Automotive Lead Acid Batteries Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Automotive Lead Acid Batteries Market?
The surging need for electric vehicles is set to fuel the expansion of the automotive lead-acid batteries market. The global move towards vehicles that do not emit gases, inspired by climate change awareness and the goal for net-zero emissions, is accelerating. Factors such as the advancement of EV charging points, hydrogen refueling stations, and government initiatives promoting the use and application of electric cars stimulate the demand for automotive lead-acid batteries. These batteries prove to be powerful, cost-effective, secure, and dependable. As reported by the International Energy Agency (IEA) in April 2023, a France-based intergovernmental association, the percentage of electric car sales of all new car sales worldwide significantly grew from 9% in 2021 to 14% in 2022. This progression is anticipated to persist in 2023, with over 2.3 million electric cars being sold in the first quarter alone, showing a 25% increase compared to the same time frame in the previous year. Moreover, it is estimated that by the end of 2023, 14 million electric cars will have been sold, presenting a 35% annual growth rate, with the pace expected to pick up in the year’s latter half. Consequently, the escalating demand for electric vehicles will stimulate growth in the automotive lead-acid batteries market.
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#How Does the ProjectedAutomotive Lead Acid Batteries Market Growth Compare Over the Forecast Period?
In the past few years, the market size of automotive lead acid batteries has been expanding steadily. This market, which was worth $36.93 billion in 2024, is forecasted to rise to $38.54 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.4%. Factors such as the expansion of the automotive industry, dominance of conventional vehicles, reliability and durability of the batteries, demand in the aftermarket, cold cranking performance, and their compatibility with start-stop systems contributed to the growth during the historic period.
The market for automotive lead acid batteries is predicted to experience significant growth in the coming years, reaching a size of $47.97 billion in 2029 with a compound annual growth rate (CAGR) of 5.6%. This projected growth over the forecast period can be attributed to various factors such as the shift towards mild hybrid systems, their continued supremacy in standard vehicles, market expansion in the developing regions, support for commercial vehicles, hybridization trends, and government initiatives for recycling. Key trends expected during the forecast period encompass an increased emphasis on start-stop technology, improvements in battery technologies, the emergence of micro-hybrid vehicles, the incorporation of intelligent battery technologies, and changes in consumer preferences and technology advancements.
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What New Market Trends Are Reshaping theAutomotive Lead Acid Batteries Market and Its Opportunities?
Technological innovations in the automotive lead-acid battery sector represent a crucial trend gaining traction. Leading companies in this sector are concentrating on offering sophisticated battery solutions to enhance their market stance. For example, in June 2023, Schaeffler India, a firm specializing in ball and roller bearing production based in India, introduced TruPower 2W batteries meant for two-wheelers, including electric ones. Armed with state-of-the-art features and a 24-month guarantee, these batteries offer reliable and long-lasting power solutions, making them an ideal choice for two-wheeler owners looking for high performance and dependability.
Who Are the Leading Market Players Fueling Growth in the Automotive Lead Acid Batteries Market Trend?
Major companies operating in the automotive lead acid batteries market are GS Yuasa International Limited, Johnson Controls Inc., Exide Industries Limited, EnerSys Inc., Panasonic Corporation, CSB Battery Company Limited, East Penn Manufacturing Company, Leoch International Technology Limited, NorthStar Battery Company LLC, Clarios LLC, Koyo Battery Company Limited, FIAMM Energy Technology S.P.A, Reem Batteries & Power Appliances Co. SAOC, Trojan Battery Company LLC, C&D Technologies Inc., Robert Bosch GmbH, Thai Bellco Battery Co.Ltd., Crown Battery Manufacturing Company, Narada Power Source Co. Ltd., Shandong Sacred Sun Power Sources Co.Ltd., Amara Raja Batteries Limited, Banner Batterien GmbH, Camel Group Co.Ltd., Fengfan Co.Ltd., Guangdong Dynavolt Power Technology Co. Ltd., Haze Battery Co. Ltd., Hitachi Chemical Energy Technology Co. Ltd., Zibo Torch Energy Co.Ltd., Coslight Technology International Group Co.Ltd., PT Astra International Tbk
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How is the Global Automotive Lead Acid Batteries Market Segemented?
The automotive lead acid batteries market covered in this report is segmented –
1) By Type: Flooded Batteries, Enhanced Flooded Batteries, VRLA Batteries
2) By Product: SLI Batteries, Micro Hybrid Batteries
3) By Sales Channel: Automotive Lead Acid Battery Sales via OEMs, Automotive Lead Acid Battery Sales Via Aftermarket
4) By End User: Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheeler, Three-Wheeler
Subsegments:
1) By Flooded Batteries: Conventional Flooded Batteries, Maintenance-Free Flooded Batteries
2) By Enhanced Flooded Batteries (EFB): EFB For Start-Stop Systems, EFB For Conventional Applications
3) By VRLA Batteries (Valve-Regulated Lead-Acid): Absorbent Glass Mat (AGM) Batteries, Gel Batteries
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