Automotive Lead-acid Battery Market Research Report- Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2024-2030
Automotive Lead-acid Battery Market Overview
Automotive Lead-acid Battery Market size is estimated to reach $24.3billion by 2030, growing at a CAGR of 4.2% during the forecast period 2024-2030. A common application of lead-acid batteries is the starting, lighting, and ignition (SLI) battery which is commonly used in automobiles. The surging demand for automotive lead-acid batteries in internal combustion engine (ICE) vehicles is a primary driver of market growth. Moreover, lead-acid batteries are highly recyclable and have well-established infrastructure for recovering and reprocessing lead and other materials. This contributes to their environmental sustainability and reduces the overall carbon footprint of the transportation industry. Lead-acid batteries are durable and reliable making them a dependable choice for various vehicle applications. Their ability to withstand harsh operating conditions and provide consistent power output is a key factor in their continued use.
A major trend in the Automotive Lead acid Battery market is producing recyclable batteries. The facility features advanced technology to efficiently recycle used lead-acid batteries, and includes a battery breaker, an effluent plant for acid treatment, a lead smelter and a plastic reprocessing plant. The polypropylene plastic that it recovers from the battery housing is converted to pellets that are sent to its battery manufacturing plant. Another trend is the advancements in design and technology. Lead-acid battery manufacturers are continuously innovating to improve performance, reduce weight and increase lifespan. For example, the development of Absorbed Glass Mat (AGM) technology has enhanced battery performance and durability.
Market Snapshot:
Report Coverage
The report: “Automotive Lead-acid Battery – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Automotive Lead-acid Battery Market.
By Battery Type: Flooded Lead Acid Battery and Sealed Lead Acid Battery (SLA)/ Value Regulated Lead Acid (VRLA)
By Vehicle Type: Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles
By Battery Capacity: 300-450 CCA, 450-600 CCA, 600-800 CCA, 800-1000 CCA and Above 1000 CCA
By Voltage: 12V, 24V and Others
By Sales Channel: Original Equipment Manufacturer (OEM) and After Market
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Malaysia and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
- Asia-Pacific dominates the automotive lead-acid battery market as countries like China, Japan, India and South Korea are market leaders in vehicle production and sales.
- According to Battery Council International, the global automotive industry produces more than 85 million new vehicles annually. On average, each vehicle will use three to four lead batteries over its lifespan.
- The high demand for lead-acid batteries in the market is driven by their ease of recycling making them an environmentally friendly choice.
Automotive Lead-acid Battery Market Segment Analysis - By Vehicle Type
According to International Organization of Motor Vehicle Manufacturers (OICA), passenger vehicles dominated the market share with a growth rate of 11.3% in 2023, when compared with 2022 sales. Over the coming years, the automotive lead acid battery market is expected to be dominated by Passenger Vehicles. Due to their high demand, the increasing number of Vehicles on the road, and the requirement for Dependable Power Sources in Vehicles, Passenger vehicles make up the majority of the Automotive lead acid battery industry. The market is anticipated to expand in coming years due to the rising demand for backup power supplies in automobiles as well as the popularity of Electric Vehicles.
Automotive Lead-acid Battery Market Segment Analysis - By Battery Type
Sealed Lead Acid Battery (SLA)/ Value Regulated Lead Acid (VRLA) batteries dominate the lead-acid battery market due to their advanced design which offers several advantages over traditional flooded batteries. VRLA batteries including Absorbent Glass Mat (AGM) and Gel batteries are sealed and maintenance-free. This eliminates the need for regular electrolyte checks and water top-ups which makes them highly convenient for consumers. Additionally, VRLA batteries are more resistant to vibration and can be installed in various positions offering greater flexibility in vehicle design. Their superior performance, durability and safety features namely reduced risk of acid leakage further enhances their appeal. In July 2024, Exide Industries Ltd. announced that it is developing SLI-AGM batteries in collaboration with East Penn Manufacturing, USA. The batteries will be available for both domestic and international automotive markets.
Automotive Lead-acid Battery Market Segment Analysis - By Geography
Asia Pacific held the dominant share in the automotive battery market with a share of 45% and the region is expected to register the fastest growth rate during the forecast period. Increasing passenger vehicles sales across countries like China, India, Japan are fuelling the market growth. According to a report by OICA, the Asia Pacific region recorded sales of nearly 5 million new vehicles in 2023, with 10.2% growth rate, where as in 2022 it was 4.5 million Vehicles. The robust automotive manufacturing ecosystem creates a massive demand for lead-acid batteries to power the extensive fleet of conventional vehicles. Moreover, Asia-Pacific due to the increase in industrialization, there is a growing need for commercial vehicles in the region.
