Automotive Lead Acid Battery Market Size Report 2028

Automotive Lead Acid Battery Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (SLI and Micro Hybrid Batteries), Type (Flooded, Enhanced Flooded, and VRLA), and End-user (Passenger Car, LCV, and MCV and HCV)

Publication Month : May 2021

  • Report Code : TIPRE00022629
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 181
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[Research Report] The automotive lead acid battery market was valued at US$ 16,860.5 million in 2020 and is projected to reach US$ 23,668.0 million by 2028; it is expected to grow at a CAGR of 3.1% from 2021 to 2028.

The success of the automotive lead-acid battery market is closely tied to the performance of the automotive industry. Thus, if the automotive industry is growing, the automotive lead-acid battery market will increase as well, and vice versa. This trend of lead acid batteries is projected to continue in the coming years due to their continued use in the vehicle sector. These batteries are used in automobiles for starting, lighting, and ignition (SLI). Rise in passenger car and light commercial vehicle production, as well as the vehicle parc (on-the-road fleet), are predicted to aid the industry's development during the next several years. In addition, the rising penetration of sophisticated cars integrated with advanced safety and navigation systems is creating a positive consequence on sharing concepts. Economies like the US and China are the leading markets when it comes to evolving automotive sector. At present, commercial 12V battery technology depends on lead-based chemistries. More than 400 million 12V lead-based batteries are manufactured annually to cater to the needs of both OEMs and aftermarket related to light-duty vehicle applications globally. Europe is experiencing demand for more than 60 million batteries yearly. As a result, the automotive lead acid battery market is likely to grow throughout the forecast period.

APAC dominated the automotive lead acid battery market in 2020. Factors such as extensive adoption of premium cars, sedans, and SUVs among the APAC population contribute significantly to the region’s major market share. Further, General Motors Holden, Toyota Motor Corporation Australia Limited, Ford Motor Company of Australia Limited, Mitsubishi Motors Australia Ltd. (MMAL), Isuzu Australia Limited, Hyundai Commercial Vehicles Australia, and Volkswagen Group Australia Pty Ltd. are among the well-known manufacturers of commercial vehicles in the country. All these manufacturers are demanding the integration of automotive lead acid batteries in the cars to meet the emerging requirements from the customers. Moreover, escalating automotive manufacturing operations, rising demand for electric vehicles, and growing focus of the automotive lead acid battery manufacturers toward offering low-cost and high-efficiency products is expected to drive the automotive lead acid battery’s market in the Rest of APAC countries during the forecast period.

Impact of COVID-19 Pandemic on Automotive Lead Acid Battery Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of electronics equipment, including the hardware component of automotive lead acid batteries. The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the automotive industry experts to analyze that the industry would face at least a quarter of lag in automotive equipment supply chain. This disruption is expected to create tremors through till mid-2021. The electronics equipment and automotive industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily in order to revive the economy. The production of the electronics equipment and automotive is anticipated to gain pace from 2022, which is further foreseen to positively influence the electronics equipment and automotive manufacturing, including hardware components of automotive lead acid batteries.

Lucrative Regions for Automotive Lead Acid Battery Market

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Market Insights

Rising Adoption of Mild Hybrid Vehicles

The world is witnessing a proliferation in the adoption of hybrid vehicles. Due to the formulation of stringent emission standards by government to protect environment, while boosting fuel efficiency, both automotive manufacturers and government are making a strategic move toward promoting the use of hybrid vehicles. EVI Membership, EV30@30 campaign, EVI Global EV Pilot City Programme (EVI-PCP), FAME-I and II, National Mission for Transformative Mobility and Battery Manufacturing, National Electric Mobility Mission Plan, and Phased Manufacturing Program are among the government initiatives promoting the use of next generation of mobility. These initiatives are contributing toward fostering the adoption of hybrid vehicles.
In addition, there are numerous automotive manufacturers making significant investments in developing mild hybrid vehicles. The auto manufacturers have initiated the introduction of 48V mild hybrid among a standard feature in new vehicle models. Volkswagen, which is one of the key players in mild hybrid vehicles, unveiled 48V mild hybrid version of 8th generation Golf in 2019. In the same year, Ford revealed Focus EcoBoost Hybrid & Fiesta EcoBoost Hybrid vehicle models to cater to the European market. Introduction of such mild hybrid vehicles into the market is driving the adoption of lead acid batteries for automotive applications.

Product-Based Market Insights

Based on product, the global automotive lead acid battery market is segmented into SLI and micro hybrid batteries. In 2020, the SLI segment accounted for a larger market share. SLI battery is a rechargeable lead acid battery, and it is widely used in several kinds of automobiles.

