Automotive Lead-Acid Battery Market 2024-2032: Industry Growth, Size, Share, Trends, Analysis and Research Report

IMARC Group's report titled "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 Region 2024-2032". The global automotive lead-acid battery market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.

Factors Affecting the Growth of the Automotive Lead Acid Battery Industry:

• Growing Demand for Electric Vehicles (EVs):

The surge in electric vehicle (EV) demand is a key driver of the market, supported by government initiatives to reduce greenhouse gas emissions and combat climate change. Additionally, the use of lead-acid batteries in hybrid electric vehicles (HEVs) for various functions like lighting and ignition, in addition to the main electric drive battery, is also fueling market growth. The durability, recyclability, and cost-effectiveness of lead-acid batteries make them ideal for these applications, further boosting market expansion. Lead-acid technology is meeting the requirements of hybrid vehicles by enabling compatibility with regenerative braking systems and supplying power for start-stop functionality, creating a favorable market landscape.

• Technological Advancements:

Lead-acid batteries are advancing in performance, durability, and efficiency. Manufacturers are also introducing innovative options like enhanced flooded batteries (EFBs) and absorbent glass mat (AGM) batteries to meet the evolving needs of modern vehicles, especially those equipped with start-stop systems. EFB technology offers better charge acceptance and longer cycle life compared to traditional lead-acid batteries, making them ideal for vehicles that frequently start and stop, leading to reduced fuel consumption and emissions. On the other hand, AGM batteries utilize a glass mat separator to absorb electrolyte, resulting in a spill-proof design and superior performance during high discharge and recharge cycles, ultimately driving increased product sales.

• Rising Sales of Commercial Vehicles:

The rise in demand for commercial vehicles like trucks and buses in developing countries, driven by urbanization and industrial growth, is fueling market expansion. Additionally, the automotive lead-acid battery sector is growing due to the need for more reliable batteries to power operations. Commercial vehicles require robust batteries capable of withstanding heavy usage, such as frequent starting and stopping, as well as powering onboard electronics and systems. As a result, automotive lead-acid batteries are increasingly being adopted in this sector, driving market growth. Manufacturers are now focusing on producing batteries that meet the performance and durability needs of commercial vehicles while also complying with strict environmental regulations, leading to a promising market outlook.

Leading Companies Operating in the Global Automotive Lead Acid Battery Industry:

• 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
• Thai Bellco Battery Co. Ltd.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-lead-acid-battery-market/requestsample

Automotive Lead Acid Battery Market Report Segmentation:

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• HEV Cars

Commercial vehicles account for the largest market share in the automotive lead acid battery market due to the rising demand for improved and reliable power sources to support heavy-duty operations.

By Product: 

• SLI Batteries
• Micro Hybrid Batteries

SLI batteries represent the largest segment due to their widespread use in starting, lighting, and ignition applications across various vehicle types.

By Type:

• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries

Flooded batteries dominate the market due to their cost-effectiveness and proven performance in various environmental conditions.

By Customer Segment: 

• OEM
• Replacement

OEMs hold the largest market share, as they require a consistent and standardized supply of lead acid batteries for their vehicle production.  

Market 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

Global Automotive Lead Acid Battery Market Trends:

Currently, the rise in sustainable transportation initiatives is driving the demand for electric vehicles. Lead-acid batteries are being widely used in HEVs and mild-hybrid vehicles for their affordability and dependability, contributing to market expansion. Furthermore, partnerships between automotive companies, battery manufacturers, and technology firms are on the rise to enhance lead-acid battery performance, efficiency, and sustainability. The focus on environmental issues and battery recycling has also led to the adoption of lead-acid batteries due to their high recyclability rates and established recycling systems.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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.

IMARCs 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 companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163