Automotive Lead Acid Battery Market to Expand at a CAGR of 3.1% 2019-2024 - IMARC Group

Global Automotive Lead-Acid Battery Market Research Report and Forecast

Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Global Automotive Lead-Acid Battery Market Overview: The latest study by IMARC Group, titled “Automotive Lead-Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, estimates that the global automotive lead-acid battery market reached a value of US$ 12.5 Billion in 2018. A lead-acid battery is made up of lead and lead oxide plates, immersed in a sulfuric acid solution. It converts chemical energy into electrical power during the discharge cycle. These batteries are widely employed for starting, lighting, and ignition (SLI) purpose in automobiles. They also supply voltage to vehicle accessories like air conditioners, radio, music players, wipers, and charging plugs. These batteries have a sizeable power-to-weight ratio and consequently, can provide surge currents required by automotive starter motors.

Automotive Lead-Acid Battery Market Trends Escalating automobile sales is the key factor driving the market growth, particularly in emerging regions like Asia Pacific and the Middle East. Since these batteries are low in cost and easily rechargeable, they are preferred by automotive manufacturers for use in start-stop systems.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Moreover, manufacturers are continually engaging in research and development activities with the aim to improve the efficiency of these batteries. Owing to the aforementioned factors, the market is anticipated to exceed the value of US$ 15 Billion by 2024, expanding at a CAGR of 3.1% during 2019-2024.

Report Description and Highlights

Report Description

Additionally, increasing demand for electric vehicles and e-bikes owing to improving living standards and inflating income levels is another major factor which is influencing the sales of lead-acid batteries.

Key Market Segmentation: Market Segmentation by Vehicle Type • • • •

Passenger Cars Commercial Vehicles Two-Wheelers HEV Cars

On the basis of the vehicle type, the market has been categorized into passenger cars, commercial vehicles, two-wheelers, and HEV cars. Amongst these, automotive lead-acid batteries are mostly used in passenger cars.

Market Segmentation by Product •

SLI Batteries

Report Description and Highlights

Report Description •

Micro Hybrid Batteries

Based on the product type, SLI batteries are the most popular product types, followed by micro hybrid batteries.

Market Segmentation by Type • Flooded Batteries • Enhanced Flooded Batteries • VRLA Batteries • On the basis of types, flooded batteries account for the dominant market share. Other major segments include enhanced flooded batteries and VRLA batteries.

Market Segmentation by Region • • •

Asia Pacific Europe North America

Report Description and Highlights

Report Description • •

Middle East and Africa Latin America

On the geographical front, the market has been segregated into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific holds the leading share in the global market.

Market Segmentation by Customer Segment • •

OEM Replacement

Based on the customer segment, the market has been bifurcated into OEM and replacement.

Replacement currently represents the most popular customer segment.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

Report Description and Highlights

Report Description • • • • • • • • • • • • • • • • •

Johnson Controls Inc. Exide Technologies Inc. GS Yuasa Corporation Reem Batteries & Power Appliances Co. Saoc Enersys Inc. Saft Groupe S.A. Northstar Battery Company LLC. C&D Technologies, Inc. Robert Bosch GmbH East Penn Manufacturing Company Panasonic Corporation Trojan Battery Company Samsung Sdi Company Limited Leoch International Technology Ltd Exide Industries Ltd. Koyo Battery Co., Ltd. Tai Mao Battery Co., Ltd.

Report Description and Highlights

Report Description • • •

PT Century Batteries Indonesia Thai Bellco Battery Co.,Ltd. CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.)

For more information, click here: https://www.imarcgroup.com/automotive-lead-acid-battery-market

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

Š 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com