Automotive Lead Acid Battery Market Report

Market Insights

“The global automotive lead-acid battery market is expected to grow from USD 29.64 billion in 2024 to USD 36.24 billion by 2030, at a healthy CAGR of 3.41% during 2025-2030.”

Market Dynamics

Introduction:

An automotive lead-acid battery is a rechargeable battery applied in automobiles to supply the large current needed to start the engine. These batteries are used for starting, lighting, and ignition (SLI) in a vehicle. Lead-acid batteries are usually preferred over other battery types in the automotive sector because they offer significant benefits like higher reliability, lower maintenance requirements, lower costs, and longer lifespan. The automotive lead acid battery market demand has been increasing consistently in the past few years, driven by the rising passenger cars, light commercial vehicle manufacturing, and global automotive industry growth. Moreover, the vehicle fleet and the high demand for lead-acid batteries are also expected to support the market's growth over the coming years.

Market Drivers:

Increasing Vehicle Production

According to our research, it is projected that globally, 100.87 million vehicles will be produced by the year 2030, driving the growth of the automotive industry, which in turn will give rise to the high demand for automotive lead-acid batteries due to their reliability and cost-effectiveness. Lead-acid batteries are a suitable option for the majority of automobiles because they are inexpensive and function well with standard internal combustion engine (ICE) vehicles. These all encompass passenger vehicles, trucks, and motorcycles, which need lead-acid batteries for starting, lighting, and ignition. As a result of increased urbanization and rising disposable incomes in developing regions, more individuals possess vehicles, hence the demand is higher.

Market Challenges:

Growing Demand for Lithium-Ion Battery

The growing demand for lithium-ion batteries is significantly challenging the lead-acid batteries market due to the superior characteristics of lithium-ion batteries in terms of increased energy storage capacity, weight reduction, faster charging, and longer lifecycles. EVs' and HEVS' success grants Li-ion superiority since it is significantly and rapidly expanding in quantity as a clean source of transportation across the world. While auto-makers keep innovating maximum vehicle performance and efficiency, lithium-ion batteries gradually replace lead-acid batteries, particularly in sophisticated automotive applications. As electric vehicle (EV) adoption increases, lithium-ion is becoming the preferred choice, gradually replacing lead-acid in many applications.

Market Opportunities:

Growing Aftermarket Demand for Lead-Acid Batteries

Increasing aftermarket demand for lead-acid batteries creates a huge opportunity for the market because they have widespread applications, are inexpensive, and have developed infrastructure. Unlike other vehicle parts, lead-acid batteries have a defined lifetime where they will be replaced after some time. The replacement will provide steady demand for lead-acid batteries in the aftermarket regardless of new car manufacturing. They are comparatively economical, easily accessible, and generally applicable to vehicles. Therefore, it is commonly used in replacement, and the system for recycling is also planned; the cost of production is maintained low; hence, a higher demand is there for these batteries.

Recent Product Development:  

• In July 2024, Exide Industries Ltd. launched a new advanced Absorbent Glass Mat (AGM) battery for starting, light, and ignition (SLI) applications, which is designed to give better starting power, improved durability, and potentially longer life compared to standard lead-acid batteries. Exide SLI-AGM battery has become a preferred choice for the latest-generation vehicles that feature energy-saving technologies such as regenerative braking, which stores energy within the battery instead of dissipating it.

Market Segments' Analysis

By Product Type

“SLI Batteries type segment is projected to grow at the highest rate during the forecast period.”

In terms of product type, the automotive lead-acid battery market is segmented into SLI batteries, micro hybrid batteries, and auxiliary batteries. The SLI battery segment is projected to grow at the highest rate during the forecast period. The SLI (start, lighting, and ignition) batteries segment dominates the automotive lead-acid battery market because they are the primary source of power for starting the internal combustion engines of conventional vehicles. SLI batteries are also more affordable than their substitutes, thereby emerging as the preferred choice in markets where price remains the primary driver of purchase decisions for consumers.

By End-Use Type

“Passenger Cars segment is expected to grow at a significant rate during the forecast period.”

In terms of end-use, the automotive lead-acid battery market is segmented into passenger cars, light & heavy commercial vehicles, two-wheelers, and three-wheelers. The passenger cars segment is expected to grow at a significant rate during the forecast period, driven by the growing production and sales of passenger vehicles worldwide. The growing global vehicle ownership is due to the rapid urbanization and rising disposable incomes in the developing economies. From small compact cars to ultra-luxury models, lead-acid batteries are the most cost-effective and reliable solution compared to others in the great majority of passenger cars.

Regional Analysis

“Asia-Pacific is expected to be the fastest-growing region over the forecasted period.”

In terms of region, the automotive lead-acid battery market is segmented into the North American region, the European region, the Asia-Pacific region, and the rest of the world. The Asia-Pacific is expected to be the fastest-growing region over the forecast period, due to the growing automotive industry, driven by rising disposable incomes, rapid urbanization, industrialization, and strong economic growth. Leading nations in the production and sale of automobiles are China, Japan, India, and South Korea. This strong automotive production network generates a huge need for lead-acid batteries to energize the large array of traditional vehicles. 

Key Players

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Automotive Lead-Acid Battery Market -  

• Enersys
• Clarios
• Exide Industries Ltd.
• GS Yuasa International Ltd.
• C&D Technologies Inc.
• East Penn Manufacturing Company
• Camel Group Co. Ltd.
• Amara Raja Energy & Mobility Ltd.
• Robert Bosch LLC
• Century Battery Indonesia

Note: The above list does not necessarily include all the top players in the market.

Are you a leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The Automotive Lead-Acid Battery market is segmented into the following categories . 

Automotive Lead-Acid Battery Market, by Product Type

• SLI Batteries (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Micro Hybrid Batteries (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Auxiliary Batteries (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Lead-Acid Battery Market, by Type

• Flooded Batteries (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• VRLA Batteries (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Lead-Acid Battery Market, by Customer Type

• OEM (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Lead-Acid Battery Market, by End-Use Type

• Passenger Cars (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Light & Heavy Commercial Vehicles (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Two Wheelers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Three Wheelers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Automotive Lead-Acid Battery Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, Italy, The UK, and Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Automotive Lead-Acid Battery market realities and future market possibilities for the forecast period. 
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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