USD 50.2 Billion
Automotive Lead Acid Battery Market Size, Share, Growth Analysis, By Battery Type(Lead-acid, Lithium-ion, and Others), By Vehicle Type(Commercial Vehicles and Passenger Cars), By Engine Type(IC Engine and Electric Vehicle), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2252 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
86
|Figures:
81
Automotive Lead Acid Battery Market Insights
Automotive Lead Acid Battery Market size was valued at USD 18.31 Billion in 2023 and is poised to grow from USD 19.32 Billion in 2024 to USD 81.28 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
Lead-acid batteries have long been a common energy source for automotive use due to their affordability and reliability. However, there have been significant changes in market dynamics driven by technological advances, changing consumer preferences and regulatory pressures. The rise of electric vehicles (EVs) and hybrid vehicles increases the demand for advanced battery technologies, challenging traditional lead batteries Also, environmentally increasing awareness and stringent emissions regulations drive automotive manufacturers to search for alternative energy sources, significantly affecting market growth, especially in internal combustion engine vehicles and support systems, continue to dominate in addition to ongoing efforts to optimize battery performance, lifetime and recyclability are influencing market trends and shaping the competitive landscape.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
Lithium-ion
Fastest Growth
Lithium-ion
Growth Rate
5.5% CAGR
Global Automotive Lead Acid Battery Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Automotive Lead Acid Battery Market Segmental Analysis
Based on battery type, the market share is split into lead-acid, lithium-ion, and others (nickel-metal hydride and others). Based on vehicle type, the market is classified into commercial vehicles and passenger cars. Based on engine type, the market is segmented into IC engine and electric vehicle. By region, the study gives market insights into the North America, Europe, Asia-Pacific and the Rest of the World.
Analysis by Battery Type
The lithium-ion is the dominating segment in the market which will post the fastest CAGR of 8.6% during the forecast period. Declining lithium-ion battery prices, technological advancements and mass production are expected to fuel the growth of the segments during the forecast period. Furthermore, government initiatives to promote e-mobility adoption are on the rise by providing economic incentives and stringent standards and regulations. Demand for batteries is expected to fuel for example, the European Union has implemented emission regulations such as Euro 5 and Euro 6 across Europe to reduce carbon emissions. Moreover, electric cars cost less compared to conventional cars. So higher fossil fuel prices make consumers more attracted to electric cars.
The lead-acid segment accounted for the largest market share of 51.79% by 2020. Lead-acid batteries are widely accepted in conventional vehicles. Thus, the number of conventional vehicles in the world is driving the growth of this segment. For example, according to the International Energy Agency (IEA), conventional vehicles will account for 97.4% of global vehicle sales by 2019. The increasing presence of lead batteries in the aftermarket channel influences the growth of the segment. Apart from that, lead-acid batteries are also used to drive other power loads of electric vehicles, such as electronic devices and sensors used in vehicles so it is expected that electricity consumption an increasing growth will also provide significant revenue growth opportunities for the segment over the forecast period.
Analysis by Application
Passenger vehicles dominated the market in 2022 and will continue to hold a large market share during the forecast period. Rising passenger vehicle sales are fueling the growth of the segment. According to the International Automobile Manufacturers Organization, around 54 million passenger cars will be sold worldwide by 2020, and around 24 million commercial vehicle sales are expected to fuel the growth of the segment in the coming period
The commercial vehicle segment is estimated to register a remarkable CAGR between 2024 and 2031. Moreover, the increasing demand for replacing dead lead-acid batteries in commercial vehicles will fuel the fastest growth of the segment in the coming period. Commercial vehicles including trucks, buses, vans and delivery vehicles often rely on lead batteries to start their engines and power electrical systems. This type of vehicle is essential for freight and passengers, making it a key market for lead batteries.
Global Automotive Lead Acid Battery Market By Battery Type (%)
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Automotive Lead Acid Battery Market Regional Insights
Asia-Pacific dominated the global automotive lead acid battery market, primarily driven by the growing regional automotive industry, rapid urbanization and expanding transport infrastructure. Countries such as China, Japan, India for consumer vehicles Despite the increase in electric vehicles in the region due to their automotive market size and manufacturing capacity, lead batteries continue to play a dominant role in powering conventional vehicles and auxiliary systems, maintaining its dominance in the global automotive lead acid battery market.
North America is the fastest growing region in the automotive lead acid battery market, although to varying degrees. In North America, the global automotive lead acid battery market, although relatively mature, continues to grow due to regional automobile size, demand for replacement batteries and availability but flexibility of embedded batteries has moved towards electric vehicles as well as stringent emissions regulations, so it enables innovation and diversification in the market.
