Global Automotive Lead Acid Battery Market

The global automotive lead acid battery market is estimated to register a robust CAGR during the forecast period, between 2021 and 2028. An automotive lead acid battery is a rechargeable battery invented by Gaston Planté in 1859. They are used in automobiles for starting, lighting, and ignition (SLI). Sponge lead (Pb) and lead peroxide (PbO2) batteries convert chemical energy into electrical energy by immersing their plates in sulfuric acid. Those batteries have been around for 100 years and still serve as a popular source of energy storage today. They have a high cell voltage and are less expensive. These batteries are commonly used in power stations and substations. The cells of these batteries are powerful despite their low power-to-weight and volume-to-energy ratio. This implies that they have a large power-to-weight ratio even though the energy ratios for their cells are low. The high current required by automobile starter motors makes them highly compatible with motor vehicles. Apart from providing voltage for various vehicle accessories such as music systems, wipers, radios, air conditioners, and chargers. Lead acid batteries also assist in supplying power to electrical systems.

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Market Trends, Drivers, Restraints, and Opportunities:

• Growing automotive production and sales, as well as the increasing vehicle production, can positively affect the market.
• Cost-effectiveness of lead acid batteries can positively influence the market growth.
• Low-cost alternatives in energy storage and rising safety concerns about battery usage can restrain the growth of the market.
•  Limited use of lead acid batteries used in automotive applications and the rise of electric vehicles can pose further challenges to the market.
• Growing R&D activities can create new opportunities for the automotive lead acid batteries market.

Scope of the report:

The report on automotive lead acid battery market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Automotive Lead Acid Battery Market Segment Insights:

SLI segment is projected to hold significant market share

In the terms of applications, the market can be divided into stationary, motive and SLI. Stationary can be further divided into telecommunications, UPS, and control & switchgear. The SLI segment can be further divided into automobiles and motorcycles. The SLI segment is projected to hold significant market share owing to improvement in cranking power and extensive utilization of advanced vehicle technologies. With other applications such as micro hybrid systems and start-stop vehicles, these batteries hold a dominant position in the conventional automobile industry, which can propel product penetration.

VRLA segment is estimated to grow at a significant pace in near future

Based on constructions, the automotive lead acid battery market can be bifurcated into flooded and VRLA. The VRLA segment is anticipated to expand at a significant pace in near future due to high rate of discharge combined with reliable and high-power delivery as seen in VRLA batteries. Further, these units are offered in a variety of industries including automotive and telecommunications for their high-power reserves and easy operation, thus contributing to the growth of the lead acid battery market.

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Aftermarket segment is anticipated to account for a substantial share

On the basis of sales channels, the market can be bifurcated into OEM and aftermarket. The aftermarket segment is anticipated to account for a substantial share. In this segment, as battery replacements have increased at the end of the service, aftermarket service providers make up the majority of the sales channel market share. Batteries manufacturers and suppliers can benefit from expanded market opportunities. In contrast, the application for which a battery is deployed plays a major role in determining sales channel trends. A dealer and other vendors who provide aftermarket sales services, for example, can benefit from these services across the automobile sector.

Asia Pacific is expected to dominate the market

In terms of regions, the automotive lead acid battery market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market owing to the positive outlook toward the growth of the automotive sector along with ongoing industrialization. The region is highly characterized by the presence of restricted access to electricity and rising urbanization. Increasing investment across commercial infrastructure development can fuel a requirement for efficient energy storage devices including UPS and inverters, which is estimated to stimulate product adoption across the region.

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Segments

Segments Covered in the Report:

By Applications

• Stationary
  • Telecommunication
  • UPS
  • Control & Switchgear
  • Others
• Motive
• SLI
  • Automobiles
  • Motorcycles

• Flooded
• VRLA

• OEM
• Aftermarket

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

• Clarios
• Exide Industries Limited
• Leoch
• Shangdong
• C&D Technologies
• GS Yuasa
• East Penn
• Zibo
• Furukawa
• Crown Battery
• B.B. Battery
• HOPPECKE
• First National Battery
• Koyo Battery
• Middle East Battery
• Enersys

Competitive Landscape

Key players in the automotive lead acid battery market are Clarios, Exide Industries Limited, Leoch, Shangdong, C&D Technologies, GS Yuasa, East Penn, Zibo, Furukawa, Crown Battery, B.B. Battery, HOPPECKE, First National Battery, Koyo Battery, Middle East Battery, and Enersys. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.