Press release
Automotive Lead-Acid Battery Market to Reach USD 38.88 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
Request a free sample report: https://www.stratviewresearch.com/4051/automotive-lead-acid-battery-market.html
Market Statistics
• Market size (2024): USD 29.64 billion
• Forecast value (2032): USD 38.88 billion
• CAGR (2025-2032): 3.4%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 4 categories covering 4 segmentation types (Product Type, Type, Customer, End-Use)
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Product Type
• SLI Batteries
• Micro Hybrid Batteries
• Auxiliary Batteries
By Type
• Flooded Batteries
• VRLA Batteries
By Customer
• OEM
• Aftermarket
By End-Use Type
• Passenger Cars
• Light & Heavy Commercial Vehicles
• Two-Wheelers
• Three-Wheelers
Segment Analysis
The SLI batteries segment is both the dominant and fastest-growing product type, as they serve as the primary source of power for starting conventional internal combustion engine vehicles and remain more affordable than alternatives, thereby sustaining demand across global markets where cost is a key purchasing criterion. This dominance underscores the need for manufacturers to prioritize innovations in SLI battery efficiency to maintain competitive positioning.
For end-use, the Passenger Cars segment is expected to grow significantly as rising global vehicle ownership and production elevate battery demand across conventional vehicle fleets, indicating that strategic partnerships with passenger car OEMs and aftermarket channels could bolster long-term revenue streams.
Regional Insights
Asia Pacific is the dominant and fastest-growing regional market, propelled by a rapidly expanding automotive industry and robust vehicle manufacturing networks in key countries such as China, Japan, India, and South Korea. These factors generate significant demand for automotive lead-acid batteries in both original equipment and replacement markets, making the region crucial for strategic investment and capacity expansion.
Market Drivers
• Rising global vehicle production increasing battery demand.
• Cost-effectiveness and reliability of lead-acid batteries compared to alternatives.
• Strong replacement cycles within global automotive fleets.
• Aftermarket growth driven by aging vehicle inventories.
• Adoption of VRLA and maintenance-free battery technologies.
Competitive Landscape
Top Companies in the Market
• Enersys
• Clarios
• Exide Industries Ltd.
• GS Yuasa International Ltd.
• C&D Technologies Inc.
• East Penn Manufacturing Company
• Camel Group Co. Ltd.
• Amara Raja Energy & Mobility Ltd.
• Robert Bosch LLC
• Century Battery Indonesia
FAQs
1. What is the projected market value of the automotive lead-acid battery market by 2032?
USD 38.88 billion by 2032, expanding at a CAGR of 3.4% from 2025-2032.
2. Which product type leads the automotive lead-acid battery market?
SLI batteries are the dominant product type due to their primary role in vehicle starting, lighting, and ignition.
3. Why is the Asia Pacific region crucial for automotive lead-acid battery manufacturers?
Asia Pacific leads due to strong automotive industry growth, increasing vehicle production, and broad replacement demand.
4. What end-use segment shows significant growth potential in this market?
Passenger cars show significant growth as vehicle ownership and production expand globally.
5. Which customer segment is expected to grow fastest?
The aftermarket segment is expected to record the highest CAGR, driven by strong replacement cycles in aging vehicle fleets.
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Extruded plastics market: https://scrapbox.io/researchnews/Extruded_Plastics_Market:_Driving_Versatile_and_Cost-Effective_Material_Solutions
Feed binders market: https://hallbook.com.br/blogs/837819/Feed-Binders-Market-Key-Features-Trends-and-Growth-Outlook
Fighter aircraft market: https://velog.io/@stella_reed/Fighter-Aircraft-Market-Outlook-Opportunities-in-Defense-Modernization-and-Technological-Advancements
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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