Global Automotive Lead Acid Battery Market By Geography
- Largest
- Fastest
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Automotive Lead Acid Battery Market Dynamics
Drivers
Rising Affordability and Reliability
- The affordability and demonstrated reliability of lead-acid batteries preserve to pressure their adoption in car packages, mainly in conventional inner combustion engine motors and auxiliary structures which includes begin-stop structures and lighting fixtures. Despite the emergence of opportunity battery technologies, lead-acid batteries continue to be the preferred desire for cost-aware clients and manufacturers in search of dependable electricity solutions.
Rising Demand for Auxiliary Power
- The growing integration of digital features and auxiliary systems in cutting-edge motors, coupled with stringent emissions policies, is driving demand for lead-acid batteries to power numerous onboard applications together with infotainment structures, lighting fixtures, and safety functions. Lead-acid batteries offer a fee-powerful and dependable answer for providing auxiliary power in automotive packages, supporting market growth in this section.
Restraints
Competition from Advanced Battery Technologies
- The global automotive lead acid battery market faces intense competition from advanced battery technologies, especially lithium-ion batteries, electric vehicles, hybrid vehicles that offer high energy density, long life and speed charging capacity. With growing popularity of copper-acid batteries are eroding market share, severely restricting market growth.
Environmental Regulatory Authority
- Environmental concerns about the challenges of conventions on lead and review, and strict reproduction regulations, the vehicles, cease- ambit bazars provide important vehicle choices and pressures for automakers and alternatives. It stimulates search, which is in automotive tests of lead-acids battery demand is affected.
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Automotive Lead Acid Battery Market Competitive Landscape
The competitive landscape of the automotive lead acid battery market is characterized by intense competition between multiple players vying for market share. These companies operate in a variety of industries, offering lead battery solutions many types for in automotive applications. The major players covered in automotive lead acid batteries market report are Johnson Controls, Exide Technologies, GS Yuasa International Ltd., Mebco, Reem Batteries & Power Appliances Co. SAOC, ENERSYS, among other domestic and global players.
Top Player’s Company Profiles
- Exide Industries
- Apex Battery
- BAE Batteries USA
- Bioenno Power
- Briggs & Stratton
- Chaowei Power
- Clarios
- Crown Battery
- East Penn Manufacturing Co.
- EnerSys
- Furukawa Electric
- GS Yuasa Corporation
- HBL Power Systems
- Hitachi Chemical
- JYC Battery
- K2 Battery
- Leoch International Technology
- Lithion Battery
- Luminous
- Microtek
- Northstar
- Panasonic Corp.
- Su-KAM
- The Sunlight Group
- V-Guard
Recent Developments
- In January 2023, Clarios introduced the Smart AGM 12V battery, intended for use in electric vehicles and ADAS (Advanced Driver Assistance Systems) systems.
- On July 13, 2022, Panasonic Corporation, the world’s largest manufacturer of lithium-ion batteries, joined forces with Kansas in an economic development aimed at boosting the electric vehicle (EV) industry in United States.
- On March 13, 2021, General Motors Company achieved a milestone in the development of the next generation of Altium pharmaceuticals. The development was done in anticipation of a new Joint Development Agreement with Solid Energy Systems, aimed at accelerating the transition to an electric future.
Automotive Lead Acid Battery Key Market Trends
- Growing Trend in Electric Transmission Which Will Drive the Market Growth: Increasing adoption of e-mobility in developed economies and changing automotive markets in developing economies are likely to fuel global demand for automotive batteries. Manufacturers’ focus on introducing new generations. EVs are fueling electrification in the automotive industry by increasing vehicle sales and improving living standards among citizens. Thus, the rise of lithium-ion batteries in electric vehicles (EVs) is estimated to drive the market growth in the coming years.
Automotive Lead Acid Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global automotive lead acid battery market is experiencing a period of change with the global shift towards electric mobility and sustainable transportation solutions. Long considered as the automotive workhorse, lead-acid batteries face intense competition from moving battery technologies faces such as lithium-ion batteries. Despite the availability and proven reliability of batteries, the limits of capacity, weight, and the environment are being increasingly tested. This has led to R&D programs aimed at increasing the performance and durability of lead-acid batteries. Also, changing consumer -Priorities, changing regulatory environments, and new technologies is changing the dynamics of the automotive market, presenting both opportunities and challenges for lead battery manufacturers and suppliers although the transition to electric vehicles is smaller than conventional lead batteries. Despite threats to control, opportunities exist in niche automotive segments and emerging markets where cost and reliability remain paramount.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 50.2 Billion |
| Market size value in 2031 | USD 77.04 Billion |
| Growth Rate | 5.5% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Lead Acid Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Lead Acid Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Lead Acid Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Lead Acid Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Lead Acid Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Lead Acid Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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