Automotive Lead-acid Battery Market Size Growing at a CAGR of 6.39% to 2028

Date: December 26, 2022

Automotive Lead-acid Battery Market Size Growing at a CAGR of 6.39% to 2028

Credible analysts and researchers have claimed that global Automotive Lead-Acid Battery Market, which drew a valuation of USD 17,955.9 million in 2021 is estimated to witness a CAGR of 6.39% during 2022-2028, and subsequently amass a valuation of USD 27,903.23 million by the end of the assessment period.

The recently published research study on ‘Global Automotive Lead-Acid Battery Market’ in particular gives a thorough analysis of aspects like growth drivers, challenges, and development opportunities. Additionally, it gives a succinct overview of the several subsectors, highlighting market share, revenue margins, valuations, and the various application ranges. In order to determine which players are the most promising in the overall market environment during the study period, the research then presents a brief overview of the competitive intensity, concentrating on the strategic developments specific to each industry participant.

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COVID-19 impact:

The onset of the COVID-19 pandemic which severely hampered day-to-day activities on a global scale as well as put the healthcare sector under acute pressure, also impacted the automobile and other industries as a result of supply chain bottlenecks, a shortage of raw resources, and lockdown rules. The growth of worldwide automotive lead-acid battery market was severely constrained by supply chain challenges that increased the cost of raw materials and their ongoing scarcity.

The auto industry, however, has been showcasing promising signs of increased profitability over the past few months, given that the threat of infections has subsided owing to the availability of vaccinations for immediate treatment.

Segmentation & Regional Overview:

Speaking of type, the marketplace is bifurcated into flooded battery and VRLA battery. Considering mode of application, worldwide automotive lead-acid battery marketplace is categorized into UPS, marine, telco, construction, utilities, forklifts or trucks, bikes & motorbikes, and automotive respectively.

Europe (Spain, Russia, Italy, France, U.K., Germany, rest of Europe), Asia Pacific (New Zealand, Australia, Singapore, Japan, India, China, rest of APAC), South America (Argentina, Brazil, rest of South America), North America (Mexico, Canada, U.S.) and Middle East & Africa (Turkey, Africa, Saudi Arabia, Iran, UAE, rest of MEA) are the major geographical landscapes that account for substantial shares in global market revenue.

Competitive Analysis:

Competitive landscape that mainly emphasizes on the product portfolio, revenue prospects and market share accounted by each industry player includes names like NorthStar Automotive Group, Midac Batteries S.p.A., Yokohama Batteries Sdn Bhd, First National Battery, Crown Battery Corporation, Nipress, Coslight Technology International Group Co. Ltd, Fujian Quanzhou Battery Co. Ltd, C&D Technologies Inc., AC Delco, Banner Batterien, Shoto, Hoppecke Batterien, Showa Denko K.K., Sacred Sun Power Sources Co. Ltd, Furukawa Group, Hankook Atlasbx America Corporation, Sebang Global Battery Co. Ltd, Amara Raja Group, Fengfan Co. Ltd, EnerSys, Narada Power Source Co. Ltd, Camel Group, Leoch Battery Corporation, Exide Technologies, Chaowei Power Co. Ltd, GS Yuasa Corporation, Tianneng Power International Ltd., and Clarios which are continuously competing with one another to maintain their leadership in global automotive lead-acid battery industry by undertaking strategic partnerships, mergers, and acquisitions.

FAQs:

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