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Global Automotive Lead Acid Batteries Market Expected to Reach $34.0 Billion by 2028, with a CAGR of 4.2%

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Global Automotive Lead Acid Batteries Market Expected to Reach $34.0 Billion by 2028, with a CAGR of 4.2%

September 27
03:20 2023
Global Automotive Lead Acid Batteries Market Expected to Reach $34.0 Billion by 2028, with a CAGR of 4.2%
Browse 145 market data Tables and 39 Figures spread through 171 Pages and in-depth TOC on “Automotive Lead Acid Batteries Market”
Automotive Lead Acid Batteries Market by Product (SLI Batteries, Micro Hybrid Batteries), Type (Flooded, VRLA), Customer Segment (OEM, Aftermarket), End Use (Passenger Cars, Light & Heavy Commercial Vehicles), and Region

The automotive lead acid batteries market is projected to grow from USD 27.8 billion in 2023 to USD 34.0 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The growth of the market is driven by the rapidly progressing automotive sector across major economies such as China, India, and US, among other countries.

Companies such as Clarios (US), EnerSys (US), East Penn Manufacturing Company (US), GS Yuasa Corporation (Japan), and Exide Industries Ltd. (India) fall under the winners’ category. These are leading players in the automotive lead acid batteries market, globally. These players have adopted the strategies of new product launches, acquisitions, expansions, agreements, investments, and joint ventures to increase their market shares.

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Clarios

Clarios is among the global leaders in advanced energy storage solutions, specializing in automotive and transportation applications. Formerly known as Johnson Controls Power Solutions, the company was acquired by Brookfield Business Partners in 2019 and rebranded as Clarios. The company focuses on designing, manufacturing, and distributing innovative energy storage technologies, primarily automotive batteries. It provides a wide range of battery products, including lead-acid batteries, lithium-ion batteries, and other advanced battery technologies. These batteries power various types of vehicles, such as cars, trucks, motorcycles, boats, and recreational vehicles.

EnerSys

EnerSys is an industrial technology company that provides critical stored energy solutions. It manufactures and distributes motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions. Its batteries are offered under the brand name: ODYSSEY. The company has a strong distribution channel and is present in over 100 countries worldwide.

East Penn Manufacturing Company

East Penn Manufacturing Company is among the leading manufacturers of high-quality lead acid batteries and accessories. The company specializes in catering to various applications, including automotive, commercial, marine, industrial, and stationary power. East Penn’s product portfolio includes starting batteries, deep-cycle batteries, AGM (Absorbent Glass Mat) batteries, gel batteries, and more. They cater to both original equipment manufacturers (OEMs) and aftermarket customers. In addition to batteries, East Penn offers a comprehensive range of battery accessories, including battery cables, terminals, chargers, and related products.

GS Yuasa Corporation

GS Yuasa Corporation engages in the development and manufacturing of batteries and energy storage solutions. Its product portfolio includes automotive batteries, industrial batteries, lithium-ion batteries, and energy storage systems. GS Yuasa’s automotive batteries are widely used in passenger cars, motorcycles, commercial vehicles, and other transportation applications. The company operates manufacturing facilities and sales offices in various countries, serving customers worldwide. It also collaborates with major automakers to develop and supply batteries that meet the increasing demands of electric and hybrid vehicles.

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Exide Industries Ltd.

Exide Industries Ltd. is is a lead-acid battery manufacturer and the most reliable brands in the Indian sub-continent. It is specialized in the manufacturing of a wide range of lead and electric storage batteries. The company offers both conventional flooded as well as VRLA batteries ranging from 2.5Ah to 20,600Ah capacity under Exide, SF and CEIL brands. Exide Industries Ltd. has a global presence with operations in nearly 50 countries in key regions such as the Americas, Asia Pacific, Europe, and the Middle East & Africa.

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