Automotive Lead-acid Battery Market Drivers
Sustainability and Recycling Efficiency
The lead battery industry is fostering global sustainability by evolving to meet the world’s growing energy demands. In transportation, lead batteries reduce greenhouse gas emissions in vehicles with start-stop engines and help cut fuel consumption in those vehicles by up to 10%. According to BatteryCouncil, lead batteries, with their 99% recycling rate are infinitely recyclable, especially when compared to the fewer than 15% recycling rate of lithium-ion batteries. The lead battery industry’s commitment to efficient recycling methods ensures that lead batteries are an essential part of an energy storage mix to achieve a cleaner, greener future.
Rising demand for commercial vehicles
The increasing demand for commercial vehicles is a significant market driver for automotive lead-acid batteries. Commercial vehicles, such as trucks, buses, and vans, often rely on lead-acid batteries for their power requirements. These vehicles rely heavily on lead-acid batteries for starting, powering electrical systems and auxiliary functions. As per the European Automobile Manufacturers Association (ACEA), in the first quarter of 2024, new EU van sales rose by 13.6%, with nearly 400,000 units sold on the back of strong results in key markets. Italy led with a remarkable 19.4% growth, followed by Germany at 13.7%, Spain at 10.9%, and France at 8.7%. Also, according to the National Institute of Geography and Statistics, the sales of commercial light vehicles in Mexico reached 132,929 units in June 2024, an increase of 2.5% compared to the data for May 2024. As the demand for commercial vehicles continues to grow, the need for batteries also grows.
Automotive Lead-acid Battery Market Challenges
Competition from Lithium-ion Batteries
Lithium-ion batteries have a much higher energy density compared to lead-acid batteries, meaning they can store more energy in a smaller, lighter package. This makes them particularly attractive for applications like electric vehicles (EVs) and hybrid vehicles where weight and space are critical factors. The majority of research and development in battery technology is now focused on improving lithium-ion batteries, leading to rapid advancements in their performance and further widening the gap between them and lead-acid batteries. Rising sales of EVs can be a threat to ICE vehicles as the focus on EVs may drive further technological advancements in electric drivetrains and battery technology which could make ICE vehicles and thereby automotive lead acid batteries seem outdated in comparison.
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Automotive Lead-acid Battery Market Key Players
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Automotive Lead-acid Battery Market. The top 10 players in the Automotive Lead-acid Battery Market are
- GS Yuasa Energy Co., Ltd.
- Clarios, LLC.
- Exide Technologies
- EnerSys
- Power Sonic Corporation
- Amara Raja Batteries Ltd
- East Penn Manufacturing Company
- Leoch International Technology Limited
- Furukawa Battery Co., Ltd.
- JYC Battery Manufacturer Co., Ltd.
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LIST OF TABLES
1.Global Market Segmentation by Type Market 2023-2030 ($M)
1.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Global Industry Research
1.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Global Industry Research
1.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Global Industry Research
2.Global Major Vendors Market 2023-2030 ($M)
2.1 Delphi Market 2023-2030 ($M) - Global Industry Research
2.2 Exide Market 2023-2030 ($M) - Global Industry Research
2.3 GS Yuasa Market 2023-2030 ($M) - Global Industry Research
2.4 SEBANG Market 2023-2030 ($M) - Global Industry Research
2.5 Sail Market 2023-2030 ($M) - Global Industry Research
2.6 Camel Market 2023-2030 ($M) - Global Industry Research
2.7 Bosch Market 2023-2030 ($M) - Global Industry Research
2.8 ACDelco Market 2023-2030 ($M) - Global Industry Research
2.9 Kumho Market 2023-2030 ($M) - Global Industry Research
2.10 Fiamm Market 2023-2030 ($M) - Global Industry Research
2.11 Amara Raja Market 2023-2030 ($M) - Global Industry Research
2.12 East Penn Market 2023-2030 ($M) - Global Industry Research
2.13 Panasonic Market 2023-2030 ($M) - Global Industry Research
2.14 XUPAI Market 2023-2030 ($M) - Global Industry Research
2.15 LEOCH Market 2023-2030 ($M) - Global Industry Research
2.16 Koyo Battery Market 2023-2030 ($M) - Global Industry Research
3.Global Market Segmentation by Type Market 2023-2030 (Volume/Units)
