Dublin, Jan. 16, 2025 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

The global automotive lead acid battery market is projected to grow from USD 28.88 billion in 2024 to USD 36.72 billion by 2032, at a CAGR of 3% during the forecast period.

The automotive industry continues to grow, especially in emerging economies like India, China, and Southeast Asia, the need for reliable and cost-effective battery solutions intensifies. Lead-acid batteries are the preferred choice for most vehicles due to their affordability, proven performance, and compatibility with conventional internal combustion engine (ICE) vehicles.



Micro Hybrid Batteries segment, by product, is estimated to account for the second largest share during the forecast period

Micro-hybrid batteries hold the second-largest share in the automotive lead-acid battery market, driven by their compatibility with start-stop systems and increasing demand for fuel-efficient vehicles. These batteries are cost-effective compared to full-hybrid or electric alternatives and are specifically designed to handle the frequent charge and discharge cycles required by modern vehicle technologies. Stricter emission regulations and advancements in Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) technologies have further boosted their adoption. While traditional flooded lead-acid batteries dominate the market, micro-hybrid batteries are rapidly gaining traction, fueled by the automotive industry's shift toward more eco-friendly and efficient solutions.

By type, flooded batteries segment accounted for the second largest share during the forecast period

Flooded batteries hold the second-largest share in the automotive lead-acid battery market by type, following Absorbent Glass Mat (AGM) batteries. Despite their traditional design, flooded batteries remain widely used due to their cost-effectiveness and reliable performance in standard vehicles. However, their market share has slightly declined as advancements in AGM and Enhanced Flooded Batteries (EFB) better meet the demands of modern automotive technologies, such as start-stop systems. Nevertheless, flooded batteries continue to be a preferred choice for many conventional vehicles, particularly in regions with a strong market for cost-sensitive consumers.

By End-Use, light & heavy commercial vehicles segment accounted for the second largest share during the forecast period

Light and heavy commercial vehicles hold the second-largest share in the end-use segment of the automotive lead-acid battery market. This significant share is driven by the consistent demand for lead-acid batteries in commercial vehicles, which require reliable and durable power sources for starting, lighting, and ignition (SLI) functions. These vehicles often operate in challenging conditions and rely on lead-acid batteries for their affordability, widespread availability, and ability to provide dependable performance. While passenger vehicles dominate the market, the growth of logistics, construction, and transportation industries has bolstered the adoption of lead-acid batteries in commercial vehicles, sustaining their prominent position in the market.

By Customer Segment, OEM segment accounted for the second largest share during the forecast period

The OEM (Original Equipment Manufacturer) segment holds the second-largest share in the customer segment of the automotive lead-acid battery market. This position is attributed to the steady demand for lead-acid batteries in new vehicle production, where manufacturers prioritize cost-effective and reliable battery solutions for starting, lighting, and ignition (SLI) applications. Although the aftermarket segment leads due to the frequent replacement cycles of batteries, the OEM segment benefits from the continuous production of conventional vehicles and the incorporation of advanced lead-acid battery technologies, such as AGM and EFB, in modern vehicles equipped with start-stop systems. This ensures the OEM segment remains a key contributor to the market's overall growth.

North America is estimated to account for the second largest share during the forecast period

North America holds the second-largest share in the regional segment of the automotive lead-acid battery market. This is driven by the robust automotive industry in the region, which includes both the production of traditional vehicles and the increasing adoption of technologies like start-stop systems in newer models. The demand for lead-acid batteries in North America is bolstered by their widespread use in light vehicles, commercial vehicles, and replacement markets. Additionally, the region benefits from a well-established automotive manufacturing base and strong aftermarket demand, ensuring that lead-acid batteries continue to be a preferred power source due to their affordability and reliability.

EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), and Exide Industries Ltd. (India) are some of the major players in the automotive lead acid battery market. These players have adopted acquisitions, expansions, product launches, and partnerships to increase their market share and business revenue.

