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Global Automotive Lead-Acid Battery Market: By Vehicle Type; By Product; By Type; By Customer Segment; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Manufacturing Process; Competitive Landscape; Industry Events and Developments

Global Automotive lead-acid battery Market Outlook

The global automotive lead-acid battery market attained a value of USD 12.4 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 3.2% to reach USD 15.5 billion by 2025. 

Based on the vehicle type, the passenger car segment is expected to dominate the market in 2019, owing to the rising application of automotive lead-acid batteries in passenger cars. On the basis of product, the SLI battery accounted for the largest market share in 2019 and is anticipated to retain its dominance over the forecast period. Based on the types, the flooded batteries held the majority of the market share in 2019, followed by enhanced flooded batteries and VRLA batteries. Based on the customer segment, the market has been bifurcated into OEM and replacement. OEM currently represents the leading segment. Geographically, the Asia Pacific region held the major market share in 2019, followed by North America and Europe.

 

Properties and Applications 

A lead-acid battery is made up of lead and lead oxide plates, immersed in a sulphuric acid solution. It transforms chemical energy into electrical power during the discharge cycle. These batteries have a significant use in automobiles for starting, lighting, and ignition (SLI) purposes. It also supplies voltage to vehicle accessories such as air conditioners, radio, music players, wipers, and charging plugs. Furthermore, the growing demand for pollution-free electric vehicles along with technological advancements is estimated to fuel the demand for lead-acid battery over the upcoming years. The automotive industry has estimated that lead-acid batteries are the only technology capable of providing high power, which is essential to start conventional combustion (ICE) engines. 

The industry can be broadly categorised on the basis of its vehicle type segment into:

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

The major product types in the global automotive lead-acid battery market are:

  • SLI Batteries
  • Micro Hybrid Batteries

The industry can be segmented based on its type into:

  • Flooded Batteries
  • Enhanced Flooded Batteries
  • VRLA Batteries

The industry can be broadly segregated on the basis of its customer segment into:

  • OEM
  • Replacement

The EMR report looks into the regional markets like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Market Analysis 

The growing sales of automobile are the prime factor driving the market growth, particularly in emerging economies such as the Asia Pacific and the Middle East. These batteries are cost-effective and are easy to recharge; thus, they are preferred by automotive manufacturers for use in start-stop systems. In addition, the surging demand for electric vehicles and e-bikes, for improving living standards and inflating income levels, are the other major factors impacting the sales of lead-acid batteries. Moreover, increasing research and development activities by the automobile industry to enhance the efficiency of the battery is further anticipated to foster the market growth over the forecast period. Also, they possess many advantages such as high current delivery, tolerance to overcharging, resistance to corrosion and abrasion, and low internal impedance, which makes them appropriate to be used in electric vehicles, further propelling the growth of the market.

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global automotive lead-acid battery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Exide Technologies Inc. GS Yuasa International Ltd
  • Panasonic Corporation
  • Leoch International Technology Limited Inc
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Automotive Lead-Acid Battery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Lead-Acid Battery Historical Market (2015-2019) 
    8.3    Global Automotive Lead-Acid Battery Market Forecast (2020-2025)
    8.4    Global Automotive Lead-Acid Battery Market by Vehicle Type
        8.4.1    Passenger Cars  
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Commercial Vehicles 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Two-Wheelers  
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    HEV Cars 
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
    8.5    Global Automotive Lead-Acid Battery Market by Product
        8.5.1    SLI Batteries  
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Micro Hybrid Batteries 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
    8.6    Global Automotive Lead-Acid Battery Market by Type
        8.6.1    Flooded Batteries    
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Enhanced Flooded Batteries  
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    VRLA Batteries  
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
    8.7    Global Automotive Lead-Acid Battery Market by Customer Segment
        8.7.1    OEM  
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Replacement 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
    8.8    Global Automotive Lead-Acid Battery Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process

    12.1    Detailed Process Flow
    12.2    Operations Involved
    12.3    Mass Balance
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players’ Market Share
    13.3    Company Profiles
        13.3.1    Exide Technologies Inc.  
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    GS Yuasa International Ltd
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Panasonic Corporation
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Leoch International Technology Limited Inc
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Automotive Lead-Acid Battery Market: Key Industry Highlights, 2015 and 2025
2.    Global Automotive Lead-Acid Battery Historical Market: Breakup by Vehicle Type (USD Billion), 2015-2019
3.    Global Automotive Lead-Acid Battery Market Forecast: Breakup by Vehicle Type (USD Billion), 2020-2025
4.    Global Automotive Lead-Acid Battery Historical Market: Breakup by Product (USD Billion), 2015-2019
5.    Global Automotive Lead-Acid Battery Market Forecast: Breakup by Product (USD Billion), 2020-2025
6.    Global Automotive Lead-Acid Battery Historical Market: Breakup by Type (USD Billion), 2015-2019
7.    Global Automotive Lead-Acid Battery Market Forecast: Breakup by Type (USD Billion), 2020-2025
8.    Global Automotive Lead-Acid Battery Historical Market: Breakup by Customer Segment (USD Billion), 2015-2019
9.    Global Automotive Lead-Acid Battery Market Forecast: Breakup by Customer Segment (USD Billion), 2020-2025
10.    Global Automotive Lead-Acid Battery Historical Market: Breakup by Region (USD Billion), 2015-2019
11.    Global Automotive Lead-Acid Battery Market Forecast: Breakup by Region (USD Billion), 2020-2025
12.    North America Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    North America Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Europe Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Europe Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Asia Pacific Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Asia Pacific Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Latin America Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2015-2019
19.    Latin America Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2020-2025
20.    Middle East and Africa Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2015-2019
21.    Middle East and Africa Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2020-2025
22.    Global Automotive Lead-Acid Battery Market Structure

Key Questions Answered in the Report

In 2019, the global automotive lead-acid battery market attained a value of nearly USD 12.4 billion.

The market is projected to grow at a CAGR of 3.2% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 15.5 billion by 2025.

The major drivers of the industry, such as the growing demand and sales of vehicles, rising disposable incomes, cost-effective, and easy rechargeable nature of these batteries are expected to aid the market growth.

The key market trend guiding the growth of the automotive lead-acid battery market includes the increasing demand for pollution-free electric vehicles owing to the growing environmental concern and rapid technological advancements.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share in the market.

The passenger car segment is the leading vehicle type of automotive lead-acid battery in the industry.

The SLI battery is the leading product-type in the industry.

The flooded batteries segment is the most preferred type in the industry.

The customer segment in the industry is led by OEM sector.

The major players in the industry are Exide Technologies Inc., GS Yuasa International Ltd, Panasonic Corporation, and Leoch International Technology Limited Inc, among others.

Analyst Review

The global automotive lead-acid battery market attained a value of USD 12.4 billion in 2019, driven by the growing sales of cars and other automobiles. Aided by the increased demand for electric vehicles and growing technological advancements, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.2%. The automotive lead-acid battery market is projected to reach USD 15.5 billion by 2025. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vehicle types, the automotive lead-acid battery industry can be segmented into passenger cars, commercial vehicles, two-wheelers, and HEV cars, with passenger cars accounting for the largest market share. On the basis of product, the SLI battery segment accounts for the leading share in the industry. On the basis of type, the flooded batteries segment leads the overall market. Based on customer segment, the industry is divided into OEM and replacement segments, with the OEM segment dominating the total market share. The major regional markets for automotive lead-acid battery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Exide Technologies Inc., GS Yuasa International Ltd, Panasonic Corporation, and Leoch International Technology Limited Inc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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