Automotive Lead-Acid Battery Market Size to Grow by USD 4,077.41 Mn: Market Research Insights Highlight Growing Electronic Applications in Passenger Cars as Key Driver

NEW YORK, January 24, 2023 /PRNewswire/ — According to Technavio, automotive lead battery market will witness a CAGR of 2.41% between 2022 and 2023. The market is segmented by application (aftermarket and OEM), vehicle type (passenger and commercial), and geography (APAC, North America, Europe, South Americaand Middle East and Africa). Automotive Lead Acid Battery Market Size is expected to increase by 4,077.41 million US dollars at a CAGR of 2.84% from 2022 to 2027 – Request a sample report

Technavio has announced its latest market research report titled Global Automotive Lead-Acid Battery Market 2023-2027.

Automotive Lead Acid Battery Market – Vendor Insights

The global automotive lead-acid battery market is fragmented, and suppliers apply different strategies to compete in the market. Well-known suppliers are working on developing efficient automotive lead-acid batteries for customers. Increasing electronic content in automobiles and increasing adoption of electric vehicles are increasing the need for batteries, which is driving the demand for automotive lead-acid batteries. Such factors are expected to intensify competition in the market during the forecast period.

The report analyzes the competitive landscape of the market and offers information on several vendors in the market, including:

  • Amara Raja Group

  • Banner GmbH

  • C and D Technologies Inc.

  • Camel Group Co. Ltd.

  • Clarios

  • Crown Battery Manufacturing Co.

  • CSB Energy Technology Co. Ltd.

  • East Penn Manufacturing Co. Inc.

  • EnerSys

  • EverExceed Industrial Co. Ltd.

  • Exide Industries Ltd.

  • GS Yuasa Corp.

  • HBL Power Systems Ltd.

  • Johnson Controls International Plc.

  • Leoch International Technology Ltd.

  • For details on suppliers and their offerings – Buy the report!

Automotive Lead Acid Battery Market – Geographical Analysis

APAC will provide maximum growth opportunities for the automotive lead-acid battery market during the forecast period. According to our research report, the region will account for 61% of the global market growth.

China, Indiaand Japan are the major markets for automotive lead-acid batteries in APAC. Increasing disposable income and the launch of new car models by OEMs are driving the market growth. APAC has the largest number of potential first-time buyers of passenger cars, leading to growth in sales of such cars. These factors will drive the automotive lead-acid battery market in the region during the forecast period.

Learn more about the geographic distribution of this market along with a detailed analysis of the leading regions: https://www.technavio.com/report/automotive-lead-acid-battery-market-industry-analysis?v1

Automotive Lead Acid Battery Market – Key Segment Analysis

The secondary market segment will grow at a significant rate during the forecast period. Lead-acid batteries provide a rapid increase in power in a short time. Hence, they dominate the auto spare parts market. In the automotive industry, the lead-acid battery is the only battery technology available for Scalable Link Interface (SLI) applications due to its high cold cranking performance. The low cost of lead-acid batteries will drive the dominant growth of this segment during the forecast period.

Download a sample to get additional highlights and key points about different market segments and their impact in the coming years.

Automotive Lead Acid Battery Market – Key Market Drivers and Challenges

The a growing number of electronic applications in passenger cars driving the growth of the global automotive lead-acid battery market. Some of the technologies used in passenger cars include global positioning systems (GPS), music systems, Bluetooth and wireless charging. The adoption of electronic applications in passenger cars is increasing due to the increasing demand for improved navigation systems, safety and comfort. Therefore, there is a high demand for efficient batteries, such as automotive lead-acid batteries, which can power electronic components. Such factors are expected to drive the growth of the global automotive lead-acid battery market during the forecast period.

Strict laws to prevent lead pollution driving the growth of the global automotive lead-acid battery market. Increasing production of lead-acid batteries can lead to lead pollution. These batteries require large amounts of lead, which is often mixed with the exhaust gases. To limit lead poisoning, the governments of many countries have introduced strict laws. For example, the government of China shut down most lead-acid battery manufacturing plants and also imposed strict regulations and standards on battery disposal and manufacturing. Such regulations will hamper the growth of the market during the forecast period.

Download a sample of highlights on the market drivers and challenges affecting the Automotive Lead Acid Battery market.

What are the key data included in this Automotive Lead Acid Battery market report?

  • Market CAGR during the forecast period

  • Detailed information about the factors that will drive the growth of the Automotive Lead-Acid Battery market between 2023 and 2027.

  • An accurate estimation of the Automotive Lead Acid Battery market size and its contribution to the parent market

  • Accurate predictions of upcoming trends and changes in consumer behavior

  • APAC market growth, North America, Europe, South Americaand Middle East and Africa

  • In-depth analysis of the competitive landscape of the market and detailed information on suppliers

  • Comprehensive Analysis of Factors That Will Drive Vendor Growth in the Automotive Lead-Acid Battery Market

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The soot in the lead-acid battery market size is expected to increase by 116.06 million US dollars from 2021 to 2026 and the market growth momentum will accelerate at a CAGR of 4.45%. This report extensively covers the segmentation by battery type (flooded lead-acid and valve-regulated lead-acid (VRLA)) and geography (APAC, North America, Europe, South Americaand Middle East and Africa).

Automotive Lead Acid Battery Market Scope

Report coverage

Details

Page number

168

Base year

2022

Historical period

2017-2021

Estimated period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 2.84%

Market Growth 2023-2027

4,077.41 million US dollars

Market structure

Torn apart

Year-on-year growth 2022-2023 (%)

2.41

Regional analysis

APAC, North America, Europe, South America and the Middle East and Africa

Effective market contribution

APAC at 61%

Key countries

USA, China, Japan, India and Germany

The competitive environment

Leading suppliers, market positioning of suppliers, competitive strategies and industry risks

Key companies profiled

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Banner GmbH, C and D Technologies Inc., Camel Group Co. Ltd., Clarios, Crown Battery Manufacturing Co., CSB Energy Technology Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, EverExceed Industrial Co. Ltd., Exide Industries Ltd., GS Yuasa Corp., HBL Power Systems Ltd., Johnson Controls International Plc., Leoch International Technology Ltd., MIDAC SpA, Panasonic Holdings Corp., Robert Bosch GmbH and The Furukawa Battery Co. Ltd.

Market dynamics

Major market analysis, drivers and barriers to market growth, fast and slow growing segment analysis, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and market status analysis for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Look for Technavio’s utility market reports

Contents:

1 Summary

2 Market landscape

3 Sizing the market

4 Historical market size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market segmentation by vehicle type

8 Customer landscape

9 Geographical landscape

10 drivers, challenges and trends

11 Supplier landscape

12 Supplier Analysis

13 Appendix

About us:

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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