
Automotive
Description
The Latin America Automotive Lead-Acid Battery market is set to show a growth rate of about 6% during the forecast period (2025- 2033F). Latin America's Lead-acid automotive battery is experiencing stable growth due to the increase in car ownership among customers, the lowered cost of lead-acid technology as compared to other counterparts, and the prevalence of internal combustion engine cars. Brazil, Mexico, and Argentina, among others, continue to drive regional demand with a robust aftermarket network and increased industrial activity. Advanced battery chemistries (including lithium-ion) are gaining some momentum, but lead-acid batteries continue to dominate the market, especially in use as start-lighting-ignition (SLI) and in commercial fleets. In addition, the recycling network, indicative of sustainability and cost efficiency, is highly developed in the region, and government policy regarding mobility and energy transition is gradually shaping emerging market prospects.
- Based on Vehicle type, the Latin America automotive lead-acid battery market is segmented into passenger car, commercial vehicle, two-wheeler, and hybrid-electric vehicle. OF these passenger cars and two-wheelers have held the major market share due to the higher sales numbers of these vehicles by the consumers. Additionally, two-wheelers offer a comprehensive mobility solution to the middle and lower-middle-class population due to their affordability, further leading to higher sales in the category and driving demand for both OEM and aftermarket automotive lead-acid batteries.
- Based on battery type, the Latin America Lead-Acid Battery market is segmented into Flooded, SLI, Enhanced Flooded Battery (EFB), and Absorbent Glass Mat (AGM). Among them, Starting, Lighting, and Ignition (SLI) batteries have been the largest share of lead-acid batteries in Latin America. They are in favor because of the volume of the conventional cars used in the area where power is required at all times and at cheap costs to drive engines, and a minimum of all required electricity supply. SLI batteries are commonly used in passenger vehicles, light commercial vehicles, and two-wheelers, making them the most accessible and affordable solution in both urban and rural markets. In addition, the strong aftermarket demand and the efficient distribution channels will ensure stable replacement sales and product penetration.
- Based on Customer Segment, the market is bifurcated into OEM and Aftermarket. The aftermarket segment has held the major market share due to the higher number of fleet vehicles available that require changes in batteries at the end of their lifecycle. Additionally, the number of available fleet vehicles far exceeds the total number of new vehicles sold, which is expected to further solidify the segment's dominant market share in the coming years.
- For a better understanding of the market adoption of Latin America Automotive Lead-Acid Battery, the market is analyzed based on its presence in countries such as Mexico, Brazil, Argentina, Chile, and the Rest of Latin America. Of these, Brazil has held the major market share, owing to the largest automobile market in the Latin America region, far exceeding any other country. Additionally, the country is receiving a consistent rise in terms of the sales of vehicles, which would further support the rise of the automotive lead-acid battery market. High passenger car and commercial vehicle demand continues to drive the use of lead-acid batteries, which are, so far, the most cost-effective way to utilize start-lighting-ignition (SLI) systems. Market momentum is also enhanced by a highly developed aftermarket, in conjunction with high vehicle replacement cycles. Their utilization is on the rise due to the development of the electric vehicle industry; however, lead-acid batteries remain one of the leaders of the market due to their affordability, reliability, and versatility in a wide range of climatic and operating conditions, which is likely to ensure their relevance as the Brazilian automotive ecosystem continues to transform.
- Some major players running in the market include Clarios, Baterias Cral, Tudor, EnerSys, Black Diamond Structures, Leoch International Technology Limited Inc., FIAMM Energy Technology S.p.A., U.S. Battery, Exide Technologies, and Pioneiro Ecometais.
Table of Contents
95 Pages
- 1 Market Introduction
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
- 2 Research Methodology or Assumption
- 2.1. Research Process of the Latin America Automotive Lead-Acid Battery Market
- 2.2. Research Methodology of the Latin America Automotive Lead-Acid Battery Market
- 2.3. Respondent Profile
- 3 Executive Summary
- 3.1. Industry Synopsis
- 3.2. Segmental Outlook
- 3.2.1. Market Growth Intensity
- 3.3. Country Outlook
- 4 Market Dynamics
- 4.1. Drivers
- 4.2. Opportunity
- 4.3. Restraints
- 4.4. Trends
- 4.5. PESTEL Analysis
- 4.6. Demand Side Analysis
- 4.7. Supply Side Analysis
- 4.7.1. Collaboration & Investment Scenario
- 4.7.2. Industry Insights: Leading Startups and Their Unique Strategies
- 5 Pricing Analysis
- 5.1. Country Pricing Analysis
- 5.2. Price Influencing Factors
- 6 Latin America Automotive Lead-Acid Battery Market Revenue (USD Mn), 2023-2033F
- 7 Market Insights By Vehicle Type
- 7.1. Passenger Car
- 7.2. Commercial Vehicle
- 7.3. Two-Wheelers
- 7.4. Hybrid-Electric Vehicles
- 8 Market Insights By Battery Type
- 8.1. Flooded
- 8.2. SLI
- 8.3. Enhanced Flooded Battery (EFB)
- 8.4. Absorbent Glass Mat (AGM)
- 9 Market Insights By Customer Segment
- 9.1. OEM
- 9.2. Aftermarket
- 10 Market Insights By Country
- 10.1. Mexico
- 10.2. Brazil
- 10.3. Argentina
- 10.4. Chile
- 10.5. Rest of Latin America
- 11 Value Chain Analysis
- 11.1. Marginal Analysis
- 11.2. List of Market Participants
- 12 Competitive Landscape
- 12.1. Competition Dashboard
- 12.2. Competitor Market Positioning Analysis
- 12.3. Porter Five Forces Analysis
- 13 Company Profiles
- 13.1. Clarios
- 13.1.1. Company Overview
- 13.1.2. Key Financials
- 13.1.3. SWOT Analysis
- 13.1.4. Product Portfolio
- 13.1.5. Recent Developments
- 13.2. Baterias Cral
- 13.3. Tudor
- 13.4. EnerSys
- 13.5. Black Diamond Structures
- 13.6. Leoch International Technology Limited Inc
- 13.7. FIAMM Energy Technology S.p.A.
- 13.8. U.S. Battery
- 13.9. Exide Technologies
- 13.10. Pioneiro Ecometais
- 14 Acronyms & Assumption
- 15 Annexure
Pricing
Currency Rates
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