Automotive Lead Acid Batteries - Global Market Trajectory & Analytics

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.