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Lead Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global lead acid battery market size reached US$ 31.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.06 Billion by 2027, exhibiting a growth rate (CAGR) of 4.15% during 2022-2027. 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.

A lead acid battery refers to a cost-effective rechargeable energy storage device, which includes an anode as the positive and a cathode as the negative terminal. They are further connected by the electrolyte to produce electricity through electrochemical reactions. The battery contains toxic lead metal, which can be recycled and prepared for reuse in other products. Apart from this, it involves oxide and grid production, pasting, curing, assembling, formation, filling, charge-discharge proceedings, inspection, and product dispatching as standard processes. The lead acid battery is tolerant to overcharging and relatively affordable and offers a larger current capacity and better performance in low or high temperatures. As a result, it is extensively used in grid storage and other commercial applications. Currently, the lead acid battery is commercially available in varying sizes and types, including flooded and sealed. 

Lead Acid Battery Market Trends:

The considerable expansion in the automotive industry and the increasing need for fuel-efficient, electrically chargeable vehicles are primarily driving the market growth. Additionally, the rising environmental concerns and the implementation of green initiatives by governments to promote the uptake of eco-friendly components, such as lead acid batteries, to reduce carbon emissions are acting as another growth-inducing factor. As compared to lithium-ion and nickel-based battery systems, lead acid battery is more economical, recyclable, and reliable. Moreover, the widespread adoption of uninterruptible power supply (UPS) devices across various industrial verticals have further supplemented the demand for lead acid batteries as they have relatively lower-tech battery management requirements. In line with this, the extensive employment of innovative battery manufacturing machines to optimize production processes at minimal costs is further contributing to the market growth. Besides this, strategic collaborations amongst key players to engineer multiple product variants with enhanced efficacy are positively stimulating the market growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global lead acid battery market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, construction method, sales channel and application.

Breakup by Product:

  • SLI
  • Stationary
  • Motive
     

Breakup by Construction Method:

  • Flooded
  • Valve Regulated Sealed Lead–acid Battery (VRLA)
     

Breakup by Sales Channel:

  • OEM
  • Aftermarket
     

Breakup by Application:

  • Automotive
  • UPS
  • Telecom
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being C&D Technologies Inc., Clarios International Inc., East Penn Manufacturing Co., EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, HOPPECKE Batterien GmbH & Co. KG, Leoch International Technology Limited, Panasonic Holdings Corporation and Teledyne Technologies Incorporated.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Construction Method, Sales Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered C&D Technologies Inc., Clarios International Inc., East Penn Manufacturing Co., EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, HOPPECKE Batterien GmbH & Co. KG, Leoch International Technology Limited, Panasonic Holdings Corporation and Teledyne Technologies Incorporated.
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)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Lead Acid Battery Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    SLI
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Stationary
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Motive
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Construction Method
    7.1    Flooded
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Valve Regulated Sealed Lead–acid Battery (VRLA)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Sales Channel
    8.1    OEM
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    UPS
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Telecom
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    C&D Technologies Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 SWOT Analysis
        15.3.2    Clarios International Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    East Penn Manufacturing Co.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    EnerSys
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Exide Industries Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
        15.3.6    GS Yuasa Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    HBL Power Systems Limited
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    HOPPECKE Batterien GmbH & Co. KG
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Leoch International Technology Limited
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
        15.3.10    Panasonic Holdings Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Teledyne Technologies Incorporated
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Lead Acid Battery Market: Major Drivers and Challenges
Figure 2: Global: Lead Acid Battery Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Lead Acid Battery Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Lead Acid Battery Market: Breakup by Product (in %), 2021
Figure 5: Global: Lead Acid Battery Market: Breakup by Construction Method (in %), 2021
Figure 6: Global: Lead Acid Battery Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Lead Acid Battery Market: Breakup by Application (in %), 2021
Figure 8: Global: Lead Acid Battery Market: Breakup by Region (in %), 2021
Figure 9: Global: Lead Acid Battery (SLI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Lead Acid Battery (SLI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Lead Acid Battery (Stationary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Lead Acid Battery (Stationary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Lead Acid Battery (Motive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Lead Acid Battery (Motive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Lead Acid Battery (Flooded) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Lead Acid Battery (Flooded) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Lead Acid Battery (Valve Regulated Sealed Lead–acid Battery (VRLA)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Lead Acid Battery (Valve Regulated Sealed Lead–acid Battery (VRLA)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Lead Acid Battery (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Lead Acid Battery (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Lead Acid Battery (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Lead Acid Battery (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Lead Acid Battery (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Lead Acid Battery (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Lead Acid Battery (UPS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Lead Acid Battery (UPS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Lead Acid Battery (Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Lead Acid Battery (Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Lead Acid Battery (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Lead Acid Battery (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Lead Acid Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Lead Acid Battery Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Lead Acid Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Lead Acid Battery Industry: SWOT Analysis
Figure 81: Global: Lead Acid Battery Industry: Value Chain Analysis
Figure 82: Global: Lead Acid Battery Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Lead Acid Battery Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Lead Acid Battery Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Lead Acid Battery Market Forecast: Breakup by Construction Method (in Million US$), 2022-2027
Table 4: Global: Lead Acid Battery Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Lead Acid Battery Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Lead Acid Battery Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Lead Acid Battery Market: Competitive Structure
Table 8: Global: Lead Acid Battery Market: Key Players


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Key Questions Answered in This Report

The global lead acid battery market was valued at US$ 31.75 Billion in 2021.

We expect the global lead acid battery market to exhibit a CAGR of 4.15% during 2022-2027.

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 lead acid batteries. 

 

The rising consumer awareness towards utilizing eco-friendly components, such as lead acid batteries over lithium-ion and nickel-based battery systems to reduce carbon emissions, is primarily driving the global lead acid battery market.

Based on the product, the global lead acid battery market can be categorized into SLI, stationary, and motive. Currently, SLI accounts for the majority of the total market share.

Based on the construction method, the global lead acid battery market has been segregated into flooded and Valve Regulated Sealed Lead–acid Battery (VRLA), where flooded holds the largest market share.

Based on the application, the global lead acid battery market can be bifurcated into automotive, UPS, telecom, and others. Currently, the automotive sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global lead acid battery market include C&D Technologies Inc., Clarios International Inc., East Penn Manufacturing Co., EnerSys, Exide Industries Limited, GS Yuasa Corporation, HBL Power Systems Limited, HOPPECKE Batterien GmbH & Co. KG, Leoch International Technology Limited, Panasonic Holdings Corporation, and Teledyne Technologies Incorporated.

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