The latest report by IMARC Group, titled “Automotive Lead-Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global automotive lead-acid battery market demand. The global market size reached US$ 13.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

The automotive lead acid battery serves as a critical power source for vehicles, playing an indispensable role in the automotive industry. This type of battery is characterized by its reliability and cost-effectiveness, making it the preferred choice for various automotive applications. Automotive lead-acid batteries are designed to provide the necessary electrical energy to start the vehicle’s engine and power essential electrical systems, such as lights and electronics. They are known for their robust construction and ability to withstand the rigors of automotive environments. Since they are rechargeable and offer long-term utility and sustainability, automotive lead acid batteries are gaining immense prominence across the globe.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-lead-acid-battery-market/requestsample

Automotive Lead-Acid Battery Market Trends and Drivers:

The global automotive lead acid battery market is primarily driven by the growing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs), which heavily rely on lead-acid batteries as auxiliary power sources. As the automotive industry experiences a paradigm shift toward more environmentally friendly transportation options, the demand for lead-acid batteries for these applications is escalating. Additionally, the need for reliable energy storage solutions in the automotive sector has prompted advancements in lead-acid battery technology. Manufacturers are investing in research and development to enhance the performance and longevity of these batteries, addressing concerns related to their environmental impact and thus fostering market growth. Furthermore, ongoing product innovations, such as the introduction of maintenance-free lead-acid batteries, reduce operational costs and offer convenience to vehicle owners, thereby contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles
  • Two-Wheelers
  • HEV Cars

Breakup by Product:

  • SLI Batteries
  • Micro Hybrid Batteries

Breakup by Type:

  • Flooded Batteries
  • Enhanced Flooded Batteries
  • VRLA Batteries

Breakup by Customer Segment:

  • OEM
  • Replacement

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • C&D Technologies Inc.
  • Clarios
  • CSB Energy Technology Co. Ltd (Showa Denko K.K.)
  • East Penn Manufacturing Company
  • EnerSys
  • Exide Industries Ltd.
  • GS Yuasa Corporation
  • Koyo Battery Co., Ltd.
  • Leoch International Technology Ltd
  • PT. Century Batteries Indonesia
  • Robert Bosch GmbH
  • Thai Bellco Battery Co. Ltd.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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