Automotive Lead Acid Batteries Market - Forecast(2024 - 2030)
Automotive Lead Acid Batteries Market Overview:
Electronic systems being an integral element of modern automotive has invaded 30% of the overall vehicle manufacturing cost. Electronics have integrated itself from operations covering sophisticated pleasurable experience such as radio, music systems, air-condition control, and parking assistance to core engineering components such as engine, ignition, transmission, auto control steering, safety airbags, and anti-lock brake. To fuel such operations, automotive lead acid batteries are emerging as an inevitable asset as it is a storage device for electrical energy requisite to power electrical circuits within a car. Owing to the automotive-electronics stride, automotive lead acid batteries market opportunities is estimated to be worth $14.2 billion as of 2018.
Automotive Lead Acid Batteries Market Outlook:
The extensive usage of VLRA batteries as starting, lighting and ignition (SLI) batteries in motor vehicles is a foremost driving factor. And with the production of motorized vehicles surpassing 91 million in 2018, according to OICA, the automotive lead acid batteries market is foreseen to be progressing at a healthy CAGR of 6.20% during the forecast period of 2019-2025.
Followed by a regional viewpoint of the global automotive lead acid batteries market, APAC is listed as the dominant region in terms of overall demand. This region encompassing India and China as the leading automotive manufacturing nucleus, accounting for a substantial 65% of the global automotive lead acid batteries market demand share in 2018. Sale of passenger cars in China exceeded 23 million units (AECA).[1] Out of the top 10 global car manufacturers, 5 companies are stationed in the APAC with Toyota at 1st, Honda at 6th, SAIC Motor at 7th, Nissan at 8th and Dongfeng at 10th spot.[2] Similarly, APAC countries' automotive sector is growing at an impeccable rate in India (7.98%), Indonesia (10.31%), and Malaysia (12.18%) as of 2018 (OICA),[3] which also determines the sheer affluence of this region in the automotive batteries market.
After a thorough scrutiny of the application segments, passenger cars subdivision was reckoned to be holding the apex spot, with opportunities escalating with a CAGR of 3% going through 2025. Increasing disposable income amalgamated with changing approach of consumers towards automotive as a need rather than just a luxury is disrupting the sales of passenger vehicles globally. As per the AECA (European Automobile Manufacturers Association), passenger car sales in leading passenger car markets of China and Europe total unit sales exceeded 38 million.[4]
Automotive Lead Acid Batteries Trends and Growth Drivers:
· The emergence of hybrid and battery electric vehicles as a universal resolution for carbon emission and rapid depletion of natural resources and fossil fuels are adding an additional application segment for the automotive lead acid batteries to be exploited profitably. As per the evaluation from the International Energy Agency, the extent of electric vehicles running on the road will touch 125 million by 2030.[5]
· Average lifespan of vehicles are increasing due to advanced engineering and has reached an average of 13-17 years from 11.4 years in 2014. With additional tenure added to the performing automotive, the scope of renewed application for automotive lead acid batteries also increases. On an average, the lifespan of a single battery is 5 to 7 years, which develops a viewpoint that as of now with increased lifespan up to 17 years, a vehicle needs up to 3 batteries rather than 2 during the performing tenure of 11 years.
· R&D in the chemical industry have emerged with the concept of lightweight and high-speed lead acid battery charging. Incorporating such batteries will optimize the performance and efficiency of the automotive vehicle. ‘Light weighting’ is a major trend disrupting the automotive sector and exhibiting such traits aids in pushing lead acid batteries as a favorable asset for vehicle companies.
Automotive
Lead Acid Batteries Challenges:
Lead-acid batteries are usually reliable for daily automotive practices, but these batteries do have some dismissive shortcomings when compared to their counterparts such as lithium ion. Lead acid batteries for automotive are heavy and displays vulnerability of overheating during charging accompanied with flammable gas very rarely. However, the market is chasing innovations from the chemical engineering domain and has already leapfrogged certain shortcomings like a heavyweight and slow charging.
