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The global automotive lead-acid battery market reached a value of US$ 12.27 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 14.61 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.
Lead acid batteries are the oldest type of rechargeable batteries invented by Gaston Planté in 1859 and are used for the starting, lighting, and the ignition (SLI) process in the automobiles. These types of batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid to convert chemical energy into electrical power. These batteries have been in the industry for 100 years and are still a popular source of energy storage. They are generally used in power stations and substations as they have high cell voltage and lower cost. In spite of having very low energy-to-weight ratio and a low energy-to-volume ratio, these batteries supply high surge currents which implies that their cells have a large power-to-weight ratio. This makes them highly compatible for motor vehicles in order to supply high current required by automobile starter motors. Apart from this, lead acid batteries also contribute in supplying voltage to various accessories in vehicles such as music systems, wipers, radio, air conditioners, charging plugs, etc.
The demand of automotive lead-acid batteries has a strong correlation with the global automobile industry. The global automobile market has exhibited strong performance across both developed and emerging markets after a period of sluggish growth as a result of the recent global economic crisis. Moreover, a spontaneous rise in the use of electric vehicles and e-bikes has also catalyzed the demand of lead acid batteries. Characteristics such as high current delivery, resistance to corrosion and abrasion, tolerance to overcharging, low internal impedance, etc. make them appropriate to be used in electric vehicles. On a regional basis, the Asia Pacific region represented the biggest driver of automotive lead acid batteries accounting for the bulk of the total sales. Asia Pacific was followed by North America and Europe.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lead-acid battery market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on vehicle type, product, type and customer segment.
Breakup by Vehicle Type:
Based on the vehicle type, the market has been segmented into passenger cars, commercial vehicles, two-wheelers and HEV cars. Passenger cars currently represent the biggest application.
Breakup by Product:
Based on the product, the market has been segmented into SLI batteries and micro hybrid batteries. SLI batteries currently dominate the market.
Breakup by Type:
Based on the type, the market has been segmented into flooded batteries, enhanced flooded batteries and VRLA batteries. Amongst all these, flooded batteries hold the majority of the market share.
Breakup by Customer Segment:
Based on the customer segment, the market has been segmented into OEM and replacement. OEM segment currently dominates the global market.
Breakup by Region:
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the market share.
The competitive landscape of the market has also been examined with some of the key players being Johnson Controls Inc., Exide Technologies Inc., GS Yuasa Corporation, Reem Batteries & Power Appliances Co. Saoc, Enersys Inc., Saft Groupe S.A., Northstar Battery Company LLC., C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd, Exide Industries Ltd., Koyo Battery Co., Ltd., Tai Mao Battery Co., Ltd., PT Century Batteries Indonesia, Thai Bellco Battery Co.,Ltd. and CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.).
|Base Year of the Analysis||2020|
|Segment Coverage||Vehicle Type, Product, Type, Customer Segment, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Johnson Controls Inc., Exide Technologies Inc., GS Yuasa Corporation, Reem Batteries & Power Appliances Co. Saoc, Enersys Inc., Saft Groupe S.A., Northstar Battery Company LLC., C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd, Exide Industries Ltd., Koyo Battery Co., Ltd., Tai Mao Battery Co., Ltd., PT Century Batteries Indonesia, Thai Bellco Battery Co.,Ltd. and CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.)|
|Customization Scope||10% Free Customization|
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|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)|
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