Automotive Lead Acid Battery Market Worth $24.3 Billion By 2030:  IndustryARC 

Automotive Lead Acid Battery market size is expected to reach $24.3 billion by 2030 after growing at a CAGR of 4.2% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Rising demand for passenger vehicles and commercial vehicles and the ease of recyclability compared to lithium-ion batteries boosts the automotive lead acid batteries market, finds IndustryARC in its recent report, titled “Automotive Lead Acid Battery- By Battery Type(Flooded Lead Acid Battery, Sealed Lead Acid Battery (SLA)/ Value Regulated Lead Acid (VRLA) and Others), By  Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles), By Battery Capacity (300-450 CCA, 450-600 CCA, 600-800 CCA, 800-1000 CCA and Above 1000 CCA), By Voltage (12V, 24V and Others), By Sales Channel (Original Equipment Manufacturer and After Market), By Geography - Global Opportunity Analysis & Industry Forecast,2024-2030”

Sustainability and Cost Effectiveness are Driving the Market Growth: 

The lead battery industry is fostering global sustainability by evolving to meet the world’s growing energy demands. An established recycling infrastructure gives lead batteries a nearly 100% recycling rate. This steady supply of recycled lead battery components means a typical new lead battery comprises 80% recycled material. These cost-effective, sustainable batteries can help us achieve a cleaner and greener future. A report by the Montsame news agency said that at least 6,250 tons of lead-acid batteries are discarded every year in Mongolia. That is over 80% of the total. As a result, there is a growing need for recycling plants. In March 2024, the first lead-acid battery recycling plant commenced operations in Mongolia by Electrochem Mongol. The plant has a reported annual capacity for 7,000 tons.

Automotive Lead Acid Battery Market 2023-2030: Segmentation 

By Battery Type 
• Flooded Lead Acid Battery 
• Sealed Lead Acid Battery (SLA)/ Value Regulated Lead Acid (VRLA) 
• Others
By Vehicle Type 
• Passenger Cars 
• Light Commercial Vehicles
• Heavy Commercial Vehicles 
By Battery Capacity
• 300-450 CCA
• 450-600 CCA
• 600-800 CCA
• 800-1000 CCA 
• Above 1000 CCA
By Voltage
• 12V
• 24V
• Others
By Sales Channel 
• Original Equipment Manufacturer 
• After Market 
By Region
• North America
• South America
• Europe
• Asia-Pacific
• Rest of the World 

Automotive Lead Acid Battery Market Report – Key Takeaways 


• Passenger Vehicles is the Largest Segment 
  • Passenger Vehicles is the largest segment, in terms of vehicle type. The expansion of the lead-acid batteries market has been significantly influenced by the growing demand for PVs in the automobile industry. According to SIAM data, passenger car sales increased by 8% to 4.10 million units in 2023 in India. Passenger vehicles typically require smaller batteries compared to commercial vehicles which makes them more affordable and accessible to a wider range of consumers. Also, the relatively shorter lifespan of passenger vehicle batteries leads to more frequent replacements, further driving demand in this segment.

•     Asia Pacific Leads the Market
  • The Asia Pacific region held the major share of 45% in 2023 in the Automotive Lead Acid Battery Market. Increasing passenger vehicles sales across countries like China, India, Japan are fueling the market growth. Data from the Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association show that 4,779,086 new cars in total were sold in Japan in 2023, a rise of 13.8% year-on-year. Many countries in the region have a large manufacturing base which makes them attractive locations for automotive production and related industries. In June 2024, China’s Great Wall announced that it would begin manufacturing its cars in Malaysia and Indonesia. 

• Stringent Emission Standards 
  • Stringent emission standards are a crucial factor driving the automotive lead-acid battery market. As governments worldwide implement stricter regulations to reduce air pollution and combat climate change, the demand for cleaner and more efficient vehicles is increasing. Many modern vehicles incorporate start-stop systems to improve fuel efficiency and reduce emissions. These systems rely on lead-acid batteries to provide power during engine shutdowns and restarts. To address environmental concerns and comply with regulations, the automotive industry has invested in battery recycling infrastructure. This helps ensure that lead-acid batteries are disposed of responsibly.

Key Opportunity Analysis: 

Autonomous Vehicles

• Autonomous vehicles especially those with fully electric or hybrid powertrains rely on lithium-ion batteries for their primary energy storage. Lead-acid batteries can be used in autonomous vehicles for auxiliary power functions such as operating sensors, lighting, and other systems when the main battery is not in use. Autonomous vehicles need highly reliable backup power systems. Lead-acid batteries are known for their reliability which is crucial for safety in autonomous systems. They provide a dependable power source for critical systems in case the primary battery fails.

Adoption of New Vehicle Technologies

• Adoption of new vehicle technologies like micro hybrid vehicles present a significant opportunity for the automotive lead-acid battery market. Micro-hybrid vehicles are equipped with start-stop systems that automatically shut off the engine when the vehicle comes to a halt and restart it when the accelerator is pressed. This technology significantly reduces fuel consumption and emissions, especially in urban driving conditions. Advanced lead-acid batteries, such as Absorbent Glass Mat (AGM) and Enhanced Flooded Batteries (EFB) are well-suited for the frequent charge-discharge cycles required by start-stop systems.

The Report also Covers the Following Areas:
• Automotive lead Acid Battery Market size and Forecast 
• Automotive lead Acid Battery Market trends
• Automotive lead Acid Battery Market analysis by battery type

Automotive lead Acid Battery Market 2023-2030: Key Highlights
• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stake holders
• Detailed analysis of market drivers and opportunities during the forecast period
• Automotive lead Acid Battery market size estimation and forecast
• Analysis and predictions on end user behavior and upcoming trends 
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Automotive lead Acid Battery Market

Automotive Lead Acid Battery Market Players: 

The companies profiled in the Automotive Lead Acid Battery Market include: 
• GS Yuasa Energy Co., Ltd. 
• Clarios, LLC.
• Exide Technologies
• EnerSys
• Power Sonic Corporation
• Amara Raja Batteries Ltd
• East Penn Manufacturing Company
• Leoch International Technology Limited
• Furukawa Battery Co., Ltd.
• JYC Battery Manufacturer Co., Ltd. 

Related Reports:

Electric Vehicle Battery Market : Electric Vehicle Battery Market is analyzed to grow at a CAGR of 20.31% during the forecast 2024-2030 to reach $202.60billion in 2030. Electric Vehicle Batteries (EVBs), also referred to as traction batteries, are critical components powering the electric motors of electric vehicles (EVs). 
Battery Separators Market : The Battery Separators Market size is forecast to reach US$11.9 billion by 2027 after growing at a CAGR of 11.2% during the forecast period 2022-2027. Battery separators provide a barrier between the anode and the cathode of a battery to prevent electrical short circuits.

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IndustryARC
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