PUBLISHER: The Insight Partners | PRODUCT CODE: 1874071
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874071
Automotive Lead Acid Battery Market
The automotive lead-acid battery market is anticipated to increase from US$ 29.752 Billion in 2024 to US$ 37.11 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 4.6% from 2031 to 2031. A significant trend expected to drive this market is the advancement of technology aimed at enhancing battery durability.
Analysis of the Automotive Lead Acid Battery Market
Lead-acid batteries are generally more affordable compared to other rechargeable battery types. They have a self-discharge rate of approximately 40% annually and perform well in both high and low temperature conditions. The technology behind these batteries is well-established. When utilized correctly, lead-acid batteries can last a long time and deliver dependable performance. They are capable of providing substantial surge currents, making them suitable for applications that require a quick power boost, such as automotive starting batteries. Consequently, the demand for automotive lead-acid batteries is projected to rise throughout the forecast period.
Overview of the Automotive Lead Acid Battery Market
An automotive lead-acid battery is a rechargeable unit that converts electrical energy into chemical energy. It consists of multiple cells connected in series, each containing lead dioxide and sponge lead plates submerged in a sulfuric acid solution. These batteries function effectively across various environmental conditions and offer high cranking power, ensuring sufficient starting current even in extreme temperatures. This capability makes lead-acid batteries a preferred option for vehicles in both cold and hot climates. Therefore, the demand for lead-acid batteries is expected to increase during the forecast period.
Drivers and Opportunities in the Automotive Lead Acid Battery Market
Recyclability of Lead Acid Batteries Compared to Lithium-Ion Batteries to Support Market Growth
The recycling of batteries involves the careful extraction and neutralization of sulfuric acid from used batteries, which helps prevent the release of hazardous sulfuric acid into the environment, thereby reducing the risk of soil and water contamination. While lithium-ion batteries do not contain toxic substances, lead-acid batteries do. Both types of batteries are recyclable, but lead-acid batteries are generally easier to recycle in many regions worldwide. Approximately 95% of the materials in lead-acid batteries can be recycled, making them an environmentally friendly option. As a result, the demand for lead-acid batteries is expected to grow during the forecast period.
Rising Sales of Passenger Cars and Light Commercial Vehicles
According to a report from the Economic Times, passenger car sales in India reached a record high of 42,18,746 units in the fiscal year 2024-24. Additionally, the China Association of Automobile Manufacturers reported that China's commercial vehicle exports hit 74,000 units in January 2024. Lead-acid batteries are commonly used for starting, lighting, and ignition (SLI) in vehicles. Therefore, the increasing sales of passenger and light commercial vehicles are expected to enhance the demand for lead-acid batteries during the forecast period.
Segmentation Analysis of the Automotive Lead Acid Battery Market
The primary segments that contributed to the analysis of the automotive lead-acid battery market include product type and end-user categories.
- The market is categorized by product into SLI and micro-hybrid batteries.
- By type, the market is divided into flooded, enhanced flooded, and VRLA batteries.
- In terms of end-users, the market is segmented into passenger cars, light commercial vehicles (LCVs), medium commercial vehicles (MCVs), and heavy commercial vehicles (HCVs).
- In 2024, the SLI segment held a significant share of the market, as SLI batteries are widely utilized in various vehicles.
Geographical Market Share Analysis of Automotive Lead Acid Batteries
The market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America.
Europe's strong presence in automotive innovation and environmental initiatives significantly influences the automotive lead-acid battery market. Germany, the United Kingdom, and France are expected to be key players in the European automotive lead-acid battery sector. Conversely, the Asia-Pacific region is projected to be the most lucrative market during the forecast period due to the expansion of the automotive industry in that area.
