Overview and Scope
The automotive lead-acid batteries refer to a rechargeable battery that supplies electric energy to an automobile. These lead-acid batteries have a high current and surge capability, making them ideal for starting internal combustion engines. It boosts vehicle performance by delivering increased longevity, dependability, efficiency, and tolerance. Due to their increased cell voltage levels and low cost of production, these batteries are commonly used in substations and power systems.
Sizing and Forecast
The automotive lead acid batteries market size has grown steadily in recent years. It will grow from $35.69 billion in 2023 to $37.47 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to automotive industry growth, conventional vehicle dominance, reliability and durability, aftermarket demand, cold cranking performance, support for start-stop systems..
The automotive lead acid batteries market size is expected to see strong growth in the next few years. It will grow to $45.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to transition to mild hybrid systems, continued dominance in conventional vehicles, market penetration in developing regions, support for commercial vehicles, hybridization trends, government support for recycling.. Major trends in the forecast period include increased focus on start-stop technology, advancements in battery technologies, rise of micro-hybrid vehicles, integration of smart battery technologies, evolving consumer preferences and technologies..
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Segmentation & Regional Insights
The automotive lead acid batteries market covered in this report is segmented –
1) By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
2) By Product: SLI Batteries, Micro Hybrid Batteries
3) By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales via Aftermarket
4) By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
Asia-Pacific was the largest region in the automotive lead acid batteries market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive lead acid batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in demand for electric vehicles is expected to propel the growth of the automotive lead-acid batteries market going forward. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourages the use of electric vehicles. These factors increases the demand for automobile lead-acid batteries, offering high power, inexpensive, safe, and reliable drive. For instance, in April 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, electric car sales accounted for 14% of all new cars sold globally in 2022, a considerable rise from 9% in 2021. This trend is expected to continue in 2023, with over 2.3 million electric cars sold in the first quarter alone, representing a 25% increase from the same period last year. Furthermore, it is projected that 14 million electric cars will be sold by the end of 2023, marking a 35% year-on-year increase, with new purchases accelerating in the second half of the year. Therefore, the rising demand for electric vehicles will drive the automotive lead-acid batteries market.
Key Industry Players
Major companies operating in the automotive lead acid batteries market report are GS Yuasa International Limited, Johnson Controls Inc., Exide Industries Limited, EnerSys Inc., Panasonic Corporation, CSB Battery Company Limited, East Penn Manufacturing Company, Leoch International Technology Limited, NorthStar Battery Company LLC, Clarios LLC, Koyo Battery Company Limited, FIAMM Energy Technology S.P.A, Reem Batteries & Power Appliances Co. SAOC, Trojan Battery Company LLC, C&D Technologies Inc., Robert Bosch GmbH, Thai Bellco Battery Co.Ltd., Crown Battery Manufacturing Company, Narada Power Source Co. Ltd., Shandong Sacred Sun Power Sources Co.Ltd., Amara Raja Batteries Limited, Banner Batterien GmbH, Camel Group Co.Ltd., Fengfan Co.Ltd., Guangdong Dynavolt Power Technology Co. Ltd., Haze Battery Co. Ltd., Hitachi Chemical Energy Technology Co. Ltd., Zibo Torch Energy Co.Ltd., Coslight Technology International Group Co.Ltd., PT Astra International Tbk
The automotive lead acid batteries market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Geographically, this report split Europe into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Sealed Lead-Acid Batteries for these regions, from 2012 to 2023 (forecast), includingGermanyUKFranceRussiaBeneluxItalySpainDownload FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/europe-sealed-leadacid-batteries-2018-966Europe Sealed Lead-Acid Batteries market competition by top manufacturers/players, with Sealed Lead-Acid Batteries sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players includingGS YuasaEast Penn ManufacturingEnerSysExide TechnologiesBAE BatterienJohnson ControlsAlpha TechnologiesAmara RajaHBL Power SystemsHOPPECKE BatterienC TechnologiesCrown BatteryPanasonic BatteryEverExceedExide IndustriesOn the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split intoAbsorbent Glass Mat BatteriesGel BatteriesOn the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Sealed Lead-Acid Batteries for each application, includingStationary BatteriesAutomotive BatteriesMotive BatteriesIf you have any special requirements, please let us know and we will offer you the report as you want.Get the Complete Report & TOC @ https://www.grandresearchstore.com/energy-and-natural-resources/europe-sealed-leadacid-batteries-2018-966Table of content1 Report Overview1.1 Definition and Specification1.2 Report Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.2.3 Type Overview1.2.4 Application Overview1.3 Industrial Chain1.3.1 Sealed Lead-Acid Batteries Overall Industrial Chain1.3.2 Upstream1.3.3 Downstream1.4 Industry Situation1.4.1 Industrial Policy1.4.2 Product Preference1.4.3 Economic/Political Environment1.5 SWOT Analysis2 Market Analysis by Types2.1 Overall Market Performance(Volume)2.1.1 Absorbent Glass Mat Batteries Market Performance (Volume)2.1.2 Gel Batteries Market Performance (Volume)2.2 Overall Market Performance(Value)2.1.1 Absorbent Glass Mat Batteries Market Performance (Value)2.1.2 Gel Batteries Market Performance (Value)3 Product Application Market3.1 Overall Market Performance (Volume)3.1.1 Stationary Batteries Market Performance (Volume)3.1.2 Automotive Batteries Market Performance (Volume)3.1.3 Motive Batteries Market Performance (Volume)4 Manufacturers Profiles/Analysis4.1 GS Yuasa4.1.1 GS Yuasa Profiles4.1.2 GS Yuasa Product Information4.1.3 GS Yuasa Sealed Lead-Acid Batteries Business Performance4.1.4 GS Yuasa Sealed Lead-Acid Batteries Business Development and MaCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
