Automotive Lead-Acid Battery Market Size, Share, Growth, Forecast 2030
Automotive Lead-Acid Battery Market By Product (SLI Batteries and Micro Hybrid Batteries), By Type (Flooded Batteries and VRLA Batteries), By End-Use (Passenger Cars and Light & Heavy Commercial Vehicles), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 - 2030
Category: Chemical & Materials Report Format : PDF
Pages: 215 Report Code: ZMR-7411
Published Date: Aug-2023 Status : Published
| Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 26 Billion | USD 40 Billion | 5.0% | 2022 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Automotive Lead-Acid Battery Market Market, (2023 - 2030) (USD Billion)
- 2.2 Global Automotive Lead-Acid Battery Market Market : snapshot
- Chapter 3. Global Automotive Lead-Acid Battery Market Market - Industry Analysis
- 3.1 Automotive Lead-Acid Battery Market Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Humungous sales of electric & hybrid automotive to boost the global market trends
- 3.3 Market Restraints
- 3.3.1. Changing prices of lead-acid batteries can impede the global industry expansion
- 3.4 Market Opportunities
- 3.4.1. Rise in the vehicle production is set to open new opportunities for growth for the global market
- 3.5 Market Challenges
- 3.5.1. Limited capacity use of the product can prove to be a big challenge for the global industry expansion
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By Type
- 3.7.3 Market attractiveness analysis By End-Use
- Chapter 4. Global Automotive Lead-Acid Battery Market Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Automotive Lead-Acid Battery Market Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Automotive Lead-Acid Battery Market Market - Product Analysis
- 5.1 Global Automotive Lead-Acid Battery Market Market overview: By Product
- 5.1.1 Global Automotive Lead-Acid Battery Market Market share, By Product , 2022 and 2030
- 5.2 SLI Batteries
- 5.2.1 Global Automotive Lead-Acid Battery Market Market by SLI Batteries, 2023 - 2030 (USD Billion)
- 5.3 Micro Hybrid Batteries
- 5.3.1 Global Automotive Lead-Acid Battery Market Market by Micro Hybrid Batteries, 2023 - 2030 (USD Billion)
- 5.1 Global Automotive Lead-Acid Battery Market Market overview: By Product
- Chapter 6. Global Automotive Lead-Acid Battery Market Market - Type Analysis
- 6.1 Global Automotive Lead-Acid Battery Market Market overview: By Type
- 6.1.1 Global Automotive Lead-Acid Battery Market Market share, By Type, 2022 and 2030
- 6.2 Flooded Batteries
- 6.2.1 Global Automotive Lead-Acid Battery Market Market by Flooded Batteries, 2023 - 2030 (USD Billion)
- 6.3 VRLA Batteries
- 6.3.1 Global Automotive Lead-Acid Battery Market Market by VRLA Batteries, 2023 - 2030 (USD Billion)
- 6.1 Global Automotive Lead-Acid Battery Market Market overview: By Type
- Chapter 7. Global Automotive Lead-Acid Battery Market Market - End-Use Analysis
- 7.1 Global Automotive Lead-Acid Battery Market Market overview: By End-Use
- 7.1.1 Global Automotive Lead-Acid Battery Market Market share, By End-Use, 2022 and 2030
- 7.2 Passenger Cars
- 7.2.1 Global Automotive Lead-Acid Battery Market Market by Passenger Cars, 2023 - 2030 (USD Billion)
- 7.3 Light & Heavy Commercial Vehicles
- 7.3.1 Global Automotive Lead-Acid Battery Market Market by Light & Heavy Commercial Vehicles, 2023 - 2030 (USD Billion)
- 7.1 Global Automotive Lead-Acid Battery Market Market overview: By End-Use
- Chapter 8. Automotive Lead-Acid Battery Market Market - Regional Analysis
- 8.1 Global Automotive Lead-Acid Battery Market Market Regional Overview
- 8.2 Global Automotive Lead-Acid Battery Market Market Share, by Region, 2022 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.3.1.1 North America Automotive Lead-Acid Battery Market Market, by Country, 2023 - 2030 (USD Billion)
- 8.3.1 North America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4 North America Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030
- 8.4.1 North America Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030 (USD Billion)
- 8.5 North America Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030
- 8.5.1 North America Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030 (USD Billion)
- 8.6 North America Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030
- 8.6.1 North America Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030 (USD Billion)
- 8.4. Europe
- 8.4.2 Europe Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4.2.1 Europe Automotive Lead-Acid Battery Market Market, by Country, 2023 - 2030 (USD Billion)
- 8.4.2 Europe Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4 Europe Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030
- 8.4.1 Europe Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030 (USD Billion)
- 8.5 Europe Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030
- 8.5.1 Europe Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030 (USD Billion)
- 8.6 Europe Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030
- 8.6.1 Europe Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030 (USD Billion)
- 8.5. Asia Pacific
- 8.5.3 Asia Pacific Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.5.3.1 Asia Pacific Automotive Lead-Acid Battery Market Market, by Country, 2023 - 2030 (USD Billion)
- 8.5.3 Asia Pacific Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4 Asia Pacific Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030
- 8.4.1 Asia Pacific Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030 (USD Billion)
- 8.5 Asia Pacific Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030
- 8.5.1 Asia Pacific Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030 (USD Billion)