Scope of the Automotive Lead Acid Battery Market Report
Recent Developments in the Automotive Lead Acid Battery Market
The automotive lead-acid battery market assessment is based on qualitative and quantitative data collected from primary and secondary research, including significant corporate publications, association data, and databases. Some recent developments in the automotive lead-acid battery sector include:
- GS Yuasa Corporation announced that Tata AutoComp GY Batteries Private Ltd. ("TGY"), an equity-method affiliate of GS Yuasa International Ltd., aims to double its annual production capacity for motorcycle lead-acid batteries to 8.4 million units. Additionally, TGY plans to enhance its production of automotive lead-acid batteries, focusing on high-performance batteries for environmentally friendly vehicles, such as start-stop vehicles, which are expected to see continued demand in the coming years. (Source: GS Yuasa Corporation, Press Release, December 2021)
Coverage and Deliverables of the Automotive Lead Acid Battery Market Report
The forecast for the automotive lead-acid battery market is derived from various secondary and primary research findings, including key company publications, association data, and databases. The report "Automotive Lead Acid Battery Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:
- Market size and forecast for automotive lead-acid batteries at global, regional, and country levels for all key segments.
- Market trends and dynamics, including drivers, restraints, and key opportunities.
- In-depth PEST/Porter's Five Forces and SWOT analysis.
- Analysis of key market trends, global and regional frameworks, major players, regulations, and recent developments in the automotive lead-acid battery market.
- Industry landscape and competitive analysis, including market concentration, heat map analysis, prominent players, and recent developments in the automotive lead-acid battery market.
- Detailed profiles of key companies in the industry.
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Automotive Lead Acid Battery Market Landscape
- 4.1 Market Overview
- 4.2 PEST Analysis
- 4.2.1 North America and PEST Analysis
- 4.2.2 Europe and PEST Analysis
- 4.2.3 Asia-Pacific and PEST Analysis
- 4.2.4 Middle East and Africa and PEST Analysis
- 4.2.5 South America and PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
5. Automotive Lead Acid Battery Market and Key Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Rising Adoption Rate of Mild Hybrid Vehicles
- 5.1.2 Booming Production of Cars and Commercial Vehicles
- 5.2 Key Market Restraints
- 5.2.1 Adoption of Electric Vehicles Globally
- 5.3 Key Market Opportunities
- 5.3.1-volt lead-acid battery will evolve future of vehicle technology
- 5.4 Future Trends
- 5.4.1 Advent of BSVI-Compliant Vehicles
- 5.5 Impact Analysis of Drivers and Restraints
6. Automotive Lead Acid Battery Market and Global Analysis
- 6.1 Automotive Lead Acid Battery Market Global Overview
- 6.2 Automotive Lead Acid Battery Market and Global Revenue and Forecasts to 2031 (US$ Million)
- 6.3 Market Positioning and Five Key Players
7. Automotive Lead Acid Batteries Market Analysis and By Product
- 7.1 Overview
- 7.2 Automotive Lead Acid Batteries Market, By Product (2020 and 2031)
- 7.3 SLI
- 7.3.1 Overview
- 7.3.2 SLI: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 7.4 Micro Hybrid batteries
- 7.4.1 Overview
- 7.4.2 Micro hybrid batteries: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
8. Automotive Lead Acid Batteries Market and By Type
- 8.1 Overview
- 8.2 Automotive Lead Acid Batteries Market, by Type (2020 and 2031)
- 8.3 Flooded
- 8.3.1 Overview
- 8.3.2 Flooded: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 8.4 Enhanced Flooded
- 8.4.1 Overview
- 8.4.2 Enhanced Flooded: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 8.5 VRLA
- 8.5.1 Overview
- 8.5.2 VRLA: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
9. Automotive Lead Acid Batteries Market and By End-User
- 9.1 Overview
- 9.2 Automotive Lead Acid Batteries Market, by End-User (2020 and 2031)
- 9.3 PASSENGER CAR
- 9.3.1 Overview
- 9.3.2 PASSENGER CAR: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 9.4 LCV
- 9.4.1 Overview
- 9.4.2 LCV: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 9.5 MCV AND HCV
- 9.5.1 Overview
