Global Automotive Lead Acid Batteries Market size was valued at US$ 12.2 Bn in 2019 and the total revenue is expected to grow at 3.2 % through 2020 to 2026, reaching nearly US$ 15.5 Bn.
The global Automotive Lead Acid Batteries market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Automotive Lead Acid Batteries report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Automotive Lead Acid Batteries Market Overview:
Lead acid batteries are the devices used for the storage of electricity that is used during an emergency or wherever a power supply connection is not available. Growing demand for automotive lead acid batteries in electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles is expected to be a key driver of the market during the forecast period.
Global Automotive Lead Acid Batteries Market Dynamics:
Advancements in manufacturing processes and growing sales of automotive lead acid batteries driving the market and are expected to reach more than USD 45 billion by 2026. The automotive lead-acid battery market is directly related to the performance of the automotive industry, i.e. if the automobile industry is witnessing growth then the automotive lead-acid battery market would also reflect the growth and vice-versa.
Rapid growth in the automotive industry in the Asia-Pacific region has reported a surge in overall passenger car sales. Leading automotive lead-acid battery manufacturing companies include Johnson Controls, Exide Technologies, EnerSys, and GS Yuasa among others. The major factors driving the market in the Asia-Pacific region are high replacement demand from consumers with significantly high disposable incomes, and the large rich population. Moreover, government subsidiaries and stringent regulations regarding pollution emission is the major factor expected to propel the global automotive lead acid batteries market size.
Growing demand for lithium-ion batteries, risk of battery explosion due to overcharging, and high lead content can harm the environment. These all factors act as restraints to the automotive lead acid batteries market growth.
Global Automotive Lead Acid Batteries Market Segment Analysis:
By Product, the automotive lead acid batteries market is bifurcated into SLI and Micro-Hybrid Batteries.
By Type, the market is bifurcated into Flooded, Enhanced Flooded, and VRLA. The flooded lead acid batteries segment is expected to enhance at a CAGR of more than 3% during the forecast period 2020-2026. More number of product variants and specifications in the range of flooded lead batteries gives more flexibility for the customer to choose the appropriate engine for specific applications. Flooded batteries are also called vented batteries, which require periodic monitoring and topping up with distilled water for longevity. Flooded batteries support automotive applications by meeting the needs of OEMs and aftermarket customers. These batteries are cheaper than VRLA batteries in terms of value. Flooded batteries are ideal for traction, UPS, and marine applications.
By End-Use, the market is bifurcated into Passenger cars, LCVs/HCVs, Two Wheeler, and Three Wheelers. The passenger car segment held the largest share of the automotive lead acid batteries market in 2019 and is expected to grow at a rapid pace during the forecast period thanks to the rising application of automotive lead acid batteries in passenger cars.Global Automotive Lead Acid Batteries MarketTo know about the Research Methodology :- Request Free Sample ReportGlobal Automotive Lead Acid Batteries Market
In August 2017, C&D Technologies announced that they have been acquired by an affiliate of KPS Capital Partners, this new partnership enables C&D to invest in upgrading its plants and a range of growth initiatives that gave benefit to the customers.
In March 2016, GS Yuasa introduced the SLR-1000 Advanced Nano-Carbon Lead Acid battery. This new SLR-1000 is a 2-volt Advanced Lead battery that provides an unprecedented 5000 cycles at 70% DOD (Depth of Discharge).
Global Automotive Lead Acid Batteries Market Regional Insights:
The Asia Pacific is expected to dominating the Automotive Lead Acid Batteries Market
The Asia Pacific is a major consumer of automotive lead acid batteries. Increasing demand for automotive lead acid batteries from countries including India, Japan, China, Australia, and others. The rising sale of vehicles in India and China is expected to drive the automotive lead acid batteries market growth during the forecast period.
Growing population, rapid urbanization, and investments in end-use industries are estimated to drive the automotive lead acid batteries market growth in this region. Even though new technologies such as lithium-ion batteries have been introduced in the market, lead acid batteries are a key technology in the automotive market, thanks to their low cost and excellent performance in cold and hot temperatures.
Global Automotive Lead Acid Batteries MarketThe objective of the report is to present a comprehensive analysis of the Global Automotive Lead Acid Batteries market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Lead Acid Batteries market dynamics, structure by analyzing the market segments and project the Global Automotive Lead Acid Batteries market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Lead Acid Batteries market make the report investor’s guide.
Global Automotive Lead Acid Batteries Market Scope: Inquire before buying
Global Automotive Lead Acid Batteries Market
Global Automotive Lead Acid Batteries Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Automotive Lead Acid Batteries Market Key Players
• Johnson Controls
• Exide Technologies
• GS Yuasa International Ltd.
• Middle East Battery Company
• Reem Batteries & Power Appliances Co. SAOC
• C&D TECHNOLOGIES
• Robert Bosch GmbH
• East Penn Manufacturing Company
• Panasonic Corporation
• Trojan Battery Company
• SAMSUNG SDI CO.,LTD
• Leoch Battery Corporation
• EXIDE INDUSTRIES LTD
• CENTURY BATTERIES INDONESIA
• Tai Mao Battery Co., Ltd
• Infocom Network Limited
• Hitachi Chemical Energy Technology Co. Ltd
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