Latest News- Automotive Lead-Acid Battery Market: Aftermarket is expected to lead the Application segment during 2025-2029

The Automotive Lead-Acid Battery Market is being driven by Increasing electronic applications in passenger car

The Automotive Lead-Acid Battery Market is expected to grow at a CAGR of 2.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4083.1 million. The rechargeable battery market, specifically within the automotive sector in North America, is actively addressing the issue of battery recycling through initiatives such as the Corporation for Battery Recycling (CBR) in the US and Canada. Notably, Call2Recycle operates a program in partnership with CBR. In Europe, regulatory measures have been implemented, including the EU Directive 2006/66/EC, which mandates a collection rate of 45% for all batteries by September 2016, with a specific target of 65% for lead-acid batteries. Despite these regulations, current collection rates for lead-acid batteries in the EU lag significantly behind those in North America. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Aftermarket
  • OEM
• Vehicle Type
  • Passenger
  • Commercial
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing electronic applications in passenger car
• Rise in sales of EVs which is increasing demand for automotive batteries
• Convenience of online purchase of automotive products such as lead-acid battery

However, the market also witnesses some limitations, which are as follows:

• Lead pollution and stringent laws
• Declining Li-ion battery prices
• Rising adoption of fuel cells in automotive industry

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Market Scope in Automotive Lead-Acid Battery Market Research Report

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Research Analysis Overview

The Automotive Lead-Acid Battery Market is driven by factors such as increasing vehicle ownerships, population growth, and urbanization. Traditional Lead-Acid batteries, including SLI (Starting, Lighting, and Ignition) and VRLA (Valve Regulated Lead-Acid), continue to dominate the market. However, the rise of Electric Vehicles (EVs) and their Lithium-ion batteries are posing a challenge. Companies like Clarios and EnerSys lead the market, offering advanced designs for durability and convenience in both passenger vehicles and backup power applications. The electrode materials and electrolyte levels, including distilled water and sulfuric acid, are crucial factors in the battery's performance and maintenance requirements.

Market Research Overview

The Automotive Lead-Acid Battery market is a crucial component of the global transportation sector, with key players including Clarios and EnerSys. Factors driving market growth include increasing vehicle ownerships, population expansion, and urbanization. However, the shift towards electric vehicles (EVs) and the rise of Lithium-ion batteries pose significant challenges. In the broader energy landscape, the global Renewable Electricity market is experiencing robust growth. This market encompasses companies involved in the generation, distribution, and trading of renewable electricity, as well as manufacturers of related raw materials and equipment. Key growth drivers include supportive policies and targets for renewable power deployment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/