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The global automotive lead-acid battery market attained a value of USD 13.73 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.80% to reach USD 19.24 billion by 2032.
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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.
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:
The major product types in the global automotive lead-acid battery market are:
The industry can be segmented based on its type into:
The industry can be broadly segregated on the basis of its customer segment into:
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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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by Customer Segment |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global automotive lead-acid battery market attained a value of nearly USD 13.73 billion.
The market is projected to grow at a CAGR of 3.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 19.24 billion by 2032.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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