The Global Market for Automotive Lead-Acid Batteries is Forecast to Reach 590.5 Million Units by 2022

Progressive Technology Developments Sustain the Role of Lead Acid Batteries as the Workhorse of Modern Automobiles Unrivalled by Competing Alternatives, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automotive Lead-Acid Batteries market. The global market for Automotive Lead-Acid Batteries is forecast to reach 590.5 million units by 2022, driven by the continuous evolution of the lead-acid technology to meet changing battery requirements in modern automobiles.

As the most important portable power source, batteries are vital for an optimally functioning automobile. The battery supplies electrical power to the starter motor and the ignition system required to start the engine. As an electrical reservoir it also provides backup power when energy demand in the vehicle is higher than what the alternator can supply. As one of the oldest battery technology, rechargeable lead acid batteries represent the standard power source for vehicles powered by an internal combustion engine. Supported by low cost structure and ability to supply high surge currents, use of lead acid batteries for Starter, Lighting and Ignition (SLI) applications in both conventional automobiles and electric vehicles remains unrivalled by other alternative battery technologies. Technology advancements have made lead acid battery maintenance even easier with the development of maintenance-free "sealed" valve-regulated lead acid (VRLA) batteries. Few of the advantages of rechargeable standard lead acid batteries which have helped entrenched their use in automobiles include cheapest battery technology to manufacture, low technological complexity, large current capability, high tolerance to overcharging, longer/prolonged storage capability, low internal impedance, ability to deliver high currents, recyclable benefits, and compatibility for trickle or float charge for prolonged periods.

Lead-acid batteries will remain vital to the design and construction of current automobiles and for future automobiles alike. Incremental technology innovations will continue to reduce the cost of batteries and increase storage capacities, while resourceful OEMs and OE suppliers will continue to tweak the chemistry of existing battery materials to meet evolving and new needs of modern automobiles. Major R&D themes, goals and objectives will revolve around reducing battery weight and volume; increasing performance related to energy, power and life; failure mitigation; increase abuse tolerance; reducing cost of production beyond economies of scale already achieved, via  lower cost manufacturing technologies; innovation in new material chemistries improvements in electrode design, formulation and coating; and enhancements in thermal management. Few of the major factors driving growth in the market include high frequency of replacements in the aftermarket due to short life of lead Acid Batteries, growing Vehicle PARC, and early battery drain exerted by the proliferation of in-car electronics and Keep Alive Memory (KAM) chips; technology developments; and growing production of automobiles with smart start-stop engine systems where AGM (VRLA) is the preferred battery technology.

As stated by the new market research report on Automotive Lead-Acid Batteries, Asia-Pacific represents the largest market worldwide. Growth in the region is led by factors such as healthy automobile production trends; rise in per capita automobile ownership rates led by growing disposable income and rising standards of living; developing road infrastructure and increase in average miles travelled; booming used car market in emerging Asian countries and the resulting opening up of battery replacement opportunities in the aftermarket; and emergence of China as the world’s largest manufacturer and net exporter of lead acid batteries. Emerging regions are forecast to emerge as the fastest growing market with a CAGR of 5.8% over the analysis period.      

Major players in the market include ATLASBX Co., Ltd., Banner Batteries, Camel Group Co., Ltd., CSB Battery Co., Ltd., East Penn Manufacturing Company, Inc., ENERSYS, Exide Technologies, Exide Industries Limited, F.I.A.M.M SpA, Firefly International Energy Co., Fujian Quanzhou Dahua Battery Co. Ltd., Furukawa Battery Co. Ltd., GS Yuasa Corporation, Johnson Controls, Inc., Leoch Battery Corporation, Lion Batteries (Wholesale) Pty Ltd., and Trojan Battery Company, among others.

The research report titled “Automotive Lead-Acid Batteries: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the U.S., Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. The report also analyzes the market by following Category/End-Use Segment - Original Equipment Market (Motorcycles, Passenger Cars and Commercial Vehicles), and Aftermarket/Replacement Market (Motorcycles, Passenger Cars and Commercial Vehicles).

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