Automotive Lead-Acid Battery Market Future Business Scope Analysis Report, Marketing Strategy, Growth Analysis

The Automotive Lead-Acid Battery Market remains vital for vehicle power needs, supported by its cost-effectiveness, reliability, and recyclability. With steady demand from conventional and start-stop vehicles, the market is poised for consistent growth amid ongoing automotive advancements.
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. This thorough study looks at the competitive landscape, value chain analysis, major market segments, geographical trends, automotive lead-acid battery market growth [https://www.marketsandmarkets.com/Market-Reports/automotive-lead-acid-batteries-market-33272549.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=automotiveleadacidbatteries] and changing market dynamics. It also offers a thorough analysis of the forces and limitations influencing the market. As a vital resource for business experts, legislators, stakeholders, investors, and newcomers, the study also identifies successful tactics and promising prospects.

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.

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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.

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.

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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.

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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.

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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).

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