Industry Background:
The automotive lead-acid battery is the most common large-capacity rechargeable battery. Lead-acid batteries are very popular because they are dependable and inexpensive on a cost-per-watt base. Automotive lead-acid batteries are built with a number of individual cells containing layers of lead alloy plates immersed in an electrolyte solution. The increasing automotive sector is the major driver to the global automotive lead-acid battery market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Clarios (United States), GS Yuasa Corporation (Japan), Exide Technologies (United States), EnerSys (United States), Hitachi Chemical Energy Technology Co. Ltd. (Taiwan), EnerSys (United States), Amara Raja Group (India), East Penn Manufacturing Co. (United States), Panasonic Corporation (Japan) and NorthStar Battery Company (United States) |
According to AMA, the market for Automotive Lead Acid Battery is expected to register a CAGR of 3.83% during the forecast period to 2028. This growth is primarily driven by Rising demand for passenger cars and commercial vehicles mainly in developing economies such as India and China due to increasing automotive profits by nearly 50% by 2020. In 2014, China’s vehicle production was 24 million, and its vehicle production has projected 185million by 2020..
Globally, a noticeable market trend is evident The Rising Legislative Support for Battery Recycling The Energy & Resources sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Clarios (United States), GS Yuasa Corporation (Japan), Exide Technologies (United States), EnerSys (United States), Hitachi Chemical Energy Technology Co. Ltd. (Taiwan), EnerSys (United States), Amara Raja Group (India), East Penn Manufacturing Co. (United States), Panasonic Corporation (Japan) and NorthStar Battery Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, Clarios acquired Spanish battery recycler Metalúrgica de Medina, an international car battery company. This acquisition centralizes and vertically integrates its business to reduce supplier risk and reduce costs. It also reinforces a circular economy approach where materials are responsibly recovered, recycled and reused to create new batteries.
On 7th August 2019, Clarios has launched onto the battery industry with a pledge to invest in its lead-acid and lithium products. The company is focusing on AGM and 12V lead-acid batteries for electric vehicles.
Influencing Trend:
The Rising Legislative Support for Battery Recycling
Market Growth Drivers:
Rising demand for passenger cars and commercial vehicles mainly in developing economies such as India and China due to increasing automotive profits by nearly 50% by 2020. In 2014, China’s vehicle production was 24 million, and its vehicle production has projected 185million by 2020.
Challenges:
Lithium-ion Technology is the most Immediate threat to the Automotive Lead Acid Battery
Restraints:
Strict Lead Emission Standards
Opportunities:
Growing Opportunities from Emerging Markets, Growing Applications in a Vehicles and Technological Advancements in Automotive Lead Acid Battery
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Lead Acid Battery Market
- Analysis about New Entrants in Automotive Lead Acid Battery Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Lead Acid Battery Study Sheds Light on
The Automotive Lead Acid Battery Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Lead Acid Battery industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Lead Acid Battery industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.