3.1 Dry-charged Battery Market, Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Maintenance-free Battery Market, Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Common lead-acid Battery Market, Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Major Vendors Market 2023-2030 (Volume/Units)
4.1 Delphi Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Exide Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 GS Yuasa Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 SEBANG Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Sail Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Camel Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Bosch Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 ACDelco Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Kumho Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Fiamm Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Amara Raja Market 2023-2030 (Volume/Units) - Global Industry Research
4.12 East Penn Market 2023-2030 (Volume/Units) - Global Industry Research
4.13 Panasonic Market 2023-2030 (Volume/Units) - Global Industry Research
4.14 XUPAI Market 2023-2030 (Volume/Units) - Global Industry Research
4.15 LEOCH Market 2023-2030 (Volume/Units) - Global Industry Research
4.16 Koyo Battery Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Market Segmentation by Type Market 2023-2030 ($M)
5.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Regional Industry Research
5.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Regional Industry Research
5.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Regional Industry Research
6.North America Major Vendors Market 2023-2030 ($M)
6.1 Delphi Market 2023-2030 ($M) - Regional Industry Research
6.2 Exide Market 2023-2030 ($M) - Regional Industry Research
6.3 GS Yuasa Market 2023-2030 ($M) - Regional Industry Research
6.4 SEBANG Market 2023-2030 ($M) - Regional Industry Research
6.5 Sail Market 2023-2030 ($M) - Regional Industry Research
6.6 Camel Market 2023-2030 ($M) - Regional Industry Research
6.7 Bosch Market 2023-2030 ($M) - Regional Industry Research
6.8 ACDelco Market 2023-2030 ($M) - Regional Industry Research
6.9 Kumho Market 2023-2030 ($M) - Regional Industry Research
6.10 Fiamm Market 2023-2030 ($M) - Regional Industry Research
6.11 Amara Raja Market 2023-2030 ($M) - Regional Industry Research
6.12 East Penn Market 2023-2030 ($M) - Regional Industry Research
6.13 Panasonic Market 2023-2030 ($M) - Regional Industry Research
6.14 XUPAI Market 2023-2030 ($M) - Regional Industry Research
6.15 LEOCH Market 2023-2030 ($M) - Regional Industry Research
6.16 Koyo Battery Market 2023-2030 ($M) - Regional Industry Research
7.South America Market Segmentation by Type Market 2023-2030 ($M)
7.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Regional Industry Research
7.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Regional Industry Research
7.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Regional Industry Research
8.South America Major Vendors Market 2023-2030 ($M)
8.1 Delphi Market 2023-2030 ($M) - Regional Industry Research
8.2 Exide Market 2023-2030 ($M) - Regional Industry Research
8.3 GS Yuasa Market 2023-2030 ($M) - Regional Industry Research
8.4 SEBANG Market 2023-2030 ($M) - Regional Industry Research
8.5 Sail Market 2023-2030 ($M) - Regional Industry Research
8.6 Camel Market 2023-2030 ($M) - Regional Industry Research
8.7 Bosch Market 2023-2030 ($M) - Regional Industry Research
8.8 ACDelco Market 2023-2030 ($M) - Regional Industry Research
8.9 Kumho Market 2023-2030 ($M) - Regional Industry Research
8.10 Fiamm Market 2023-2030 ($M) - Regional Industry Research
8.11 Amara Raja Market 2023-2030 ($M) - Regional Industry Research
8.12 East Penn Market 2023-2030 ($M) - Regional Industry Research
8.13 Panasonic Market 2023-2030 ($M) - Regional Industry Research
8.14 XUPAI Market 2023-2030 ($M) - Regional Industry Research
8.15 LEOCH Market 2023-2030 ($M) - Regional Industry Research
8.16 Koyo Battery Market 2023-2030 ($M) - Regional Industry Research
9.Europe Market Segmentation by Type Market 2023-2030 ($M)
9.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Regional Industry Research
9.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Regional Industry Research
9.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Regional Industry Research
10.Europe Major Vendors Market 2023-2030 ($M)
10.1 Delphi Market 2023-2030 ($M) - Regional Industry Research
10.2 Exide Market 2023-2030 ($M) - Regional Industry Research
10.3 GS Yuasa Market 2023-2030 ($M) - Regional Industry Research
10.4 SEBANG Market 2023-2030 ($M) - Regional Industry Research
10.5 Sail Market 2023-2030 ($M) - Regional Industry Research
10.6 Camel Market 2023-2030 ($M) - Regional Industry Research
10.7 Bosch Market 2023-2030 ($M) - Regional Industry Research
