How has the Automotive Lead Acid Batteries Market performed so far and how will it perform in the coming years?
The automotive lead acid batteries market size has grown steadily in recent years. It will grow from $36.93 billion in 2024 to $38.54 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to automotive industry growth, conventional vehicle dominance, reliability and durability, aftermarket demand, cold cranking performance, support for start-stop systems.
The automotive lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $47.97 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to transition to mild hybrid systems, continued dominance in conventional vehicles, market penetration in developing regions, support for commercial vehicles, hybridization trends, government support for recycling. Major trends in the forecast period include increased focus on start-stop technology, advancements in battery technologies, rise of micro-hybrid vehicles, integration of smart battery technologies, evolving consumer preferences and technologies.
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Which factors are driving the automotive lead acid batteries market growth?
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 increase the demand for automobile lead-acid batteries, offering high power, inexpensive, safe, and reliable drive.
What are the primary segments of the Global Automotive Lead Acid Batteries Market?
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
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Who are the key players in the automotive lead acid batteries market?
Major companies operating in the automotive lead acid batteries market are 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 trends are shaping the future of the automotive lead acid batteries market?
The technological advancements in the automotive lead-acid battery market are a key trend gaining popularity in the market. For instance, in June 2023, Schaeffler India, an India-based ball and roller bearing manufacturing company, launched TruPower 2W batteries designed for two-wheelers. These batteries, equipped with advanced features and backed by a 24-month warranty, provide a dependable and durable power solution.
Which region holds the largest market share 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.
What Does The Automotive Lead Acid Batteries Market Report 2025 Offer?
The automotive lead-acid batteries refer to a rechargeable battery that supplies electric energy to an automobile. These lead-acid batteries have a high current and surge capability, making them ideal for starting internal combustion engines. It boosts vehicle performance by delivering increased longevity, dependability, efficiency, and tolerance. Due to their increased cell voltage levels and low cost of production, these batteries are commonly used in substations and power systems. The Automotive Lead Acid Batteries Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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