Automotive
Lead Acid Batteries Market Players Perspective:
The major players operating in the automotive lead acid market are A.C Delco Corporation, ATLASBX Co. Ltd., Banner Batteries, Crown Battery, Exide Technologies, Furukawa Battery Co. Ltd., East Penn Manufacturing Company Inc., ENERSYS, Trojan Battery Company, and GS Yuasa Corporation.
Exide Technologies, the largest manufacturer of lead acid storage batteries in India and global presence marked in more than 50 nations recorded a net turnover of for the FY 2017-2018 with 21% increase year on year. The Indian giant in collaboration with East Penn Manufacturing Company (one of the largest American lead acid battery manufacturers) launched Revolutionary Punched Grid Technology for automotive. Punched Grid batteries provide top-notch performance compared to batteries manufactured with any other plate-making technology.
[1] https://www.acea.be/news/article/why-chinese-and-european-auto-manufacturers-need-to-work-more-closely-toget
[2] http://www.carlogos.org/reviews/Largest-Car-Companies-in-the-World.html
[3] http://www.oica.net/category/production-statistics/2018-statistics/
[4] https://www.acea.be/news/article/why-chinese-and-european-auto-manufacturers-need-to-work-more-closely-toget
[5] https://www.iea.org/gevo2018/
LIST OF TABLES
1.Global Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)1.1 Flooded Batteries Market 2023-2030 ($M) - Global Industry Research
1.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Global Industry Research
1.3 VRLA Batteries Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
2.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Global Industry Research
2.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Global Industry Research
3.Global Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
3.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Global Industry Research
3.2 Passenger Cars Market 2023-2030 ($M) - Global Industry Research
3.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Global Industry Research
3.4 Two Wheelers Market 2023-2030 ($M) - Global Industry Research
3.5 Three Wheelers Market 2023-2030 ($M) - Global Industry Research
3.5.1 U.S. By Market Market 2023-2030 ($M)
3.5.2 U.K. By Market Market 2023-2030 ($M)
3.5.3 UAE By Market Market 2023-2030 ($M)
4.Global Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
5.Global Automotive Lead Acid Batteries Market By Type Market 2023-2030 (Volume/Units)
5.1 Flooded Batteries Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Enhanced Flooded Batteries Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 VRLA Batteries Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 (Volume/Units)
6.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Automotive Lead Acid Batteries Market By End User Market 2023-2030 (Volume/Units)
7.1 Automotive Market By Vehicles Use Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Passenger Cars Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Light & Heavy Commercial Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Two Wheelers Market 2023-2030 (Volume/Units) - Global Industry Research
7.5 Three Wheelers Market 2023-2030 (Volume/Units) - Global Industry Research
7.5.1 U.S. By Market Market 2023-2030 (Volume/Units)
7.5.2 U.K. By Market Market 2023-2030 (Volume/Units)
7.5.3 UAE By Market Market 2023-2030 (Volume/Units)
8.Global Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 (Volume/Units)
9.North America Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)
9.1 Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
9.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
9.3 VRLA Batteries Market 2023-2030 ($M) - Regional Industry Research
10.North America Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
10.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
10.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
11.North America Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
11.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Regional Industry Research
11.2 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
11.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.4 Two Wheelers Market 2023-2030 ($M) - Regional Industry Research
11.5 Three Wheelers Market 2023-2030 ($M) - Regional Industry Research
11.5.1 U.S. By Market Market 2023-2030 ($M)
11.5.2 U.K. By Market Market 2023-2030 ($M)
11.5.3 UAE By Market Market 2023-2030 ($M)
12.North America Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
13.South America Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)
13.1 Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
13.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
13.3 VRLA Batteries Market 2023-2030 ($M) - Regional Industry Research
14.South America Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
14.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
14.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
15.South America Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
15.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Regional Industry Research
15.2 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
15.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Regional Industry Research
15.4 Two Wheelers Market 2023-2030 ($M) - Regional Industry Research
15.5 Three Wheelers Market 2023-2030 ($M) - Regional Industry Research
15.5.1 U.S. By Market Market 2023-2030 ($M)
15.5.2 U.K. By Market Market 2023-2030 ($M)
15.5.3 UAE By Market Market 2023-2030 ($M)
16.South America Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