- 8.6 Asia Pacific Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030
- 8.6.1 Asia Pacific Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030 (USD Billion)
- 8.6. Latin America
- 8.6.4 Latin America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.6.4.1 Latin America Automotive Lead-Acid Battery Market Market, by Country, 2023 - 2030 (USD Billion)
- 8.6.4 Latin America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4 Latin America Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030
- 8.4.1 Latin America Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030 (USD Billion)
- 8.5 Latin America Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030
- 8.5.1 Latin America Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030 (USD Billion)
- 8.6 Latin America Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030
- 8.6.1 Latin America Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030 (USD Billion)
- 8.7. The Middle-East and Africa
- 8.7.5 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.7.5.1 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by Country, 2023 - 2030 (USD Billion)
- 8.7.5 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 8.4 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030
- 8.4.1 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by Product , 2023 - 2030 (USD Billion)
- 8.5 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030
- 8.5.1 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by Type, 2023 - 2030 (USD Billion)
- 8.6 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030
- 8.6.1 The Middle-East and Africa Automotive Lead-Acid Battery Market Market, by End-Use, 2023 - 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Exide Industries Ltd.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Clarios
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Exide Technologies Inc.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 GS Yuasa Corporation
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 EnerSys Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Panasonic Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 East Penn Manufacturing Company
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Leoch International Technology Limited
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 and CSB Battery Company Limited.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.1 Exide Industries Ltd.
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 4. Porter’s Five Forces Analysis
- 5. Global Automotive Lead-Acid Battery Market Market attractiveness, By Product
- 6. Global Automotive Lead-Acid Battery Market Market attractiveness, By Type
- 7. Global Automotive Lead-Acid Battery Market Market attractiveness, By End-Use
- 8. Global Automotive Lead-Acid Battery Market Market share by Product , 2023 and 2030 (USD Billion)
- 9. Global Automotive Lead-Acid Battery Market Market by SLI Batteries, 2023 - 2030 (USD Billion)
- 10. Global Automotive Lead-Acid Battery Market Market by Micro Hybrid Batteries, 2023 - 2030 (USD Billion)
- 11. Global Automotive Lead-Acid Battery Market Market share by Type, 2023 and 2030 (USD Billion)
- 12. Global Automotive Lead-Acid Battery Market Market by Flooded Batteries, 2023 - 2030 (USD Billion)
- 13. Global Automotive Lead-Acid Battery Market Market by VRLA Batteries, 2023 - 2030 (USD Billion)
- 14. Global Automotive Lead-Acid Battery Market Market share by End-Use, 2023 and 2030 (USD Billion)
- 15. Global Automotive Lead-Acid Battery Market Market by Passenger Cars, 2023 - 2030 (USD Billion)
- 16. Global Automotive Lead-Acid Battery Market Market by Light & Heavy Commercial Vehicles, 2023 - 2030 (USD Billion)
- 17. Global Automotive Lead-Acid Battery Market Market share, by Region, 2023 and 2030
- 18. North America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 19. Europe Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 20. Asia Pacific Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 21. Latin America Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
- 22. The Middle-East and Africa Automotive Lead-Acid Battery Market Market, 2023 - 2030 (USD Billion)
Table Of Tables
- 1. Global Automotive Lead-Acid Battery Market Market: Snapshot
- 2. Drivers of the Automotive Lead-Acid Battery Market Market: impact analysis
- 3. North America Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 4. North America Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 5. North America Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 6. U.S. Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 7. U.S. Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 8. U.S. Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 9. Canada Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 10. Canada Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 11. Canada Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 12. Europe Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 13. Europe Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 14. Europe Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 15. Germany Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 16. Germany Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 17. Germany Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 18. France Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 19. France Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 20. France Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 21. U.K. Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 22. U.K. Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 23. U.K. Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 24. Italy Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 25. Italy Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 26. Italy Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 27. Spain Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 28. Spain Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 29. Spain Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 30. Rest of Europe Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 31. Rest of Europe Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 32. Rest of Europe Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 33. Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 34. Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 35. Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 36. China Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 37. China Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 38. China Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 39. Japan Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 40. Japan Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 41. Japan Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 42. India Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 43. India Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 44. India Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 45. South Korea Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 46. South Korea Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 47. South Korea Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 48. South-East Asia Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 49. South-East Asia Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 50. South-East Asia Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 51. Rest of Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 52. Rest of Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 53. Rest of Asia Pacific Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 54. Latin America Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 55. Latin America Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 56. Latin America Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 57. Brazil Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 58. Brazil Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 59. Brazil Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 60. Mexico Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 61. Mexico Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 62. Mexico Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 63. Rest of Latin America Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 64. Rest of Latin America Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 65. Rest of Latin America Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 66. The Middle-East and Africa Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 67. The Middle-East and Africa Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 68. The Middle-East and Africa Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 69. GCC Countries Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 70. GCC Countries Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 71. GCC Countries Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 72. South Africa Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 73. South Africa Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 74. South Africa Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
- 75. Rest of Middle-East Africa Automotive Lead-Acid Battery Market Market revenue, By Product , 2023 - 2030 (USD Billion)
- 76. Rest of Middle-East Africa Automotive Lead-Acid Battery Market Market revenue, By Type, 2023 - 2030 (USD Billion)
- 77. Rest of Middle-East Africa Automotive Lead-Acid Battery Market Market revenue, By End-Use, 2023 - 2030 (USD Billion)
Methodology
FrequentlyAsked Questions
An automotive lead-acid battery is a rechargeable battery that is utilized for starting a motor vehicle. The key aim of the product is to provide an electric current to an electric-powered motor that starts the chemically-driven internal combustion engine that propels the engine. Reportedly, the lead-acid battery comprises two kinds of lead in a mixture of acid and can perform an electrochemical reaction. After that, it transforms chemical energy into electric current and this can lead to voltage production in automotive.
The global automotive lead-acid battery market growth is owing to strict emission laws implemented by various governments for protecting the environment along with the need for enhancing fuel efficiency in vehicles leading to demand for lead-acid batteries in vehicles.
According to a study, the global automotive lead-acid battery industry size was $26 billion in 2022 and is projected to reach $40 billion by the end of 2030.
The global automotive lead-acid battery market is anticipated to record a CAGR of nearly 5% from 2023 to 2030.
The North American automotive lead-acid battery industry is set to register the highest CAGR over the forecasting timeline owing to growing renewable energy trends translating into massive demand for electric vehicles in countries such as Canada and the U.S. Moreover, a rise in the disposable income of the customers will promulgate the scope of the growth of the industry in the region.
The global automotive lead-acid battery market is led by players such as Exide Industries Ltd., Clarios, Exide Technologies Inc., GS Yuasa Corporation, EnerSys Inc., Panasonic Corporation, East Penn Manufacturing Company, Leoch International Technology Limited, and CSB Battery Company Limited.
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