Global Automotive Lead Acid Battery Market Growth, Size, Trends Analysis - By Battery Type, By Vehicle Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Global Automotive Lead Acid Battery Market Introduction and Overview

According to SPER Market Research, the Global Automotive Lead Acid Battery Market is estimated to reach USD 57.5 billion by 2034 with a CAGR of 8.62%.

The report includes an in-depth analysis of the Global Automotive Lead Acid Battery Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for lead-acid batteries in the automotive sector was valued at approximately USD 25.15 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.62% from 2025 to 2034. This market is experiencing consistent growth, fueled by the ongoing demand for dependable and economical energy storage solutions in traditional vehicles, especially within the passenger car and commercial vehicle categories.

By Battery Type Insights

SLI has emerged as the predominant segment for battery types, holding the largest market share in 2024, and is anticipated to experience significant growth throughout the forecast period. This leading position is due to its extensive application in traditional internal combustion engine (ICE) vehicles. These batteries play a crucial role in powering essential vehicle functions, including engine ignition, lighting systems, and various electrical components. Their long-established presence in the automotive sector, along with their cost-effectiveness and proven reliability, positions SLI batteries as the preferred option for both automakers and vehicle owners, particularly in areas with a high density of ICE vehicles.

By Vehicle Type Insights

Passenger cars have emerged as the largest segment of vehicle types in 2024, propelled by the vast number of passenger vehicles worldwide. The substantial demand for automotive lead-acid batteries in this category is linked to the prevalent use of internal combustion engine (ICE) vehicles, which depend on lead-acid batteries for starting, lighting, and ignition (SLI) functionalities. The affordability, dependability, and well-established supply chains for lead-acid batteries further reinforce their dominance in passenger cars, particularly in regions with extensive vehicle fleets such as Asia Pacific, Europe, and North America.

By Indication Insights

The market is divided into segments based on specific conditions such as autoimmune/inflammation, pain management, oncology, CNS conditions, diabetes, obesity, and others. The oncology segment led the global in vivo CRO market and represented a significant revenue share in 2024. Mouse models are preferred for human cancer research in in vivo studies due to their similar traits to humans. Mice share many key genetic and anatomical features with humans, particularly RNI-like genes, which are over 80% similar to human genes. The most common models for tumor research are immunodeficient and immunocompetent mice with xenografted or syngeneic tumors. These aspects contribute to the segment's leading share.

Regional Insights

The Asia Pacific region led the market, capturing the largest share of revenue in 2024, and is expected to maintain this leadership throughout the forecast period. This dominance is mainly due to the region's extensive automotive industry, significant vehicle production, and rapidly expanding vehicle fleets, particularly in nations such as China, India, and Japan. Additionally, the strong demand for affordable lead-acid batteries in both new vehicles and the replacement market further enhances the region's leading position.

Market Competitive Landscape

The global market is characterized by consolidation, with a limited number of major players holding a significant share. These key companies primarily serve sectors including passenger vehicles, commercial vehicles, and aftermarket services. They are focused on both organic and inorganic growth strategies to enhance their market presence and stimulate growth, which includes technological advancements, partnerships, mergers and acquisitions, and the expansion of manufacturing capabilities. Moreover, investments in the development of advanced lead-acid battery technologies, such as Absorbent Glass Mat (AGM) and Enhanced Flooded Battery (EFB), are enabling these companies to address the changing demands of the automotive sector.

Recent Developments:

July 2024: Exide, a manufacturer of batteries and accessories for various applications, including automotive, power, telecommunications, and more, has launched a lead-acid battery utilizing advanced Absorbent Glass Mat (AGM) technology for starting, light, and ignition (SLI) applications.

April 2024: GS Yuasa Corporation, a Japan-based manufacturer and seller of batteries, power systems, and other electrical equipment, has announced the launch of sales for the ECO.R HV auxiliary VRLA battery series designed for Toyota hybrid vehicles.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Battery Type, By Vehicle Type

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered Camel Group Co., Ltd, C&D Technologies Inc, Clarios, CSB Energy Technology Co. Ltd, East Penn Manufacturing Company, EnerSys, Exide Industries Ltd, Exide Technologies, GS Yuasa Corporation, Koyo Battery Co, Ltd.

Key Topics Covered in the Report

Global Automotive Lead Acid Battery Market Size (FY'2021-FY'2034)

Overview of Global Automotive Lead Acid Battery Market

Segmentation of Global Automotive Lead Acid Battery Market By Battery Type (Flooded, SLI, Absorbent Glass Mat, Enhanced Flooded Battery)

Segmentation of Global Automotive Lead Acid Battery Market By Vehicle Type (Passenger cars, Light and heavy commercial vehicles)

Statistical Snap of Global Automotive Lead Acid Battery Market

Expansion Analysis of Global Automotive Lead Acid Battery Market

Problems and Obstacles in Global Automotive Lead Acid Battery Market

Competitive Landscape in the Global Automotive Lead Acid Battery Market

Details on Current Investment in Global Automotive Lead Acid Battery Market

Competitive Analysis of Global Automotive Lead Acid Battery Market

Prominent Players in the Global Automotive Lead Acid Battery Market

SWOT Analysis of Global Automotive Lead Acid Battery Market

Global Automotive Lead Acid Battery Market Future Outlook and Projections (FY'2025-FY'2034)

Recommendations from Analyst