Automotive Lead-Acid Battery Market 2024 Top Business Strategy, Growth Factors, Healthy CAGR with Segments & Forecast - 2032

The global automotive lead acid battery market is driven by the Passenger vehicles, commercial vehicles, and two-wheelers all depend on lead-acid batteries for starting, lighting, and ignition (SLI) applications.
The global automotive lead-acid battery market is projected to grow from USD 28.88 billion in 2024 to USD 36.72 billion by 2032, at a CAGR of 3.0% from 2024 to 2032. The report highlights key elements of the market, including automotive lead-acid battery market size [https://www.marketsandmarkets.com/Market-Reports/automotive-lead-acid-batteries-market-33272549.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries], emerging trends, growth drivers, challenges, competitive landscape, and future growth potential. The market's growth is driven by the increasing demand for cost-effective and reliable battery solutions in the automotive industry and the widespread availability of lead-acid battery. Major factors contributing to the growth of the automotive lead acid battery market includes Passenger vehicles, commercial vehicles, and two-wheelers all depend on lead-acid batteries for starting, lighting, and ignition (SLI) applications. The surge in vehicle ownership, fueled by increasing urbanization and rising disposable incomes in developing regions, has further boosted demand. Additionally, the steady production of ICE vehicles, which still dominate the global automotive market despite the rise of electric vehicles (EVs), ensures sustained reliance on lead-acid batteries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33272549 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33272549&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries]

The SLI battery segment is expected to account for the largest value share of the automotive lead acid battery market by product during the forecast period.

SLI (Starting, Lighting, and Ignition) batteries hold the largest value share in the automotive lead acid battery market due to their widespread use in traditional internal combustion engine vehicles. These batteries are essential for powering critical vehicle functions like starting the engine, providing electricity to lighting systems, and supporting electrical components. The dominance of SLI batteries is attributed to the vast number of ICE vehicles on the road, especially passenger cars which form the largest segment within the automotive market.

Download PDF Brochure:

By type, the VRLA batteries segment is expected to account for the largest market share in terms of value during the forecast period.

Valve-Regulated Lead-Acid (VRLA) batteries dominate the automotive lead acid battery market by value share due to their superior performance and maintenance-free operation. They are widely used in motorcycles, passenger cars, and commercial vehicles. VRLA batteries offer benefits like longer lifespan, leak-proof design, and the ability to be mounted in any orientation. These advantages, coupled with increasing demand for high-performance batteries, have driven the growth of the VRLA segment and solidified its position as the largest by value share.

By End Use, the passenger cars segment is expected to account for the largest market share during the forecast period in terms of value.

Passenger cars account for the largest value share in the automotive lead acid battery market due to their sheer number on the road globally. The majority of passenger cars still rely on internal combustion engines, which require powerful batteries to start and operate. As the automotive industry continues to grow, especially in developing countries, the demand for passenger cars and consequently, lead acid batteries is expected to remain strong. However, the increasing adoption of electric vehicles is likely to gradually reduce the market share of passenger cars in the long run.

Get a Sample Copy of This Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=33272549 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=33272549&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries]

By customer segment, the aftermarket segment is expected to account for the largest market share during the forecast period in terms of value.

The aftermarket segment holds the largest value share in the automotive lead acid battery market due to the inevitable need for battery replacements as vehicles age. As lead-acid batteries have a finite lifespan, the demand for replacement batteries remains consistent. Factors like increasing vehicle ownership, especially in emerging markets, and the aging vehicle fleet contribute to the growth of the aftermarket segment. Additionally, advancements in battery technology, such as enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries, cater to the evolving needs of modern vehicles and further drive the aftermarket demand.

Asia Pacific will register the largest market share during the forecast period.

The Asia Pacific region holds the largest value share in the global automotive lead acid battery market due to its massive automotive industry, rapid urbanization, and increasing vehicle ownership rates. Countries like China, India, and Japan are major automotive hubs, driving significant demand for lead-acid batteries. Additionally, the region's growing middle class and rising disposable incomes are fueling the purchase of personal vehicles, further boosting the market. Moreover, the presence of several key automotive manufacturers and suppliers in the region contributes to its dominance in the lead-acid battery market.

