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India Automotive Lead Acid Battery Market Overview, 2022-28

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    Report

  • 6 Pages
  • November 2022
  • Region: India
  • Bonafide Research
  • ID: 4593551
OFF until Dec 24th 2022
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The report titled India Automotive Lead Acid Battery Market Overview, 2027-28 provides deep analysis of the Indian Automotive Lead Acid Battery market with size in terms of both value and volume of automotive lead acid battery market and also provides market share of different segments. The report formed by segregating data from various sources and various time frames. It consists of various historic data and based on current situation of market and key factors provide forecast based on best suitable method. This could defiantly be helpful in identifying the market segments which are driving growth. The report consists profiles of leading companies.

India Automotive Lead Acid Battery Market Overview, 2027-28

The India Automotive Lead Acid Battery market which has seen a high amount of growth in the value terms in last five years. The market saw growth of all categories of automotive batteries, especially in two wheelers, followed by four wheelers and commercial vehicle batteries. The Indian Automotive Lead Acid Battery market is expected to growth with a CAGR of more than 10% from 2022-23 to 2027-28. With highest sales of two wheelers and four wheelers in Indian market, OEM and replacement battery market is also at its high. Two wheelers market has total sales of more than 123 million in last 8 years. The market share of replacement battery segment is currently more than 70%. For future the share is expected to increase further with increasing number of vehicles in India. The key factors which drive the India automotive lead acid battery market are: Surge in automotive sales, Lead acid batteries strikes the right balance of cost and effectiveness, Rising demand for battery-powered vehicles, Recycling of the battery gives it an advantage over other competing products, Growing popularity of start/stop systems in the automotive sector.

India automotive lead acid battery market witnessed significant growth in recent years owing to its cost-effectiveness and high recyclability. The main drivers for lead acid battery in India are raising urbanization and increased focus on EVs by the government. Although, Covid-19 outbreak resulted in a significant decline in lead acid market on the back of the falling commercial sector in India during 2020 and the decline in automobile production..

Growing advancement in technology coupled with the strengthening of the telecommunication sector is adding to the Lead Acid Battery Industry in India. Moreover, the growing energy generation and rising demand for its storage are also the key factors fostering the growth of the market.

Major Companies

Major companies that operate into Indian Automotive Lead Acid Battery market are Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Limited, TATA Autocomp Gy Batteries Private Limited, Okaya Power Pvt. Ltd, Su Kam Power Systems Limited, Base Corporation Limited, and HBL Power Systems Limited.

Considered for the Report:

  • Geography: India
  • Base Year: FY 2021-22
  • Estimated Year: FY 2022-23
  • Forecast Year: FY 2027-28

Objective of the study:

  • To present an Indian Overview on Indian Automotive Lead Acid Battery industry.
  • To analyse and forecast the India Automotive Lead Acid Battery market size, in terms of value.
  • To analyse and forecast the India Automotive Lead Acid Battery market size, in terms of volume.
  • To define, classify and forecast Automotive Lead Acid Battery market on the basis of segments like two wheeler battery, three wheeler battery, passenger vehicle battery, commercial vehicle battery, tractor battery, motive battery
  • To strategically profile leading players, which are operating in the Automotive Lead Acid Battery industry of India

Approach for the Report:

The publisher performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Automotive Lead Acid Battery market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.

The publisher seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, the publisher calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of automotive battery were recorded and subsequently forecasted for the future years.

Scope of the Report:

India Automotive Lead Acid Battery Market overview, 2027-28” discusses the following aspects of Automotive Lead Acid Battery market in India:

  • India Lead Acid Battery Market By value
  • India Lead Acid Battery Market By Type & Segment
  • India Automotive Lead Acid Battery Market By Value& Volume
  • India Automotive Lead Acid Battery Market Share By Type, Industry & Company
  • India Automotive OEM Battery Market By Value & Volume

Intended Audience:

