Europe Automotive Lead Acid Battery Market Key Players and Opportunities by 2028

The automotive lead acid battery market in Europe is expected to grow from US$ 4,296.50 million in 2021 to US$ 5,732.39 million by 2028; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Surge in manufacturing of cars and commercial vehicles is the major factor driving the growth of the Europe automotive lead acid battery market. Since the past few years, the consumer behavior towards intercity and intracity transit has transformed to a newer level. With increasing disposable income of individuals and stable economic structure of countries, the production of vehicles has boosted exponentially. With rising demand for cars globally, the production has further got impacted positively which is creating demand for batteries including lead acid batteries. Below is data as per OICA about car production across the world for last three consecutive years. In 2020, Germany, and the UK, have produced massive number of cars and commercial vehicles within their boundaries. Such massive production of automobile would continue to impact the demand for car batteries including lead acid batteries. Furthermore, factors such as on-demand mobility, arrival of ultra-batteries in energy storage space, and development of advanced energy storage modules for the automobile sector is also driving the production of automotive, and so the demand for lead acid batteries.

In Europe, Russia is the hardest-hit country by the COVID-19 outbreak, and it has reported ~4.49 million cases as of March 2021. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Vehicle production has declined due to the shutdown of factories. The region experienced the production loss of 3.6 million vehicles worth Euro 100 billion in the first half of 2020 owing to the infection spread and the related restrictions imposed by the respective governments. This is led to the hindered growth of the automotive lead acid batteries market in Europe in 2020.  

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive lead acid battery market. The Europe automotive lead acid battery market is expected to grow at a good CAGR during the forecast period.

Europe Automotive Lead Acid Battery Market Segmentation

Europe Automotive Lead Acid Battery Market – By Product

• SLI
• Micro Hybrid Batteries

Europe Automotive Lead Acid Battery Market – By Type

• Flooded
• Enhanced Flooded
• VRLA

Europe Automotive Lead Acid Battery Market – By End User

• Passenger Cars
• LCV
• M&HCV

Europe Automotive Lead Acid Battery Market, by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe  

Europe Automotive Lead Acid Battery Market - Companies Mentioned

• Clarios
• CSB Energy Technology Co., Ltd.
• East Penn Manufacturing Company
• EnerSys
• Exide Industries Limited
• GS Yuasa International Ltd.
• Johnson Controls, Inc.
• leoch International Technology Limited Inc
• Panasonic Corporation

Europe Automotive Lead Acid Battery Report Scope