Global Automotive Lead Acid Battery Market Size, Share and Trends Analysis Report, By Product (SLI and Micro-Hybrid Batteries), By Type (Flooded, Enhanced Flooded, and VRLA), By End-User (Passenger Vehicles and Commercial Vehicles), and By Sales Channel (OEM and Aftermarket) Forecast Period (2022-2028)

The global automotive lead-acid battery market is anticipated to grow at a CAGR of 3.2 % during the forecast period (2022-2028). Lithium-ion batteries are expected to see significant growth in the future, due to the growing demand for electricity storage in electric vehicles. The batteries are lightweight and compact, making them the strongest competitors in the battery-powered market. In addition, lithium-ion batteries that use non-liquid electrolytes provide higher performance compared to lead-acid batteries and sodium-sulfur batteries, which use liquid electrolytes. The benefits associated with lithium-ion batteries is expected to disrupt the market growth of lead-acid batteries.

The growing market for ventilation or zero-emitting batteries is driven by the use of hybrids and electric vehicles to increase air quality and address environmental issues such as carbon emissions increasing the demand for lead-acid batteries. Due to the rapid depletion of fossil fuels, lead-acid batteries are more widely used. Government regulations on greenhouse gas emissions for cars have prohibited the sale of vehicles that emit more pollutants. It is a key factor in driving the global automotive lead-acid batteries market during the forecast period.

In addition, the battery manufacturers are investing heavily in research and development operations to produce acid-powered, non-corrosive acid batteries for batteries. The provision of competitive pricing and increased user satisfaction with performance is the of R&D operations. Increasing research and development through partnerships or partnerships has helped companies launch new and innovative products in the market. Additionally, the advances in battery technology are well-documented in the market. Customers have options such as floods, upgraded floods, and AGM batteries to choose from. The growing number of vessels on the road and the need to change the battery from time to time is further growing the market during the forecast period.

Some major players in the market include Exide Technologies, GS Yuasa International Ltd., Johnson Controls, Robert Bosch GmbH, and Samsung SDI Company Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2019, EnerSys Inc. announced its plans to increase the capacity of TPPL (Thin Plate Pure Lead) within three years to trade with its Green seal Bi-Polar Battery Technology.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Type
  • By End-User
  • By Sales Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Exide Technologies, GS Yuasa International Ltd., Johnson Controls, Robert Bosch GmbH, and Samsung SDI Company Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Lead Acid Battery Market Report by Segment

By Product

• SLI
• Micro-Hybrid Batteries

By Type

• Flooded
• Enhanced Flooded
• VRLA

By End-User

• Passenger Vehicles
• Commercial Vehicles

By Sales Channel

• OEM
• Aftermarket

Global Automotive Lead Acid Battery Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa