Automotive Lead Acid Battery Market Size & Analysis Report by Type, By Vehicle Type and By Region – Global Opportunities & Forecast, 2021-2028
Automotive Lead Acid Battery Market Size & Analysis Report by Type (Enhanced Flooded Batteries, VRLA Batteries and Flooded Batteries), By Vehicle Type (Passenger Cars, Two Wheelers, Three Wheelers and LCVs/HCVs) and By Region
Automotive Lead Acid Battery Market is accounted for USD 12,500 million in 2020, growing at a robust CAGR of 3.2% during forecast period.
Automotive Lead Acid Battery Market Overview
An automotive lead-acid battery can also be called an SLI battery; it is a rechargeable battery primarily used to ignite a vehicle’s engine and supply power to the automobile. They provide enhanced performance of the vehicle by providing high durability, reliability, and improved efficiency.
To have an edge over the competition by knowing the market dynamics and current trends of “Automotive Lead Acid Battery Market”, request for Sample Report here
Major Automotive Lead Acid Battery Market Drivers
The factors driving the global Automotive Lead Acid Battery Market include a significant increase in the production of hybrid and electric vehicles due to strict emission policies and rising fuel prices. This, in turn, has boosted the demand for lead-acid batteries, thereby supporting the market’s growth. For instance, according to IEA, in 2020, the stock of electric car vehicles hits 10 million, a 43% increase over the previous year. Additionally, these batteries are more reliable in nature as they are shock resistant with highly sealing technology, making them leak-proof. These batteries further have an advantage, like a longer operating cycle over traditional batteries. Thus, these factors will boost the growth of the global automotive lead-acid battery market.
Restraint in the Automotive Lead Acid Battery Market
However, high price of Electric Vehicle is restricting the growth of this market. Moreover, presence of alternative such as lithium battery will further hamper the growth of this market.
Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report
Type – Segment Analysis
Based on the Type, flooded lead-acid batteries are expected to grow at a higher CAGR rate in the automotive lead acid battery market during the forecast period owing to high power backup applications, utility, and grid energy storage. The utilization of these batteries in forklift trucks is increasing widely due to their cost-effective nature.
Vehicle Type – Segment Analysis
Based on the Vehicle Type, passenger cars is projected to grow at a higher CAGR rate in the automotive lead acid battery market during the forecast period to increase in the sale of passenger vehicle, growing availability of affordable mid-sized electric vehicle models, rising transportation needs among others.
In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here
Regional – Segment Analysis:
Based on the region, the Asia Pacific region is expected to grow at a higher CAGR rate in the automotive lead-acid battery market during the forecast period due to growing demand for electric vehicles in China. For instance, according to IEA, in 2020, China accounted for 4.5 million electric cars with the largest fleet in 2020. These lead-acid battery has also been on the upsurge in countries like India. For instance, according to IBEF in 2020, the penetration of two-wheeler is expected to reach by 25-35%, whereas three-wheeler penetration is to be reached by 65-75% by 2030.
Top Market Players
Various notable players operating in the market, include, Johnson Controls., Exide Technologies., GS Yuasa International Ltd., Reem Batteries, ENERSYS., Saft, NorthStar., C&D TECHNOLOGIES, INC., Robert Bosch GmbH, KOYO BATTERY CO., LTD., among others.
Key Developments:
-
- In Aug 2021, Exide Industries Ltd leading battery manufacturer has kicked of its Batmobile doorstep service facility and extended its scope to its range of inverters and inverter batteries under a single umbrella. It was done with aim of making more convenient for the customer’s batteries service issues.
- In July 2020, Robert Bosch GmbH has introduced an Eco Line battery it is a starter batteries range for the commercial vehicles, passenger cars, powered two-wheelers, and recreational vehicles such as motor homes and motorboats.
Segments covered in the Report:
The global Automotive Lead Acid Battery Market has been segmented on the basis of Type, Vehicle Type, and regions. Based on Type, the market is segmented into Enhanced Flooded Batteries, VRLA Batteries and Flooded Batteries. Based on Vehicle Type, the market is segmented into Passenger Cars, Two Wheelers, Three Wheelers and LCVs/HCVs.
