Automotive Lead Acid Battery Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Lead Acid Battery Trends and Forecast

The future of the global automotive lead acid battery market looks promising with opportunities in the passenger car, light & heavy commercial vehicle, two wheeler, and three wheeler markets. The global automotive lead acid battery market is expected to reach an estimated $34.7 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing adoption of electric and hybrid vehicles, rising government regulations and initiatives to promote sustainable transportation and environmental conservation, and on-going development in battery technology and manufacturing processes.

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Automotive Lead Acid Battery by Segment

The study includes a forecast for the global automotive lead acid battery by product, type, customer segment, end use industry, and region

Automotive Lead Acid Battery Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• SLI Batteries (Starting, Lighting, and Ignition)
• Micro Hybrid Batteries

Automotive Lead Acid Battery Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries

Automotive Lead Acid Battery Market by Customer Segment [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket

Automotive Lead Acid Battery Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light & Heavy Commercial Vehicles
• Two Wheelers
• Three Wheelers

Automotive Lead Acid Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Lead Acid Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive lead acid battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive lead acid battery companies profiled in this report include-

• Camel Group
• C&D Technologies
• Clarios
• CSB Energy Technology
• East Penn Manufacturing
• Enersys
• Exide Industries
• Exide Technologies
• GS Yuasa Corporation
• Koyo Battery

Automotive Lead Acid Battery Market Insights

Lucintel forecast that SLI batteries will remain the larger segment over the forecast period due to its increasing adoption in passenger cars, commercial vehicles, and motorcycles.

Within this market, passenger cars will remain the largest segment over the forecast period due to growth in disposable income, improved affordability of passenger cars, and increasing demand for vehicles in emerging nations.

APAC will remain the largest region over the forecast period due to presence of robust automotive manufacturing ecosystem, rapid urbanization and industrialization, as well as increasing need for commercial vehicles in this region.

Features of the Global Automotive Lead Acid Battery Market

Market Size Estimates: Automotive lead acid battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive lead acid battery market size by various segments, such as by product, type, customer segment, end use industry, and region in terms of value ($B).

Regional Analysis: Automotive lead acid battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, types, customer segments, end use industries, and regions for the automotive lead acid battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive lead acid battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the automotive lead acid battery market size?

Answer: The global automotive lead acid battery market is expected to reach an estimated $34.7 billion by 2030.

Q.2 What is the growth forecast for automotive lead acid battery market?

Answer: The global automotive lead acid battery market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the automotive lead acid battery market?

Answer: The major drivers for this market are growing adoption of electric and hybrid vehicles, rising government regulations and initiatives to promote sustainable transportation and environmental conservation, and on-going development in battery technology and manufacturing processes.

Q4. What are the major segments for automotive lead acid battery market?

Answer: The future of the automotive lead acid battery market looks promising with opportunities in the passenger car, light & heavy commercial vehicle, two wheeler, and three wheeler markets.

Q5. Who are the key automotive lead acid battery market companies?

Answer: Some of the key automotive lead acid battery companies are as follows:

• Camel Group
• C&D Technologies
• Clarios
• CSB Energy Technology
• East Penn Manufacturing
• EnerSys
• Exide Industries
• Exide Technologies
• GS Yuasa Corporation
• Koyo Battery

Q6. Which automotive lead acid battery market segment will be the largest in future?

Answer: Lucintel forecast that SLI batteries will remain the larger segment over the forecast period due to its increasing adoption in passenger cars, commercial vehicles, and motorcycles.

Q7. In automotive lead acid battery market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to presence of robust automotive manufacturing ecosystem, rapid urbanization and industrialization, as well as increasing need for commercial vehicles in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive lead acid battery market by product (SLI batteries (starting, lighting, and ignition) and micro hybrid batteries), type (flooded batteries, enhanced flooded batteries, and VRLA batteries), customer segment (OEM and aftermarket), end use industry (passenger cars, light & heavy commercial vehicles, two wheelers, and three wheelers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?