Automotive Lead Acid Batteries - Global Strategic Business Report

The global market for Automotive Lead Acid Batteries was valued at US$13 Billion in 2024 and is projected to reach US$15 Billion by 2030, growing at a CAGR of 2.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Automotive Lead Acid Batteries Market - Key Trends and Drivers Summarized

Lead-acid batteries engineered for initiating automotive engines are tailored for providing a high burst of power to kickstart the combustion process. The battery design is characterized by numerous thin plates meticulously arranged to maximize surface area, thereby facilitating rapid current output essential for engine ignition. The automotive lead-acid battery market is experiencing diversification in terms of applications and geographic markets. Beyond conventional passenger vehicles, lead-acid batteries find applications in commercial vehicles, including trucks, buses, and industrial equipment. Furthermore, emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for automotive lead-acid batteries. Factors such as urbanization, industrialization, and infrastructure development drive the demand for vehicles, thus creating a need for reliable battery solutions. As these regions continue to invest in automotive electrification and modernization, the demand for lead-acid batteries is projected to continue.

The transition to electric vehicles (EVs) marks a pivotal moment in the automotive industry, driven by the imperative to reduce carbon emissions and embrace sustainable transportation solutions. As EVs gain traction worldwide, the discussion around battery technology becomes increasingly pertinent. Lead-acid batteries, long-standing staples in automotive engineering, face scrutiny amid the rise of newer, more advanced alternatives. The future of lead-acid batteries in electric vehicles (EVs) is nuanced, facing both challenges and opportunities. Despite their historical prominence in the EV sector, particularly for low-speed and short-range applications, lead-acid batteries are gradually being overshadowed by more advanced battery technologies like lithium-ion, which offer longer lifespans, higher energy densities, and lighter weights.

However, lead-acid batteries still hold certain advantages, particularly in terms of cost and availability, which keep them relevant in specific niches. Their low cost makes them suitable for applications where budget constraints are significant, such as in golf carts, forklifts, and some hybrid electric vehicles where they power auxiliary functions. Moreover, ongoing advancements in lead-acid technology, such as the development of Absorbent Glass Mat (AGM) batteries, show potential for improved performance and extended lifespans, which could enhance their applicability in larger EVs.

Report Scope

The report analyzes the Automotive Lead Acid Batteries market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

End-Use (Aftermarket Passenger Cars, Aftermarket Commercial Vehicles, Aftermarket Motorcycles, OEM Passenger Cars, OEM Commercial Vehicles, OEM Motorcycles).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Aftermarket Passenger Cars End-Use segment, which is expected to reach US$6.2 Billion by 2030 with a CAGR of a 3.3%. The Aftermarket Commercial Vehicles End-Use segment is also set to grow at 2% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $3.5 Billion in 2024, and China, forecasted to grow at an impressive 4.3% CAGR to reach $2.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ATLASBX Co., Ltd., Camel Group Co., Ltd., Crown Battery, East Penn Manufacturing Company, Inc., ENERSYS and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Lead Acid Batteries Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Lead Acid Batteries Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Lead Acid Batteries Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 62 major companies featured in this Automotive Lead Acid Batteries market report include:

• ATLASBX Co., Ltd.
• Camel Group Co., Ltd.
• Crown Battery
• East Penn Manufacturing Company, Inc.
• ENERSYS
• Exide Technologies
• FIRST NATIONAL BATTERY
• Fujian Quanzhou Dahua Battery Co. Ltd.
• Furukawa Battery Co. Ltd.
• GS Yuasa Corporation
• Hitachi Chemical Energy Technology Co., Ltd
• Johnson Controls, Inc.
• Leoch Battery Corporation
• Lion Batteries Holdings Pty Ltd.
• Narada Power Source Co., Ltd.
• Trojan Battery Company
• Yokohama Batteries
• ZIBO TORCH ENERGY Co., LTD.