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. Crucial information accessible in this research report includes automotive lead acid batteries market growth drivers, restraints, current trends, economic and financial structures, and other pertinent market details. 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. 

Automotive Lead Acid Batteries Companies

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.

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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.

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.

By product, the micro hybrid batteries segment is estimated to be the fastest-growing segment of automotive lead acid batteries market during 2023 to 2028.

The micro hybrid batteries segment, by product, is projected to be the fastest-growing market during the forecast period. The demand for micro hybrid batteries is increasing due to the growing popularity of start-stop technology in vehicles. Start-stop systems offer fuel efficiency improvements by reducing idle time, resulting in lower emissions and improved overall vehicle efficiency. As automakers strive to meet stricter emission standards and improve fuel economy, the adoption of start-stop systems and corresponding micro hybrid batteries is expected to rise.

By type, the flooded batteries segment accounted for the second-largest share of automotive lead acid batteries market in 2022.

Flooded batteries continue to be widely used in the automotive sector, particularly in traditional internal combustion engine vehicles. Despite the increasing adoption of other battery technologies in electric vehicles, flooded batteries are still commonly used for engine starting, lighting, and ignition (SLI) applications. The automotive sector's steady demand for flooded batteries contributes to the overall market trend.

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By end use, the passenger cars segment is projected to account for the largest share of the automotive lead acid batteries market during the forecast period.

In developing economies, where automotive markets are still evolving, lead acid batteries continue to be widely used in passenger cars. These batteries offer a cost-effective solution for automotive power needs in countries with price-sensitive markets. As these economies continue to grow and vehicle ownership expands, the demand for lead acid batteries in passenger cars is expected to persist.

By customer segment, aftermarket is expected to be the fastest-growing segment of the automotive lead acid batteries market during the forecast period.

The aftermarket segment plays a significant role in the automotive lead acid batteries market. As lead acid batteries have a limited lifespan and require periodic replacement, the aftermarket sector provides consistent demand for new batteries. Many consumers opt for lead acid batteries as replacements for their existing vehicles, especially for older models and vehicles that do not require advanced electrical systems. Thus, the aftermarket segment is estimated to have substantial growth.

Asia Pacific is estimated to account for the largest share of automotive lead acid batteries market during 2023 to 2028.

The automotive industry in Asia is rapidly expanding, driven by increasing vehicle production and sales. Lead acid batteries are extensively used in automotive applications, particularly in conventional internal combustion engine vehicles. As the demand for vehicles continues to rise in Asia, the demand for lead acid batteries in the automotive sector is expected to grow accordingly.