What Has Been the Progress and Growth of the Automotive Lead Acid Batteries Market in Recent Years?
The automotive lead acid batteries market has seen considerable growth due to a variety of factors.
• In recent times, the market size for automotive lead acid batteries has experienced consistent growth. With an anticipated rise from $36.93 billion in 2024 to about $38.54 billion in 2025, the market is expected to expand at a compound annual growth rate (CAGR) of 4.4%. Factors such as growth in the automotive industry, dominance of conventional vehicles, their dependability and long-lasting nature, demand from the aftermarket, cold cranking capacity, and compatibility with start-stop systems have significantly contributed to this historical growth phase.
How Does the Forecast Look for the Automotive Lead Acid Batteries Market?
The Automotive Lead Acid Batteries market is expected to maintain its strong growth trajectory in upcoming years.
• Growth is expected to be robust in the automotive lead acid batteries market over the next few years, reaching a total value of $47.97 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%.
Various factors contribute to this projected growth during the forecast period, including the shift towards mild hybrid systems, sustained prevalence in traditional vehicles, successful market penetration in emerging regions, backing for commercial vehicles, hybridization patterns, and government initiatives promoting recycling. The forecast period will likely witness several key trends such as a growing focus on start-stop technology, the evolution of battery technologies, the emerging popularity of micro-hybrid vehicles, the integration of intelligent battery technologies, along with changes in consumer tastes and technologies.
What Are The Leading Drivers Of Growth In The Automotive Lead Acid Batteries Market?
The anticipated surge in demand for electric vehicles is likely to fuel the expansion of the automotive lead-acid batteries market in the future. Concerns over global warming and the ambition to reach net-zero emissions are contributing to the worldwide transition towards emissions-free transportation. Factors such as the establishment of EV charging stations, hydrogen fueling stations, and governmental efforts to promote and enforce the use of electric vehicles are heightening the demand for automotive lead-acid batteries known for their high performance, affordability, safety, and reliability. For instance, in April 2023, the International Energy Agency (IEA), an intergovernmental organization based in France, reported that sales of electric cars composed 14% of the total new car sales globally in 2022, an impressive climb from 9% in 2021. This tendency is projected to persist in 2023, with more than 2.3 million electric cars being sold only in the first quarter, marking a 25% rise from the same time the previous year. Moreover, it is estimated that 14 million electric vehicles will be sold by 2023's end, reflecting a 35% annual rise, with sales expected to gain momentum in the year's latter half. Hence, the escalating demand for electric vehicles will stimulate the automotive lead-acid batteries market.
How Are The Segments Defined Within The Global Automotive Lead Acid Batteries Market?
The automotive lead acid batteries market covered in this report 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
Subsegments:
1) By Flooded Batteries: Conventional Flooded Batteries, Maintenance-Free Flooded Batteries
2) By Enhanced Flooded Batteries (EFB): EFB For Start-Stop Systems, EFB For Conventional Applications
3) By VRLA Batteries (Valve-Regulated Lead-Acid): Absorbent Glass Mat (AGM) Batteries, Gel Batteries
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How Are New Trends Expected To Influence The Growth Of The Automotive Lead Acid Batteries Market?
The progression of technology within the automotive lead-acid battery market is an emerging trend that is becoming increasingly popular. Companies that have a stronghold on the automotive lead-acid battery market are shifting focus onto developing and delivering improved battery solutions in a bid to consolidate their market presence. A case in example is Schaeffler India, a company based in India that specializes in the production of ball and roller bearings. In June 2023, it introduced the TruPower 2W batteries specifically for use in two-wheelers, including the electric variants. These batteries come with superior features and are also accompanied by a warranty period of 24 months, offering a trustworthy and lasting power option. This makes these batteries an attractive proposition for two-wheeler owners who prioritize performance and dependability.
Who Are the Key Players In The Automotive Lead Acid Batteries Market?
Major companies operating in the automotive lead acid batteries market include:
• GS Yuasa International Limited
• Johnson Controls Inc.
• Exide Industries Limited
• EnerSys Inc.
• Panasonic Corporation
• CSB Battery Company Limited
• East Penn Manufacturing Company
• Leoch International Technology Limited
• NorthStar Battery Company LLC
• Clarios LLC
• Koyo Battery Company Limited
• FIAMM Energy Technology S.P.A
• Reem Batteries & Power Appliances Co. SAOC
• Trojan Battery Company LLC
• C&D Technologies Inc.
• Robert Bosch GmbH
• Thai Bellco Battery Co.Ltd.
• Crown Battery Manufacturing Company
• Narada Power Source Co. Ltd.
• Shandong Sacred Sun Power Sources Co.Ltd.
• Amara Raja Batteries Limited
• Banner Batterien GmbH
• Camel Group Co.Ltd.
• Fengfan Co.Ltd.
• Guangdong Dynavolt Power Technology Co. Ltd.
• Haze Battery Co. Ltd.
• Hitachi Chemical Energy Technology Co. Ltd.
• Zibo Torch Energy Co.Ltd.
• Coslight Technology International Group Co.Ltd.
• PT Astra International Tbk
What Is The Most Dominant Region In The Automotive Lead Acid Batteries Market?
Asia-Pacific was the largest region in the automotive lead acid batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
