NEW
YORK, June 20, 2024 /PRNewswire/ -- The global
automotive lead-acid battery market size is estimated to grow by
USD 3.64 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of about 2.5% during the forecast period. Increasing
electronic applications in passenger car is driving market growth,
with a trend towards legislative support for battery recycling.
However, lead pollution and stringent laws poses a challenge. Key
market players include Accumulatorenwerke HOPPECKE Carl Zoellner
and Sohn GmbH, Amara Raja Group, Banner GmbH, C and D Technologies
Inc., Camel Group Co. Ltd., CLARIOS LLC, Crown Battery
Manufacturing Co., CSB Energy Technology Co. Ltd., East Penn
Manufacturing Co. Inc., EnerSys, EverExceed Corp., Exide Industries
Ltd., GS Yuasa International Ltd., HBL Power Systems Ltd., Johnson
Controls International Plc., Leoch International Technology Ltd.,
MIDAC SpA, Panasonic Holdings Corp., Robert Bosch GmbH, and The
Furukawa Battery Co. Ltd..
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
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Automotive Lead-Acid
Battery Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
2.5%
|
Market growth
2024-2028
|
USD 3646.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
2.44
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 62%
|
Key
countries
|
China, US, Japan,
India, and Germany
|
Key companies
profiled
|
Accumulatorenwerke
HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Banner
GmbH, C and D Technologies Inc., Camel Group Co. Ltd., CLARIOS LLC,
Crown Battery Manufacturing Co., CSB Energy Technology Co. Ltd.,
East Penn Manufacturing Co. Inc., EnerSys, EverExceed Corp., Exide
Industries Ltd., GS Yuasa International Ltd., HBL Power Systems
Ltd., Johnson Controls International Plc., Leoch International
Technology Ltd., MIDAC SpA, Panasonic Holdings Corp., Robert Bosch
GmbH, and The Furukawa Battery Co. Ltd.
|
Market Driver
The automotive lead-acid battery market in North America and Europe is driven by regulatory initiatives to
promote battery recycling. In the US and Canada, the Corporation for Battery Recycling
(CBR) and Call2Recycle facilitate battery collection for future
use. The EU Directive 2006/66/EC mandates a 45% collection rate by
2016, with a 65% target for lead-acid batteries. Canada has over 1,000 collection points.
Regulations prohibit disposing of lead-acid batteries with
municipal waste and require delivery to recycling facilities. These
measures ensure an environmentally friendly and economically
sustainable business model, with lead scrap as the end-product. The
Australian Battery Recycling Initiative provides guidelines for
compliant storage, handling, transport, and recycling.
The Lead-Acid Battery market is experiencing significant growth,
particularly in the automotive sector. Urbanization and increasing
demand for electric and hybrid vehicles are key drivers. Advanced
technologies like lithium-ion and nickel-metal hydride batteries
are gaining popularity, but lead-acid batteries remain a
cost-effective solution. Companies are focusing on improving
battery life and efficiency. The market is competitive, with
players like Exide Technologies, Johnson Controls, and Clarios
leading the charge. Regulations and environmental concerns are
influencing production methods and materials. The market is
expected to continue growing, with a strong focus on innovation and
sustainability.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The lead-acid battery market in the automotive sector
experiences growth due to increasing demand in the automotive
industry and energy storage applications. However, environmental
concerns arise from lead pollution during production and disposal.
China enforces regulations to
mitigate health risks and contamination. Lead-acid batteries have
limitations, including heavy weight, short lifespan under certain
conditions, and low energy density, which may hamper market growth.
Proper battery management is crucial to ensure safety and
sustainability.
- The Lead-Acid Battery market faces several challenges. The cost
of production is a significant issue, with declining prices putting
pressure on manufacturers. The demand for lighter and more
efficient batteries is increasing, making it difficult for
Lead-Acid batteries to compete. Regulations regarding the disposal
of used batteries also pose a challenge. Additionally, the
increasing popularity of alternative battery technologies, such as
Lithium-ion batteries, is threatening the market share of Lead-Acid
batteries. Despite these challenges, efforts are being made to
improve the efficiency and longevity of Lead-Acid batteries, making
them a cost-effective solution for certain applications. The market
is expected to grow, but it will require innovative solutions to
remain competitive.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This automotive lead-acid battery market report extensively
covers market segmentation by
- Application
- Vehicle Type
- 2.1 Passenger
- 2.2 Commercial
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Aftermarket- The automotive lead-acid battery
market is experiencing growth due to the rising number of passenger
cars, commercial vehicles, and two-wheelers globally. Lead-acid
batteries, which offer superior cold-cranking performance, remain
the preferred choice for scalable link interface (SLI) applications
in the automotive industry. Despite the emergence of new
technologies like nickel-metal hydride (Ni-MH) and lithium-ion
(Li-ion) batteries, lead-acid batteries will continue to dominate
the market during the forecast period, primarily due to their
cost-effectiveness. The increasing average age of vehicles on the
road and the requirement for batteries to last approximately five
years, depending on driving and weather conditions, are key factors
driving market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The automotive lead-acid battery market encompasses the
production and sales of lead-acid batteries for various
applications within the transportation sector. These batteries are
essential for powering passenger vehicles, particularly in the form
of starter batteries and deep-cycle batteries. Urbanization and
population growth have driven the demand for electric vehicles
(EVs), leading to an increased focus on advanced designs of
lead-acid batteries, such as VRLA (Valve Regulated Lead-Acid) and
SLI (Starting, Lighting, and Ignition) batteries. Lithium-ion
batteries have gained popularity in the EV market, but lead-acid
batteries continue to dominate due to their durability,
convenience, and lower cost. Maintenance requirements include
monitoring electrode materials and electrolyte levels, with
distilled water added as necessary. Lead-acid batteries use
sulfuric acid as an electrolyte and are widely used in automotive
applications for backup power as well.
Market Research Overview
The Automotive Lead-Acid Battery market encompasses the
production, supply, and application of lead-acid batteries in the
automotive sector. These batteries are widely used due to their
affordability, reliability, and long service life. The market is
driven by the increasing demand for vehicles, particularly in
emerging economies, and the growing trend towards hybrid and
electric vehicles. The market is segmented based on battery type,
application, and region. Lead-acid batteries are used in various
automotive applications, including starting, lighting, ignition,
and deep cycle. The market is expected to grow significantly due to
the increasing demand for electric and hybrid vehicles, which
require large numbers of lead-acid batteries for their energy
storage systems. The market also faces challenges such as the
increasing use of alternative battery technologies and the
environmental concerns associated with lead-acid batteries. The
market is expected to continue its growth trajectory in the coming
years, driven by technological advancements and increasing demand
from the automotive industry.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Vehicle Type
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio