Automotive Lead Acid Batteries Market Size, Share, Growth, Trends, Demand and Opportunity Analysis 2028
Automotive Lead Acid Batteries Market Size, Share, Growth, Trends, Demand and Opportunity Analysis 2028
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"Global Automotive Lead Acid Batteries Market – Industry Trends and Forecast to 2028
Global Automotive Lead Acid Batteries Market, By Product Type (SLI, Stationary, Motive), Type (Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries), Vehicle Type (Passenger Cars, Commercial Vehicles, Two-Wheelers, HEV Cars), Application (Electric Vehicles, Hybrid Vehicles, Light Motor Vehicles, Heavy Motor Vehicles), Country (U.S., copyright, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The automotive lead acid batteries market will reach at an estimated value of USD 59.17 billion and grow at a CAGR of 4.3% in the forecast period of 2021 to 2028. Rising advancements in manufacturing processes of lead acid batteries is an essential factor driving the automotive lead acid batteries market.
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Lead acid batteries are the type of devices which are used for storage of electricity that can be used during an emergency or wherever power supply connection is not available. Governments have started offering subsidies to manufacture low cost electric vehicles, which do not pollute the environment.
**Segments**
- **Type**: The automotive lead acid batteries market can be segmented based on type into flooded, enhanced flooded, and valve-regulated lead acid (VRLA) batteries. Flooded batteries are the traditional type, while VRLA batteries offer maintenance-free operation and enhanced performance.
- **Vehicle Type**: Segmentation by vehicle type includes passenger vehicles, commercial vehicles, and electric vehicles. Passenger vehicles hold a significant share due to the high demand for internal combustion engine cars.
- **Sales Channel**: Sales channels in the market encompass OEM (Original Equipment Manufacturer) and aftermarket. The OEM segment dominates as lead acid batteries are primarily installed during the manufacturing process.
**Market Players**
- **Johnson Controls International plc**: A global leader in lead acid batteries, Johnson Controls offers a wide range of automotive battery solutions with a focus on innovation and sustainability.
- **Exide Technologies**: Known for its quality automotive batteries, Exide Technologies is a key player in the market, providing products for various vehicle types and applications.
- **GS Yuasa Corporation**: GS Yuasa is prominent in the lead acid battery market, offering advanced battery technologies for automotives along with a strong emphasis on research and development.
- **East Penn Manufacturing Company**: Specializing in lead acid batteries for automotive, marine, and industrial applications, East Penn Manufacturing is a major player known for its reliable battery solutions.
- **EnerSys**: EnerSys is a leading supplier of lead acid batteries for automotive and industrial use, focusing on high-performance and durable battery systems.
The automotive lead acid batteries market is witnessing significant growth driven by the rising demand for vehicles, the expansion of the automotive industry, and the increasing adoption of electric vehicles. As lead acid batteries remain a cost-effective solution for many vehicles, the market is expected to continue its upward trajectory. With advancements in battery technology and the emphasis on sustainability, key players in the market are constantly innovating to meet the evolving needs of the automotiveThe automotive lead acid batteries market is a robust industry that continues to witness substantial growth due to several key factors. One of the primary drivers of this market is the increasing demand for vehicles across various segments, including passenger vehicles, commercial vehicles, and electric vehicles. As the automotive industry expands globally, especially in emerging markets, the need for reliable and cost-effective battery solutions remains high. Lead acid batteries, with their proven track record and affordability, continue to be a preferred choice for many vehicle manufacturers and consumers.
Another significant factor contributing to the growth of the automotive lead acid batteries market is the proliferation of electric vehicles (EVs). While lithium-ion batteries are more commonly associated with EVs, lead acid batteries are still used in some applications within the electric vehicle segment, such as auxiliary power supplies and traditional internal combustion engine vehicles. As the adoption of EVs increases worldwide, there is a growing need for a diverse range of battery solutions to support the evolving automotive landscape.
In terms of market segmentation, the type of lead acid batteries plays a crucial role in catering to different vehicle requirements. Flooded batteries, which are the traditional type, continue to be utilized in various automotive applications, particularly in regions where cost considerations are paramount. Enhanced flooded batteries offer improved performance and reliability compared to traditional flooded batteries, making them suitable for more demanding applications. Valve-regulated lead acid (VRLA) batteries represent a more technologically advanced solution that provides maintenance-free operation and enhanced durability, making them ideal for modern vehicles requiring higher efficiency and performance standards.
The sales channel segmentation within the automotive lead acid batteries market, including OEM and aftermarket channels, reflects the distribution and installation methods for these products. The OEM segment holds a dominant position in the market, as lead acid batteries are typically installed during the vehicle manufacturing process. Original Equipment Manufacturers partner with key battery suppliers to ensure the seamless integration of battery solutions into new vehicles, emphasizing quality and compatibility.
Key players in the automotive lead acid batteries market, such as Johnson Controls International plc, Exide**Segments**
- **Type**: The automotive lead acid batteries market can be segmented based on type into flooded, enhanced flooded, and valve-regulated lead acid (VRLA) batteries. Flooded batteries are the traditional type, while VRLA batteries offer maintenance-free operation and enhanced performance. Enhanced flooded batteries bridge the gap between flooded and VRLA batteries, providing improved performance and durability compared to traditional flooded batteries.
- **Vehicle Type**: Segmentation by vehicle type includes passenger vehicles, commercial vehicles, electric vehicles, and two-wheelers. Passenger vehicles currently hold a significant share in the market due to the high demand for internal combustion engine cars. However, the rising adoption of electric vehicles is expected to drive the demand for lead acid batteries in the electric vehicle segment.
- **Sales Channel**: The sales channels in the market encompass OEM (Original Equipment Manufacturer) and aftermarket. The OEM segment dominates the market as lead acid batteries are predominantly installed during the manufacturing process. However, the aftermarket segment is also significant, catering to replacement and maintenance needs for existing vehicles.
**Market Players**
- **Johnson Controls International plc**: A global leader in lead acid batteries, Johnson Controls offers a wide range of automotive battery solutions with a focus on innovation and sustainability. The company's diverse product portfolio caters to various vehicle types and applications, ensuring high-quality and reliable battery solutions for the automotive industry.
- **Exide Technologies**: With a reputation for providing high-quality automotive batteries, Exide Technologies is a key player in
Key points covered in the report: -
- The pivotal aspect considered in the global Automotive Lead Acid Batteries Market report consists of the major competitors functioning in the global market.
- The report includes profiles of companies with prominent positions in the global market.
- The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
- The driving factors for the growth of the global Automotive Lead Acid Batteries Market are thoroughly explained along with in-depth descriptions of the industry end users.
- The report also elucidates important application segments of the global market to readers/users.
- This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
- The experts also evaluate the export/import policies that might propel the growth of the Global Automotive Lead Acid Batteries Market.
- The Global Automotive Lead Acid Batteries Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
Countries Studied:
- North America (Argentina, Brazil, copyright, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
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