Europe Automotive Lead-Acid Battery Market to Reach US$ 6,649.2 Million by 2032, Impelled by Increasing Adoption of Electric Vehicles

April 10, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled "Europe Automotive Lead-Acid Battery Market Report by Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars), Product (SLI Batteries, Micro Hybrid Batteries), Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries), Customer Segment (OEM, Replacement), and Country 2024-2032," the Europe automotive lead-acid battery market size reached US$ 4,687.9 Million in 2023. An automotive lead-acid battery is an electrochemical rechargeable battery that uses lead electrodes and acid electrolytes to store and release electrical energy. It has a large power-to-weight ratio, which assists the supply of high surge current. It offers high durability, reliability, and cost-effectiveness and facilitates enhanced performance at low and high temperatures. It is more resistant to wear and tear and can tolerate overcharging as compared to lithium-ion batteries. As a result, lead acid battery is used in a wide range of vehicles, such as cars, trucks, and motorcycles, across Europe.

Europe Automotive Lead-Acid Battery Market Trends:

At present, the escalating demand for electric vehicles (EVs) on account of rising environmental concerns from traditional internal combustion engines represents one of the key factors positively influencing the market in Europe. In addition, a significant reduction in the price of lead acid batteries and favorable initiatives by governing agencies on the purchase of EVs in the form of subsidies is fueling the market growth. Moreover, increasing sales of automobiles due to the growing global population are creating a favorable market outlook. Apart from this, manufacturers are focusing on equipping their automobiles with deep-discharge lead-acid batteries for photovoltaic applications in vehicles. They are also focusing on introducing lead-acid batteries with reduced weight and volume and increased performance in terms of power, energy, and durability, which is bolstering the market growth. Furthermore, rising standards of living, increasing affordability and easy availability of EVs are stimulating the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6,649.2 Million by 2032, exhibiting a CAGR of 3.8% during 2024-2032.

Market Summary:

On the basis of the vehicle type, the market has been segmented into passenger cars, commercial vehicles, two-wheelers, and HEV cars. At present, passenger cars represent the largest market segment.
Based on the product, the market has been bifurcated into SLI batteries and micro-hybrid batteries. Currently, SLI batteries hold the biggest market share.
On the basis of the type, the market has been segregated into flooded batteries, enhanced flooded batteries, and VRLA batteries. Flooded batteries dominates the market.
Based on the customer segment, the market has been divided into OEM and replacement. At present, OEM exhibits a clear dominance in the market.
Region-wise, the market has been classified into Germany, France, the United Kingdom, Italy, Spain and others. Amongst these, Germany enjoys the leading position in the market.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Vehicle Type, Product, Type, Customer Segment, Country
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

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.

Europe Automotive Lead-Acid Battery Market to Reach US$ 6,649.2 Million by 2032, Impelled by Increasing Adoption of Electric Vehicles

Purchase options

Single User License ~~$3699~~ $2899
Five User License ~~$4699~~ $3899
Corporate User License ~~$5699~~ $4899

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

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

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

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.

Arabian Plastic Manufacturing Company Ltd.

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.