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Asia Pacific Automotive Lead-Acid Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1476
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Market Overview:
The Asia Pacific automotive lead-acid battery market size reached US$ 5,933.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 6,800 Million by 2028, exhibiting a growth rate (CAGR) of 2.2% during 2023-2028.
Invented by Gaston Planté in 1859, lead-acid batteries represent one of the most widely utilized rechargeable batteries. They are employed in the starting, lighting and ignition (SLI) process of automobiles as they are robust, cost-effective, and can withstand abuse caused by wear and tear. In comparison with their substitutes like lithium-ion batteries, lead-acid batteries can tolerate overcharging. Moreover, these batteries are 100% recyclable, which aids in minimizing the overall manufacturing cost as well as reducing environmental pollution. In Asia Pacific, the boosting sales of luxury vehicles and advancements in vehicle technology are the key factors driving the sales of these batteries. Apart from this, the establishment of manufacturing facilities by several multinational players, such as Honda and Toyota, coupled with the expanding automotive fleet in China, Indonesia, Malaysia, Vietnam, Thailand and India, is also spurring the demand for lead-acid batteries in the region.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific automotive lead-acid battery market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on vehicle type, product, type and customer segment.
- Key Regions Analysed
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Analysis for Each Country
- Market by Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- HEV Cars
- Market by Product
- SLI Batteries
- Micro Hybrid Batteries
- Market by Type
- Flooded Batteries
- Enhanced Flooded Batteries
- VRLA Batteries
- Market by Customer Segment
- OEM
- Replacement
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
IMARC Group’s latest report provides a deep insight into the Asia Pacific automotive lead-acid battery market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Asia Pacific automotive lead-acid battery market in any manner.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Vehicle Type, Product, Type, Customer Segment, Country |
| Countries Covered | China, Japan, India, South Korea, Australia, Indonesia, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Asia Pacific automotive lead-acid battery market was valued at US$ 5933.1 Million in 2022.
We expect the Asia Pacific automotive lead-acid battery market to exhibit a CAGR of 2.2% during 2023-2028.
The rising adoption of electric vehicles, along with the introduction of low-cost and energy-efficient battery variants, is currently catalyzing the Asia Pacific automotive lead-acid battery market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific countries resulting in temporary closure of numerous automobile manufacturing units, thereby limiting the demand for automotive lead-acid battery.
Based on the vehicle type, the Asia Pacific automotive lead-acid battery market has been segmented into passenger cars, commercial vehicles, two wheelers, and HEV cars. Among these, commercial vehicles currently hold the majority of the total market share.
Based on the product, the Asia Pacific automotive lead-acid battery market can be divided into SLI batteries and micro hybrid batteries. Currently, SLI batteries exhibit a clear dominance in the market.
Based on the type, the Asia Pacific automotive lead-acid battery market has been categorized into flooded batteries, enhanced flooded batteries, and VRLA batteries. Among these, flooded batteries currently account for the largest market share.
Based on the customer segment, the Asia Pacific automotive lead-acid battery market can be segregated into OEM and replacement. Currently, OEM holds the majority of the total market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the market.
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