IMARC Group’s report titled “Automotive Lead-Acid Battery Market Report by Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars), Product (SLI Batteries, Micro Hybrid Batteries), Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries), Customer Segment (OEM, Replacement), and Region 2024-2032“. The global automotive lead-acid battery market size reached USD 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.
Factors Affecting the Growth of the Automotive Lead Acid Battery Industry:
- Growing Demand for Electric Vehicles (EVs):
The market is primarily driven by the growing demand for electric vehicles (EVs). Moreover, various governments are implementing policies and incentives to encourage the adoption of EVs to reduce greenhouse gas (GHG) emissions and combat climate change, thus contributing to market growth. Besides this, the widespread adoption of lead-acid batteries in hybrid electric vehicles (HEVs) for auxiliary functions such as lighting, ignition, and entertainment systems, alongside the main electric drive battery is influencing the market growth. Along with this, the durability, recyclability, and cost-effectiveness of lead-acid batteries make them suitable for these applications, thus propelling the market growth. Furthermore, lead-acid technology is escalating the demands for hybrid vehicles, ensuring compatibility with regenerative braking systems and providing the necessary power for start-stop functionality, thus creating a positive market outlook.
- Technological Advancements:
Lead-acid batteries are improving in performance, durability, and efficiency. Additionally, manufacturers are innovating with enhanced flooded batteries (EFBs) and absorbent glass mat (AGM) batteries, which can be tailored to modern automotive needs, particularly for vehicles with start-stop systems are contributing to the market growth. Moreover, EFB technology provides improved charge acceptance and greater cycle life compared to traditional flooded lead-acid batteries, making them more suited for vehicles that frequently start and stop, reducing fuel consumption and emissions in the process. Besides this, AGM batteries feature a glass mat separator that absorbs the electrolyte, allowing for a spill-proof design and superior performance under high discharge and recharge cycles, thus accelerating product sales.
- Rising Sales of Commercial Vehicles:
The growing demand for commercial vehicles, such as trucks and buses in emerging economies where urbanization and industrial activities are influencing the market growth. Moreover, the growing automotive lead-acid battery market relies heavily on improved and reliable batteries for their operations, representing another major growth-inducing factor. Along with this, commercial vehicles require batteries that can withstand the rigors of heavy-duty use, including frequent starting, stopping, and powering of onboard electronics and electrical systems resulting in the adoption of automotive lead-acid batteries, thus propelling the market growth. Besides this, manufacturers are producing batteries that meet the power and durability requirements of commercial vehicles and adhere to stringent environmental regulations, thus creating a positive market outlook.
Leading Companies Operating in the Global Automotive Lead Acid Battery Industry:
- C&D Technologies Inc.
- Clarios
- CSB Energy Technology Co. Ltd (Showa Denko K.K.)
- East Penn Manufacturing Company
- EnerSys
- Exide Industries Ltd.
- GS Yuasa Corporation
- Koyo Battery Co., Ltd.
- Leoch International Technology Ltd
- PT. Century Batteries Indonesia
- Robert Bosch GmbH
- Thai Bellco Battery Co. Ltd.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-lead-acid-battery-market/requestsample
Automotive Lead Acid Battery Market Report Segmentation:
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- HEV Cars
Commercial vehicles account for the largest market share in the automotive lead acid battery market due to the rising demand for improved and reliable power sources to support heavy-duty operations.
By Product:
- SLI Batteries
- Micro Hybrid Batteries
SLI batteries represent the largest segment due to their widespread use in starting, lighting, and ignition applications across various vehicle types.
By Type:
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
Flooded batteries dominate the market due to their cost-effectiveness and proven performance in various environmental conditions.
By Customer Segment:
- OEM
- Replacement
OEMs hold the largest market share, as they require a consistent and standardized supply of lead acid batteries for their vehicle production.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Automotive Lead Acid Battery Market Trends:
At present, the increasing focus on sustainable transportation solutions is escalating the demand for electric vehicles. In addition, the widespread adoption of lead-acid batteries in hybrid electric vehicles (HEVs) and mild-hybrid vehicles due to their cost-effectiveness and reliability are influencing the market growth. Moreover, automotive OEMs, battery manufacturers, and technology providers are increasingly forming partnerships and collaborations to innovate and address challenges related to lead-acid battery performance, efficiency, and sustainability. Besides this, the increasing environmental concerns, and growing emphasis on battery recycling and sustainability led to the adoption of lead-acid batteries which are the most recycled consumer products with a well-established recycling infrastructure.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
