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Automotive Lead-acid Battery Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR43087
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The Automotive Lead-acid Battery market share is expected to increase by $ 12.26 billion from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 5.18%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by application (aftermarket and OEM) and geography (APAC, North America, Europe, and South America). The market report also offers information on several market vendors, including Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa International Ltd., HBL Power Systems Ltd., Leoch International Technology Ltd., and The Furukawa Battery Co. Ltd. among others.

What will the Automotive Lead-acid Battery Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics

 

Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth in the automotive market is notably driving the market growth, although factors such as lead pollution and stringent laws may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Lead-acid Battery Market Driver

Growth in the automotive market.With the increase in the global automotive industry, the sales of automotive lead-acid batteries are expected to increase at a significant rate.The sales of automotive lead-acid batteries are closely related to the growth of automotive sales, especially passenger and commercial vehicle sales.Due to the growth in consumer spending, the demand for automobiles and consumer electronics has increased globally. The economic growth of BRIC nations has fueled the growth of the auto industry in recent years.This creates an opportunity for various automotive lead-acid vendors to promote their products and solutions across emerging markets.

Key Automotive Lead-acid Battery Market Trend

Increasing electronic applications in passenger cars.The increasing electronic applications in passenger cars will boost the adoption of efficient automotive lead-acid batteries. The passenger cars segment has witnessed high adoption of electronic gadgets in the recent decade due to the advances in technology such as integration of GPS, music systems, and installation of Bluetooth and wireless charging in the car.The increasing demand for a better navigation system, safety, and comfort is pushing the adoption of electrical applications in passenger cars. Hence, the demand for efficient batteries, which can power these electronic components, is surging.

Key Automotive Lead-acid Battery Market Challenge

Lead pollution and stringent laws. An increase in the production of lead-acid batteries leads to many environmental concerns over lead pollution.It requires a large quantity of lead, a portion of which is often mixed with the discharged fumes. This leads to health problems owing to air pollution.To curb lead poisoning, the Government of China has shut down the majority of its lead-acid battery manufacturing plants and has also enforced stringent regulations and standards for battery disposal and production. Improper battery dumping in landfills can result in the seeping of sulfuric and lead content into the groundwater and consequent contamination of the drinking water supply, finally leading to lead poisoning. Further, the optimal temperature for the functioning of a lead-acid battery is 77 F. Elevated temperature reduces the lifespan of the batteries. In addition, the lead-acid batteries have low energy density; hence, they cannot be stored in a discharged condition. All these limitations of lead-acid batteries often lead to premature failure.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global automotive lead-acid battery market as a part of the global renewable energy market within the global independent power and renewable energy market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amara Raja Batteries Ltd.
  • Camel Group Co. Ltd.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • Exide Industries Ltd.
  • Exide Technologies
  • GS Yuasa International Ltd.
  • HBL Power Systems Ltd.
  • Leoch International Technology Ltd.
  • The Furukawa Battery Co. Ltd.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global renewable electricity market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Lead-acid Battery Market?

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66% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The increasing adoption of automobiles will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Market?

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The automotive lead-acid battery market share growth by the aftermarket segment will be significant during the forecast period. The automotive lead-acid battery market by aftermarket is expected to grow at a moderate rate during the forecast period owing to the increase in passenger cars, commercial vehicles, and two-wheelers worldwide.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5.18%

Market growth 2020-2024

$ 12.26 billion

Market structure

Fragmented

YoY growth (%)

