-emission or zero-emission batteries, which is increasing demand for lead-acid batteries. Lead-acid batteries are are becoming more popular as a result of the swift depletion of fossil resources. Government rules on emissions of greenhouse gases from automobiles have made the selling of vehicles that produce more pollutants illegal. This is the key driver of the automotive lead acid battery market.
Scope of the Industry Profile
Key Players
• Johnson Controls
• Exide Technologies
• East Penn Manufacturing
• GS Yuasa Corporation
• EnerSys
• Clarios
• C&D Technologies
• Crown Battery Manufacturing
• Leoch International Technology
• Fengfan Co., Ltd.
• Tejas Battery
Segmentations
By Battery Type
• Flooded Battery
• Enhanced Flooded Battery
• VRLA Battery
• SLI Batteries
• Deep Cycle Batteries
By Combustion
• ICE
• Hybrid
• Electric
By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
By Sales Channel
• Original Equipment Manufacturer (OEM)
• Aftermarket
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Automotive Lead Acid Battery market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Automotive Lead Acid Battery market.
3. Leading company profiles reveal details of key Automotive Lead Acid Battery market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Automotive Lead Acid Battery market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Developments
• July’22 - Panasonic Corporation, the world's largest maker of lithium-ion batteries, has partnered with Kansas for economic growth with the goal of propelling the development of the EV sector in the United States.
• June’22 - Sunlight Group gained approximately EUR 275 million in finance to expand its lead-acid & lithium-ion battery manufacturing and research and development. The company intends to meet the growing global need for green technologies for storing energy. As a result, the company's present manufacturing and assembling lines are planned to be upgraded and expanded. The corporation is anticipated to invest in infrastructure in Greece, Italy, & the United States in order to enhance its manufacturing of lithium-ion & lead-acid batteries, as well as energy storage systems.
• May’22 - ACE Green Recycling will construct and operate the largest zero-emission and ecologically friendly battery recycling complex in North America in Texas, USA. The park is expected to recycle additionally lead-acid & lithium-ion batteries once fully operational. By 2025, the park expects to process and recycle up to 100,000 metric tonnes of discarded lead-acid batteries plus 20,000 metric tonnes of recycled lithium-ion batteries each year.
• Mar’21 - The advancement of the future-oriented Ultium chemistry by General Motors Company has made substantial progress. This progress was made in preparation of a new cooperative research contract with the Solid Energy Systems, which aims to accelerate the transition to an electric future.
Segment Insights
• In the future years, the flooded lead-acid battery is likely to takeover industry owing to its low-cost, high-energy density, and dependable performance. This kind of battery is commonly employed in automobiles. Furthermore, these batteries have been widely available and simple to replace, which makes them a popular choice among automobile owners.
• The passenger car sector is expected to dominate the industry in a couple of years. Due to their considerable popularity, the rising number of vehicle on the road, and the demand for reliable sources of power in vehicles, passenger cars are the biggest customer base for lead-acid batteries. Driven by rising vehicle demand and the necessity for sustainable power sources in automobiles. Furthermore, the market is predicted to expand further, owing to the increasing adoption of green cars and the requirement for backup batteries in automobiles.
Regional Insights
• As a result of growing demand, a healthy automobile aftermarket, and the presence of major battery manufacturers, the battery industry in North American region has grown. US is the biggest customer base in North America of automotive batteries as a result of factors such as the vast number of vehicles on the road, a sizable the automotive industry, and the existence of major battery manufacturers.
• The Asia Pacific region constitutes one of the most significant markets for automotive battery technology, with growth projected in the next years. The region is distinguished by a strong and quickly expanding automotive industry, which is fueled by increased car production and sales, rising demand for battery-powered cars, and a growing variety of vehicles on the road. Japan, China, and India have the biggest automotive lead-acid battery markets in the Asia Pacific area, owing to factors such as these countries' huge and quickly increasing automotive industries, as well as the existence of key battery manufacturers. Furthermore, the region's rising demand for electric cars is propelling the automotive lead-acid battery market forward.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise
license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 AUTOMOTIVE LEAD ACID BATTERY MARKET
OVERVIEW, BY BATTERY TYPE
6.1 Global Market Revenue & Share Analysis, By Battery Type
6.1.1 Flooded Battery
6.1.2 Enhanced Flooded Battery
6.1.3 VRLA Battery
6.1.4 SLI Batteries
6.1.5 Deep Cycle Batteries
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 AUTOMOTIVE LEAD ACID BATTERY MARKET
OVERVIEW, BY COMBUSTION
7.1 Global Market Revenue & Share Analysis, By Combustion
7.1.1 ICE
7.1.2 Hybrid
7.1.3 Electric
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 AUTOMOTIVE LEAD ACID BATTERY MARKET
OVERVIEW, BY VEHICLE TYPE
8.1 Global Market Revenue & Share Analysis, By Vehicle Type
8.1.1 Passenger Vehicles
8.1.2 Commercial Vehicles
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 AUTOMOTIVE LEAD ACID
BATTERY MARKET OVERVIEW, BY SALES CHANNEL
9.1 Global Market Revenue & Share Analysis, By Sales Channel
9.1.1 Original Equipment Manufacturer (OEM)
9.1.2 Aftermarket
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 AUTOMOTIVE LEAD ACID BATTERY MARKET
OVERVIEW, BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET
ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Battery
Type
11.2 North America Market Revenue & Share Analysis, By
Combustion
11.3 North America Market Revenue & Share Analysis, By Vehicle
Type
11.4 North America Market Revenue & Share Analysis, By Sales
Channel
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Battery Type
12.2 Europe Market Revenue & Share Analysis, By Combustion
12.3 Europe Market Revenue & Share Analysis, By Vehicle Type
12.4 Europe Market Revenue & Share Analysis, By Sales Channel
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Battery Type
13.2 APAC Market Revenue & Share Analysis, By Combustion
13.3 APAC Market Revenue & Share Analysis, By Vehicle Type
13.4 APAC Market Revenue & Share Analysis, By Sales Channel
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Battery Type
14.2 MEA Market Revenue & Share Analysis, By Combustion
14.3 MEA Market Revenue & Share Analysis, By Vehicle Type
14.4 MEA Market Revenue & Share Analysis, By Sales Channel
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Battery Type
15.2 SA Market Revenue & Share Analysis, By Combustion
15.3 SA Market Revenue & Share Analysis, By Vehicle Type
15.4 SA Market Revenue & Share Analysis, By Sales Channel
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Product Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Johnson Controls
17.2.1.1 Business Overview
17.2.1.2 Products Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Exide Technologies
17.2.3 East Penn Manufacturing
17.2.4 GS Yuasa Corporation
17.2.5 EnerSys
17.2.6 Clarios
17.2.7 C&D Technologies
17.2.8 Crown Battery Manufacturing
17.2.9 Leoch International Technology
17.2.10 Fengfan Co., Ltd.
18 DISCLAIMER
19 APPENDIX
