Reports
Global Automotive Lead-Acid Battery Market: By Vehicle Type; By Product; By Type; By Customer Segment; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; 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 13.21 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 3.90% to reach USD 16.51 billion by 2028.
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Based on the vehicle type, the passenger car segment is expected to dominate the market in 2020, 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 2020 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 2020, 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 2020, 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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Product, Type, Customer Segment, Region |
| Breakup by Vehicle Type | Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars |
| Breakup by Product | SLI Batteries, Micro Hybrid Batteries |
| Breakup by Type | Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries |
| Breakup by Customer Segment | OEM, Replacement |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Exide Technologies Inc., GS Yuasa International Ltd, Panasonic Corporation, Leoch International Technology Limited Inc, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Automotive Lead-Acid Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Lead-Acid Battery Historical Market (2018-2022)
8.3 Global Automotive Lead-Acid Battery Market Forecast (2023-2028)
8.4 Global Automotive Lead-Acid Battery Market by Vehicle Type
8.4.1 Passenger Cars
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Commercial Vehicles
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Two-Wheelers
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 HEV Cars
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Automotive Lead-Acid Battery Market by Product
8.5.1 SLI Batteries
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Micro Hybrid Batteries
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Automotive Lead-Acid Battery Market by Type
8.6.1 Flooded Batteries
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Enhanced Flooded Batteries
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 VRLA Batteries
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Automotive Lead-Acid Battery Market by Customer Segment
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Replacement
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Automotive Lead-Acid Battery Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Automotive Lead-Acid Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Lead-Acid Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Lead-Acid Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Lead- Acid Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Lead-Acid Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Exide Technologies Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 GS Yuasa International Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Panasonic Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Leoch International Technology Limited Inc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Lead-Acid Battery Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Lead-Acid Battery Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3. Global Automotive Lead-Acid Battery Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4. Global Automotive Lead-Acid Battery Historical Market: Breakup by Product (USD Billion), 2018-2022
5. Global Automotive Lead-Acid Battery Market Forecast: Breakup by Product (USD Billion), 2023-2028
6. Global Automotive Lead-Acid Battery Historical Market: Breakup by Type (USD Billion), 2018-2022
7. Global Automotive Lead-Acid Battery Market Forecast: Breakup by Type (USD Billion), 2023-2028
8. Global Automotive Lead-Acid Battery Historical Market: Breakup by Customer Segment (USD Billion), 2018-2022
9. Global Automotive Lead-Acid Battery Market Forecast: Breakup by Customer Segment (USD Billion), 2023-2028
10. Global Automotive Lead-Acid Battery Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Automotive Lead-Acid Battery Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Automotive Lead-Acid Battery Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Automotive Lead-Acid Battery Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Automotive Lead-Acid Battery Market Structure
Key Questions Answered in the Report
In 2022, the global automotive lead-acid battery market attained a value of nearly USD 13.21 billion.
The market is projected to grow at a CAGR of 3.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 16.51 billion by 2028.
The major drivers of the market include growing demand and sales of vehicles, rising disposable incomes, as well as cost-effective, and easy rechargeable nature of the lead-acid batteries.
The key trends guiding the growth of the market include the increasing demands for pollution-free electric vehicles owing to the growing environmental concern and rapid technological advancements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The passenger car, commercial vehicles, two-wheelers, and HEV cars are the leading vehicle types of automotive lead-acid battery in the market.
The SLI batteries, and micro hybrid batteries are the leading products in the market.
The flooded batteries, enhanced flooded batteries, and VRLA batteries are the types of automotive lead-acid battery in the market.
The major customer segments in the market are OEM and replacement.
The key players in the global automotive lead-acid battery market 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 13.21 billion in 2022, 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 2023-2028, growing at a CAGR of 3.90%. The automotive lead-acid battery market is projected to reach USD 16.51 billion by 2028.
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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