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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Type, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Lead Acid Battery Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Automotive Lead Acid Battery Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Mild Hybrid Vehicles Getting Accepted
5.1.2 Surge in Manufacturing of Cars and Commercial Vehicles
5.2 Key Market Restraints
5.2.1 Electric Vehicles Getting Popular
5.3 Key Market Opportunities
5.3.1-volt lead-acid battery Shaping future of vehicle technology
5.4 Future Trends
5.4.1 Development of BSVI-Compliant Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Lead Acid Battery Market – Europe Analysis
6.1 Europe Automotive Lead Acid Battery Market Overview
6.2 Europe Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Automotive Lead Acid Batteries Market Analysis – By Product
7.1 Overview
7.2 Europe Automotive Lead Acid Batteries Market, By Product (2020 and 2028)
7.3 SLI
7.3.1 Overview
7.3.2 SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Micro Hybrid batteries
7.4.1 Overview
7.4.2 Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Automotive Lead Acid Batteries Market – By Type
8.1 Overview
8.2 Europe Automotive Lead Acid Batteries Market, by Type (2020 and 2028)
8.3 Flooded
8.3.1 Overview
8.3.2 Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Enhanced Flooded
8.4.1 Overview
8.4.2 Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
8.5 VRLA
8.5.1 Overview
8.5.2 VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Automotive Lead Acid Batteries Market – By End-User
9.1 Overview
9.2 Europe Automotive Lead Acid Batteries Market, by End-User (2020 and 2028)
9.3 Passenger Car
9.3.1 Overview
9.3.2 Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9.4 LCV
9.4.1 Overview
9.4.2 LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
9.5 MCV AND HCV
9.5.1 Overview
9.5.2 MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Automotive Lead Acid Battery Market – Country Analysis
10.1 Overview
10.1.1 Europe: Automotive Lead Acid Batteries Market- by Key Country
10.1.1.1 Germany: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Automotive Lead Acid Batteries Market- by Product
10.1.1.1.2 Germany: Automotive Lead Acid Batteries Market- By Type
10.1.1.1.3 Germany: Automotive Lead Acid Batteries Market- By End-user
10.1.1.2 France: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Automotive Lead Acid Batteries Market- by Product
10.1.1.2.2 France: Automotive Lead Acid Batteries Market- By Type
10.1.1.2.3 France: Automotive Lead Acid Batteries Market- By End-user
10.1.1.3 Italy: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Automotive Lead Acid Batteries Market- by Product
10.1.1.3.2 Italy: Automotive Lead Acid Batteries Market- By Type
10.1.1.3.3 Italy: Automotive Lead Acid Batteries Market- By End-user
10.1.1.4 UK: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Automotive Lead Acid Batteries Market- by Product
10.1.1.4.2 UK: Automotive Lead Acid Batteries Market- By Type
10.1.1.4.3 UK: Automotive Lead Acid Batteries Market- By End-user
10.1.1.5 Russia: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Automotive Lead Acid Batteries Market- by Product
10.1.1.5.2 Russia: Automotive Lead Acid Batteries Market- By Type
10.1.1.5.3 Russia: Automotive Lead Acid Batteries Market- By End-user
10.1.1.6 Rest of Europe: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Automotive Lead Acid Batteries Market- by Product
10.1.1.6.2 Rest of Europe: Automotive Lead Acid Batteries Market- By Type
10.1.1.6.3 Rest of Europe: Automotive Lead Acid Batteries Market- By End-user
11. Europe Automotive Lead Acid Battery Market- COVID-19 Impact Analysis
11.1 Europe
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Clarios
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CSB Energy Technology Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EnerSys
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 East Penn Manufacturing Company
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Exide Industries Limited
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 GS Yuasa International Ltd.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Johnson Controls, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 leoch International Technology Limited Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Panasonic Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Automotive Lead Acid Battery Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Automotive Lead Acid Batteries Market- by Product –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Automotive Lead Acid Batteries Market- By Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Automotive Lead Acid Batteries Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automotive Lead Acid Battery Market Segmentation
Figure 2. Europe Automotive Lead Acid Battery Market Segmentation – By Country
Figure 3. Europe Automotive Lead Acid Battery Market Overview
Figure 4. SLI Segment Held the Largest Market Share in 2020
Figure 5. Flooded Held the Largest Market Share in 2020
Figure 6. Passenger Cars Held the Largest Market Share in 2020
Figure 7. Rest of Europe was the Largest Revenue Contributor in 2020
Figure 8. Europe – PEST Analysis
Figure 9. Europe Automotive Lead Acid Battery Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Automotive Lead Acid Battery Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Automotive Lead Acid Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Automotive Lead Acid Batteries Market Revenue Share, by Product (2020 and 2028)
Figure 14. Europe SLI: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Micro hybrid batteries: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Automotive Lead Acid Batteries Market Revenue Share, by Type (2020 and 2028)
Figure 17. Europe Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Enhanced Flooded: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe VRLA: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe Automotive Lead Acid Batteries Market Revenue Share, by End-User (2020 and 2028)
Figure 21. Europe Passenger Car: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe LCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe MCV AND HCV: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe: Automotive Lead Acid Batteries Market, by Key Country – Revenue 2020 (US$ Million)
Figure 25. Europe: Automotive Lead Acid Batteries Market Revenue Share, By Key Country (2020 and 2028)
Figure 26. Germany: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. France: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. UK: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Russia: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of Europe: Automotive Lead Acid Batteries Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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