Automotive Lead Acid Batteries Market by Type, Vehicle Type, Sales Channel

Description

List of Tables

[197 Pages Report] The Automotive Lead Acid Batteries Market size was estimated at USD 27.40 billion in 2023 and expected to reach USD 28.67 billion in 2024, at a CAGR 4.98% to reach USD 38.52 billion by 2030.

Automotive lead acid batteries are rechargeable batteries that have been a cornerstone in the automotive industry for decades. These batteries employ the chemical reaction between lead, lead dioxide, and sulfuric acid to generate electrical power. This reaction creates an electromotive force (EMF) that can start an engine, power vehicle lights, and support the electrical system of automobiles. Known for their reliability, cost-effectiveness, and ability to deliver high surge currents, Automotive Lead Acid Batteries are widely utilized in cars, trucks, motorcycles, and other vehicles for starting, lighting, and ignition (SLI) purposes. The increasing production and sales of automobiles, particularly in emerging economies, drive the demand for these batteries. The growing consumer preference for vehicles equipped with start-stop systems, which require the robust cycling ability of AGM or EFB lead acid batteries, further augments market growth. However, environmental concerns regarding lead pollution and the need for extensive recycling infrastructure also pose significant challenges. Nevertheless, the advancements in battery recycling technologies and evolving electric and hybrid vehicle adoption are anticipated to develop lucrative opportunities for the growth of the automotive lead acid batteries market.

KEY MARKET STATISTICS
Base Year [2023]	USD 27.40 billion
Estimated Year [2024]	USD 28.67 billion
Forecast Year [2030]	USD 38.52 billion
CAGR (%)	4.98%

Type: Proliferating usage of sealed lead acid batteries across automotive applications due to their leak-proof nature and ease of use

Flooded lead acid batteries are the traditional type of rechargeable battery. They contain a liquid electrolyte that freely moves within the cell enclosure. These batteries are known for their ability and durability to deliver consistent power output, making them suitable for various automotive applications. However, they require regular maintenance, including topping the water in the electrolyte solution. Sealed lead acid (SLA) Batteries are designed with a valve-regulated design, eliminating the need for regular maintenance by the user. They are commonly referred to as maintenance-free batteries. Unlike flooded lead-acid batteries, the electrolyte in SLA batteries is immobilized, either in a gel or absorbed in fibrous mats. SLA batteries are used in various automotive applications due to their leak-proof nature and ease of use. Absorbent glass mat (AGM) batteries represent a subtype of sealed lead-acid batteries, where the electrolyte is absorbed into fine fiberglass mats, making the batteries spill-proof. This technology enhances battery performance, including higher power density, reduced self-discharge rates, and improved resistance to vibration. AGM batteries are particularly well-suited for vehicles with start-stop technology and luxury vehicles with high electronic loads. Cranking or engine starting batteries are designed to deliver short, high-current bursts to start an engine. These batteries have many thin plates, enabling them to discharge a large amount of power quickly. Deep cycle batteries are engineered to supply a steady current over a long period. Unlike cranking batteries, they are designed to be deeply discharged using most of their capacity. This makes them ideal for applications including electric vehicles, golf carts, and auxiliary power in boats and recreational vehicles. Deep cycle batteries can be found in flooded, gel, and AGM varieties. Gel batteries are sealed lead acid batteries with the electrolyte balanced in a silica gel matrix. This design makes the batteries leak-proof and provides superior resistance to extreme temperatures, shock, and vibration. Gel batteries are well-suited for deep-cycle applications, including marine, RV, and off-grid power systems. They require no maintenance and have a lower self-discharge rate than lead-acid batteries.

Vehicle Type: Evolving utilization of automotive lead acid batteries in light commercial vehicles

A demand for reliable, high-capacity energy storage solutions characterizes the market for lead-acid batteries in high commercial vehicles. These vehicles, which include buses, heavy trucks, and industrial machinery, require batteries that can start the engine and provide power for a wide range of onboard systems, often for extended periods. Durability and longevity are critical factors, as these vehicles are typically used in more demanding conditions and for longer cycles. Innovations aimed at improving vibration resistance, cycle life, and maintenance requirements are central to meeting the evolving needs of this segment. Light commercial vehicles (LCVs) represent a versatile segment within the automotive market, encompassing a variety of vehicles such as vans, pickups, and small trucks used primarily for commercial purposes. The need for cost-effective, reliable starting and deep cycle capabilities drives this segment's demand for lead acid batteries. Given the diverse applications of LCVs, from urban delivery services to regional transportation, batteries must balance performance and longevity. Moreover, advancements aimed at reducing weight and enhancing charging efficiency are increasingly important to improve vehicle efficiency and reduce operational costs. The passenger vehicles segment is the largest consumer of lead acid batteries in the automotive industry. This category includes sedans, SUVs, hatchbacks, and more, which use these batteries primarily for starting, lighting, and ignition (SLI). While the fundamental requirements of reliability and cost-effectiveness remain paramount, consumers and manufacturers are progressively focusing on environmental concerns. This has led to greater interest in batteries that offer higher energy density, longer life, and lower environmental impact in production and disposal.

