New York, NY, Aug. 03, 2023 (WORLD NEWSWIRE) — Zion Market Research has actually released a brand-new research study report entitled “Automotive Lead-Acid Battery Market By Product (SLI Batteries And Micro Hybrid Batteries), By Type (Flooded Batteries And VRLA Batteries), By End-Use (Passenger Cars And Light & Heavy Commercial Vehicles), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research study database.
“According to the latest research study, the demand of global Automotive Lead-Acid Battery Market size & share in terms of revenue was valued at USD 26 billion in 2022 and it is expected to surpass around USD 40 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.0% during the forecast period 2023 to 2030.”
What is Automotive Lead-Acid Battery? How huge is the Automotive Lead-Acid Battery Industry?
Automotive Lead-Acid Battery Report Coverage & Overview:
A lead-acid battery for vehicles is a kind of rechargeable battery that is vital for the ignition system of an automobile. The main goal of the item is to provide an electrical present to an electric-powered motor so that the chemically-driven internal combustion engine might be begun so that the engine can progress. According to reports, the lead-acid battery includes 2 various kinds of lead that are integrated with a range of acids in order to perform an electrochemical procedure. Following that, it transforms chemical energy into electrical present, which, in turn, can result in the production of voltage in automobile applications. In addition, lead acid batteries provide the power essential for the operation of the vehicle’s devices, such as the charging plugs for the a/c, the wipers, and the music gamers.
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Global Automotive Lead-Acid Battery Market: Growth Dynamics
The worldwide automobile lead-acid battery market is set to experience considerable development, mostly sustained by the rising sales of electrical and hybrid lorries. The increasing need for environmentally friendly transport alternatives has actually triggered numerous federal governments to implement rigorous emission guidelines, driving the requirement for lead-acid batteries in lorries to improve fuel performance and decrease ecological effect. Moreover, the functional benefits used by these batteries will even more increase market patterns.
In addition to ecological issues, the marketplace’s growth will be led by the increasing need for cost-reliable energy services. Lead-acid batteries have the benefit of being affordable and quickly rechargeable, making them appealing for customers worldwide.
The intro of brand-new items will play a considerable function in figuring out the marketplace’s size and prospective development. A significant example is the recent launch of the S6, an innovative power hybrid inverter by Solis, a Chinese solar and energy storage services supplier. This ingenious inverter works with both lithium-ion and lead-acid batteries, expanding the scope of need for lead-acid batteries in the automobile sector.
Overall, the worldwide automobile lead-acid battery market is poised for a flourishing future, driven by the increasing adoption of electrical and hybrid lorries, the need for environmentally friendly energy services, and constant improvements in battery innovation.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 26 billion |
| Projected Market Size in 2030 | USD 40 billion |
| CAGR Growth Rate | 5.0% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Exide Industries Ltd., Clarios, Exide Technologies Inc., GS Yuasa Corporation, EnerSys Inc., Panasonic Corporation, East Penn Manufacturing Company, Leoch International Technology Limited, and CSB Battery Company Limited. |
| Key Segment | By Product, By Type, By End-Use, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Automotive Lead-Acid Battery Market: Segmentation Analysis
The worldwide automobile lead-acid battery market is sectored into item, type, end-user, and area.
In item terms, SLI batteries and micro-hybrid batteries are the 2 classifications that comprise their particular sectors of the worldwide market for automobile lead-acid batteries. In addition to this, the SLI batteries sector, which had almost 55% of the worldwide market share in 2022, is predicted to tape the best CAGR throughout the timeline being examined here.
The comprehensive usage of the item in business lorries, motorcycles, and guest lorries might be credited with adding to the growth of the marketplace in the years to come for this specific classification. In addition, there might be a rise in need for the item due to the fact that there has actually been a boost in the production of lorries, there are more stringent contamination requirements, and there is a need for brand-new automobile systems.
On the basis of the type, The worldwide market for automobile lead-acid batteries might be broken down into 2 classifications: flooded batteries and VRLA batteries. In addition, it is expected that the VRLA batteries sector will take the lead in the type sector over the forecasting years. This is due to the fact that the VRLA batteries sector recorded a considerable part of the worldwide market in 2022.
It is possible that the segmental boost in the timeline forecast might be brought on by the extensive application of VRLA batteries in micro-hybrid lorries. In addition to this, they help the energy storage requirements of micro-hybrid vehicle systems, which in turn increases the propensities of the worldwide sector.
Based on the end-use, The worldwide market for automobile lead-acid batteries can be segmented as follows: automobile; light & heavy business lorries; and other lorries. In addition to this, the sector of the marketplace for guest vehicles, which contributed a considerable quantity towards the worldwide market share in 2022, is expected to develop worldwide market supremacy in the years to come. The substantial boost in need for lead-acid batteries in guest lorries might be at least partly accountable for the sector’s development throughout the expected timeframe.
The worldwide Automotive Lead-Acid Battery market is segmented as follows:
By Product
- SLI Batteries
- Micro Hybrid Batteries
By Type
- Flooded Batteries
- VRLA Batteries
By End-Use
- Passenger Cars
- Light & Heavy Commercial Vehicles
Browse the complete “Automotive Lead-Acid Battery Market By Product (SLI Batteries And Micro Hybrid Batteries), By Type (Flooded Batteries And VRLA Batteries), By End-Use (Passenger Cars And Light & Heavy Commercial Vehicles), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at
Competitive Landscape
Some of the primary rivals controling the worldwide Automotive Lead-Acid Battery market consist of –
- Exide Industries Ltd.
- Clarios
- Exide Technologies Inc.
- GS Yuasa Corporation
- EnerSys Inc.
- Panasonic Corporation
- East Penn Manufacturing Company
- Leoch International Technology Limited
- CSB Battery Company Limited.
Key Insights from Primary Research:
- As per the analysis shared by our research study expert, the worldwide automobile lead-acid battery market is predicted to broaden each year at the yearly development rate of around 5% over the projection timespan (2023-2030)
- In regards to earnings, the worldwide automobile lead-acid battery market size was examined at almost $26 billion in 2022 and is anticipated to reach $40 billion by 2030.
- The worldwide automobile lead-acid battery market is expected to tape huge development over the projection duration owing to a growing need for electrical & hybrid lorries around the world.
- In regards to item, the SLI batteries sector is slated to sign up the fastest CAGR over the analysis duration.
- On the basis of type, the VRLA batteries sector is forecasted to control the segmental rise over the projection duration.
- Based on end-use, the automobile sector is anticipated to lead the sector over the projection timespan.
- Region-sensible, the North American automobile lead-acid battery market is predicted to sign up the greatest CAGR throughout the evaluation timeline.
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Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A comprehensive analysis By Product, By Type, By End-Use, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Asia-Pacific to represent a significant share of the worldwide market over the analysis timeline
In 2022, Asia-Pacific represented over half of the worldwide market share for automobile lead-acid batteries. It is expected that Asia-Pacific will continue to control the worldwide market throughout the expected timeframe. A increase in quick industrialization, urbanization, and an increasing need for premium cars and trucks in countries such as India, China, Malaysia, South Korea, Japan, and Singapore might be accountable for the marketplace boom that has actually happened in the area throughout the course of the assessment timeline.
Furthermore, the existence of essential automobile makers in the area will contribute substantially to the earnings of the marketplace in the Asia-Pacific area. In addition, the local market patterns will be decorated by a boom in need for electrical and hybrid vehicles throughout the subcontinent at subsidized rates.
In addition, the marketplace for lead-acid batteries utilized in vehicles in North America is expected to tape the greatest CAGR throughout the course of the assessment duration. Increasing patterns in using sustainable sources of energy, which are equating into a considerable need for electrical lorries in nations such as Canada and the United States, are amongst the most essential development drivers of the sector in the area. In addition to this, an increase in the quantity of money that consumers have available to spend will increase the capacity for growth of the business in the area.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Opportunities in the Automotive Lead-Acid Battery Market:
The worldwide market for automobile lead-acid batteries is poised to witness brand-new opportunities for development, driven by a considerable boost in vehicle production worldwide. The increasing production and customer need for lorries will produce favorable conditions for the growth of the lead-acid battery market in the automobile sector. Furthermore, improvements in battery innovation will lead the way for ingenious services, providing fresh potential customers for market development on an international scale.
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