- 9.5.2 MCV AND HCV: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
10. Automotive Lead Acid Battery Market and Geographic Analysis
- 10.1 Overview
- 10.2 North America: Automotive Lead Acid Batteries Market
- 10.2.1 North America: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.2 North America: Automotive Lead Acid Batteries Market- by Product
- 10.2.3 North America: Automotive Lead Acid Batteries Market- By Type
- 10.2.4 North America: Automotive Lead Acid Batteries Market- By End-user
- 10.2.5 North America: Automotive Lead Acid Batteries Market- by Key Country
- 10.2.5.1 US: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.5.1.1 US: Automotive Lead Acid Batteries Market- by Product
- 10.2.5.1.2 US: Automotive Lead Acid Batteries Market- By Type
- 10.2.5.1.3 US: Automotive Lead Acid Batteries Market- By End-user
- 10.2.5.2 Canada: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.5.2.1 Canada: Automotive Lead Acid Batteries Market- by Product
- 10.2.5.2.2 Canada: Automotive Lead Acid Batteries Market- By Type
- 10.2.5.2.3 Canada: Automotive Lead Acid Batteries Market- By End-user
- 10.2.5.3 Mexico: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.2.5.3.1 Mexico: Automotive Lead Acid Batteries Market- by Product
- 10.2.5.3.2 Mexico: Automotive Lead Acid Batteries Market- By Type
- 10.2.5.3.3 Mexico: Automotive Lead Acid Batteries Market- By End-user
- 10.2.5.1 US: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3 Europe: Automotive Lead Acid Batteries Market
- 10.3.1 Europe: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.2 Europe: Automotive Lead Acid Batteries Market- by Product
- 10.3.3 Europe: Automotive Lead Acid Batteries Market- By Type
- 10.3.4 Europe: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5 Europe: Automotive Lead Acid Batteries Market- by Key Country
- 10.3.5.1 Germany: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.1.1 Germany: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.1.2 Germany: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.1.3 Germany: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.2 France: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.2.1 France: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.2.2 France: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.2.3 France: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.3 Italy: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.3.1 Italy: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.3.2 Italy: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.3.3 Italy: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.4 UK: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.4.1 UK: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.4.2 UK: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.4.3 UK: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.5 Russia: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.5.1 Russia: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.5.2 Russia: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.5.3 Russia: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.6 Rest of Europe: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.3.5.6.1 Rest of Europe: Automotive Lead Acid Batteries Market- by Product
- 10.3.5.6.2 Rest of Europe: Automotive Lead Acid Batteries Market- By Type
- 10.3.5.6.3 Rest of Europe: Automotive Lead Acid Batteries Market- By End-user
- 10.3.5.1 Germany: Automotive Lead Acid Batteries Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4 APAC: Automotive Lead Acid Battery Market
- 10.4.1 APAC: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.2 APAC: Automotive Lead Acid Battery Market- by Product
- 10.4.3 APAC: Automotive Lead Acid Battery Market- By Type
- 10.4.4 APAC: Automotive Lead Acid Battery Market- By End-user
- 10.4.5 APAC: Automotive Lead Acid Battery Market- by Key Country
- 10.4.5.1 China: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.5.1.1 China: Automotive Lead Acid Battery Market- by Product
- 10.4.5.1.2 China: Automotive Lead Acid Battery Market- By Type
- 10.4.5.1.3 China: Automotive Lead Acid Battery Market- By End-user
- 10.4.5.2 India: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.5.2.1 India: Automotive Lead Acid Battery Market- by Product
- 10.4.5.2.2 India: Automotive Lead Acid Battery Market- By Type
- 10.4.5.2.3 India: Automotive Lead Acid Battery Market- By End-user