Regional Insights

The automotive lead-acid battery market in the Americas is maturing, with significant emphasis on recycling programs and technological advancements to improve battery life and performance. Consumer demand leans towards high-quality, reliable batteries with extended warranties. Recent patents in the US focus on enhancing charge acceptance and reducing sulfation. Notable investments include advanced battery recycling facilities and research for next-generation lead-acid batteries. Environmental stewardship is a key consumer driver, affecting purchasing decisions significantly. In the Asia-Pacific, the demand for automotive lead-acid batteries is robust, driven by both OEM and aftermarket sectors. The government's push towards electric vehicles (EVs) indirectly affects the market, with increased research in hybrid applications incorporating lead-acid batteries. Investment in recycling and sustainable manufacturing practices is rising as environmental regulations tighten. Furthermore, the market is price-sensitive despite growing awareness and demand for quality and sustainability. Government initiatives to boost EV adoption and improve recycling infrastructure influence market dynamics. In the EU, stringent environmental regulations and a shift towards cleaner mobility solutions drive innovation and adoption of advanced lead-acid battery technologies. The market demands high-performance, durable batteries with lower environmental impact. Significant investments are directed towards sustainability in the battery life cycle, from production to recycling. On the other hand, the Middle East shows a growing interest in automotive lead-acid batteries for traditional and renewable energy applications. Investments focus on battery storage solutions to support the region's growing renewable energy infrastructure. Africa's market is emerging, with automotive lead-acid batteries playing a crucial role in off-grid power solutions and the automotive sector. The lack of widespread electricity grid connections makes lead-acid batteries vital for energy storage. The market is price-sensitive, yet there's an increasing interest in quality and sustainability, guiding new investments and initiatives.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Lead Acid Batteries Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Lead Acid Batteries Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Lead Acid Batteries Market, highlighting leading vendors and their innovative profiles. These include Amara Raja Batteries Ltd., C&D Technologies, Inc., CAMEL GROUP CO., LTD., CLARIOS, LLC, COSLIGHT GROUP, Crown Battery Manufacturing Company, CSB Energy Technology Co., Ltd., Daramic, LLC, Discover Battery, East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., FIAMM Energy Technology S.p.A., First National Battery by METINDUSTRIAL (PTY) LIMITED, FURUKAWA BATTERY CO., LTD., Gridtential Energy, Inc., GS Yuasa International Ltd., HBL Power Systems Limited, HOPPECKE Carl Zoellner & Sohn GmbH, Johnson Controls International PLC, Koyo Battery Co., Ltd., Lento Industries Pvt. Ltd., Leoch International Technology Limited, MK Battery, and Ritar International Group.

Market Segmentation & Coverage

This research report categorizes the Automotive Lead Acid Batteries Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Flooded
- Sealed
  - Absorbent Glass Mat
  - Cranking or Engine Starting
  - Deep Cycle
  - Gel
Vehicle Type
- High Commercial Vehicles
- Light Commercial Vehicles
- Passenger Vehicles

Sales Channel
- Aftermarket
- Original Equipment Manufacturer

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Lead Acid Batteries Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Lead Acid Batteries Market?

3. What are the technology trends and regulatory frameworks in the Automotive Lead Acid Batteries Market?

4. What is the market share of the leading vendors in the Automotive Lead Acid Batteries Market?

5. Which modes and strategic moves are suitable for entering the Automotive Lead Acid Batteries Market?

Product Code: MRR-351BAD503D49

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing expansion of electric automotive industry globally
  - 5.1.1.2. Government initiatives to encourage fuel saving and cleaner transportation
- 5.1.2. Restraints
  - 5.1.2.1. Lack of charging infrastructure for EV's and volatile raw material prices
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in lead acid batteries for electric vehicles
  - 5.1.3.2. Growing expansion of automotive battery manufacturers
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns associated with disposal of automotive batteries
5.2. Market Segmentation Analysis
- 5.2.1. Type: Proliferating usage of sealed lead acid batteries across automotive applications due to their leak-proof nature and ease of use
- 5.2.2. Vehicle Type: Evolving utilization of automotive lead acid batteries in light commercial vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Lead Acid Batteries Market, by Type

6.1. Introduction
6.2. Flooded
6.3. Sealed

7. Automotive Lead Acid Batteries Market, by Vehicle Type

7.1. Introduction
7.2. High Commercial Vehicles
7.3. Light Commercial Vehicles
7.4. Passenger Vehicles

8. Automotive Lead Acid Batteries Market, by Sales Channel

8.1. Introduction
8.2. Aftermarket
8.3. Original Equipment Manufacturer

9. Americas Automotive Lead Acid Batteries Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Automotive Lead Acid Batteries Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Automotive Lead Acid Batteries Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Amara Raja To Expand Lead-Acid Battery Business Abroad Amid Lithium-Ion Shift
- 12.3.2. Exide's Chloride Starts Up A Fourth Lead Recycling Plant
- 12.3.3. Leoch to Acquire Yuasa Lead Battery Firms in China
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio