Research Reports

Automotive & Transportation

icon
Home » Reports » Automotive Lead Acid Battery Market Global Demand Growth Analysis Opportunity Outlook 2023
Market Research Report

Automotive Lead Acid Battery Market : Global Demand, Growth Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-213 Category: Automotive & Transportation

Global Automotive Lead Acid Battery Market Overview

Lead acid batteries are rechargeable batteries widely used for starting, lightning and ignition (SLI) purpose in automobiles. Lead acid batteries have been a popular energy storage technology for the past 100 years.  These batteries also provide voltage supply to vehicle accessories such as radio, music players, air conditioners, wipers and charging plugs. Increasing vehicle production coupled with rising adoption of vehicle electrification are anticipated to be the major factors that will create vast opportunities for key players in automobile lead acid battery market.

                            Automotive Lead Acid Battery Market Demand & Growth

Market Size & Forecast

Global automotive lead battery market is anticipated to reach USD 18 billion by 2023 witnessing a compound annual growth rate of 4.2% over the forecast period i.e. 2015-2023 owing to the increasing sales of automobile vehicles across the globe.

Asia-Pacific market for automotive lead acid batteries is estimated to reach 10 billion by 2021 owing to the increased sales of automobile vehicles in India and China. In 2015, Asia-Pacific region has accounted 33% market share to global market. China is the leading manufacturer of cars in the world, sales of car in china have risen from 23.8 million in 2014 to 24.6 million in 2015, this significant increase in the sales will further boost the demand of automotive lead acid batteries in the upcoming 5-6 years.

North-America is anticipated to reach USD 3.9 billion by the end of 2021 witnessing a promising compound annual growth rate of 4.3% over the forecast period i.e. 2016-2021.

Even though new technologies associated with batteries have emerged in the market, Lead-acid batteries have been the dominant battery technology in the automotive market owing to its low cost, long lifespan and excellent cold cranking performance.

Market Segmentation

By Sales Channel

In-depth study has been carried out on the following sales channel segments:-

  • Original Equipment manufacturer(OEM)
  • Aftermarket

By Vehicle Types

Automotive lead batteries are used in wide variety of vehicle, an in-depth industry analysis is conducted on following vehicle segments:-

  • Passenger Car
  • ICE
  • Hybrid
  • Electric
  • Light Commercial Vehicle

By Battery Types

Depending upon the vehicles requirement wide ranges of lead acid batteries are designed, report contains the detailed study of following segments:-

  • Flooded Battery
  • Enhanced Flooded Battery (EFB)
  • Absorbent Glass Mat (AGM) Battery

By Region

Global Automotive Lead Acid Battery Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa ( GGC, South Africa, North Africa ) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges

Increasing sales of automotive vehicles across the globe is the major factor that drives the automotive lead acid battery market. Rising personal disposable income of developing countries such as India and China has increased the sales of two wheelers in these highly populated countries owing to high preference of such vehicles as a mode of transportation, this will further boost the growth of automotive lead acid batteries in these countries.

Increasing environmental concerns coupled with inadequate oil prices has forced the consumers across the globe to use electric powered vehicles. Governments are also promoting the adoption of alternative fuel vehicles to reduce the dependence on oil imports; automotive lead acid batteries are widely used in electric powered vehicles. This will further increase the demand automotive lead acid batteries over the forecast period. 

The rising use of lead-acid batteries by various end-user segments and other motive applications such as forklifts, railroad, and mining vehicles are expected to foster market growth during the forecast period

Technological advancement in automotive lead acid batteries such as carbon emission reduction, effective wireless charging technology for electric powered vehicles, and these emerging technological changes will result into the exponential growth of the market over the forecast period.

Lead acid battery industries requires high energy consumption and are responsible for heavy pollution, pollutants such as lead dust, acidic water waste, acid fog are discharged during the production, government regulations associated with the environmental concerns  can restrain the market growth over the forecast period.

Key Players

  • Enersys Inc.
  • Johnson Control Inc.
  • GS Yuasa Corporation
  • Panasonic Corporation
  • Leoch International Technology Ltd.
  • Exide Technologies
  • East Penn Manufacturing Company
  • CBS Battery Technologies
  • Exide Industries
  • FIAMM SpA.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

  • By Battery Type Market Size & Y-O-Y Growth Analysis
  • By Sales Channel Market Size & Y-O-Y Growth Analysis
  • By Vehicle Type Market Size & Y-O-Y Growth Analysis

By Regions

Global Automotive Lead Acid Battery Market has been studied on countries and regions like:

  • North America (U.S., Canada) Market Size & Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size & Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size & Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia) Market Size & Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size & Y-O-Y Growth Analysis
  • Rest of World  Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

                    Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top