The global Automotive Lead Acid Battery Market was valued at US$ 29.34 Bn in 2023, and is projected to reach US$ 38.88 Bn by 2030, exhibiting a CAGR of 4.1% over the forecast period (2023-2030). According to Global Automotive Lead Acid Battery Market Report, " By Battery Type (Flooded, Enhanced Flooded, AGM), By Sales Channel (OEM and Aftermarket), By Vehicle Type (Passenger car and Light commercial vehicle) by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa).”
Automotive lead acid battery is a kind of rechargeable battery that provides an automobile with electric current. The starter, which starts the engine, is the main function of the automobile lead acid battery. The battery, which the alternator is charging, supplies power to the vehicle's electric systems when the engine fires up. In a lead acid battery, two different types of lead are combined with an acidic solution to accomplish an electrochemical reaction that transforms chemical energy into electric current, which in turn generates voltage in an automobile. Lead acid batteries not only power the vehicle but also the accessories like the radio, wipers, music player, and charging connectors for the air conditioner.
Global Automotive Lead Acid Battery Market- Drivers
Expanding aftermarket for battery replacement:
Global Automotive Lead Acid Battery Market- Restraints
Limited energy storage capacity of lead acid batteries:
Compared to newer battery technologies like lithium-ion, lead-acid batteries have lower energy storage capacity per unit of weight and volume. As the automotive industry seeks to develop vehicles with longer driving ranges and improved energy efficiency, there may be a preference for battery technologies that offer higher energy density, such as lithium-ion batteries, for electric and hybrid vehicles. Lead-acid batteries may face limitations in meeting the demands of future automotive applications that require higher energy storage capabilities. For instance, according to an article published by, PowerTech Systems, a global provider of automotive batteries, suggests that in order to extract best performance from the lead acid batteries only 30% - 50% of the battery capacity needs to be utilized. This means that if a lead acid battery has energy storage capacity of 600 amp, only 300 amp of energy could be utilized. This inefficiency of lead acid batteries may prove to be an hindrance in growth of global automotive lead acid battery market.
Global Automotive Lead Acid Battery Market- Key Developments
- On 22 December 2021, GS Yuasa Corporation the manufacturer of lead acid and lithium-ion batteries signed an agreement name as equity-method affiliate with Tata Autocomp GY Batteries Private Ltd., the manufacturer of auto components which aims to double their production of lead acid batteries to 8.4 million units.
- In 2020, in order to establish local energy centers in the U.K., GS Yuasa Corporation. manufacturer of lead-acid and lithium-ion batteries expanded its partnership with Infinite Renewables a renewable energy developer. With this partnership, they are starting a project with Albion Community Power to combine a hybrid lead/lithium battery system from Yuasa with solar and wind energy sources that were both renewable..
Global Automotive Lead Acid Battery Market - Impact of COVID-19
The COVID-19 pandemic had a significant impact on the global automotive industry, including the automotive lead-acid battery market. The pandemic influenced consumer behavior, with some people showing reluctance to use public transportation and preferring personal vehicles for safety reasons. This shift in preference towards private transportation, including passenger cars with lead-acid batteries, partially offset the decline in demand. With reduced economic activity and financial uncertainties, some consumers delayed or canceled non-essential purchases, including aftermarket replacement of automotive lead-acid batteries. The aftermarket segment, which relies on battery replacements and maintenance, experienced a slowdown during the pandemic. Moreover, the covid-19 pandemic highlighted the importance of sustainable and eco-friendly transportation solutions, leading to increased interest in electric vehicles (EVs). As, lead-acid batteries are not typically used in EVs, the emphasis on electric mobility affected the overall automotive battery market, including lead-acid batteries, as consumers considered alternative options.
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Key Trends and Analysis of the Global Automotive Lead Acid Battery market:
- The passenger car segment held a dominant position in 2022 and is projected to retain its dominance throughout the forecast period. The increasing demand for passenger cars in the emerging economies such as India, Brazil, Indonesia, etc. is leading to the expansion of the automotive sector which is further fueling the growth of global automotive lead acid battery market.
- Asia Pacific held the dominant position in the global automotive lead acid battery market in 2022 and is expected to maintain its dominance during the forecast period owing to the huge battery aftermarket and growing demand for automotive.
- is projected to exhibit the highest CAGR during 2023-2030. The population in the region is growing at a substantial rate and will continue to grow throughout the forecast period.
- North America is also expected to show significant growth during the forecast period owing to the increasing demand for advanced automobile solutions
- Some of the major players in the global automotive lead acid battery market are Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited. And Others.