This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to Automotive Lead Acid Battery industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. India Macro Economic Indicators
2.8. Demographics Insight
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Lead Acid Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Segment
5. India Automotive Lead Acid Battery Market Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Type
5.2.2. By Industry
5.2.3. By Company
6. India Automotive OEM Battery Market Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.1.3. Market Share By Industry
7. India Automotive Replacement Battery Market Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.1.3. Market Share By Industry
8. Company Profiles
8.1. Exide Industries Limited
8.1.1. Company Snapshot
8.1.2. Company Overview
8.1.3. Financial Highlights
8.1.4. Geographic Spread and Distribution network
8.1.5. Business Segment & Performance
8.1.6. Product Portfolio
8.1.7. Key Executives
8.1.8. Strategic Moves & Developments
8.2. Amara Raja Batteries Limited
8.3. Luminous Power Technologies Limited
8.4. HBL Power System Limited
8.5. Su-kam Power Systems Limited
9. Disclaimer
List of Figures
Figure 1: India Population 2017-2021( In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Lead Acid Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 5: India Lead Acid Market Share By Value, By Type , (2016-17, 2021-22 & 2027-28F)
Figure 6: India Automotive Lead Acid Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 7: India Automotive Lead Acid Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 8: India Automotive Lead Acid Battery Market Share By Value, By Type , (2016-17, 2021-22 & 2027-28F)
Figure 9: India Automotive OEM Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 10: India Automotive OEM Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 11: India Automotive Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 12: India Automotive Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
List of Table
Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Lead Acid market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 4: India Automotive Lead Acid Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 5: India Frozen Food market Share By Company (2016-17, 2021-22 & 2027-28F)
Table 6: India Automotive OEM Acid Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 7: India Automotive Replacement Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)

Executive Summary

Exide and Amara Raja collectively dominating lead acid battery market, despite tough competition from unorganized players.

Exide Industries Limited again getting back the market share it had lost to its much agile and fierce competitor Amara Raja Batteries Limited, which had a desirable growth for the past several years. Together they are making huge difference between organized and unorganized players when lead acid battery market is at value stage.

To get back its dominance in the lead acid battery market, Exide has shifted its focus to lower price products targeted at unorganized players and also reduced its price differentiation with its biggest rival Amara Raja. Exide has done many changes such as improvement in after sales service, narrowing the price gap with Amara Raja Batteries, technological upgrades, financial support to dealers. Exide has multiple brands to cater to different requirement of customers, such as Exide, Chloride, Dynex, Index, Tudor, and SF Sonic. Exide is the flagship brand of the company and catering to auto and industrial applications in domestic and exports market. Chloride is the premium global brand for storage power solution. Dynex caters to lower value segment in auto space targeting unorganized/small players. Index focuses on key global markets in auto segment. Tudor brand come from Prestolite. It sells products for industrial energy solutions. SF sonic is an acquired brand. It has wide product range for auto and non-auto. Amara Raja is manufacturer of automotive batteries under the brands Amaron and Powerzone. These are distributed through pan India sales & service retail network. The company supplies automotive batteries under OEM relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors. This is how Exide is giving a tough competition to unorganized and small players.

According to the report 'India Automotive Lead Acid Market Overview, 2018-2023', India automotive lead acid battery market has grown with more than 10% of CAGR in value terms during review period starting from 2012-13 to 2017-18. The market is going upward with the increasing demand of automotive manufacturer and Replacement battery market. India is emerging to be the seventh largest automobile market by 2016 and the world’s third largest by 2030. Automobile Companies prefers the branded batteries and choose it as per model of the car. The company have tie up with select vendors for battery and distributes it with according to the model of a car. Both the company and other Exide still leads in market share in the Automotive OEM segment of two & four wheelers, but Amara Raja now has a substantial share. The Two Wheelers segment with 80 percent market share is the leader of the Indian Automobile market owing to a growing middle class and a young population. Organized companies sell branded batteries with warranties, while unorganized companies provide no warranty or after-sales, sell recycled batteries and price them at 30-35% discount to branded ones. India Automotive replacement battery market is leading the lead acid battery market from review period to forecast period. Exide dominates the organised replacement market for lead acid batteries. The market share of the unorganized players is quite high in the replacement battery market, mainly in the commercial vehicles, tractors, and three-wheelers market. The capacity expansion plans have been on target which helped to meet increasing demand for Amaron and boosted exports. Exide and Amaron together share more than 50% market share of automotive lead acid battery market.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Exide Industries Limited
  • Amaraja Batteries Limited
  • Luminous Power Technologies Limited 
  • HBL Power System Limited
  • Su-kam Power Systems Limited