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Automotive Lead Acid Batteries - Global Market Trajectory & Analytics

  • ID: 4721433
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ATLASBX Co. Ltd.
  • Crown Battery
  • Exide Technologies
  • Furukawa Battery Co. Ltd.
  • Johnson Controls, Inc.
  • Trojan Battery Company
  • MORE
Global Automotive Lead Acid Batteries Market to Reach $37.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Lead Acid Batteries estimated at US$30.6 Billion in the year 2020, is projected to reach a revised size of US$37.8 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Aftermarket Passenger Cars, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$15.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aftermarket Commercial Vehicles segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.3 Billion, While China is Forecast to Grow at 5.7% CAGR

The Automotive Lead Acid Batteries market in the U.S. is estimated at US$8.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

Aftermarket Motorcycles Segment to Record 3.2% CAGR

In the global Aftermarket Motorcycles segment, USA, Canada, Japan, China and Europe will drive the 2.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.2 Billion by the year 2027, while Latin America will expand at a 4% CAGR through the analysis period.

Select Competitors (Total 62 Featured):
  • ATLASBX Co., Ltd.
  • Camel Group Co., Ltd.
  • Crown Battery
  • East Penn Manufacturing Company, Inc.
  • ENERSYS
  • Exide Technologies
  • FIRST NATIONAL BATTERY
  • Fujian Quanzhou Dahua Battery Co. Ltd.
  • Furukawa Battery Co. Ltd.
  • GS Yuasa Corporation
  • Hitachi Chemical Energy Technology Co., Ltd
  • Johnson Controls, Inc.
  • Leoch Battery Corporation
  • Lion Batteries Holdings Pty Ltd.
  • Narada Power Source Co., Ltd.
  • Trojan Battery Company
  • Yokohama Batteries
  • ZIBO TORCH ENERGY Co., LTD.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ATLASBX Co. Ltd.
  • Crown Battery
  • Exide Technologies
  • Furukawa Battery Co. Ltd.
  • Johnson Controls, Inc.
  • Trojan Battery Company
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Lead-Acid Batteries Remain Central to the Automotive Industry
  • Battery Packs: Vital for Providing the Electrical Juice Required to Keep Automobiles Up and Running
  • Rechargeable Lead Acid Batteries: The Standard Power Source for Automobiles
  • Innovations in Lead-Acid Batteries: Vital to Compensate for the Dearth of Battery Breakthroughs
  • Snapshot of Broad Market Forces
  • Recent Market Activity
  • Market Outlook
2. FOCUS ON SELECT PLAYERS
  • AC Delco Corporation (USA)
  • ATLASBX Co., Ltd. (South Korea)
  • Banner Batteries (Austria)
  • B.B. Battery (China)
  • Crown Battery (USA)
  • East Penn Manufacturing Company, Inc. (USA)
  • ENERSYS (USA)
  • Exide Technologies (USA)
  • F.I.A.M.M SpA (Italy)
  • Firefly International Energy Co. (USA)
  • FIRST NATIONAL BATTERY (South Africa)
  • Fujian Quanzhou Dahua Battery Co. Ltd. (China)
  • Furukawa Battery Co. Ltd. (Japan)
  • GS Yuasa Corporation (Japan)
  • Hitachi Chemical Energy Technology Co., Ltd (Taiwan)
  • Johnson Controls, Inc. (USA)
  • Leoch Battery Corporation (USA)
  • Lion Batteries Holdings Pty Ltd. (Australia)
  • Narada Power Source Co., Ltd. (China)
  • Trojan Battery Company (USA)
  • Yokohama Batteries (Malaysia)
  • ZIBO TORCH ENERGY CO., LTD. (China)
3. MARKET TRENDS & DRIVERS
  • Noteworthy Market/Technology Trends & Drivers
  • Short Life of Lead Acid Batteries & Growing Vehicle PARC Fuels Opportunities for Aftermarket Batteries
  • Battery Drain Exerted by the Proliferation of In-Car Electronics & Keep Alive Memory (KAM) Chips Fuel Replacements in the Aftermarket
  • Vehicle Production Gains in China to Drive Demand for Lead Acid Batteries in Asia
  • Search for the Ideal Lead-Acid Battery Technology Continues
  • Drawbacks of Flooded Lead-Acid Battery Design Drives the Prominence of Valve-Regulated Lead-Acid (VRLA) Batteries
  • Lead Acid Batteries for SLI Functions in Electric Vehicles Dominates, While in High Voltage Applications, Faces Cannibalization Threat from Competing Technologies
  • Bevvy of Innovations to Overcome Drawbacks of Conventional Lead Acid Technology Benefits Growth in the Market
  • Lead Calcium Battery Gains in Prominence Over Conventional Lead Acid
  • With Performance Benefits of Super Capacitors, Lead Carbon Battery Carries Strong Potential for Automotive Applications in the Future
  • Ability to Handle High Electrical Loads Drives Commercial Value of Absorbent Glass Mat (AGM) Battery in Modern Connected Cars
  • Automotive Lightweighting Fuels Interest in Gel Lead Acid Battery
  • Research to Develop Lightweight Electrodes Gains Momentum as Emission Norms Get Stricter
  • Undisputed Economic & Environmental Advantages Including Recycling Sustains the Use of Lead Acid Batteries in Hybrid & Electric Applications
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 62
Note: Product cover images may vary from those shown
  • ATLASBX Co. Ltd.
  • Camel Group Co. Ltd.
  • Crown Battery
  • East Penn Manufacturing Company, Inc.
  • ENERSYS
  • Exide Technologies
  • FIRST NATIONAL BATTERY
  • Fujian Quanzhou Dahua Battery Co. Ltd.
  • Furukawa Battery Co. Ltd.
  • GS Yuasa Corporation
  • Hitachi Chemical Energy Technology Co. Ltd
  • Johnson Controls, Inc.
  • Leoch Battery Corporation
  • Lion Batteries Holdings Pty Ltd.
  • Narada Power Source Co. Ltd.
  • Trojan Battery Company
  • Yokohama Batteries
  • ZIBO TORCH ENERGY Co. LTD.
Note: Product cover images may vary from those shown
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