4.28

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 66%

Key consumer countries

China, US, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa International Ltd., HBL Power Systems Ltd., Leoch International Technology Ltd., and The Furukawa Battery Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the market industry across APAC, North America, Europe, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Renewable electricity market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Aftermarket - Market size and forecast 2020-2025
      • Exhibit 17: Aftermarket - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Aftermarket - Year-over-year growth 2020-2025 (%)
    • 5.4 OEM - Market size and forecast 2020-2025
      • Exhibit 19: OEM - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: OEM - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 21: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 23: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 24: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 25: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 35: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 36: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 37: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 38: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 39: Landscape disruption
          • Exhibit 40: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 41: Vendors covered
          • 10.2 Market positioning of vendors
            • 10.3 Amara Raja Batteries Ltd.
              • Exhibit 43: Amara Raja Batteries Ltd. - Overview
              • Exhibit 44: Amara Raja Batteries Ltd. - Business segments
              • Exhibit 45: Amara Raja Batteries Ltd. - Key offerings
              • Exhibit 46: Amara Raja Batteries Ltd. - Segment focus
            • 10.4 Camel Group Co. Ltd.
              • Exhibit 47: Camel Group Co. Ltd. - Overview
              • Exhibit 48: Camel Group Co. Ltd. - Product and service
              • Exhibit 49: Camel Group Co. Ltd. - Key offerings
            • 10.5 East Penn Manufacturing Co. Inc.
              • Exhibit 50: East Penn Manufacturing Co. Inc. - Overview
              • Exhibit 51: East Penn Manufacturing Co. Inc. - Business segments
              • Exhibit 52: East Penn Manufacturing Co. Inc. – Key news
              • Exhibit 53: East Penn Manufacturing Co. Inc. - Key offerings
              • Exhibit 54: East Penn Manufacturing Co. Inc. - Segment focus
            • 10.6 EnerSys
              • Exhibit 55: EnerSys - Overview
              • Exhibit 56: EnerSys - Business segments
              • Exhibit 57: EnerSys - Key offerings
              • Exhibit 58: EnerSys - Segment focus
            • 10.7 Exide Industries Ltd.
              • Exhibit 59: Exide Industries Ltd. - Overview
              • Exhibit 60: Exide Industries Ltd. - Business segments
              • Exhibit 61: Exide Industries Ltd. - Key offerings
              • Exhibit 62: Exide Industries Ltd. - Segment focus
            • 10.8 Exide Technologies
              • Exhibit 63: Exide Technologies - Overview
              • Exhibit 64: Exide Technologies - Business segments
              • Exhibit 65: Exide Technologies - Key offerings
              • Exhibit 66: Exide Technologies - Segment focus
            • 10.9 GS Yuasa Corp.
              • Exhibit 67: GS Yuasa Corp. - Overview
              • Exhibit 68: GS Yuasa Corp. - Business segments
              • Exhibit 69: GS Yuasa Corp. - Key offerings
              • Exhibit 70: GS Yuasa Corp. - Segment focus
            • 10.10 HBL Power Systems Ltd.
              • Exhibit 71: HBL Power Systems Ltd. - Overview
              • Exhibit 72: HBL Power Systems Ltd. - Business segments
              • Exhibit 73: HBL Power Systems Ltd. - Key offerings
              • Exhibit 74: HBL Power Systems Ltd. - Segment focus
            • 10.11 Leoch International Technology Ltd.
              • Exhibit 75: Leoch International Technology Ltd. - Overview
              • Exhibit 76: Leoch International Technology Ltd. - Business segments
              • Exhibit 77: Leoch International Technology Ltd. - Key offerings
              • Exhibit 78: Leoch International Technology Ltd. - Segment focus
            • 10.12 The Furukawa Battery Co. Ltd.
              • Exhibit 79: The Furukawa Battery Co. Ltd. - Overview
              • Exhibit 80: The Furukawa Battery Co. Ltd. - Business segments
              • Exhibit 81: The Furukawa Battery Co. Ltd. - Key offerings
              • Exhibit 82: The Furukawa Battery Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 83: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 84: Research Methodology
                • Exhibit 85: Validation techniques employed for market sizing
                • Exhibit 86: Information sources
              • 11.4 List of abbreviations
                • Exhibit 87: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              The automotive lead-acid battery market market growth will increase by $USD 12.26 bn during 2021-2024.
              The automotive lead-acid battery market market is expected to grow at a CAGR of 5.18% during 2021-2024.
              Technavio has segmented the automotive lead-acid battery market market by application (Aftermarket and OEM) and geographic (APAC, North America, Europe, South America, APAC, North America, Europe, and South America).
              Amara Raja Batteries Ltd., Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., Exide Technologies, GS Yuasa International Ltd., HBL Power Systems Ltd., Leoch International Technology Ltd., The Furukawa Battery Co. Ltd. are a few of the key vendors in the automotive lead-acid battery market market.
              APAC will register the highest growth rate of 66% among the other regions. Therefore, the automotive lead-acid battery market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive lead-acid battery market market growth are:
              • Growth in the automotive market
              • Legislative support for battery recyclin g
              The automotive lead-acid battery market market vendors should focus on grabbing business opportunities from the aftermarket segment as it accounted for the largest market share in the base year.
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