Global Automotive Lead Acid Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Lead Acid Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lead-acid batteries have low internal resistance and can cope with high-current discharge needs. Depending on the capacity, the application direction is different. Medium-sized and small-density batteries can be widely used in UPS uninterruptible power supplies, control switches, alarms, automotive traction power supplies, electric bicycles, and other fields. Large-density batteries are mainly used in communication backup power supplies for large base stations.

The lead-acid battery for automobiles, its main function is to start the generator and supply power to the electrical equipment of the whole car at low engine speed. For automobiles, lead-acid batteries must meet the requirements of large capacity, low internal resistance, and sufficient starting ability. In this way, it is possible to avoid the situation that the car is out of power during the driving, which will cause the car to be unable to move forward and delay the trip.

Market Overview:

The latest research study on the global Automotive Lead Acid Battery market finds that the global Automotive Lead Acid Battery market reached a value of USD 23170.27 million in 2022. It’s expected that the market will achieve USD 31549.57 million by 2028, exhibiting a CAGR of 5.28% during the forecast period.

Global COVID-19 Status and Economic Overview

The outbreak of COVID-19 is affecting almost every region in the world. Each region has been affected by a significant growth and demotion. East Asia and the Pacific will grow by only 0.5%. South Asia will contract by 2.7%, Sub-Saharan Africa will contract by 2.8%, the Middle East and North Africa will contract by 4.2%, Europe and Central Asia will contract by 4.7%, and Latin America will contract by 7.2%. These downturns are expected to reverse years of progress towards achieving development goals and plunge thousands of people into extreme poverty. Emerging markets and developing economies will be hit by economic resistance from multiple quarters: a weak medical system, losses in trade and tourism, reduced remittances, insufficient capital flows, and increasing debt pressures that have led to tight financial conditions. Developed economies are expected to reduce 7%. This crisis has exceeded the speed of the global economy, and a global recession has become inevitable.
Due to the pandemic of COVID-19, the global economy is expected to lose nearly USM USD8.5 trillion in output value in the next two years, which will erase almost all the gains of the previous four years. The sharp economic contraction marked the worst contraction since the Great Depression in the 1930s, while the economic downturn at the beginning of the year was only 2.1%. And the outbreak of COVID-19 will aggravate the phenomenon of poverty and inequality. By 2030, 130 million people may join the ranks of the extremely poor, which has hit the global efforts to eliminate extreme poverty and hunger. This epidemic has greatly damaged low-skilled and low-paying jobs, while at the same time making high-skilled jobs less affected, which will further increase income inequality within and between countries.

Market Restraints Analysis

Lead, the main raw material in lead-acid batteries, basically determines the material cost of lead-acid batteries. Therefore, changes in the price of lead will have an impact on the industry. In the past two years, the price of lead has fluctuated greatly. Controlling the risks caused by the fluctuation of the cost of raw materials is the main problem that lead-acid battery manufacturers have to solve. This situation will continue in the future.
Lead is the main raw material of lead-acid batteries. In the production process, the main problem is lead pollution. The random discharge of lead-containing wastewater will bring serious disasters to the environment and biology. Therefore, all countries have adopted strict environmental protection policies for the heavy metal industry. In particular, China, the main producer of lead-acid batteries, has stepped up efforts in environmental governance. Since 2008, a series of policies have been issued one after another, putting forward higher requirements for pollution control in the lead-acid battery industry chain, and standardizing pollution control and management behaviors in the production and recycling industries of lead-acid batteries. The environmental protection improvement of the industry has increased, and the development of lead-acid batteries has been cold.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Clarios is one of the major players operating in the Automotive Lead Acid Battery market, holding a share of 21.57% in 2020.

Clarios has created the most advanced battery technology for almost all types of vehicles. Clarios is a global leader in energy storage solutions, powering one-third of the world's vehicles.

GS Yuasa Corporate

Based on the core technology of effective charging and discharging, GS Yuasa products are widely used in various applications in society, such as car batteries, industrial batteries, uninterruptible power supply systems or the development of high-performance batteries for deep-sea research and space.

Segmentation Overview:

Among different product types, Ordinary batteries segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Car segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Lead Acid Battery market covered in Chapter 3:

GS Yuasa Corporate
ATLASBX Co. Ltd
Triathlon Batteries
East Penn Manufacturing Company
Exide Technologies
Chaowei Power
Leoch
EnerSys
Panasonic Corporation
Exide Industries Limited
Robert Bosch GmbH
Banner batteries
C&D Technologies
Tianneng Power
Clarios (Johnson Controls)
Furukawa Battery
Camel

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Lead Acid Battery market from 2018 to 2029 is primarily split into:

AGM batteries
EFB batteries
Ordinary batteries

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Lead Acid Battery market from 2018 to 2029 covers:

Passenger Car
ICE
Hybrid
Electric
Light Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)