For detailed scope of the “Automotive Lead Acid Battery Market” report request a Sample Copy of the report
|
Report Coverage |
Details |
| Market Base Year |
2020 |
| Market Forecast Period |
2021-2028 |
| Market Revenues (2020) |
USD 12,500 Million |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Type, By Vehicle Type, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | Johnson Controls., Exide Technologies., GS Yuasa International Ltd., Reem Batteries, ENERSYS., Saft, NorthStar., C&D TECHNOLOGIES, INC., Robert Bosch GmbH, KOYO BATTERY CO., LTD., among others; a total of 10 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Automotive Lead Acid Battery Market by Type
-
- Enhanced Flooded Batteries
- VRLA Batteries
- Flooded Batteries
Global Automotive Lead Acid Battery Market by Vehicle Type
-
- Passenger Cars
- Two Wheelers
- Three Wheelers
- LCVs/HCVs
Global Automotive Lead Acid Battery Market by Region
-
-
North America Automotive Lead Acid Battery Market (Option 1: As a part of the free 25% customization)
- North America Automotive Lead Acid Battery Market by Type
- North America Automotive Lead Acid Battery Market by Vehicle Type
- US Automotive Lead Acid Battery Market All-Up
- Canada Automotive Lead Acid Battery Market All-Up
-
Europe Automotive Lead Acid Battery Market (Option 2: As a part of the free 25% customization)
- Europe Automotive Lead Acid Battery Market by Type
- Europe Automotive Lead Acid Battery Market by Vehicle Type
- UK Automotive Lead Acid Battery Market All-Up
- Germany Automotive Lead Acid Battery Market All-Up
- France Automotive Lead Acid Battery Market All-Up
- Spain Automotive Lead Acid Battery Market All-Up
- Rest of Europe Automotive Lead Acid Battery Market All-Up
-
Asia-Pacific Automotive Lead Acid Battery Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Automotive Lead Acid Battery Market by Type
- Asia-Pacific Automotive Lead Acid Battery Market by Vehicle Type
- China Automotive Lead Acid Battery Market All-Up
- India Automotive Lead Acid Battery Market All-Up
- Japan Automotive Lead Acid Battery Market All-Up
- Rest of APAC Automotive Lead Acid Battery Market All-Up
-
RoW Automotive Lead Acid Battery Market (Option 4: As a part of the free 25% customization)
- RoW Automotive Lead Acid Battery Market by Type
- RoW Automotive Lead Acid Battery Market by Vehicle Type
- Brazil Automotive Lead Acid Battery Market All-Up
- South Africa Automotive Lead Acid Battery Market All-Up
- Saudi Arabia Automotive Lead Acid Battery Market All-Up
- UAE Automotive Lead Acid Battery Market All-Up
- Rest of world (remaining countries of the LAMEA region) Automotive Lead Acid Battery Market All-Up
-
Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
-
- Johnson Controls.
- Exide Technologies.
- GS Yuasa International Ltd.
- Reem Batteries
- ENERSYS.
- Saft
- NorthStar.
- C&D TECHNOLOGIES, INC.
- Robert Bosch GmbH
- KOYO BATTERY CO., LTD.
Frequently Asked Question About This Report
Automotive Lead Acid Battery Market [UP2478-001001]
The growth rate of Lead Acid Battery Market during forecast period is 3.2%.
Which region expected to grow at higher CAGR during the forecast period in Lead Acid Battery Market?
The Asia Pacific region is expected to grow at a higher CAGR rate in the automotive lead-acid battery market during the forecast period due to growing demand for electric vehicles in China. For instance, according to IEA, in 2020, China accounted for 4.5 million electric cars with the largest fleet in 2020.
The passenger cars are projected to grow at a higher CAGR rate in the automotive lead acid battery market during the forecast period to increase in the sale of passenger vehicle, growing availability of affordable mid-sized electric vehicle models, rising transportation needs among others.
The top players in the Lead Acid Battery Market are, Johnson Controls., Exide Technologies., GS Yuasa International Ltd., Reem Batteries, ENERSYS., Saft, NorthStar., C&D TECHNOLOGIES, INC., Robert Bosch GmbH, KOYO BATTERY CO., LTD., among others.
Why GMI Research