Type-Based Market Insights

Based on type, the automotive lead acid battery market is segmented into flooded, enhanced flooded, and VRLA. Flooded lead acid battery includes an electrolyte which is free to move around inside the battery encasement. After getting charged, the lead plates and battery acid react to store electricity. These batteries offer the least cost per amp hour among various types of lead acid batteries.

End User-Based Market Insights

Based on end user, the automotive lead acid battery market is segmented into passenger car, LCV, and MCV and HCV. Passenger car is a road vehicle used for carrying passengers with limited seating capacity (not more than 9 people). Modern SLI batteries use six connected cells and provide 12-volt system in many passenger cars.


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Automotive Lead Acid Battery Market: Strategic Insights

automotive-lead-acid-battery-market
Market Size Value inUS$ 16,860.5 Million in 2020
Market Size Value byUS$ 23,668.0 Million by 2028
Growth rateCAGR of 3.1% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Clarios; Exide Industries Limited; GS Yuasa International Ltd; Johnson Controls, Inc.; and Panasonic Corporation are among the key players implementing various strategies to increase the customer base and gain significant share in the global automotive lead acid battery market, which, in turn, permits them to maintain their brand name.

A few of the recent key developments are:

  • In 2020, GS Yuasa International Ltd. extended partnership with Infinite Renewables to create UK’s local energy centers. They were launching a project with Albion Community Power to integrate Yuasa’s hybrid lead/lithium battery system with renewable wind and solar power sources.
  • In 2018, leoch International Technology Limited Inc won a number of titles. The company won 2017 China Lead-Acid Battery Industry Advanced Collective, 2017 China Lead-Acid Battery Industry Quality Five-Star Enterprise, 2017 China Lead-acid Battery Industry Famous Brand in 2017, 2017 China Lead-acid Battery Industry Leader, and 2017 China Lead-acid Battery Industry Outstanding Entrepreneur, among others.

Automotive Lead Acid Battery Market Segmentation:

  • By Product

    • SLI
    • Micro Hybrid Batteries
  • By Type

    • Flooded
    • Enhanced Flooded
    • VRLA
  • By End-user

    • Passenger Car
    • LCV
    • MCV and HCV

Company Profiles

  • Clarios
  • CSB Energy Technology Co.
  • East Penn Manufacturing Company
  • ENERSYS.
  • EXIDE INDUSTRIES LTD
  • GS Yuasa International Ltd.
  • Johnson Controls.
  • KOYO BATTERY CO., LTD
  • leoch International Technology Limited Inc
  • Panasonic Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product , Type , and End-user

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


What factors are providing opportunities for Automotive Lead Acid Battery market?

At present, the vehicles are becoming more electrified and autonomous, the future of vehicle technology is getting evolved. Companies like Clarios have developed a 12-volt advanced lead-acid battery which would be a part of changing future vehicle technology. The new 12-volt advanced lead acid battery will provide below mentioned benefits.

Which product type led the Automotive Lead Acid Battery market?

An SLI battery is a type of lead-acid battery which is rechargeable and is widely used in many kinds of automobiles. The term SLI stands for starting, lighting, and ignition. These all are the processes that consume energy which is provided by the vehicle’s battery. It is very important to know the basic specifications, features, and functionalities of the SLI battery for understanding the overall performance of the particular vehicle. This lead-acid battery consists of a copper terminal, container, vent plugs and safety valve on the external while positive and negative plates, water and sulfuric acid on the internal. Batteries manufactured by different manufacturers may appear different physically, but the external parts are always standard.

Which factor is driving the Automotive Lead Acid Battery market?

The world is witnessing a proliferation in the adoption of hybrid vehicles. Due to formulation of stringent emission standards by government to protect environment while boosting fuel efficiency, both automotive manufacturers and government are making a strategic towards promoting use of hybrid vehicles from old and conventional vehicles. EVI Membership, EV30@30 campaign, EVI Global EV Pilot City Programme (EVI-PCP), FAME-I and II, National Mission for Transformative Mobility and Battery Manufacturing, National Electric Mobility Mission Plan, and Phased Manufacturing Program are some of the government initiatives promoting use of next generation of mobility. These initiatives are contributing towards fostering the adoption of vehicles including hybrid vehicles.

The List of Companies - Automotive Lead Acid Battery Market

  1. Clarios
  2. CSB Energy Technology Co., Ltd.
  3. EnerSys
  4. East Penn Manufacturing Company
  5. Exide Industries Limited
  6. GS Yuasa International Ltd.
  7. Johnson Controls, Inc.
  8. leoch International Technology Limited Inc
  9. Panasonic Corporation
  10. Koyo Battery Co., Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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