The global market for Automotive Lead Acid Batteries is projected to reach 623.5 million units by 2024, driven by continuous R&D efforts and new technology breakthroughs aimed at helping the lead acid technology meet emerging automotive engineering design, performance and environmental challenges. In modern automobiles, batteries play a vital role that goes beyond the starting and charging systems and electrical lighting. The increasing proliferation of electronic systems in the car had additionally catalyzed the importance of batteries. Batteries today support additional electrical loads exerted by electronic sub-systems such as electric power steering, electronic safety systems, electric roll stabilization, electric AC compressor, electric heating, infotainment systems, X-by-Wire systems, navigation systems, entertainment screens, and electronic dashboards etc. Rechargeable lead acid batteries have long been the standard power source for automobiles. Drawbacks of conventional lead acid such as risk of chemical burns to skin as it contains 36% sulfuric acid, emission of flammable gases like hydrogen gas while charging, electrolyte evaporation, heavy weight and slow charging, have been leading to growing interest in competing technologies especially lithium ion. However, to battle the threat of substitution innovation is underway with manufactures developing next-generation solutions suitable for the coming era of electronic fuel efficient cars. Few of these innovations include development of lead calcium battery, lead-calcium-silver battery, lead carbon battery, Absorbent Glass Mat (AGM) battery, gel lead acid battery, and lead acid batteries with titanium fibre network in place of lead grid plates, among others. Each of these innovations will help the technology meet performance challenges and needs posed by modern auto engineering. While lead calcium battery and lead-calcium-silver battery offers better performance and durability than conventional lead acid, lead carbon batteries offers promised performance benefits comparable to super capacitors. Gel Lead Acid Batteries with their Develop Lightweight Electrodes structure complements automotive Lightweighting efforts, while AGM Batteries provide better ability to handle higher electrical loads exerted by connected car electronics. Asia-Pacific represents the largest market worldwide supported by growing per capita vehicle ownerships trends, developing transport infrastructure and the relative price competitiveness of lead acid in comparison to other battery technologies.   

Download Free Sample Pages of this report

Company and Industry News & Stories
  • Amara Raja to Launch New Car Battery Plant in the Andhra Pradesh Corridor in a Move to Solidify its Presence in the Indian Lead Acid Batteries Market
  • GS Yuasa Establishes New Company in Myanmar in a Move to Meet Growing Demand for Lead-Acid Storage Batteries in the Region
  • Hitachi Chemical to Acquire 43.9% Stake in TSB Company, a Manufacturer of Automotive and Industrial Lead-Acid Storage Batteries in Southeast Asia
  • Tydrolyte Introduces New Electrolyte Solution, a Less Toxic Drop-in Replacement for Sulfuric Acid in Lead Batteries
  • Exide Launches New Series of Batteries Including Premium Offering ‘Epiq’ with Six-Year Warranty

Outlook in Key Market Segments
  • Through 2024, Automotive Lead Acid Batteries in the Aftermarket will remain the largest segment, followed by Original Equipment Market.
  • Within the Aftermarket/Replacement Market, Passenger Cars are projected to witness the fastest growth driven by increasing motorization rates and rising average age of cars.

Product Definition & Scope
  • Defined as a rechargeable electrochemical device that provides electric power to the engine and all of the on-board electronics, an automotive battery represents the heart of a vehicle’s electrical system. A battery for an average passenger car is a 12-volt battery of six cells. Lead acid batteries are designed to produce electricity through a series of chemical reactions and processes. When the engine is off, the battery supply the electricity required to power lighting and other electrical accessories in the car. The primary function of the battery is to provide power to operate the starter motor, providing short bursts of high power for the ignition system during engine cranking. When the engine is running and the electrical load exceeds the ability of the alternator to supply energy, the battery provides supplementary power.

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World

Market Segmentation & Classification
  • End-Use Segments:
    • Original Equipment Market (Motorcycles, Passenger Cars, & Commercial Vehicles), and Aftermarket/Replacement Market (Motorcycles, Passenger Cars, & Commercial Vehicles).

Major Players
  • AC Delco Corporation
  • B.B. Battery
  • Camel Group Co., Ltd.
  • Exide Technologies
  • GS Yuasa Corporation
  • Lion Batteries Holdings Pty Ltd.

How Can You Benefit?
This research project broadly covers analysis of all market trends, drivers, challenges and other macro market scenarios you need to know to improve your strategic planning and remain informed and competitive. The study also provides reliable ready facts and exclusive statistical data insights in addition to expert and highly accurate market size forecasts and projections to help you identify new markets and opportunities for revenue growth and sustainability. The extensive reportage of industry, company and product news and stories together with coverage of all major and niche players provided in the report helps you build a 360 degree perspective on your markets and gain unsurpassed insights needed to devise plans and strategies to maximize business growth.