India Automotive Lead Acid Battery Market Overview, 2022-28

India Automotive Lead Acid Battery Market Overview, 2022-28

The report titled India Automotive Lead Acid Battery Market Overview, 2027-28 provides deep analysis of the Indian Automotive Lead Acid Battery market with size in terms of both value and volume of automotive lead acid battery market and also provides market share of different segments. The report formed by segregating data from various sources and various time frames. It consists of various historic data and based on current situation of market and key factors provide forecast based on best suitable method. This could defiantly be helpful in identifying the market segments which are driving growth. The report consists profiles of leading companies.

India Automotive Lead Acid Battery Market Overview, 2027-28

The India Automotive Lead Acid Battery market which has seen a high amount of growth in the value terms in last five years. The market saw growth of all categories of automotive batteries, especially in two wheelers, followed by four wheelers and commercial vehicle batteries. The Indian Automotive Lead Acid Battery market is expected to growth with a CAGR of more than 10% from 2022-23 to 2027-28. With highest sales of two wheelers and four wheelers in Indian market, OEM and replacement battery market is also at its high. Two wheelers market has total sales of more than 123 million in last 8 years. The market share of replacement battery segment is currently more than 70%. For future the share is expected to increase further with increasing number of vehicles in India. The key factors which drive the India automotive lead acid battery market are: Surge in automotive sales, Lead acid batteries strikes the right balance of cost and effectiveness, Rising demand for battery-powered vehicles, Recycling of the battery gives it an advantage over other competing products, Growing popularity of start/stop systems in the automotive sector.

India automotive lead acid battery market witnessed significant growth in recent years owing to its cost-effectiveness and high recyclability. The main drivers for lead acid battery in India are raising urbanization and increased focus on EVs by the government. Although, Covid-19 outbreak resulted in a significant decline in lead acid market on the back of the falling commercial sector in India during 2020 and the decline in automobile production..

Growing advancement in technology coupled with the strengthening of the telecommunication sector is adding to the Lead Acid Battery Industry in India. Moreover, the growing energy generation and rising demand for its storage are also the key factors fostering the growth of the market.

Major Companies

Major companies that operate into Indian Automotive Lead Acid Battery market are Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Limited, TATA Autocomp Gy Batteries Private Limited, Okaya Power Pvt. Ltd, Su Kam Power Systems Limited, Base Corporation Limited, and HBL Power Systems Limited.

Considered for the Report:
Geography: India
Base Year: FY 2021-22
Estimated Year: FY 2022-23
Forecast Year: FY 2027-28

Objective of the study:
• To present an Indian Overview on Indian Automotive Lead Acid Battery industry.
• To analyse and forecast the India Automotive Lead Acid Battery market size, in terms of value.
• To analyse and forecast the India Automotive Lead Acid Battery market size, in terms of volume.
• To define, classify and forecast Automotive Lead Acid Battery market on the basis of segments like two wheeler battery, three wheeler battery, passenger vehicle battery, commercial vehicle battery, tractor battery, motive battery
• To strategically profile leading players, which are operating in the Automotive Lead Acid Battery industry of India

Approach for the Report:
Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Automotive Lead Acid Battery market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.
Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of automotive battery were recorded and subsequently forecasted for the future years.

Scope of the Report:
“India Automotive Lead Acid Battery Market overview, 2027-28” discusses the following aspects of Automotive Lead Acid Battery market in India:
• India Lead Acid Battery Market By value
• India Lead Acid Battery Market By Type & Segment
• India Automotive Lead Acid Battery Market By Value& Volume
• India Automotive Lead Acid Battery Market Share By Type, Industry & Company
• India Automotive OEM Battery Market By Value & Volume

Intended Audience
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Automotive Lead Acid Battery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.