Automotive Lead Acid Battery Market is Expected to Reach US$ 23,668.0 Mn by 2028: Top Key Players Clarios, SB Energy Technology, EnerSys, East Penn Manufacturing Company and Exide Industries Limited

According to our latest market study on “Automotive Lead Acid Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Type, and End User,” the market was valued at US$ 16,860.5 million in 2020 and it is projected to reach US$ 23,668.0 million by 2028; it is expected to grow at a CAGR of 3.1% from 2021 to 2028.

Since the past few years, the consumer behavior toward intercity and intracity transit has transformed to a newer level. With the increase in disposable income of individuals and the stable economic structure of countries, the production of vehicles has boosted exponentially. With the rising demand for cars globally, production has further been impacted positively, which is creating the demand for batteries including lead-acid batteries.

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In 2020, China, India, the US, Germany, the UK, and South Korea produced a massive number of cars and commercial vehicles within their boundaries. Such massive production of automobiles would continue to impact the demand for car batteries including lead-acid batteries. Furthermore, factors such as on-demand mobility, the arrival of ultra-batteries in energy storage space, and the development of advanced energy storage modules for the automobile sector are also driving the production of automobiles, thereby boosting the demand for lead-acid batteries.

The automotive lead-acid battery market is segmented based on product, type, end-user, and geography. Based on the product, the market is segmented into SLI and micro-hybrid batteries. The SLI segment represented the largest share of the overall market in 2020. In terms of type, the market is segmented into flooded, enhanced flooded, and VRLA. In 2020, the flooded segment accounted for a substantial share of the market. Geographically, Asia Pacific held the largest share of the automotive lead-acid battery market in 2020, followed by Europe and North America. Further, the market in Middle East & Africa is projected to witness the highest growth rate during the forecast period.

The proposed Automotive Lead Acid Battery Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The Automotive Lead Acid Battery Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.

Furthermore, the Automotive Lead Acid Battery Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The Structure of The Automotive Lead Acid Battery Market Report Can Be Categorized into the Following Sections:

Section 1: Scope of the Report & Research Methodology

Section 2: Key Takeaways

Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern

Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2028). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.

Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.

The Prominent/Emerging Players In The Automotive Lead Acid Battery Market Research Include:

Clarios
CSB Energy Technology Co., Ltd.
EnerSys
East Penn Manufacturing Company
Exide Industries Limited
GS Yuasa International Ltd.
Johnson Controls, Inc.
leoch International Technology Limited Inc
Panasonic Corporation
Koyo Battery Co., Ltd

The Automotive Lead Acid Battery Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Rising Adoption of Mild Hybrid Vehicles

The world is witnessing a proliferation in the adoption of hybrid vehicles. Due to the formulation of stringent emission standards by the government to protect the environment, while boosting fuel efficiency, both automotive manufacturers and the government are making a strategic move toward promoting the use of hybrid vehicles. EVI Membership, EV30@30 campaign, EVI Global EV Pilot City Programme (EVI-PCP), FAME-I and II, National Mission for Transformative Mobility and Battery Manufacturing, National Electric Mobility Mission Plan, and Phased Manufacturing Program are among the government initiatives promoting the use of next-generation of mobility. These initiatives are contributing toward fostering the adoption of hybrid vehicles.

In addition, there are numerous automotive manufacturers making significant investments in developing mild hybrid vehicles. The auto manufacturers have initiated the introduction of a 48V mild-hybrid among a standard feature in new vehicle models. Volkswagen, which is one of the key players in mild hybrid vehicles, unveiled the

48V mild-hybrid version of the 8th generation Golf in 2019. In the same year, Ford revealed Focus EcoBoost Hybrid & Fiesta EcoBoost Hybrid vehicle models to cater to the European market. The introduction of such mild hybrid vehicles into the market is driving the adoption of lead-acid batteries for automotive applications.

Company Overview:

Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.

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The Automotive Lead Acid Battery Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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