Global Automotive Lead Acid Battery Market Size, Share and Trends Analysis Report, By Product (SLI (Starting, Lighting, and Ignition) and Micro-Hybrid Battery), By Type (Flooded, Enhanced Flooded, and Valve-Regulated Lead Acid (VRLA)), By Customer Segment (Original Equipment Manufacturers ((OEMs) and Aftermarket), By Application (Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, and Three-Wheeler), Forecast (2022-2028)

The global automotive lead acid battery market is anticipated to grow at a significant CAGR of 2.5% during the forecast period (2022-2028). The major factor expected to drive the market growth is the significant demand for vehicles, low cost of lead, and supportive global initiatives to eliminate carbon emissions. In addition, the rise in vehicle production, the development of advanced & maintenance-free batteries, and electronic application in vehicles along with the rise in demand for electric vehicles, and stringent government regulations regarding fuel emission are some factors that propel the growth of the global automotive lead acid battery market during the forecast period. Furthermore, to reduce crude oil consumption, automotive emissions, and air pollution, government authorities across the globe have adopted and implemented favorable policies to promote electric vehicles that is expected to drive the market during the forecast period.

 

Some major players in the market include Panasonic Corp., Exide Technologies Inc., and EnerSys Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2021, Amara Raja Batteries a part of Amara Raja Group announced that the company plans to invest about $1 billion toward CAPEX for both organic and inorganic growth in the next 5-7 years. Further, the company added that the investment has resulted as the battery maker would be focusing more on the new-age energy storage systems, such as lithium-ion technology which led to the growth of the global automotive lead acid battery market.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Type
  • By Customer Segment
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

• Competitive Landscape- Panasonic Corp., Exide Technologies Inc., and EnerSys Inc., 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 Type

• SLI (Starting, Lighting, and Ignition)
• Micro-Hybrid Batteries

By Type

• Flooded
• Enhanced Flooded
• Valve-Regulated Lead Acid (VRLA)

By Customer Segment

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Application

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Two-Wheeler
• Three-Wheeler

 

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