- 10.4.5.3 Japan: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.5.3.1 Japan: Automotive Lead Acid Battery Market- by Product
- 10.4.5.3.2 Japan: Automotive Lead Acid Battery Market- By Type
- 10.4.5.3.3 Japan: Automotive Lead Acid Battery Market- By End-user
- 10.4.5.4 South Korea: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.5.4.1 South Korea: Automotive Lead Acid Battery Market- by Product
- 10.4.5.4.2 South Korea: Automotive Lead Acid Battery Market- By Type
- 10.4.5.4.3 South Korea: Automotive Lead Acid Battery Market- By End-user
- 10.4.5.5 Rest of APAC: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.4.5.5.1 Rest of APAC: Automotive Lead Acid Battery Market- by Product
- 10.4.5.5.2 Rest of APAC: Automotive Lead Acid Battery Market- By Type
- 10.4.5.5.3 Rest of APAC: Automotive Lead Acid Battery Market- By End-user
- 10.4.5.1 China: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5 MEA: Automotive Lead Acid Battery Market
- 10.5.1 MEA: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5.2 MEA: Automotive Lead Acid Battery Market- by Product
- 10.5.3 MEA: Automotive Lead Acid Battery Market- By Type
- 10.5.4 MEA: Automotive Lead Acid Battery Market- By End-user
- 10.5.5 MEA: Automotive Lead Acid Battery Market- by Key Country
- 10.5.5.1 South Africa: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5.5.1.1 South Africa: Automotive Lead Acid Battery Market- by Product
- 10.5.5.1.2 South Africa: Automotive Lead Acid Battery Market- By Type
- 10.5.5.1.3 South Africa: Automotive Lead Acid Battery Market- By End-user
- 10.5.5.2 Rest of MEA: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.5.5.2.1 Rest of MEA: Automotive Lead Acid Battery Market- by Product
- 10.5.5.2.2 Rest of MEA: Automotive Lead Acid Battery Market- By Type
- 10.5.5.2.3 Rest of MEA: Automotive Lead Acid Battery Market- By End-user
- 10.5.5.1 South Africa: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6 SAM: Automotive Lead Acid Battery Market
- 10.6.1 SAM: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.2 SAM: Automotive Lead Acid Battery Market- by Product
- 10.6.3 SAM: Automotive Lead Acid Battery Market- By Type
- 10.6.4 SAM: Automotive Lead Acid Battery Market- By End-user
- 10.6.5 SAM: Automotive Lead Acid Battery Market- by Key Country
- 10.6.5.1 Brazil: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.5.1.1 Brazil: Automotive Lead Acid Battery Market- by Product
- 10.6.5.1.2 Brazil: Automotive Lead Acid Battery Market- By Type
- 10.6.5.1.3 Brazil: Automotive Lead Acid Battery Market- By End-user
- 10.6.5.2 Argentina: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.5.2.1 Argentina: Automotive Lead Acid Battery Market- by Product
- 10.6.5.2.2 Argentina: Automotive Lead Acid Battery Market- By Type
- 10.6.5.2.3 Argentina: Automotive Lead Acid Battery Market- By End-user
- 10.6.5.3 Rest of SAM: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
- 10.6.5.3.1 Rest of SAM: Automotive Lead Acid Battery Market- by Product
- 10.6.5.3.2 Rest of SAM: Automotive Lead Acid Battery Market- By Type
- 10.6.5.3.3 Rest of SAM: Automotive Lead Acid Battery Market- By End-user
- 10.6.5.1 Brazil: Automotive Lead Acid Battery Market and Revenue and Forecasts to 2031 (US$ Million)
11. Automotive Lead Acid Battery Market- COVID-19 Impact Analysis
- 11.1 Overview
- 11.2 North America
- 11.3 Europe
- 11.4 Asia Pacific
- 11.5 Middle East and Africa
- 11.6 South America
12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.3 New Product Development
13. Company Profiles
- 13.1 Clarios
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 CSB Energy Technology Co., Ltd.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 EnerSys
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 East Penn Manufacturing Company
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Exide Industries Limited
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 GS Yuasa International Ltd.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Johnson Controls, Inc.
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 leoch International Technology Limited Inc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
- 13.9 Panasonic Corporation
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
- 13.10 KOYO BATTERY CO., LTD.
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Word Index
