Press release
Rise Of Electric Vehicles Drives Growth Of Automotive Lead-Acid Batteries Market: Core Growth Enabler in the Automotive Lead Acid Batteries Market, 2025
Automotive Lead Acid Batteries Market Analysis
What Will the Automotive Lead Acid Batteries Industry Market Size Be by 2025?
Recent years have seen a consistent increase in the size of the automotive lead acid batteries market. An upward trend is projected, with market value rising from $36.93 billion in 2024 to $38.54 billion in 2025. This represents a compound annual growth rate (CAGR) of 4.4%. Historical growth can be linked with the expansion of the automotive industry, preeminence of traditional vehicles, the reliability and longevity of the batteries, aftermarket demand, superior cold cranking performance, and assistance for start-stop systems.
What's the Long-Term Growth Forecast for the Automotive Lead Acid Batteries Market Size Through 2029?
We anticipate robust expansion in the automotive lead acid batteries market in the upcoming years, with the size projected to reach $47.97 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.6%. The projected growth during the forecast period can be credited to the shift towards mild hybrid systems, the continued supremacy of conventional vehicles, market expansion in emerging regions, the backing for commercial vehicles, hybridization trends, and governmental endorsements for recycling. During the forecast period, key trends include an enhanced focus on start-stop technology, advancements in the sector of battery technologies, the emergence of micro-hybrid vehicles, the integration of intelligent battery technologies, along with evolving consumer tastes and technological advancements.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-lead-acid-batteries-global-market-report
What Are the Key Growth Drivers Fueling the Automotive Lead Acid Batteries Market Expansion?
The surge in electric vehicle popularity is anticipated to bolster the automotive lead-acid battery market's expansion. This is catalyzed by global climate change concerns and goals to reach carbon-neutral status. The proliferation of EV charging points, the implementation of stations for hydrogen refueling, and government incentives promoting EV adoption and enforcement all contribute to electric vehicle consumption. Such factors boost the requirement for automotive lead-acid batteries, renowned for their high power, cost-effectiveness, safety, and reliability. For instance, the France-based International Energy Agency (IEA) reported in April 2023 that electric car sales made up 14% of all worldwide new car sales in 2022, a significant leap from 9% in 2021. This sales rise is predicted to persist in 2023, with over 2.3 million electric vehicles sold in just the first quarter, reflecting a 25% uptick compared to the same timeframe the previous year. Furthermore, sales of electric vehicles are expected to reach 14 million by the end of 2023, signifying a 35% year-on-year growth, particularly gathering speed in the year's latter half. Thus, the growing popularity of electric vehicles is set to steer the automotive lead-acid batteries market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8105&type=smp
What Are the Key Trends Driving Automotive Lead Acid Batteries Market Growth?
The rise in technological innovation within the automotive lead-acid battery market emerges as an influential trend, gathering considerable momentum in the industry. The market's leading businesses are allocating significant resources towards devising advanced battery solutions with the intent to fortify their market standing. To illustrate, Schaeffler India-a leading Indian manufacturer of ball and roller bearings-introduced the TruPower 2W batteries in June 2023, catered specifically for two-wheelers and electric two-wheelers. The said batteries, enhanced with cutting-edge features guarded by a 24-month warranty, serve as a reliable and enduring power solution, thereby positing them as an ideal choice for consumers of two-wheelers looking to achieve high-end performance and trustworthiness.
How Is the Automotive Lead Acid Batteries Market Segmented?
The automotive lead acid batteries market covered in this report is segmented -
1) By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
2) By Product: SLI Batteries, Micro Hybrid Batteries
3) By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales Via Aftermarket
4) By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
Subsegments:
1) By Flooded Batteries: Conventional Flooded Batteries, Maintenance-Free Flooded Batteries
2) By Enhanced Flooded Batteries (EFB): EFB For Start-Stop Systems, EFB For Conventional Applications
3) By VRLA Batteries (Valve-Regulated Lead-Acid): Absorbent Glass Mat (AGM) Batteries, Gel Batteries
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8105&type=smp
Which Companies Are Leading the Charge in Automotive Lead Acid Batteries Market Innovation?
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
Which Regions Are Leading the Global Automotive Lead Acid Batteries Market in Revenue?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8105
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rise Of Electric Vehicles Drives Growth Of Automotive Lead-Acid Batteries Market: Core Growth Enabler in the Automotive Lead Acid Batteries Market, 2025 here
News-ID: 4083040 • Views: …
More Releases from The Business Research Company
Key Trends Influencing the Growth of the Aviation Gasoline Market in 2025: Rise …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
What Is the Expected CAGR for the Aviation Gasoline Market Through 2025?
The size of the aviation gasoline market has been experiencing consistent growth over the past few years. The market size is projected to increase from $1.96 billion in 2024 to $2.05 billion in 2025, representing a compound annual growth rate (CAGR) of…
Key Factor Supporting Content Services Platforms Market Development in 2025: Sur …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Content Services Platforms Market Size By 2025?
There's been a significant expansion in the size of the content services platforms market in the past few years. The market value is expected to swell from $61.32 billion in 2024 to $72.88 billion in 2025, indicating a compound annual growth rate (CAGR)…
Connected Agriculture Market Growth Accelerates: Strategic Forecast Predicts $7. …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
What Will the Connected Agriculture Industry Market Size Be by 2025?
The size of the connected agriculture market has seen a significant surge in recent years. It is anticipated to expand from $3.55 billion in 2024 to $4.11 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The historic growth rate…
Growing Adoption Of Biomass Power Fuels Expansion In The Combined Heat And Power …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
What Is the Expected CAGR for the Combined Heat And Power Market Through 2025?
The size of the combined heat and power market has significantly expanded in the past few years. This market is predicted to rise from $29.17 billion in 2024 to $31.01 billion in 2025, with a compound annual growth rate (CAGR)…
More Releases for Batteries
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
Boat Batteries Market Key Players: Century Yuasa Batteries Pty Ltd., Lifeline Ba …
Boat Batteries Market: Introduction
Boat batteries help a boat getting started or stay in continuous motion by supplying the required power. Unlike other batteries, such as a car battery, boat batteries contain thick plates and hence, generate less cranking power and maximum reserve capacity. The intriguing part is that a boat battery with highest power capacity is of the same size as a boat battery with lowest power capacity. Additionally, there…
Boat Batteries Market to Witness Huge Growth by 2025| Lifeline Batteries, Inters …
HTF MI recently Announced Global Boat Batteries study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Boat Batteries. Global Boat Batteries research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Boat Batteries Forecast till 2025*.
Some of the Leading key Company’s Covered for this Research are Century Yuasa Batteries, Lifeline Batteries, Interstate…
