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Automotive Lead Acid Battery Market

Automotive Lead Acid Battery Market

Automotive Lead Acid Battery Market Global Industry Assessment & Forecast

# Pages:

175

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0771

Segments Covered
  • By Product SLI Batteries, Micro Hybrid Batteries
  • By Type Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
  • By Customer Segment OEM, Aftermarket
  • By Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 21.35 Billion
Revenue 2028Revenue 2028: 28.24 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.10%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Automotive Lead Acid Battery market was valued at USD 21.35 Billion in 2020 and is projected to reach USD 28.24 Billion by 2028, growing at a CAGR of 4.10%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 28.24 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 4.10%%

Definition And Overview

The lead-acid battery is a storage device for electrical energy. This energy can then be used to power electrical circuits within a vehicle. These types of batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid to convert chemical energy into electrical power. They are generally used in power stations and substations as they have high cell voltage and lower cost. These batteries are highly compatible for motor vehicles in order to supply high current required by automobile starter motors. Most modern car batteries are sealed units which reduce the amount of electrolyte lost when the charging/discharging cycle is taking place. These types of batteries last far longer than those produced even 10-20 years ago.


The global Automotive Lead Acid Battery market was valued at USD 21.35 Billion in 2020 and is projected to reach USD 28.24 Billion by 2028, growing at a CAGR of 4.10%% from 2021 to 2028.

The global Automotive Lead Acid Battery market is segmented into product, application, regions, and countries. The regional segmentation covers current and forecasts demand on the basis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments are analyzed on the basis of current and future trends. The report covers a complete evaluation of the market based on competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 and forecast from 2021 to 2028. 

Yearly Infographics 21.35 Billion 28.24 Billion

COVID-19 Impact Analysis

Outbreak of COVID-19 led various countries impose strict lockdown measures during the initial stages of the pandemic. Numerous companies from different verticals faced challenges due to remote work environments. As a result, companies from various sectors switched to online/virtual platforms to maintain a steady flow in their daily business activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market Insights

The rising vehicle sale across the globe is anticipated to augment the growth of the lead-acid battery market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the lead-acid battery market in the forecast period.

The rising demand for low emission or zero-emission batteries is expected to support the growth of the automotive lead-acid battery market. Due to the rapid depletion of fossil fuels, lead acid batteries are becoming more widely used. Furthermore, implementation of government rules and regulations on greenhouse gas emissions from vehicles has prohibited the sale of automobiles that emit more pollutants. This is the major factor that is driving the demand for automotive lead acid batteries market.

The increasing demand for lithium-ion batteries is expected to hamper the growth of the lead-acid battery market. This is owing to the growing demand for the storage of electricity. These batteries are light weight and compact, which makes them the strongest contenders in the battery energy storage market. Also, lithium-ion batteries use non-aqueous electrolytes that offer high operating voltages compared to lead-acid batteries and these are some factors pulling the growth of market back.

Global Automotive Lead Acid Battery Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product, Type, Customer Segment
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Saft Groupe S.A, Northstar Battery Company LLC, East Penn Manufacturing Company, Robert Bosch GmbH, Johnson Controls Inc, Panasonic Corporation, BAE Batterien GmbH, Triathlon Batteries, Trojan Battery Company, Samsung Sdi Company Limited.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Product  Analysis: Preview

On the basis of Product, the market is segmented into SLI Batteries, Micro Hybrid Batteries. SLI Batteries  held the highest share in 2020 and is expected to grow at a significant rate over the forecast period. This is attributed to the rising demand for the SLI Batteries in developing countries such as China and India. Digitalization in Asia Pacific region has led to a surge in the usage of technology in various business processes over the past few years. Rising adoption of online platforms across various sectors along with analytical solutions, IoT, AI, and Blockchain technology to gain a competitive advantage is also paving the way for the Automotive Lead Acid Battery market growth.

Type Analysis: Preview

Based on Type, the market is segmented into Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries. Flooded Batteries  held the largest share and is projected to grow at a notable CAGR over the coming years. Rising demand for Automotive Lead Acid Battery  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively.

Global Automotive Lead Acid Battery Market: Product Segment Analysis

    • SLI Batteries
    • Micro Hybrid Batteries

Global Automotive Lead Acid Battery Market: Type Segment Analysis

    • Flooded Batteries
    • Enhanced Flooded Batteries
    • VRLA Batteries

Global Automotive Lead Acid Battery Market: Customer Segment Segment Analysis

    • OEM
    • Aftermarket

Global Automotive Lead Acid Battery Market: Segment Analysis

    • Passenger Cars
    • Commercial Vehicles
    • Two-Wheelers
    • HEV Cars

Regional Analysis Preview

On the basis of region, the global Automotive Lead Acid Battery market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held a leading share of the global Automotive Lead Acid Battery market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Automotive Lead Acid Battery Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Automotive Lead Acid Battery market are Saft Groupe S.A, Northstar Battery Company LLC, East Penn Manufacturing Company, Robert Bosch GmbH, Johnson Controls Inc, Panasonic Corporation, BAE Batterien GmbH, Triathlon Batteries, Trojan Battery Company, Samsung Sdi Company Limited.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

Key Highlights – Global Automotive Lead Acid Battery Market

  • Global Automotive Lead Acid Battery Market is projected to reach USD 28.24 Billion by 2028
  • Asia Pacific held the highest share of the Automotive Lead Acid Battery market
  • SLI Batteries held the largest share of the product segment in the Automotive Lead Acid Battery market
  • Flooded Batteries held the major share of the application segment in the Automotive Lead Acid Battery market

FAQ
Frequently Asked Question
  • The global Automotive Lead Acid Battery valued at 21.35 Billion in 2020 and is expected to reach 28.24 Billion in 2028 growing at a CAGR of 4.10%%.

  • The prominent players in the market are Saft Groupe S.A, Northstar Battery Company LLC, East Penn Manufacturing Company, Robert Bosch GmbH, Johnson Controls Inc, Panasonic Corporation, BAE Batterien GmbH, Triathlon Batteries, Trojan Battery Company, Samsung Sdi Company Limited..

  • The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.

  • The driving factors of the Automotive Lead Acid Battery include

    • The rising vehicle sale across the globe is anticipated to augment the growth of the lead-acid battery market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the lead-acid battery market in the forecast period.
    • The rising demand for low emission or zero-emission batteries is expected to support the growth of the automotive lead-acid battery market. Due to the rapid depletion of fossil fuels, lead acid batteries are becoming more widely used. Furthermore, implementation of government rules and regulations on greenhouse gas emissions from vehicles has prohibited the sale of automobiles that emit more pollutants. This is the major factor that is driving the demand for automotive lead acid batteries market.

  • Asia Pacific was the leading regional segment of the Automotive Lead Acid Battery in 2020.