Automotive Lead Acid Batteries

Global Automotive Lead Acid Batteries Market to Reach US$15.0 Billion by 2030

The global market for Automotive Lead Acid Batteries estimated at US$13.0 Billion in the year 2024, is expected to reach US$15.0 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2024-2030. Aftermarket Passenger Cars, one of the segments analyzed in the report, is expected to record a 3.3% CAGR and reach US$6.2 Billion by the end of the analysis period. Growth in the Aftermarket Commercial Vehicles segment is estimated at 2.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.5 Billion While China is Forecast to Grow at 4.3% CAGR

The Automotive Lead Acid Batteries market in the U.S. is estimated at US$3.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.3% and 2.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Global Automotive Lead Acid Batteries Market - Key Trends and Drivers Summarized

Lead-acid batteries engineered for initiating automotive engines are tailored for providing a high burst of power to kickstart the combustion process. The battery design is characterized by numerous thin plates meticulously arranged to maximize surface area, thereby facilitating rapid current output essential for engine ignition. The automotive lead-acid battery market is experiencing diversification in terms of applications and geographic markets. Beyond conventional passenger vehicles, lead-acid batteries find applications in commercial vehicles, including trucks, buses, and industrial equipment. Furthermore, emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for automotive lead-acid batteries. Factors such as urbanization, industrialization, and infrastructure development drive the demand for vehicles, thus creating a need for reliable battery solutions. As these regions continue to invest in automotive electrification and modernization, the demand for lead-acid batteries is projected to continue.

The transition to electric vehicles (EVs) marks a pivotal moment in the automotive industry, driven by the imperative to reduce carbon emissions and embrace sustainable transportation solutions. As EVs gain traction worldwide, the discussion around battery technology becomes increasingly pertinent. Lead-acid batteries, long-standing staples in automotive engineering, face scrutiny amid the rise of newer, more advanced alternatives. The future of lead-acid batteries in electric vehicles (EVs) is nuanced, facing both challenges and opportunities. Despite their historical prominence in the EV sector, particularly for low-speed and short-range applications, lead-acid batteries are gradually being overshadowed by more advanced battery technologies like lithium-ion, which offer longer lifespans, higher energy densities, and lighter weights.

However, lead-acid batteries still hold certain advantages, particularly in terms of cost and availability, which keep them relevant in specific niches. Their low cost makes them suitable for applications where budget constraints are significant, such as in golf carts, forklifts, and some hybrid electric vehicles where they power auxiliary functions. Moreover, ongoing advancements in lead-acid technology, such as the development of Absorbent Glass Mat (AGM) batteries, show potential for improved performance and extended lifespans, which could enhance their applicability in larger EVs.

SCOPE OF STUDY:

The report analyzes the Automotive Lead Acid Batteries market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Aftermarket Passenger Cars, Aftermarket Commercial Vehicles, Aftermarket Motorcycles, OEM Passenger Cars, OEM Commercial Vehicles, OEM Motorcycles)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 62 Featured) -

• ATLASBX Co., Ltd.
• Camel Group Co., Ltd.
• Crown Battery
• East Penn Manufacturing Company, Inc.
• ENERSYS
• Exide Technologies
• FIRST NATIONAL BATTERY
• Fujian Quanzhou Dahua Battery Co. Ltd.
• Furukawa Battery Co. Ltd.
• GS Yuasa Corporation
• Hitachi Chemical Energy Technology Co., Ltd
• Johnson Controls, Inc.
• Leoch Battery Corporation
• Lion Batteries Holdings Pty Ltd.
• Narada Power Source Co., Ltd.
• Trojan Battery Company
• Yokohama Batteries
• ZIBO TORCH ENERGY Co., LTD.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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