The report provides insights on the following:

• Analysis of key drivers (Well-established technology & cost-effective energy solution and easily recyclable compared with lithium-ion batteries), restraints (risk of battery explosion due to overcharging), opportunities (technological advancements enhancing durability and reducing maintenance requirements), and challenges (limited usage capacity of lead acid batteries) influencing the growth of the automotive lead acid battery market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the automotive lead acid battery market.
• Market Development: Comprehensive information about lucrative markets - the report analyses the automotive lead acid battery market across varied regions.
• Market Diversification: Exhaustive information about various types, untapped geographies, new products, recent developments, and investments in the automotive lead acid battery market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players in the automotive lead acid battery market, such as EnerSys (US), Clarios (US), East Penn Manufacturing Company (US), GS Yuasa International Ltd. (Japan), Exide Industries Ltd. (India), and others.

Key Attributes:

Key Topics Covered:

Premium Insights

• Attractive Opportunities for Players in Automotive Lead-Acid Battery Market
• Automotive Lead-Acid Battery Market, by Region
• Automotive Lead-Acid Battery Market, by Key Country

Market Dynamics

Drivers

• High Demand for Cost-Effective and Reliable Batteries in Automotive Industry and Affordability
• Easy Recyclability Compared with Lithium-Ion Batteries

Restraints

• Risk of Battery Explosion due to Overcharging
• Growing Adoption of Lithium-Ion Batteries

Opportunities

• Technological Advancements to Enhance Durability of Lead-Acid Batteries

Challenges

• Limited Capacity of Lead-Acid Batteries

Impact of Generative AI/AI on Automotive Lead-Acid Battery Market

• Enhancement of Battery Management Systems (BMS)
• Optimization of Charging Profiles
• Predictive Maintenance and Failure Analysis

Automotive Lead-Acid Battery Market, by Product

• SLI Batteries
  • Continuous Growth of Automotive Industry, Especially in Developing Economies, to Fuel Demand
• Micro Hybrid Batteries
  • Rising Demand for Sustainable Mobility Solutions and Fuel-Efficient Vehicles to Propel Demand
• Auxiliary Batteries
  • Increasing Electrification of Automobiles to Boost Demand

Automotive Lead-Acid Battery Market, by Type

• Flooded Batteries
  • Traditional Flooded Batteries - Relatively Low Initial Cost and Reliable Performance Under Challenging Circumstances to Fuel Market Growth
  • Enhanced Flooded Batteries - Improved Performance Tailored for Modern Vehicles with Start-Stop Systems to Drive Market
• VRLA Batteries
  • Absorbed Glass Mat Batteries - Superior Performance and Durability to Fuel Market Growth

Automotive Lead-Acid Battery Market, by Customer Segment

• OEM
  • Increasing Vehicle Production to Fuel Market Growth
• Aftermarket
  • Rising Battery Replacements and System Upgrades by Vehicle Owners to Drive Market

Automotive Lead-Acid Battery Market, by End Use

• Passenger Cars
  • Rising Disposable Income and Urbanization to Drive Market
• Light & Heavy Commercial Vehicles
  • High Starting Power and Electrical Support to Drive Market
• Two Wheelers
  • Cost-Effectiveness to Support Market Growth
• Three Wheelers
  • Affordability and Widespread Availability to Propel Market

Company Profiles

Key Players

• Enersys
• Clarios
• Exide Industries Ltd.
• GS Yuasa International Ltd.
• East Penn Manufacturing Company
• C&D Technologies, Inc.
• Camel Group Co. Ltd
• Tianneng Rechargeable Battery Manufacturers
• Leoch International Technology Limited
• Amara Raja Energy & Mobility Limited
• The Furukawa Battery Co. Ltd.
• Robert Bosch
• Reem Batteries
• Century Batteries Indonesia
• Stryten Energy
• Exide Technologies
• Crown Battery
• Fiamm Energy Technology
• CSB Energy Technology Co. Ltd.

Other Players

• Mebco
• Koyosonic Power Co. Ltd.
• Ritar International Group Limited
• Jyc Battery Manufacturer Co. Ltd.
• Power Sonic Corporation
• Xinfu Technology (China) Co. Limited

For more information about this report visit https://www.researchandmarkets.com/r/7qjr03

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• Automotive Lead-Acid Battery Market