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Key Influencer in the Automotive Lead Acid Batteries Market 2025: Rise Of Electric Vehicles Drives Growth Of Automotive Lead-Acid Batteries Market Driver
Automotive Lead Acid Batteries Market
The anticipated surge in demand for electric vehicles is likely to fuel the expansion of the automotive lead-acid batteries market in the future. Concerns over global warming and the ambition to reach net-zero emissions are contributing to the worldwide transition towards emissions-free transportation. Factors such as the establishment of EV charging stations, hydrogen fueling stations, and governmental efforts to promote and enforce the use of electric vehicles are heightening the demand for automotive lead-acid batteries known for their high performance, affordability, safety, and reliability. For instance, in April 2023, the International Energy Agency (IEA), an intergovernmental organization based in France, reported that sales of electric cars composed 14% of the total new car sales globally in 2022, an impressive climb from 9% in 2021. This tendency is projected to persist in 2023, with more than 2.3 million electric cars being sold only in the first quarter, marking a 25% rise from the same time the previous year. Moreover, it is estimated that 14 million electric vehicles will be sold by 2023's end, reflecting a 35% annual rise, with sales expected to gain momentum in the year's latter half. Hence, the escalating demand for electric vehicles will stimulate the automotive lead-acid batteries market.
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What Is the projected market size and growth rate for the automotive lead acid batteries market?
In recent times, the market size for automotive lead acid batteries has experienced consistent growth. With an anticipated rise from $36.93 billion in 2024 to about $38.54 billion in 2025, the market is expected to expand at a compound annual growth rate (CAGR) of 4.4%. Factors such as growth in the automotive industry, dominance of conventional vehicles, their dependability and long-lasting nature, demand from the aftermarket, cold cranking capacity, and compatibility with start-stop systems have significantly contributed to this historical growth phase.
Growth is expected to be robust in the automotive lead acid batteries market over the next few years, reaching a total value of $47.97 billion by 2029 with a compound annual growth rate (CAGR) of 5.6%. Various factors contribute to this projected growth during the forecast period, including the shift towards mild hybrid systems, sustained prevalence in traditional vehicles, successful market penetration in emerging regions, backing for commercial vehicles, hybridization patterns, and government initiatives promoting recycling. The forecast period will likely witness several key trends such as a growing focus on start-stop technology, the evolution of battery technologies, the emerging popularity of micro-hybrid vehicles, the integration of intelligent battery technologies, along with changes in consumer tastes and technologies.
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What new trends are reshaping the automotive lead acid batteries market and its opportunities?
The progression of technology within the automotive lead-acid battery market is an emerging trend that is becoming increasingly popular. Companies that have a stronghold on the automotive lead-acid battery market are shifting focus onto developing and delivering improved battery solutions in a bid to consolidate their market presence. A case in example is Schaeffler India, a company based in India that specializes in the production of ball and roller bearings. In June 2023, it introduced the TruPower 2W batteries specifically for use in two-wheelers, including the electric variants. These batteries come with superior features and are also accompanied by a warranty period of 24 months, offering a trustworthy and lasting power option. This makes these batteries an attractive proposition for two-wheeler owners who prioritize performance and dependability.
What major market segments define the scope and growth of the automotive lead acid batteries market?
The automotive lead acid batteries market size has grown steadily in recent years. It will grow from $36.93 billion in 2024 to $38.54 billion in 2025 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to automotive industry growth, conventional vehicle dominance, reliability and durability, aftermarket demand, cold cranking performance, support for start-stop systems.
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Which region dominates the automotive lead acid batteries market?
Asia-Pacific was the largest region in the automotive lead acid batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive lead acid batteries industry growth?
Major companies operating in the automotive lead acid batteries market are GS Yuasa International Limited, Johnson Controls Inc., Exide Industries Limited, EnerSys Inc., Panasonic Corporation, CSB Battery Company Limited, East Penn Manufacturing Company, Leoch International Technology Limited, NorthStar Battery Company LLC, Clarios LLC, Koyo Battery Company Limited, FIAMM Energy Technology S.P.A, Reem Batteries & Power Appliances Co. SAOC, Trojan Battery Company LLC, C&D Technologies Inc., Robert Bosch GmbH, Thai Bellco Battery Co.Ltd., Crown Battery Manufacturing Company, Narada Power Source Co. Ltd., Shandong Sacred Sun Power Sources Co.Ltd., Amara Raja Batteries Limited, Banner Batterien GmbH, Camel Group Co.Ltd., Fengfan Co.Ltd., Guangdong Dynavolt Power Technology Co. Ltd., Haze Battery Co. Ltd., Hitachi Chemical Energy Technology Co. Ltd., Zibo Torch Energy Co.Ltd., Coslight Technology International Group Co.Ltd., PT Astra International Tbk
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What Is Covered In The Automotive Lead Acid Batteries Global Market Report?
• Market Size Forecast: Examine the automotive lead acid batteries market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive lead acid batteries market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive lead acid batteries market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive lead acid batteries market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive lead acid batteries market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive lead acid batteries market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive lead acid batteries market.
• Competitive Landscape: Review strategic developments in the automotive lead acid batteries market, including expansions, agreements, and new product launches.
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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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