Consistent Demand Pushes Lead-Acid Battery Market to USD 36.72 Billion by 2032

Market Trends

• Rising usage of enhanced flooded batteries (EFBs) and absorbed glass mat (AGM) batteries in advanced start-stop vehicles.

• Increasing focus on battery recycling and closed-loop manufacturing systems.

• Integration of intelligent battery sensors (IBS) to monitor battery health and performance.

• Ongoing preference for low-cost and robust energy storage in developing economies.

Driving Forces Behind Market Growth

• Continued dominance of ICE vehicles globally, requiring SLI batteries.

• Widespread vehicle ownership in emerging markets, increasing demand for aftermarket battery replacements.

• Growth of the commercial vehicle sector, including trucks and buses.

• Demand for reliable backup power in electric and hybrid vehicles for safety and control systems.

• Strong availability of recycling networks reducing environmental impact and supporting circular economy.

Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=33272549

Challenges and Opportunities

• Challenges:

  • Growing penetration of lithium-ion batteries in electric vehicles may limit growth in specific segments.

  • Environmental concerns over toxic lead content and disposal.

  • Weight and energy density limitations compared to newer battery chemistries.

• Opportunities:

  • Increased focus on battery reconditioning and reuse to extend product lifecycle.

  • Innovation in sealed and maintenance-free lead acid batteries.

  • Growing aftermarket sales driven by extreme weather conditions and battery wear.

  • Strong demand from fleet operators and logistic companies seeking affordable battery options.

Recent Industry Developments

• Clarios announced a new investment in AGM production facilities in 2024 to meet growing demand for start-stop systems.

• Exide Technologies launched an extended-life lead acid battery line for commercial trucks and buses.

• GS Yuasa expanded its partnership with European OEMs for lead acid battery supply.

• East Penn Manufacturing introduced an advanced EFB product line optimized for fuel-saving technologies.

Speak to Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=33272549

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.

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.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=33272549

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.

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

Companies such as EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India) fall under the winners’ category. These are leading players globally in the automotive lead acid battery market. These players have adopted the strategies of new product launches, partnerships, agreements, and acquisitions to fulfill the rising demand for automotive lead acid battery on the regional and global levels.

Top Trending Company in Automotive Lead Acid Battery Market

EnerSys (US)

EnerSys is a global leader in stored energy solutions, offering batteries for motive power, energy systems, and specialty applications across industries like telecom, logistics, aerospace, and medical. It operates manufacturing facilities across China, Europe, the US, and Oceania, serving over 100 countries. Key subsidiaries include Alpha Technologies, NorthStar Battery, and Odyssey Battery.

Get 10% Customisation for this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?utm=even&id=33272549

Clarios (US)

Clarios, formerly Johnson Controls Power Solutions, provides automotive energy storage solutions globally under brands like Varta, Optima, and Delkor. With over 50 facilities worldwide, it operates in more than 100 countries across North America, Europe, and Asia Pacific.

East Penn Manufacturing (US)

East Penn manufactures a wide range of lead-acid batteries for automotive, industrial, marine, and stationary applications. Its four divisions include Transportation, Motive Power, Reserve Power, and Accessories. It has a global footprint with subsidiaries like MK Battery and East Penn Canada.

GS Yuasa International Ltd. (Japan)

A subsidiary of GS Yuasa Corporation, the company produces automotive and industrial batteries, UPS systems, and electrical equipment. It serves markets including telecom, data centers, and renewable energy, with a global presence across Asia, Europe, and North America.

Exide Industries Ltd. (India)

Exide is India’s largest manufacturer of lead-acid storage batteries for automotive, industrial, defense, and marine applications. It operates nine manufacturing units in India and maintains a strong distribution network and R&D focus.

Key Questions Addressed by the Report

What is an Automotive lead acid battery?

What are the different types of automotive lead acid battery?

Which key companies operate in the global energy recovery ventilator core market?

How do the market players adopt the key strategies?

What is the total CAGR expected to record for the automotive lead acid battery market during 2024-2032?

The market is expected to record a CAGR of 3.0% from 2024-2032.