Automotive Lead Acid Battery Market

Automotive Lead Acid Battery Market by Product (SLI Batteries, Micro Hybrid Batteries) by Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries) by Customer Segment (OEM, Aftermarket) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Lead Acid Battery in terms of revenue?

    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%%

  • Which are the prominent players in the market?

    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..

  • At what CAGR is the market projected to grow within the forecast period?

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

  • What are the driving factors fueling the growth of the market.

    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.

  • Which region accounted for the largest share in the market?

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

Request Sample Buy Now