17.Europe Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)
17.1 Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
17.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
17.3 VRLA Batteries Market 2023-2030 ($M) - Regional Industry Research
18.Europe Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
18.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
18.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
19.Europe Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
19.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Regional Industry Research
19.2 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
19.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Regional Industry Research
19.4 Two Wheelers Market 2023-2030 ($M) - Regional Industry Research
19.5 Three Wheelers Market 2023-2030 ($M) - Regional Industry Research
19.5.1 U.S. By Market Market 2023-2030 ($M)
19.5.2 U.K. By Market Market 2023-2030 ($M)
19.5.3 UAE By Market Market 2023-2030 ($M)
20.Europe Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
21.APAC Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)
21.1 Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
21.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
21.3 VRLA Batteries Market 2023-2030 ($M) - Regional Industry Research
22.APAC Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
22.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
22.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
23.APAC Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
23.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Regional Industry Research
23.2 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
23.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Regional Industry Research
23.4 Two Wheelers Market 2023-2030 ($M) - Regional Industry Research
23.5 Three Wheelers Market 2023-2030 ($M) - Regional Industry Research
23.5.1 U.S. By Market Market 2023-2030 ($M)
23.5.2 U.K. By Market Market 2023-2030 ($M)
23.5.3 UAE By Market Market 2023-2030 ($M)
24.APAC Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
25.MENA Automotive Lead Acid Batteries Market By Type Market 2023-2030 ($M)
25.1 Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
25.2 Enhanced Flooded Batteries Market 2023-2030 ($M) - Regional Industry Research
25.3 VRLA Batteries Market 2023-2030 ($M) - Regional Industry Research
26.MENA Automotive Lead Acid Batteries Market By Customer Segment Market 2023-2030 ($M)
26.1 Automotive Lead Acid Batteries Market By Customer Segment Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
26.2 Customer Segment By Major Countries Aftermarket Original Equipment Manufacturers Market 2023-2030 ($M) - Regional Industry Research
27.MENA Automotive Lead Acid Batteries Market By End User Market 2023-2030 ($M)
27.1 Automotive Market By Vehicles Use Market 2023-2030 ($M) - Regional Industry Research
27.2 Passenger Cars Market 2023-2030 ($M) - Regional Industry Research
27.3 Light & Heavy Commercial Vehicles Market 2023-2030 ($M) - Regional Industry Research
27.4 Two Wheelers Market 2023-2030 ($M) - Regional Industry Research
27.5 Three Wheelers Market 2023-2030 ($M) - Regional Industry Research
27.5.1 U.S. By Market Market 2023-2030 ($M)
27.5.2 U.K. By Market Market 2023-2030 ($M)
27.5.3 UAE By Market Market 2023-2030 ($M)
28.MENA Automotive Lead Acid Batteries Market By Country Level Analysis Market 2023-2030 ($M)
LIST OF FIGURES
1.US Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)2.Canada Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
6.Peru Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
8.Chile Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
10.UK Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
11.Germany Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
12.France Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
13.Italy Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
14.Spain Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
16.China Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
17.India Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
18.Japan Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Lead Acid Batteries Market Revenue, 2023-2030 ($M)
21.North America Automotive Lead Acid Batteries By Application
22.South America Automotive Lead Acid Batteries By Application
23.Europe Automotive Lead Acid Batteries By Application
24.APAC Automotive Lead Acid Batteries By Application
25.MENA Automotive Lead Acid Batteries By Application
26.Johnson Controls Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Exide Technologies Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.GS Yuasa Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Reem Batteries & Power Appliances Co. Saoc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Enersys Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saft Groupe S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Northstar Battery Company LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.East Penn Manufacturing Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Trojan Battery Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Samsung Sdi Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Leoch International Technology Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Exide Industries Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Thai Bellco Battery Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Thai Bellco Battery Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)