10.8 ACDelco Market 2023-2030 ($M) - Regional Industry Research
10.9 Kumho Market 2023-2030 ($M) - Regional Industry Research
10.10 Fiamm Market 2023-2030 ($M) - Regional Industry Research
10.11 Amara Raja Market 2023-2030 ($M) - Regional Industry Research
10.12 East Penn Market 2023-2030 ($M) - Regional Industry Research
10.13 Panasonic Market 2023-2030 ($M) - Regional Industry Research
10.14 XUPAI Market 2023-2030 ($M) - Regional Industry Research
10.15 LEOCH Market 2023-2030 ($M) - Regional Industry Research
10.16 Koyo Battery Market 2023-2030 ($M) - Regional Industry Research
11.APAC Market Segmentation by Type Market 2023-2030 ($M)
11.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Regional Industry Research
11.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Regional Industry Research
11.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Regional Industry Research
12.APAC Major Vendors Market 2023-2030 ($M)
12.1 Delphi Market 2023-2030 ($M) - Regional Industry Research
12.2 Exide Market 2023-2030 ($M) - Regional Industry Research
12.3 GS Yuasa Market 2023-2030 ($M) - Regional Industry Research
12.4 SEBANG Market 2023-2030 ($M) - Regional Industry Research
12.5 Sail Market 2023-2030 ($M) - Regional Industry Research
12.6 Camel Market 2023-2030 ($M) - Regional Industry Research
12.7 Bosch Market 2023-2030 ($M) - Regional Industry Research
12.8 ACDelco Market 2023-2030 ($M) - Regional Industry Research
12.9 Kumho Market 2023-2030 ($M) - Regional Industry Research
12.10 Fiamm Market 2023-2030 ($M) - Regional Industry Research
12.11 Amara Raja Market 2023-2030 ($M) - Regional Industry Research
12.12 East Penn Market 2023-2030 ($M) - Regional Industry Research
12.13 Panasonic Market 2023-2030 ($M) - Regional Industry Research
12.14 XUPAI Market 2023-2030 ($M) - Regional Industry Research
12.15 LEOCH Market 2023-2030 ($M) - Regional Industry Research
12.16 Koyo Battery Market 2023-2030 ($M) - Regional Industry Research
13.MENA Market Segmentation by Type Market 2023-2030 ($M)
13.1 Dry-charged Battery Market, Market 2023-2030 ($M) - Regional Industry Research
13.2 Maintenance-free Battery Market, Market 2023-2030 ($M) - Regional Industry Research
13.3 Common lead-acid Battery Market, Market 2023-2030 ($M) - Regional Industry Research
14.MENA Major Vendors Market 2023-2030 ($M)
14.1 Delphi Market 2023-2030 ($M) - Regional Industry Research
14.2 Exide Market 2023-2030 ($M) - Regional Industry Research
14.3 GS Yuasa Market 2023-2030 ($M) - Regional Industry Research
14.4 SEBANG Market 2023-2030 ($M) - Regional Industry Research
14.5 Sail Market 2023-2030 ($M) - Regional Industry Research
14.6 Camel Market 2023-2030 ($M) - Regional Industry Research
14.7 Bosch Market 2023-2030 ($M) - Regional Industry Research
14.8 ACDelco Market 2023-2030 ($M) - Regional Industry Research
14.9 Kumho Market 2023-2030 ($M) - Regional Industry Research
14.10 Fiamm Market 2023-2030 ($M) - Regional Industry Research
14.11 Amara Raja Market 2023-2030 ($M) - Regional Industry Research
14.12 East Penn Market 2023-2030 ($M) - Regional Industry Research
14.13 Panasonic Market 2023-2030 ($M) - Regional Industry Research
14.14 XUPAI Market 2023-2030 ($M) - Regional Industry Research
14.15 LEOCH Market 2023-2030 ($M) - Regional Industry Research
14.16 Koyo Battery Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
2.Canada Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
3.Mexico Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
4.Brazil Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
5.Argentina Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
6.Peru Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
7.Colombia Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
8.Chile Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
10.UK Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
11.Germany Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
12.France Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
13.Italy Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
14.Spain Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
16.China Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
17.India Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
18.Japan Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
19.South Korea Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
20.South Africa Global Automotive Lead-acid Battery Market Revenue, 2023-2030 ($M)
21.North America Global Automotive Lead-acid Battery By Application
22.South America Global Automotive Lead-acid Battery By Application
23.Europe Global Automotive Lead-acid Battery By Application
24.APAC Global Automotive Lead-acid Battery By Application
25.MENA Global Automotive Lead-acid Battery By Application