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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.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
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?
For any questions related to automotive lead acid battery market or related to automotive lead acid battery companies, automotive lead acid battery market size, automotive lead acid battery market share, automotive lead acid battery market growth, automotive lead acid battery market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Lead Acid Battery Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Lead Acid Battery Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Lead Acid Battery Market by Product
3.3.1: SLI Batteries (Starting, Lighting, and Ignition)
3.3.2: Micro Hybrid Batteries
3.4: Global Automotive Lead Acid Battery Market by Type
3.4.1: Flooded Batteries
3.4.2: Enhanced Flooded Batteries
3.4.3: VRLA Batteries
3.5: Global Automotive Lead Acid Battery Market by Customer Segment
3.5.1: OEM
3.5.2: Aftermarket
3.6: Global Automotive Lead Acid Battery Market by End Use Industry
3.6.1: Passenger Cars
3.6.2: Light & Heavy Commercial Vehicles
3.6.3: Two Wheelers
3.6.4: Three Wheelers
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Lead Acid Battery Market by Region
4.2: North American Automotive Lead Acid Battery Market
4.2.1: North American Automotive Lead Acid Battery Market by Product: SLI Batteries and Micro Hybrid Batteries
4.2.2: North American Automotive Lead Acid Battery Market by End Use Industry: Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers, and Three Wheelers
4.3: European Automotive Lead Acid Battery Market
4.3.1: European Automotive Lead Acid Battery Market by Product: SLI Batteries and Micro Hybrid Batteries
4.3.2: European Automotive Lead Acid Battery Market by End Use Industry: Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers, and Three Wheelers
4.4: APAC Automotive Lead Acid Battery Market
4.4.1: APAC Automotive Lead Acid Battery Market by Product: SLI Batteries and Micro Hybrid Batteries
4.4.2: APAC Automotive Lead Acid Battery Market by End Use Industry: Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers, and Three Wheelers
4.5: ROW Automotive Lead Acid Battery Market
4.5.1: ROW Automotive Lead Acid Battery Market by Product: SLI Batteries and Micro Hybrid Batteries
4.5.2: ROW Automotive Lead Acid Battery Market by End Use Industry: Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers, and Three Wheelers
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Lead Acid Battery Market by Product
6.1.2: Growth Opportunities for the Global Automotive Lead Acid Battery Market by Type
6.1.3: Growth Opportunities for the Global Automotive Lead Acid Battery Market by Customer Segment
6.1.4: Growth Opportunities for the Global Automotive Lead Acid Battery Market by End Use Industry
6.1.5: Growth Opportunities for the Global Automotive Lead Acid Battery Market Region
6.2: Emerging Trends in the Global Automotive Lead Acid Battery Market
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Lead Acid Battery Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Lead Acid Battery Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Camel Group
7.2: C&D Technologies
7.3: Clarios
7.4: CSB Energy Technology
7.5: East Penn Manufacturing
7.6: EnerSys
7.7: Exide Industries
7.8: Exide Technologies
7.9: GS Yuasa Corporation
7.10: Koyo Battery
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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