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The global automotive lead-acid battery market size reached US$ 13.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.
Lead-acid batteries are used in the starting, lighting, and ignition (SLI) process of automobiles. They consist of sponge lead (Pb) and lead peroxide (PbO2) plates that are immersed in sulfuric acid to convert chemical energy into electrical power. They are robust, cost-effective, and resistant to wear and tear and can tolerate overcharging compared to lithium-ion batteries. They also have high cell voltage and a large power-to-weight ratio as they supply high surge currents, thereby making them highly compatible with motor vehicles.
Lead-acid batteries supply voltage to various accessories in vehicles, such as music systems, wipers, radios, air conditioners (ACs), and charging plugs. This, along with the boosting sales of passenger vehicles on account of the expanding global population, rapid urbanization, and inflating income levels of consumers, represents one of the key factors impelling the market growth. Apart from this, the increasing awareness among individuals about the harmful impacts of carbon emissions, coupled with improving road networks, is catalyzing the demand for electric cars and e-bikes around the world. This is expanding the use of lead-acid batteries as they offer high current delivery, resistance to corrosion and abrasion, and low internal impedance. Furthermore, the introduction of variants comprising recycled materials, which makes lead-acid batteries a low environmental footprint energy storage technology, is propelling the market growth. Besides this, manufacturers are investing in research and development (R&D) activities and forming collaborations or partnerships with leading organizations to produce advanced and high-performance batteries. This, in turn, is anticipated to create a positive influence on the sales of lead-acid batteries in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive-lead acid battery market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on the vehicle type, product, type, and customer segment.
Breakup by Vehicle Type:
Commercial Vehicles currently represent the largest vehicle type on account of inflating disposable income levels and shifting consumer preferences from shared mobility to self-owned vehicles.
Breakup by Product:
SLI batteries hold the majority of the global automotive lead-acid battery market share as they have longer battery life.
Breakup by Type:
At present, flooded batteries dominate the market as they can withstand elevated temperature of the vehicle engine.
Breakup by Customer Segment:
OEM segment presently dominates the market as it provides reliability, durability, and ease of replacement.
Breakup by Region:
The Asia Pacific enjoys the leading position in the market due to the boosting sales of automobiles in the region.
The competitive landscape of the market has also been examined with some of the key players being C&D Technologies Inc., Clarios, CSB Energy Technology Co. Ltd (Showa Denko K.K.), East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., GS Yuasa Corporation, Koyo Battery Co., Ltd., Leoch International Technology Ltd, PT. Century Batteries Indonesia, Robert Bosch GmbH and Thai Bellco Battery Co. Ltd.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Vehicle Type, Product, Type, Customer Segment, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | C&D Technologies Inc., Clarios, CSB Energy Technology Co. Ltd (Showa Denko K.K.), East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., GS Yuasa Corporation, Koyo Battery Co., Ltd., Leoch International Technology Ltd, PT. Century Batteries Indonesia, Robert Bosch GmbH and Thai Bellco Battery Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| 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 global automotive lead-acid battery market was valued at US$ 13.0 Billion in 2022.
We expect the global automotive lead-acid battery market to exhibit a CAGR of 2.3% during 2023-2028.
The rising adoption of electric vehicles, along with the growing demand for automotive lead-acid batteries as they offer high current delivery, resistance to corrosion and abrasion, and low internal impedance, is primarily driving the global automotive lead-acid battery market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive lead-acid batteries.
Based on the vehicle type, the global automotive lead-acid battery market has been segmented into passenger cars, commercial vehicles, two-wheelers, and HEV cars. Currently, commercial vehicles hold the largest market share.
Based on the product, the global automotive lead-acid battery market can be divided into SLI batteries and micro hybrid batteries, where SLI batteries currently exhibit a clear dominance in the market.
Based on the type, the global automotive lead-acid battery market has been categorized into flooded batteries, enhanced flooded batteries, and VRLA batteries. Among these, flooded batteries account for the largest market share.
Based on the customer segment, the global automotive lead-acid battery market can be bifurcated into OEM and replacement. Currently, OEM holds the majority of the global market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global automotive lead-acid battery market include C&D Technologies Inc., Clarios, CSB Energy Technology Co. Ltd (Showa Denko K.K.), East Penn Manufacturing Company, EnerSys, Exide Industries Ltd., GS Yuasa Corporation, Koyo Battery Co., Ltd., Leoch International Technology Ltd, PT. Century Batteries Indonesia, Robert Bosch GmbH, and Thai Bellco Battery Co. Ltd.
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