Automotive Lead Acid Battery Companies [https://www.marketsandmarkets.com/ResearchInsight/automotive-lead-acid-batteries-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries]

Companies such as EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India) fall under the winners' category. These are leading players globally in the automotive lead acid battery market. These players have adopted the strategies of new product launches, partnerships, agreements, and acquisitions to fulfill the rising demand for automotive lead acid battery on the regional and global levels.

EnerSys (US)

EnerSys is a global leader in stored energy solutions, providing varieties of batteries to different applications. The company offers its products through various segments, including motive power (for forklifts, material handling equipment, and others), energy systems (for data centers, telecom, and others), and specialty for various niche applications. It offers services that include designing, building, installing, and maintaining battery systems. It offers its products for use in different industries, including communications network, logistics & warehousing, transportation, cable broadband, data centers, industrial power & utilities, aerospace & defense, safety & security, and medical.

The company has a global presence with manufacturing facilities in China, Europe, the US, and Oceania and serves customers in over 100 countries. It also has regional headquarters in Europe and Asia. Alpha Technologies Services, Inc. (US), NorthStar Battery (US), Odyssey Battery (US), ICS Industries (Australia), and Purcell Systems (US)are the subsidiaries of Enersys.

Clarios (US)

Clarios, formerly Johnson Controls Power Solutions, is an energy storage solutions provider to the automotive industry. Johnson Controls Power Solutions, the battery division of Johnson Controls international Inc., was acquired by Brookfield Business Partners LP, and was renamed Clarios on May 2019. Clarios sells its automotive batteries globally under both private labels and company brand names like Varta, Optima, LTH, Delkor, Baterias MAC, and Heliar. Clarios has more than 50 manufacturing, recycling & distribution centers worldwide. The company has its presence in more than 100 countries in North America, Europe, and Asia Pacific.

East Penn Manufacturing Company (US)

East Penn Manufacturing Company is a leading producer of high-quality lead-acid batteries and accessories, serving a wide range of applications such as automotive, commercial, marine, industrial, and stationary power. Its product lineup includes starting, deep-cycle, AGM (Absorbent Glass Mat), and gel batteries, catering to both original equipment manufacturers (OEMs) and the aftermarket. Alongside batteries, East Penn offers a full range of battery accessories, like cables, terminals, and chargers.

The company operates through four main divisions: Transportation, Motive Power, Reserve Power, and Wire, Cable & Battery Accessories. East Penn maintains a strong international presence through subsidiaries in various countries, including Nivitas Systems LLC (US), East Penn Canada (Canada), East Penn International (China), and MK Battery (US).

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=33272549 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=33272549&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries]

GS Yuasa International Ltd. (Japan)

GS Yuasa International Ltd. is a subsidiary of GS Yuasa Corporation, a major player in the battery manufacturing industry. The company primarily focuses on the production and sale of automotive and industrial batteries, power supply systems, and other electrical equipment. GS Yuasa manufactures a wide range of lead-acid batteries for various automotive applications, including passenger cars, commercial vehicles, and motorcycles. The company also produces industrial batteries for various applications such as forklifts, UPS systems, and renewable energy storage systems. GS Yuasa offers a range of power supply systems for various industries, including telecommunications, data centers, and medical equipment. The company also manufactures other electrical equipment, such as switchgear and substation equipment, which are essential components of electrical power distribution systems. GS Yuasa International Ltd. has a strong global presence with manufacturing facilities and sales offices in Asia, Europe, North America, and Others.

Exide Industries Ltd. (India)

Exide Industries Ltd. is an Indian multinational company specializing in the manufacturing of storage batteries and power storage solutions. Exide is the largest manufacturer of lead acid storage batteries in India. These batteries power a wide range of applications including automotive, industrial, home UPS, railways, mining, defense, and marine. The company has a vast distribution network across India, ensuring easy accessibility to its products. Exide also invests in research and development to stay at the forefront of battery technology. Exide operates nine manufacturing units located across India, with seven dedicated to battery production and two focused on manufacturing Home UPS Systems.

In addition to supplying the domestic market, the company exports batteries that have secured niche positions in Southeast Asian and European markets. Exide has subsidiaries in the UK, Singapore, and Sri Lanka, with exports reaching 45 countries across six continents, serving an expanding base of international customers.

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=automotive-leadacid-battery-market-2024-top-business-strategy-growth-factors-healthy-cagr-with-segments-forecast-2032]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/automotive-lead-acid-batteries-market-33272549.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.