Automotive Lead Acid Battery Market
Automotive Lead Acid Battery Market Global Industry Assessment & Forecast
#
Pages:
175
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
21.35 Billion |
 Revenue 2028:
|
28.24 Billion |
 Revenue CAGR
(2021 - 2028): |
4.10% |
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
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
FAQ
Frequently Asked Question
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.
