The Automotive Lead Acid Batteries Global Market Report 2023 by The Business Research Company, provides automotive lead acid batteries market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Automotive Lead Acid Batteries Global Market Report 2023, the global automotive lead acid batteries market size is expected to grow from $34.38 billion in 2022 to $36.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive lead acid batteries market is expected to grow to $42.98 billion in 2027 at a CAGR of 4.4%.
The rise in demand for electric vehicles is expected to propel the growth of the automotive lead-acid batteries market going forward. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourages the use of electric vehicles. These factors increases the demand for automobile lead-acid batteries, offering high power, inexpensive, safe, and reliable drive.
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The automotive lead acid batteries market is segmented:
1) By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
2) By Product: SLI Batteries, Micro Hybrid Batteries
3) By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales via Aftermarket
4) By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
The technological advancements in the automotive lead-acid batteries market are a key trend gaining popularity in the market. Major companies operating in the automotive lead-acid batteries market are focused on providing advanced battery solutions to strengthen their market position. For instance, In June 2020, Amara Raja Batteries Limited, an India-based automotive battery manufacturer, and Gridtential Energy, a US-based company that develops energy storage technology services, teamed up to develop silicon joule bipolar technology, which is based on advanced lead batteries with silicon at their core. This innovative battery is a low-cost, high-performance, patented energy storage solution with improved power density, longer cycle life, dynamic charge acceptance, and a more comprehensive temperature range.
Top Major Players
GS Yuasa International Limited,
Johnson Controls Inc.,
Exide Industries Limited,
EnerSys Inc.,
Panasonic Corporation
The automotive lead acid batteries market report table of contents includes:
- Executive Summary
- Automotive Lead Acid Batteries Market Characteristics
- Automotive Lead Acid Batteries Market Trends And Strategies
- Automotive Lead Acid Batteries Market – Macro Economic Scenario
- Automotive Lead Acid Batteries Market Size And Growth
- Automotive Lead Acid Batteries Market Segmentation
- Automotive Lead Acid Batteries Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Automotive Lead Acid Batteries Market
- Automotive Lead Acid Batteries Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Automotive Lead Acid Batteries Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Automotive Lead Acid Batteries Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Automotive Lead Acid Batteries Market, Segmentation By Sales Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: GS Yuasa International Limited Financial Performance
Table 48: Johnson Controls Inc Financial Performance
Table 49: Exide Industries Limited Financial Performance
Table 50: EnerSys Inc Financial Performance
Table 51: Panasonic Corporation Financial Performance
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