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.
To get more information about this market, Request Sample
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)
Key Questions Answered in This Report
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.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.