Automotive Lead Acid Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast By 2024

1. Global Automotive Lead-Acid Battery Market Research Report and Forecast Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Global Automotive Lead-Acid Battery Market Overview: The latest study by IMARC Group, titled “Automotive Lead-Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global automotive lead-acid battery market reached a value of US$ 12.5 Billion in 2018. A lead-acid battery is made up of lead and lead oxide plates, immersed in a sulfuric acid solution. It converts chemical energy into electrical power during the discharge cycle. These batteries are widely employed for starting, lighting, and ignition (SLI) purpose in automobiles. They also supply voltage to vehicle accessories like air conditioners, radio, music players, wipers, and charging plugs. These batteries have a sizeable power-to-weight ratio and consequently, can provide surge currents required by automotive starter motors. Automotive Lead-Acid Battery Market Trends Escalating automobile sales is the key factor driving the market growth, particularly in emerging regions like Asia Pacific and the Middle East. Since these batteries are low in cost and easily rechargeable, they are preferred by automotive manufacturers for use in start-stop systems.

4. Report Description and Highlights Report Description Moreover, manufacturers are continually engaging in research and development activities with the aim to improve the efficiency of these batteries. Owing to the aforementioned factors, the market is anticipated to exceed the value of US$ 15 Billion by 2024, expanding at a CAGR of 3.1% during 2019-2024.

5. Report Description and Highlights Report Description • Additionally, increasing demand for electric vehicles and e-bikes owing to improving living standards and inflating income levels is another major factor which is influencing the sales of lead-acid batteries. • Key Market Segmentation: • Market Segmentation by Vehicle Type • Passenger Cars • Commercial Vehicles • Two-Wheelers • HEV Cars • On the basis of the vehicle type, the market has been categorized into passenger cars, commercial vehicles, two-wheelers, and HEV cars. Amongst these, automotive lead-acid batteries are mostly used in passenger cars. • Market Segmentation by Product • SLI Batteries

6. Report Description and Highlights Report Description • Micro Hybrid Batteries • Based on the product type, SLI batteries are the most popular product types, followed by micro hybrid batteries. • Market Segmentation by Type • Flooded Batteries • Enhanced Flooded Batteries • VRLA Batteries • On the basis of types, flooded batteries account for the dominant market share. Other major segments include enhanced flooded batteries and VRLA batteries. • Market Segmentation by Region • Asia Pacific • Europe • North America

7. Report Description and Highlights Report Description • Middle East and Africa • Latin America • On the geographical front, the market has been segregated into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific holds the leading share in the global market. • Market Segmentation by Customer Segment • OEM • Replacement • Based on the customer segment, the market has been bifurcated into OEM and replacement. Replacement currently represents the most popular customer segment. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players.

8. Report Description and Highlights Report Description • Johnson Controls Inc. • Exide Technologies Inc. • GS Yuasa Corporation • Reem Batteries & Power Appliances Co. Saoc • Enersys Inc. • Saft Groupe S.A. • Northstar Battery Company LLC. • C&D Technologies, Inc. • Robert Bosch GmbH • East Penn ManufacturingCompany • Panasonic Corporation • Trojan Battery Company • Samsung SdiCompany Limited • Leoch International Technology Ltd • Exide Industries Ltd. • Koyo Battery Co., Ltd. • Tai Mao Battery Co., Ltd.

9. Report Description and Highlights Report Description • PT Century Batteries Indonesia • Thai Bellco Battery Co.,Ltd. • CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.) • For more information, click here: https://www.imarcgroup.com/automotive-lead-acid-battery-market

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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