Automotive Lead Acid Battery Market, By Battery Type (Flooded, Enhanced Flooded, AGM), By Sales Channel (OEM and Aftermarket), By Vehicle Type (Passenger car and Light commercial vehicle)and by Geography (North America, Europe, Asia Pacific, and Latin Ame

Automotive Lead Acid Battery Market, By Battery Type (Flooded, Enhanced Flooded, AGM), By Sales Channel (OEM and Aftermarket), By Vehicle Type (Passenger car and Light commercial vehicle)and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

An automotive lead acid battery is a rechargeable battery that supplies the electric current to an automotive vehicle. Lead acid battery comprises of two different acid and electrodes. This chemicals reacts with each other to produce electric energy from chemical energy. The primary goal of automotive lead acid battery is to provide the starter, which starts the engine. Apart from supplying power to run the vehicle, lead acid batteries provide voltage to vehicle accessories such as music player, air conditioner charging plugs, radio, and wipers. On the basis of vehicle types global automobile lead acid battery is segmented into passenger cars and light motor vehicles. In 2019, passenger cars sub segment dominated the global automotive lead acid battery market with 75.6%.

Market Dynamics

Increasing demand of lead acid batteries in electric vehicles is expected to drive the global lead acid battery in automotive market in the forecast period. Automotive industry is shifting from IC engine vehicles to electric vehicles. This shift is due to advancement of electric vehicles technologies and initiative from electric vehicle companies such as Tesla which are making huge development in battery technologies.

Moreover, Lead-Acid battery provides advantages over the Li-ion batteries such as less sensitivity towards temporaries, constant voltage and others. Though electric vehicles are shifting towards Lithium ion batteries however for certain advantages of lead acid batteries over the Lithium ion batteries are expected to drive the global automobile lead acid battery market in the forecast period.

Market Taxonomy

This report segments the global automotive lead acid battery market on the basis of battery type, sales channel, vehicle type and region. On the basis of Battery Type, the global automotive lead acid battery market is segmented into Flooded, Enhanced Flooded and AGM. On the basis of Sales Channel, the market is segmented into OEM and Aftermarket. On the basis of Vehicle Type, the market is segmented into Passenger car and Light commercial vehicle. On the basis of region, the market is segmented into Asia Pacific, North America, Latin America, Europe and MEA.

Key features of the study:

This report provides an in-depth analysis of the global automotive lead acid battery market and provides market size (US$ Million & Thousand Units) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global automotive lead acid battery market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study Exide Technologies, Enersys Inc., FIAMM S.p.A, Johnson Controls Inc., Exide Industries, GS Yuasa Corporation, CSB Battery Technologies, Panasonic Corporation, East Penn Manufacturing Company, and Leoch International Technology Limited.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global automotive lead acid battery market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global automotive lead acid battery market

Detailed Segmentation:

Global Automotive lead acid battery Market, By Battery Type:
Flooded
Enhanced Flooded
AGM
Global Automotive lead acid battery Market, By Sales Channel:
OEM
Aftermarket
Global Automotive lead acid battery Market, By Vehicle Type:
Passenger car
Light commercial vehicle
Global Automotive lead acid battery Market, By Region:
Asia Pacific
North America
Latin America
Europe
MEA
Company Profiles
Exide Technologies*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Enersys Inc.
FIAMM S.p.A
Johnson Controls Inc.
Exide Industries
GS Yuasa Corporation
CSB Battery Technologies
Panasonic Corporation
East Penn Manufacturing Company
Leoch International Technology Limited.

*Browse all the market data tables and figures on "Global Automotive lead acid battery Market - Forecast to 2027”