The global automotive lead-acid battery market was worth US$ 12.5 Billion in 2018. Lead acid batteries are the oldest type of rechargeable batteries invented by Gaston Planté in 1859 and are used for the starting, lighting, and the ignition (SLI) process in the automobiles. These types of batteries use sponge lead (Pb) and lead peroxide (PbO2) plates immersed in sulfuric acid to convert chemical energy into electrical power. These batteries have been in the industry for 100 years and are still a popular source of energy storage. They are generally used in power stations and substations as they have high cell voltage and lower cost. In spite of having very low energy-to-weight ratio and a low energy-to-volume ratio, these batteries supply high surge currents which implies that their cells have a large power-to-weight ratio. This makes them highly compatible for motor vehicles in order to supply high current required by automobile starter motors. Apart from this, lead acid batteries also contribute in supplying voltage to various accessories in vehicles such as music systems, wipers, radio, air conditioners, charging plugs, etc.
The demand of automotive lead-acid batteries has a strong correlation with the global automobile industry. The global automobile market has exhibited strong performance across both developed and emerging markets after a period of sluggish growth as a result of the recent global economic crisis. Moreover, a spontaneous rise in the use of electric vehicles and e-bikes has also catalyzed the demand of lead acid batteries. Characteristics such as high current delivery, resistance to corrosion and abrasion, tolerance to overcharging, low internal impedance, etc. make them appropriate to be used in electric vehicles. On a regional basis, the Asia Pacific region represented the biggest driver of automotive lead acid batteries accounting for the bulk of the total sales. Asia Pacific was followed by North America and Europe. Looking forward, the market for lead acid batteries is projected to exceed US$ 15 Billion by 2024, exhibiting a CAGR of 3.1% during 2019-2024.
Market Summary:
Based on the vehicle type, the market has been segmented into passenger cars, commercial vehicles, two-wheelers and HEV cars. Passenger cars currently represent the biggest application.
Based on the product type, the market has been segmented into SLI batteries and micro hybrid batteries.
Based on the type, the market has been segmented into flooded batteries, enhanced flooded batteries and VRLA batteries.
Based on the customer segment, the market has been segmented into OEM and replacement.
Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the global sales.
The competitive landscape of the market has also been examined with some of the key players being Johnson Controls Inc., Exide Technologies Inc., GS Yuasa Corporation, Reem Batteries & Power Appliances Co. Saoc, Enersys Inc., Saft Groupe S.A., Northstar Battery Company LLC., C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd, Exide Industries Ltd., Koyo Battery Co., Ltd., Tai Mao Battery Co., Ltd., PT Century Batteries Indonesia, Thai Bellco Battery Co.,Ltd. and CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.).
Key Questions Answered in This Report:
1. Preface 2. Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3. Executive Summary 4. Introduction 4.1 Overview 4.2 Properties 4.3 Key Industry Trends 5. Global Automotive Lead-Acid Battery Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Vehicle Type 5.4 Market Breakup by Product 5.5 Market Breakup by Type 5.6 Market Breakup by Customer Segment 5.7 Market Breakup by Region 5.8 Market Forecast 6. Market Breakup by Vehicle Type 6.1 Passenger Cars 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Commercial Vehicles 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Two-Wheelers 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 HEV Cars 6.4.1 Market Trends 6.4.2 Market Forecast 7. Market Breakup by Product 7.1 SLI Batteries 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Micro Hybrid Batteries 7.2.1 Market Trends 7.2.2 Market Forecast 8. Market Breakup by Type 8.1 Flooded Batteries 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Enhanced Flooded Batteries 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 VRLA Batteries 8.3.1 Market Trends 8.3.2 Market Forecast 9. Market Breakup by Customer Segment 9.1 OEM 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Replacement 9.2.1 Market Trends 9.2.2 Market Forecast 10. Market Breakup by Region 10.1 Asia Pacific 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 North America 10.2.1 Market Trends 10.2.2 Market Forecast 10.3 Europe 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Middle East and Africa 10.4.1 Market Trends 10.4.2 Market Forecast 10.5 Latin America 10.5.1 Market Trends 10.5.2 Market Forecast 11. Global Automotive Lead-Acid Battery Industry: SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12. Global Automotive Lead-Acid Battery Industry: Value Chain Analysis 12.1 Overview 12.2 Research and Development 12.3 Raw Material Procurement 12.4 Manufacturing 12.5 Marketing 12.6 Distribution 12.7 End-Use 13. Global Automotive Lead-Acid Battery Industry: Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14. Global Automotive Lead-Acid Battery Industry: Price Analysis 14.1 Price Indicators 14.2 Price Structure 14.3 Margin Analysis 15. Automotive Lead-Acid Battery Manufacturing Process 15.1 Product Overview 15.2 Raw Material Requirements 15.3 Manufacturing Process 15.4 Key Success and Risk Factors 16. Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players 16.3.1 Johnson Controls Inc. 16.3.2 Exide Technologies Inc. 16.3.3 GS Yuasa Corporation 16.3.4 Reem Batteries & Power Appliances Co. Saoc 16.3.5 Enersys Inc. 16.3.6 Saft Groupe S.A. 16.3.7 Northstar Battery Company LLC. 16.3.8 C&D Technologies, Inc. 16.3.9 Robert Bosch GmbH 16.3.10 East Penn Manufacturing Company 16.3.11 Panasonic Corporation 16.3.12 Trojan Battery Company 16.3.13 Samsung Sdi Company Limited 16.3.14 Leoch International Technology Ltd 16.3.15 Exide Industries Ltd. 16.3.16 Koyo Battery Co., Ltd. 16.3.17 Tai Mao Battery Co., Ltd. 16.3.18 PT Century Batteries Indonesia 16.3.19 Thai Bellco Battery Co.,Ltd. 16.3.20 CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.) |
Market by Vehicle Type
Market by Product
Market by Type
Market by Customer Segment
Market by Region