Top 4 Companies Leading the Global Automotive Lead-Acid Battery Market

The global automotive lead-acid battery market is expected to grow at a CAGR of about 3.2 % in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the key driving factor for the market is expected to be the growing applications of automotive lead-acid batteries in passenger cars.

The market is positively driven by certain factors such as the escalating demand for electric vehicles and e-bikes, growing research and development in increasing the efficiency of battery technology, and rising disposable incomes. Furthermore, the advantages of lead-acid batteries such as tolerance to overcharging, high current delivery, anti-corrosive and anti-abrasive properties, and low internal impedance is boosting the demand globally.

Exide Technologies in 2021 installed lead-acid batteries at its Portuguese battery production facility in Castanheira do Ribatejo for reducing the emission of the plant and offering greater control on consumption of energy. In December 2021, GS Yuasa Corporation announced that its India-based affiliate is targeting doubling the annual production capacity for lead-acid batteries for motorcycles. The affiliate, Tata AutoComp GY Batteries Private Limited is expected to increase the capacity to 8.4 million units.

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Top 4 Automotive lead-acid Battery Companies in the World:

Exide Technologies Inc.

Exide Technologies Inc. is an American company that develops, manufactures, and distributes lead-acid batteries for industrial and transportation applications. The company is one of the largest secondary recyclers and provides total battery management. It collaborates with the Consortium for Battery Innovation (CBI) for research and development in lead-acid batteries. Exide Technologies Inc. has R&D facilities in Azuqueca, Spain and Budingen, Germany, for producing innovative solutions.

GS Yuasa International Ltd

GS Yuasa International Ltd is a Japanese company engaged in manufacturing and distributing automotive batteries, power supply systems, industrial batteries, lighting equipment, switchgear, ultraviolet systems and other electrical equipment globally. The company owns multiple domestic and international groups of companies for marketing its products in Japan, the United States, United Kingdom, Turkey, Hungary, China, Taiwan, India, and other countries.

Panasonic Corporation

Panasonic Corporation is a Japan-based conglomerate that produces home appliances, as well as car navigation systems, various digital devices, telecommunications, computer peripherals, industrial equipment, and electronic parts. The company operates in appliances, automotive, life solutions, industrial solutions sectors and collaborates with universities and research institutions such as Stanford, Tokyo University, and others worldwide.

Leoch International Technology Limited Inc

Leoch International Technology Limited Inc is a Chinese high-tech enterprise that specialises in research and development, manufacturing, sales, and marketing of batteries. The company is the leading exporter of lead-acid batteries in China and has production facilities in Guangdong, Jiangsu and Anhui of China, Malaysia, Vietnam, Sri Lanka, and India. It provides batteries for telecommunication, energy storage, automobiles, motorcycles, lawnmowers, and motive power, among others. Leoch International Technology Limited Inc has a production capacity of about 20 million KVAh, and its products are distributed in over 100 countries with a workforce of about 10,000 employees.