Is Your Business Ready for the Surge in Automotive Lead-Acid Battery Demand?

 The report "Automotive Lead-Acid Battery Market by Product (SLI Batteries, Micro Hybrid, Auxiliary), Type (Flooded, VRLA), End Use (Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers, Three Wheelers), and Region - Global Forecast to 2032", is projected to grow from USD 28.88 billion in 2024 to USD 36.72 billion by 2032, at a CAGR of 3.0% during the forecast period. Major factors contributing to the growth of the automotive lead acid battery market includes Passenger vehicles, commercial vehicles, and two-wheelers all depend on lead-acid batteries for starting, lighting, and ignition (SLI) applications. The surge in vehicle ownership, fueled by increasing urbanization and rising disposable incomes in developing regions, has further boosted demand. Additionally, the steady production of ICE vehicles, which still dominate the global automotive market despite the rise of electric vehicles (EVs), ensures sustained reliance on lead-acid batteries. 

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The SLI battery segment is expected to account for the largest value share of the automotive lead acid battery market by product during the forecast period. 

SLI (Starting, Lighting, and Ignition) batteries hold the largest value share in the automotive lead acid battery market due to their widespread use in traditional internal combustion engine vehicles. These batteries are essential for powering critical vehicle functions like starting the engine, providing electricity to lighting systems, and supporting electrical components. The dominance of SLI batteries is attributed to the vast number of ICE vehicles on the road, especially passenger cars which form the largest segment within the automotive market.

By type, the VRLA batteries segment is expected to account for the largest market share in terms of value during the forecast period.

Valve-Regulated Lead-Acid (VRLA) batteries dominate the automotive lead acid battery market by value share due to their superior performance and maintenance-free operation. They are widely used in motorcycles, passenger cars, and commercial vehicles. VRLA batteries offer benefits like longer lifespan, leak-proof design, and the ability to be mounted in any orientation. These advantages, coupled with increasing demand for high-performance batteries, have driven the growth of the VRLA segment and solidified its position as the largest by value share.

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By End Use, the passenger cars segment is expected to account for the largest market share during the forecast period in terms of value.

Passenger cars account for the largest value share in the automotive lead acid battery market due to their sheer number on the road globally. The majority of passenger cars still rely on internal combustion engines, which require powerful batteries to start and operate. As the automotive industry continues to grow, especially in developing countries, the demand for passenger cars and consequently, lead acid batteries is expected to remain strong. However, the increasing adoption of electric vehicles is likely to gradually reduce the market share of passenger cars in the long run.

By customer segment, the aftermarket segment is expected to account for the largest market share during the forecast period in terms of value.

The aftermarket segment holds the largest value share in the automotive lead acid battery market due to the inevitable need for battery replacements as vehicles age. As lead-acid batteries have a finite lifespan, the demand for replacement batteries remains consistent. Factors like increasing vehicle ownership, especially in emerging markets, and the aging vehicle fleet contribute to the growth of the aftermarket segment. Additionally, advancements in battery technology, such as enhanced flooded batteries (EFB) and absorbent glass mat (AGM) batteries, cater to the evolving needs of modern vehicles and further drive the aftermarket demand.

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Asia Pacific will register the largest market share during the forecast period.

The Asia Pacific region holds the largest value share in the global automotive lead acid battery market due to its massive automotive industry, rapid urbanization, and increasing vehicle ownership rates. Countries like China, India, and Japan are major automotive hubs, driving significant demand for lead-acid batteries. Additionally, the region's growing middle class and rising disposable incomes are fueling the purchase of personal vehicles, further boosting the market. Moreover, the presence of several key automotive manufacturers and suppliers in the region contributes to its dominance in the lead-acid battery market.

Automotive Lead Acid Battery Companies

Some of the leading players in this market include EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India).

EnerSys (US)

EnerSys is a global leader in stored energy solutions, providing varieties of batteries to different applications. The company offers its products through various segments, including motive power (for forklifts, material handling equipment, and others), energy systems (for data centers, telecom, and others), and specialty for various niche applications. It offers services that include designing, building, installing, and maintaining battery systems. It offers its products for use in different industries, including communications network, logistics & warehousing, transportation, cable broadband, data centers, industrial power & utilities, aerospace & defense, safety & security, and medical.

The company has a global presence with manufacturing facilities in China, Europe, the US, and Oceania and serves customers in over 100 countries. It also has regional headquarters in Europe and Asia. Alpha Technologies Services, Inc. (US), NorthStar Battery (US), Odyssey Battery (US), ICS Industries (Australia), and Purcell Systems (US)are the subsidiaries of Enersys.

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Clarios (US)

Clarios, formerly Johnson Controls Power Solutions, is an energy storage solutions provider to the automotive industry. Johnson Controls Power Solutions, the battery division of Johnson Controls international Inc., was acquired by Brookfield Business Partners LP, and was renamed Clarios on May 2019. Clarios sells its automotive batteries globally under both private labels and company brand names like Varta, Optima, LTH, Delkor, Baterias MAC, and Heliar. Clarios has more than 50 manufacturing, recycling & distribution centers worldwide. The company has its presence in more than 100 countries in North America, Europe, and Asia Pacific.

East Penn Manufacturing Company (US)

East Penn Manufacturing Company is a leading producer of high-quality lead-acid batteries and accessories, serving a wide range of applications such as automotive, commercial, marine, industrial, and stationary power. Its product lineup includes starting, deep-cycle, AGM (Absorbent Glass Mat), and gel batteries, catering to both original equipment manufacturers (OEMs) and the aftermarket. Alongside batteries, East Penn offers a full range of battery accessories, like cables, terminals, and chargers.

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GS Yuasa International Ltd. (Japan)

GS Yuasa International Ltd. is a subsidiary of GS Yuasa Corporation, a major player in the battery manufacturing industry. The company primarily focuses on the production and sale of automotive and industrial batteries, power supply systems, and other electrical equipment. GS Yuasa manufactures a wide range of lead-acid batteries for various automotive applications, including passenger cars, commercial vehicles, and motorcycles. The company also produces industrial batteries for various applications such as forklifts, UPS systems, and renewable energy storage systems. GS Yuasa offers a range of power supply systems for various industries, including telecommunications, data centers, and medical equipment. The company also manufactures other electrical equipment, such as switchgear and substation equipment, which are essential components of electrical power distribution systems. GS Yuasa International Ltd. has a strong global presence with manufacturing facilities and sales offices in Asia, Europe, North America, and Others.