Lucintel Forecasts The Global Automotive Lead Acid Battery Market To Reach $35 Billion By 2030

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According to a market report by Lucintel, the future of the global automotive lead acid battery market looks promising with opportunities in the passenger car, light & heavy commercial vehicle, two wheeler, and three wheeler markets. The global automotive lead acid battery market is expected to reach an estimated $35 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are the growing adoption of electric and hybrid vehicles, rising government regulations and initiatives to promote sustainable transportation and environmental conservation, and on-going development in battery technology and manufacturing processes.
A more than 150-page report to understand trends, opportunity and forecast in global automotive lead acid battery market to 2030 by product (SLI batteries (starting, lighting, and ignition) and micro hybrid batteries), type (flooded batteries, enhanced flooded batteries, and VRLA batteries), customer segment (OEM and aftermarket), end use industry (passenger cars, light & heavy commercial vehicles, two wheelers, and three wheelers), and region (North America, Europe, ...
... Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, SLI batteries will remain the larger segment over the forecasts period due to its increasing adoption in passenger cars, commercial vehicles, and motorcycles.
Within the end use category, passenger cars will remain the largest segment over the forecasts period due to growth in disposable income, improved affordability of passenger cars, and increasing demand for vehicles in emerging nations.
In terms of regions, APAC will remain the largest region over the forecasts period due to presence of robust automotive manufacturing ecosystem, rapid urbanization and industrialization, as well as increasing need for commercial vehicles in this region.
Download sample by clicking on automotive lead acid battery market.
Camel Group, C&D Technologies, Clarios, CSB Energy Technology, East Penn Manufacturing, EnerSys, Exide Industries, Exide Technologies, GS Yuasa Corporation, Koyo Battery are the major suppliers in the automotive lead acid battery market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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