The report "Automotive Lead-Acid Battery Market by Product (SLI Batteries, Micro Hybrid, Auxiliary), Type (Flooded, VRLA), End Use (Passenger Cars, Light Heavy Commercial Vehicles, Two Wheelers, Three Wheelers), and Region - Global Forecast to 2032", is projected to grow from USD 28.88 billion in 2024 to USD 36.72 billion by 2032, at a CAGR of 3.0% during the forecast period. Major factors contributing to the growth of the automotive lead acid battery market includes Passenger vehicles, commercial vehicles, and two-wheelers all depend on lead-acid batteries for starting, lighting, and ignition (SLI) applications. The surge in vehicle ownership, fueled by increasing urbanization and rising disposable incomes in developing regions, has further boosted demand. Additionally, the steady production of ICE vehicles, which still dominate the global automotive market despite the rise of electric vehicles (EVs), ensures sustained reliance on lead-acid batteries.
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150 – Figures
180 – Pages
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The SLI battery segment is expected to account for the largest value share of the automotive lead acid battery market by product during the forecast period.
SLI (Starting, Lighting, and Ignition) batteries hold the largest value share in the automotive lead acid battery market due to their widespread use in traditional internal combustion engine vehicles. These batteries are essential for powering critical vehicle functions like starting the engine, providing electricity to lighting systems, and supporting electrical components. The dominance of SLI batteries is attributed to the vast number of ICE vehicles on the road, especially passenger cars which form the largest segment within the automotive market.
By type, the VRLA batteries segment is expected to account for the largest market share in terms of value during the forecast period.
Valve-Regulated Lead-Acid (VRLA) batteries dominate the automotive lead acid battery market by value share due to their superior performance and maintenance-free operation. They are widely used in motorcycles, passenger cars, and commercial vehicles. VRLA batteries offer benefits like longer lifespan, leak-proof design, and the ability to be mounted in any orientation. These advantages, coupled with increasing demand for high-performance batteries, have driven the growth of the VRLA segment and solidified its position as the largest by value share.
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By End Use, the passenger cars segment is expected to account for the largest market share during the forecast period in terms of value.
Passenger cars account for the largest value share in the automotive lead acid battery market due to their sheer number on the road globally. The majority of passenger cars still rely on internal combustion engines, which require powerful batteries to start and operate. As the automotive industry continues to grow, especially in developing countries, the demand for passenger cars and consequently, lead acid batteries is expected to remain strong. However, the increasing adoption of electric vehicles is likely to gradually reduce the market share of passenger cars in the long run.
By customer segment, the aftermarket segment is expected to account for the largest market share during the forecast period in terms of value.
The aftermarket segment holds the largest value share in the automotive lead acid battery market due to the inevitable need for battery replacements as vehicles age. As lead-acid batteries have a finite lifespan, the demand for replacement batteries remains consistent. Factors like increasing vehicle ownership, especially in emerging markets, and the aging vehicle fleet contribute to the growth of the aftermarket segment. Additionally, advancements in battery technology, such as enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries, cater to the evolving needs of modern vehicles and further drive the aftermarket demand.
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Asia Pacific will register the largest market share during the forecast period.
The Asia Pacific region holds the largest value share in the global automotive lead acid battery market due to its massive automotive industry, rapid urbanization, and increasing vehicle ownership rates. Countries like China, India, and Japan are major automotive hubs, driving significant demand for lead-acid batteries. Additionally, the region's growing middle class and rising disposable incomes are fueling the purchase of personal vehicles, further boosting the market. Moreover, the presence of several key automotive manufacturers and suppliers in the region contributes to its dominance in the lead-acid battery market.
Automotive Lead Acid Battery Companies
Some of the leading players in this market include EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India). Some of the leading players in this market include EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India).
EnerSys (US)
EnerSys is a global leader in stored energy solutions, providing varieties of batteries to different applications. The company offers its products through various segments, including motive power (for forklifts, material handling equipment, and others), energy systems (for data centers, telecom, and others), and specialty for various niche applications. It offers services that include designing, building, installing, and maintaining battery systems. It offers its products for use in different industries, including communications network, logistics warehousing, transportation, cable broadband, data centers, industrial power utilities, aerospace defense, safety security, and medical.
The company has a global presence with manufacturing facilities in China, Europe, the US, and Oceania and serves customers in over 100 countries. It also has regional headquarters in Europe and Asia. Alpha Technologies Services, Inc. (US), NorthStar Battery (US), Odyssey Battery (US), ICS Industries (Australia), and Purcell Systems (US)are the subsidiaries of Enersys.
? Top 10 Key Players in the Automotive Lead Acid Batteries Market
- Johnson Controls (Now Clarios, U.S.)
A global leader with a massive share in OEM and aftermarket battery sales. Known for high-performance and AGM batteries for vehicles worldwide. - GS Yuasa Corporation (Japan)
A prominent player in Asia, providing reliable battery solutions to automotive OEMs and the replacement market. - Exide Industries (India)
A key supplier in Asia-Pacific, with a strong footprint in both automotive and industrial segments. - East Penn Manufacturing (U.S.)
Manufacturer of the Deka battery brand, East Penn is renowned for innovation in AGM and enhanced flooded batteries. - EnerSys (U.S.)
While known for industrial batteries, EnerSys also serves the automotive sector with dependable SLI batteries. - Amara Raja Batteries Ltd. (India)
Producer of the Amaron brand, it holds a strong market share in India and exports to the Middle East and Southeast Asia. - Panasonic Corporation (Japan)
In addition to lithium batteries, Panasonic offers lead acid batteries suited for compact and hybrid vehicles. - Hitachi Chemical Co., Ltd. (Japan)
Supplies advanced lead-acid batteries with a focus on start-stop technology and automotive applications. - Hankook AtlasBX Co., Ltd. (South Korea)
Strong presence in global markets with high-quality lead acid batteries catering to automotive manufacturers. - ACDelco (Subsidiary of General Motors, U.S.)
Supplies OEM and aftermarket lead acid batteries in North America, with consistent demand from GM vehicles and more.
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? Market Analysis
- Continued Dominance in SLI Applications:
Lead acid batteries still dominate the market for engine starting due to their affordability, mature technology, and ability to supply high burst power. - Growing Demand in Emerging Markets:
Rapid motorization in Asia, Africa, and Latin America fuels demand for conventional vehicles and replacement batteries. - AGM and EFB Advancements:
The development of Absorbent Glass Mat (AGM) and Enhanced Flooded Batteries (EFB) improves performance in start-stop systems, extending lead acid relevance in modern cars.
