Automotive Lead-Acid Battery Market Size to grow by USD 3646.2 million between 2024-2028
According to a research report “ Automotive Lead-Acid Battery Market” by Application (Aftermarket, OEM) Vehicle Type (Passenger, Commercial) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3646.2 million, at a CAGR of 2.5% during the forecast period. The passenger car market has experienced a significant increase in the adoption of electronic gadgets over the past decade, driven by technological advancements such as the integration of GPS systems, music systems, Bluetooth, and wireless charging. This trend is continuing due to the growing demand for improved navigation, safety, and comfort features. Consequently, the need for efficient batteries to power these electrical applications is escalating. Furthermore, advancements in technology are leading to the development of new components, such as copper connectivity solutions, which offer lightweight and in-vehicle connectivity options, simplifying engineering and meeting the demand for connected passenger cars..
Browse market data tables, figures, and in-depth TOC on “Automotive Lead-Acid Battery Market” by Application (Aftermarket, OEM) Vehicle Type (Passenger, Commercial) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Application, the Aftermarket segment is projected to dominate the market size in 2024
The global automotive lead-acid battery market is witnessing significant growth due to the increasing adoption of aftermarket services in the automotive sector. With the rise in the production of passenger cars, commercial vehicles, and two-wheelers, the demand for lead-acid batteries is surging. These batteries offer a quick power boost during cold starts through their high cold-cranking amps, making them indispensable for SLI (Starting, Lighting, Ignition) applications in the automotive industry. Despite the emergence of alternative battery technologies like Ni-MH and Li-ion, lead-acid batteries' dominance is expected to continue due to their cost-effectiveness. Furthermore, the increasing vehicle miles covered globally is another factor fueling the aftermarket sales of these batteries.
By Vehicle Type, Passenger segment is expected to hold the largest market size for the year 2024
In the rapidly evolving passenger automotive market, technological advancements are primarily driven by stringent emission regulations, fuel efficiency standards, and safety requirements. To meet these demands, automakers are increasingly adopting 48V electrical systems to power the growing number of interior electronics in vehicles, including lighting, heating, air conditioning, and audio systems. These systems also serve as the power source for starting the vehicle and, in the case of electric vehicles, as the primary energy storage solution. The trend towards autotronics continues to gain momentum, necessitating the use of advanced and cost-effective batteries, such as lead-acid batteries, to support these technological advancements.
APAC is forecasted to hold the largest market size by region in 2024
The Automotive Lead-Acid Battery Market represents a significant business opportunity due to the increasing demand for reliable and durable power sources in the automotive industry. This market is driven by factors such as the growing popularity of hybrid and electric vehicles, stringent emission norms, and the continuous improvement in battery technology. Lead-acid batteries offer advantages like low cost, long life, and high reliability, making them a preferred choice for automotive applications. Companies in this market are focusing on innovation and cost reduction to gain a competitive edge.
The Automotive Lead-Acid Battery Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Lead-Acid Battery Market encompasses the production, sales, and usage of Deep-cycle batteries and Starter batteries for various Automotive applications. Lead-acid batteries, which include Sulfuric acid, Distilled water, and Electrolyte levels, are the primary power source for most vehicles. These batteries are made up of Electrode materials such as Lead and Lead oxide. Deep-cycle batteries are used in Backup power applications, while Starter batteries are essential for starting the engine in Passenger vehicles. Lead-acid batteries offer Convenience and Advanced designs, making them a popular choice for Automotive applications. EnerSys and Clarios are major players in the Lead-acid battery market, producing both Valve Regulated Lead-Acid (VRLA) batteries and Starting, Lighting, and Ignition (SLI) batteries. With Urbanization, Population growth, and increasing Vehicle ownerships, the demand for Lead-acid batteries is expected to rise. However, the emergence of Electric vehicles and Lithium-ion batteries is posing a challenge to the Lead-acid battery market. Despite this, the Durability and Maintenance requirements of Lead-acid batteries make them a preferred choice for certain applications. The market is expected to continue growing, driven by the increasing demand for Automotive applications and the need for reliable power sources.
Market Research Overview
Title: Automotive Lead-Acid Battery Market: An In-depth Analysis of Voltage Production, Trends, and Future Prospects The automotive lead-acid battery market is a significant segment of the global battery industry, powering various motor vehicles, including passenger cars, commercial vehicles, motorcycles, and electric & hybrid vehicles. This market is driven by several factors, including the need for cost-efficient energy solutions, operational benefits, and the increasing demand for fuel efficiency and emission laws. Methodology: PESTEL analysis and cash flow analysis were used to examine the market's political, economic, social, technological, environmental, and legal factors. Lead-acid batteries, such as deep-cycle batteries and starter batteries, are the primary energy storage solutions for motor vehicles. These batteries use sulfuric acid as an electrolyte and lead alloys as electrode materials. They produce electrical voltage through the reaction between the lead electrodes and the sulfuric acid electrolyte. The market trends/drivers include the decline in performance of traditional batteries, charging and maintenance requirements, and the growing popularity of electric-powered motors. Industrialization, urbanization, population growth, and increasing vehicle ownerships in the Asia Pacific region are also significant factors. Major players in the market include EnerSys, Clarios, and others. The market's future prospects include advanced designs, energy recuperation through regenerative braking and start-stop systems, and the integration of micro-hybrid vehicles. However, the increasing adoption of electric vehicles and lithium-ion batteries poses a challenge to the lead-acid battery market. In conclusion, the automotive lead-acid battery market is a dynamic and evolving industry that is expected to continue to play a crucial role in powering various motor vehicles. Proper maintenance, durability, and cost-effectiveness are essential factors that will determine the market's future growth.
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